Global Radar Sensors Market Expected to Reach USD 77.5 Billion by 2033 - IMARC Group

December 02, 2024 | Electronics and Semiconductors

Global Radar Sensors Market Statistics, Outlook and Regional Analysis 2025-2033

The global radar sensors market size was valued at USD 21.3 Billion in 2024, and it is expected to reach USD 77.5 Billion by 2033, exhibiting a growth rate (CAGR) of 15.4% from 2025 to 2033.

Radar Sensors Market

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The market for radar sensors is expanding significantly on a global scale due to the growing demand from numerous industries. These sensors exhibit accuracy and reliability in object detection and distance measurement across diverse environmental conditions. The automotive industry relies heavily on such sensors due to their rapid advancements in safety systems and autonomous driving technology. Worldwide, governments are making it mandatory to induct ADAS like adaptive cruise control, automatic emergency braking, and lane-keeping assist that entirely rely on radar sensors for real-time, correct data. According to the reports, in April 2024, the U.S. National Highway Traffic Safety Administration (NHTSA) mandated that nearly all new passenger vehicles be equipped with automatic emergency braking (AEB) systems by 2029. Also, the proliferation of electric vehicles (EVs) and sudden shift towards full autonomy are further intensifying the need for radar sensors to ensure safe navigation and add situational awareness. Aviation and aerospace also utilize radar sensors for applications in collision avoidance, weather monitoring, as well as altitude measurement, which are considered as fundamental requirements to ensure the safety of an aircraft's operations.

Factors driving the radar sensors market include increasing concern about global climate change and the need for advanced DMS. In line with this, the growing need for weather and environmental monitoring solutions is also acting as another growth-inducing factor. Moreover, advanced weather monitoring systems that offer accurate information on precipitation, wind speed, and storm movements helps with prompt and efficient responses to natural disasters rely heavily on radar sensors. Radar sensors have extensive applications in the industrial sector, including object detection in automation and robotics and material level measurement in tanks and silos. These sensors easily integrate with linked systems for amplified operational efficiency as their application cases have grown with the introduction of the Internet of Things (IoT) and smart manufacturing techniques. Consequently, the usage of these sensors is also accelerating due to technological developments, such as adopting millimetre-wave radar, downsizing, and enhanced signal processing. As per the sources, in January 2024, Texas Instruments launched first single-chip radar sensor designed for satellite architectures which can increase vehicle sensing ranges beyond 200 meters, enabling accurate advanced driver assistance systems (ADAS) decision-making. Apart from these, rapid developments have raised the affordability and adaptability of radar systems which are opening new markets for their use in smart home appliances and healthcare monitoring. The widening range of applications for radar sensors is further highlighted by the focus on enhancing infrastructure for smart city and intelligent transportation systems.

Global Radar Sensors Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share on account of technological advancements, robust growth in the automotive sector, and defense investments.

North America Radar Sensors Market Trends:

North America dominates the radar sensors market with high technological advancements and vast utilization in various industries. In the defense sector, surveillance and threat detection require massive reliance on radar sensors. In the aerospace industry, radar technology is extensively utilized for navigation and weather monitoring, while industrial automation makes use of radar sensors to enhance efficiency and precision in operations. As reported by the sources in January 2024, Lockheed Martin (NYSE: LMT) working on contract with Northrop Grumman for the U.S. Navy's E-2D Advanced Hawkeye, has provided the 75th APY-9 radar which gives the U.S. Navy information dominance through revolutionary sensor capability. The existence of major market players and a strong emphasis on R&D have reinforced the regions leadership in the industry of radar sensors.

Asia-Pacific Radar Sensors Market Trends:

The Asia-Pacific radar sensors market is expanding rapidly, amplified by rising demand for automotive safety technologies and intensifying industrial automation in countries like China, Japan, and South Korea. Government initiatives to improve military capabilities and investments in smart city projects further drive adoption, making the region a key contributor to global market growth.

Europe Radar Sensors Market Trends:

The strict safety laws in the automobile sector and the high demand for radar technology in the aerospace and defense sectors are two factors driving the radar sensors market in Europe. Due to their advanced automotive and manufacturing industries, Germany and France are major contributors to the market expansion, which is further supported by a stronger focus on sustainability and smart infrastructure.

Latin America Radar Sensors Market Trends:

In Latin America, market growth is driven by heightened adoption of radar sensors in traffic management systems and urban infrastructure projects. Expanding industrial automation and the accelerating need for weather monitoring technologies in countries like Brazil and Mexico are also contributing to market development in the region.

Middle East and Africa Radar Sensors Market Trends:

The Middle East and Africa radar sensors market is boosted by growing investments in defense and aerospace sectors, alongside the adoption of advanced technologies for oil and gas exploration. Urban development initiatives and the integration of radar systems in traffic monitoring and smart city projects further drive the market growth in the region.

Top Companies Leading in the Radar Sensors Industry

Some of the leading radar sensors market companies include Continental AG, DENSO Corporation, Hitachi Ltd, Honeywell International Inc., Infineon Technologies AG, L3harris Technologies Inc., Lockheed Martin Corporation, NXP Semiconductors N.V, Raytheon Technologies Corporation, Robert Bosch GmbH, Saab AB, STMicroelectronics, Texas Instruments Incorporated, Thales Group, among many others.

  • In January 2024, Continental and Aurora Innovation announced their partnership to commercialize autonomous trucks by finalizing the Aurora Driver Level 4 fallback system design. The collaboration includes developing cost-efficient, serviceable autonomous hardware with advanced sensors.


Global Radar Sensors Market Segmentation Coverage

  • On the basis of the type, the market has been categorized into imaging (continuous wave (CW) radar, pulse radar, and others) and non-imaging (speed gauge and radar altimeter), wherein non-imaging, represent the leading segment. Non-imaging radar, encompassing speed gauges and radar altimeters, dominates the market due to its widespread use in applications requiring precise velocity and altitude measurements. Its cost-effectiveness and efficiency in various industries, including aerospace and traffic management, contribute to its leading position. The segment's versatility and ability to function reliably under diverse environmental conditions further enhance its market share.
  • Based on the range, the market is classified into short, medium, and long ranges, amongst which short dominates the market. Short-range radar holds the largest market share, driven by its critical role in applications such as automotive safety systems and proximity sensing. These radars are highly effective in detecting objects and obstacles at close distances, making them essential in urban environments. Their adoption is fueled by increasing demand for advanced driver assistance systems (ADAS) and collision avoidance technologies.
  • On the basis of the application, the market has been divided into automotive, aerospace and defense, environment and weather monitoring, traffic management and monitoring, and others. Among these, automotive accounts for the majority of the market share. The market leads the automotive segment, primarily due to radar technologies which are highly being integrated into modern automobiles for increased automation and safety. These systems are important for features like adaptive cruise control, parking assistance, and blind-spot detection. This market's dominance is being further strengthened by the growing trend of autonomous vehicles and strict safety requirements.

 

Report Features Details
Market Size in 2024 USD 21.3 Billion
Market Forecast in 2033 USD 77.5 Billion
Market Growth Rate 2025-2033 15.4%
Units Billion USD
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
  • Type
  • Range
  • Application
  • Region
Types Covered
  • Imaging: Continuous Wave (CW) Radar, Pulse Radar, Others
  • Non-Imaging: Speed Gauge, Radar Altimeter
Ranges Covered Short Range, Medium Range, Long Range
Applications Covered Automotive, Aerospace and Defense, Environment and Weather Monitoring, Traffic Management and Monitoring, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Continental AG, DENSO Corporation, Hitachi Ltd, Honeywell International Inc., Infineon Technologies AG, L3harris Technologies Inc., Lockheed Martin Corporation, NXP Semiconductors N.V, Raytheon Technologies Corporation, Robert Bosch GmbH, Saab AB, STMicroelectronics, Texas Instruments Incorporated, Thales Group, etc.
Customization Scope 10% Free Customization
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