Global Radar Sensor Market – Industry Trends and Forecast to 2030

Radar Sensor Market Analysis and Size

A radar sensor, short for "radio detection and ranging sensor," is a technology that uses radio waves to detect and locate objects. It operates on the principle of sending out radio waves, which then bounce off objects and return to the sensor. By analyzing the time it takes for the radio waves to travel to the object and back, as well as the changes in the frequency or phase of the returning waves, a radar sensor can determine the object's distance, speed, direction, and sometimes even its size and shape.

Data Bridge Market Research analyses that the global radar sensor market, which was U.S.D 11.5 billion in 2022, is expected to reach U.S.D 37.8 billion by 2030 and is expected to undergo a CAGR of 19.7% during the forecast period of 2023 to 2030. The type segment is expected to dominate due to the increasing demand for wireless technologies and the need to optimize and troubleshoot wireless networks. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Market Definition

A radar sensor is a specialized electronic sensor that utilizes radio waves to transmit and receive signals for the purpose of detecting and locating objects within its operational range. Radar sensors can operate in various frequency bands, such as millimeter-wave (mmWave) and microwave, and they are employed in a wide range of applications across different industries, including automotive, aerospace, defense, maritime, industrial, and environmental monitoring.

Global Radar Sensor Market

Drivers

• Increasing Increased Demand for Autonomous Vehicles

Radar sensors are a crucial component in autonomous and advanced driver assistance systems (ADAS). The growing interest in self-driving cars and the need for safety features like adaptive cruise control, collision avoidance, and parking assistance are driving the demand for radar sensors.

• Growth in the IoT (Internet of Things)

The proliferation of IoT devices and the need for connectivity and sensing in smart cities, industrial automation, and other applications are boosting the demand for radar sensors. They are used for object detection and tracking, particularly in outdoor environments.

• Military and Defense Applications

Radar sensors have long been used in military applications, including surveillance, target detection, and missile guidance. Ongoing military modernization programs and the need for enhanced situational awareness are driving the demand for radar sensors in this sector.

Opportunities

• Expanding Industrial Automation

Radar sensors are used in industrial settings for applications like level measurement, object detection, and collision avoidance. As industries increasingly adopt automation and Industry 4.0 principles, the demand for radar sensors is rising.

Restraints/Challenges

• Regulatory Challenges

Compliance with evolving regulatory requirements and standards, particularly in the automotive industry, can be a significant challenge. Meeting these standards for safety and emissions can increase the cost and complexity of radar sensor implementation.

• Interference and Compatibility Issues

Radar sensors can be susceptible to interference from other radar systems, such as those in nearby vehicles, airports, or military installations. Ensuring compatibility and avoiding interference can be technically challenging.
This global radar sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Global Radar Sensor Market, contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

• In August 2017, DENSO CORPORATION, one of the leading global automotive suppliers of advanced technology, introduced a 24-GHz submillimeter-wave back and side radar sensor for the automotive industry to enhance vehicle safety systems. This sensor helps in detecting objects in the back and side of the vehicle, which helps in reducing accident risk
• In May 2018, DENSO CORPORATION invested in Metawave Corporation, a US-based startup that develops millimeter-wave radar sensing technologies, to accelerate the development and improve performance of in-vehicle millimeter-wave radar sensors

Global Radar Sensor Market Scope

The global radar sensor market is segmented on the basis of type, band, range, component, technology, application and vertical. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the Users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Imaging Radar
• Non-Imaging Radar

Band

• HF
• VHF
• HUF Bands: L, S, C
• X Bands; Ku, K, Ka, V
• W Bands

Range

• Short-Range Radar Sensor
• Medium-Range Radar Sensor
• Long-Range Radar Sensor

Component

• Transmitter
• Receiver
• Processor
• Antenna
• Video Amplifier

Technology

• Time Domain Reflectometry
• Ultra-Wideband
• RF MEMS-based Radar Sensors
• Millimeter Wave

Application

• Automotive
• Aerospace and Defense
• Industrial
• Security and Surveillance
• Traffic Monitoring and Management
• Environmental and Weather Monitoring
• Other Applications

Vertical

• Commercial
• Government
• Industrial

Global Radar Sensor Market Regional Analysis/Insights

The global radar sensor market is analysed, and market size insights and trends are provided by type and end user as referenced above.

The countries covered in the global radar sensor market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa.

North America is expected to dominate the global radar sensor market because of its advanced technological infrastructure, high adoption of smart city initiatives, strong presence of major players in the market and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to of rapid urbanization, increasing infrastructure development, and the adoption of advanced technologies in countries such as China, Japan, and India. In addition, the region's expanding automotive and consumer electronics industries contribute to the growing demand for infrared LED lighting solutions. Furthermore, favourable government initiatives and investments in smart city projects further drive market growth in the Asia-Pacific region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers Used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Radar Sensor Market Share Analysis

The  global radar sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus. Related to  global radar sensor market.

Some of the major players operating in the  global radar sensor market are:

• Robert Bosch GmbH (Germany)
• Continental AG (Germany)
• Infineon Technologies AG (Germany)
• DENSO CORPORATION (Japan)
• ZF Friedrichshafen AG (Germany)
• HELLA GmbH & Co. KGaA (Germany)
• Lockheed Martin Corporation (US)
• s. m. s. smart microwave sensors GmbH (Germany)
• Oculi Corp (US)
• SICK AG (Germany)
• Socionext America Inc. (US)

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology Used by DBMR research team is data triangulation, which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus. Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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