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The radar sensors market size is forecast to increase by USD 17.91 billion at a CAGR of 20.62% between 2023 and 2028. The market in the automobiles industry is experiencing significant growth due to the increasing adoption of advanced driver assistance systems (ADAS). Radar sensors, which use reflected radio waves to measure motion trajectory, are integral to these systems, enabling features such as speed gauges and altimeters. The market is witnessing trends like the emergence of high-resolution non-imaging radar imaging sensors, the integration of radar with global positioning systems (GPS), and the use of wireless technology for data transmission. Additionally, the market is facing challenges such as cost pressure faced by original equipment manufacturers (OEMs) and the need for radar sensors to function effectively in dense mediums, including insulators. Continuous wave radar, both optical and infrared, are popular types of radar sensors used in automobiles, with continuous wave radar offering advantages such as high-resolution and real-time detection. The market is also witnessing the emergence of pulse radar, which uses short bursts of radio waves to measure distance and velocity. Overall, the market is expected to grow significantly due to these trends and challenges, with applications extending beyond automobiles to drones and other industries.
Radar sensors have gained significant traction in various industries due to their ability to detect objects and measure distances using electromagnetic waves. The market for radar sensors can be segmented into imaging and non-imaging types. Imaging radar sensors use high-resolution imaging technology to provide detailed object recognition, while non-imaging radar sensors use pulse-based technology for distance measurement. Short-range radar sensors are commonly used in security and surveillance applications, IoT devices, and traffic monitoring. Long-range radar sensors find extensive use in industrial automation, aerospace and defense, weather monitoring, and autonomous vehicles. Sub-millimeter-wave radar sensors are increasingly being adopted for their ability to penetrate through fog and smoke.
Further, radar sensors are used in various electronic devices such as radar detectors, altimeters, and speed gauges. The market for radar sensors is expected to grow significantly due to their increasing use in autonomous vehicles and the development of cw radar sensors that offer high-resolution imaging and long-range detection. However, concerns over electromagnetic emissions and radar scrambling are potential challenges for the market. Radar sensors are used in various applications such as aircraft, marine vessels, two-wheelers, and automobiles. Antenna and sensor are crucial components of radar sensors, and advancements in their design and technology are driving innovation in the market.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The automotive segment is estimated to witness significant growth during the forecast period. In the automotive industry, radar sensors play a crucial role in enhancing vehicle safety by detecting and locating objects using radio waves. These sensors are available in various frequency bands, with 77 GHz and 79 GHz being commonly used due to their high-resolution tracking capabilities. Long-range radar sensors operating at 77 GHz frequency are particularly popular for measuring distance and speed accurately. The applications of radar sensors in motor vehicles are diverse, including blind spot detection, lane change assistance, collision mitigation, parking assistance, and rear cross-traffic alert. The increasing demand for advanced safety features in the autonomous car market is driving the growth of the market.
Additionally, radar sensors find extensive use in defense applications for surveillance and target detection. The high-precision tracking and 360-degree car surveillance offered by these sensors make them an essential component of modern vehicles.
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The automotive segment accounted for USD 3.73 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is experiencing significant growth, driven primarily by the expansion of the manufacturing sector in the region. Governments in the US and Canada are offering incentives and subsidies to attract manufacturing companies to set up facilities, making these countries an attractive destination for new industries. Canada, in particular, is an appealing choice due to its abundant supply of low-cost natural gas for power factories and rising labor costs in Asia Pacific. As manufacturing industries continue to grow in North America, there is an increasing focus on integrating automation into production plants. Long-range radar sensors, utilizing frequencies such as 77-GHz and 79GHz, are increasingly being adopted for various applications in the manufacturing sector and motor vehicles.
These sensors enable high-resolution tracking and are integral to advanced safety features like blind spot detection, collision mitigation, lane change assistance, parking assistance, rear cross-traffic alert, and automatic emergency braking. Furthermore, radar sensors have applications beyond the automotive industry, including defense applications. The market is expected to witness substantial growth in the autonomous car market, which is poised for significant expansion in North America.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing use of drones in numerous applications is the key driver of the market. Radar sensors play a crucial role in the autonomous operation of drones or Unmanned Aerial Vehicles (UAVs). These sensors are essential for obstacle detection and navigation in various applications of drones, including powerline and grid inspections, scientific research, geological surveying, and search and rescue operations. In the context of radar technologies, there are two primary types: Imaging Radar and Non-Imaging Radar. Imaging Radar uses radio waves to generate images of objects, while Non-Imaging Radar relies on the measurement of distance, velocity, and angle of targets. In the market for radar sensors, Short-Range Radar Sensors and Long-Range Radar Sensors hold significant importance. Short-Range Radar Sensors are typically used for industrial automation, traffic monitoring, and automotive applications, such as adaptive cruise control and parking assistance. Long-Range Radar Sensors are employed in security and surveillance systems, biomedical applications, and building automation solutions. Digital technologies continue to advance the capabilities of radar sensors, enabling more precise and efficient operations.
Automotive radar is a significant market for radar sensors, with applications in adaptive cruise control, collision avoidance, and blind spot detection systems. In the automotive industry, registered cars are increasingly being equipped with radar sensors for enhanced safety and convenience. Radar applications extend beyond automotive and aerospace industries, with potential uses in various sectors, including healthcare, agriculture, and environmental monitoring. In conclusion, radar sensors are indispensable components in the autonomous flying of drones and various other applications. The market for radar sensors comprises both short-range and long-range sensors, catering to diverse industries, including automotive, industrial, security and surveillance, and biomedical. Digital technologies continue to drive advancements in radar sensor capabilities, further expanding their applications and potential benefits.
The emergence of the high-resolution radar imaging sensor is the upcoming trend in the market. Radar sensors play a crucial role in various industries, including security and surveillance, industrial automation, traffic monitoring, and automotive. Two primary types of radar sensors are Imaging Radar and Non-Imaging Radar. Imaging Radar, also known as 4D Radar, provides high-resolution imaging of objects, making it suitable for applications requiring precise object detection and separation in complex environments. In contrast, Non-Imaging Radar, which includes Short-Range Radar Sensors and Long-Range Radar Sensors, is used for detecting the presence, velocity, and distance of objects. The increasing demand for advanced driver-assistance systems (ADAS) and autonomous driving vehicles has fueled the growth of Automotive Radar. High-resolution radar sensors are integrated into vehicles to enhance safety features, such as blind spot detection, collision avoidance, and adaptive cruise control. These sensors can detect objects in extreme weather conditions and dim lighting, ensuring safer driving. In the industrial sector, radar sensors are used for building automation solutions, process control, and quality inspection. Radar Applications in biomedical fields include non-invasive imaging and monitoring systems for medical diagnosis and therapy.
Digital technologies, such as AI and machine learning, are integrated with radar sensors to improve object recognition and classification. Despite the advancements in radar technology, incidents related to self-driving cars have highlighted the need for improved sensors and related technologies. For instance, in March 2018, an Uber self-driving SUV in autonomous mode hit a pedestrian crossing a street in Tempe, Arizona. Tesla and Google self-driving vehicles have also been involved in road accidents. The development of high-resolution radars will allow increased detection points, better object separation in multiple target environments, and precise detection of blind spots, enhancing safety and reliability in various applications.
Cost pressure faced by OEMs is a key challenge affecting the market growth. In the rapidly evolving technological landscape, Radar Sensors have gained significant traction in various industries, including Automotive, Security and Surveillance, Industrial, and Biomedical, among others. Two primary types of Radar Sensors are Imaging and Non-Imaging Radar. Short-Range Radar Sensors are commonly used for applications such as Automation, Traffic Monitoring, and Autonomous Driving, while Long-Range Radar Sensors are employed for Security and Surveillance and Registered Cars. Automotive Original Equipment Manufacturers (OEMs) face the challenge of integrating advanced Radar-based features while adhering to stringent regulations and maintaining competitive pricing. Regulations such as the US Corporate Average Fuel Economy standards add to the manufacturing cost of vehicles.
Furthermore, the need to innovate drivetrain technologies to meet low-emission standards further increases Research and Development (R&D) costs. Advanced features like Adaptive Cruise Control Systems (ACC), Adaptive Headlight Control (AHC), Airbag Systems (AS), and Anti-lock Braking Systems (ALBS) require the integration of Radar Sensors, adding to the vehicle's cost. Digital Technologies are transforming Radar Applications, from Automotive Radar to Building Automation Solutions, offering enhanced functionality and performance. The integration of these advanced features necessitates a balance between innovation, cost, and regulatory compliance.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Banner Engineering Corp.: The company offers radar sensors such as T30R series and K50R.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Radar sensors are essential electronic devices used for imaging and non-imaging applications across various industries. These sensors operate based on the principle of emitting radio waves and detecting the reflected signals from distant objects. The radar market is witnessing significant growth due to the increasing adoption of radar sensors in security and surveillance, industrial automation, automotive, biomedical, and defense applications. Short-range radar sensors are commonly used for blind spot detection, collision mitigation, lane change assistance, parking assistance, and rear cross-traffic alert in automotive applications. Long-range radar sensors, operating at frequencies such as 77-GHz and 79-GHz, are utilized for autonomous driving, traffic monitoring, and weather monitoring.
Further, radar applications extend beyond automotive, including building automation solutions, smart grids, smart homes, smart water networks, intelligent transport, and 5G technology. Radar sensors are also employed in aerospace and defense for applications such as terrain tracking, missile guidance, and airport intrusion detection. Radar sensors come in various types, including sub-millimeter-wave radar sensors, CW radar sensors, and corner radar sensors. These sensors are used for high-resolution tracking, object recognition, and 360-degree car surveillance under low visibility conditions. The growing penetration of consumer electronic devices, autonomous cars, and IoT devices is further fueling the demand for radar sensors. Radar sensors are crucial components of electronic devices, comprising an antenna, duplexer, transmitter, receiver, video amplifier, processor, and sensor.
However, these sensors are used to detect electromagnetic emissions from distant objects, including motor vehicles, aircraft, marine vessels, and two-wheelers. They are also employed in applications such as speed gauge, altimeter, pulse, and continuous wave. In summary, the radar sensor market is experiencing strong growth due to their applications in various industries, including automotive, industrial, biomedical, and defense. These sensors offer benefits such as high accuracy, reliability, and adaptability to diverse environments. The integration of radar sensors with emerging technologies like 5G and IoT is expected to further expand their applications and market potential.
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Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 20.62% |
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Market Growth 2024-2028 |
USD 17.91 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
16.56 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
North America at 39% |
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Key countries |
US, China, Germany, Japan, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Ainstein Inc., Arbe Robotics Ltd, Banner Engineering Corp., Continental AG, DENSO Corp., HELLA GmbH and Co. KGaA, Infineon Technologies AG, InnoSenT GmbH, Israel Aerospace Industries Ltd., Lockheed Martin Corp., MediaTek Inc., NXP Semiconductors NV, Robert Bosch GmbH, RTX Corp., S.m.s Smart Microwave Sensors GmbH, Sivers Semiconductors AB, Steradian Semiconductors Pvt. Ltd., Texas Instruments Inc., Vayyar Imaging Ltd., and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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