How big is the Radar Sensors Market?

The Radar Sensors Market size is expected to reach USD 21.03 billion in 2024 and grow at a CAGR of 16.65% to reach USD 45.42 billion by 2029. Read More

What is the current Radar Sensors Market size?

In 2024, the Radar Sensors Market size is expected to reach USD 21.03 billion. Read More

Who are the key players in Radar Sensors Market?

Robert Bosch GmbH, Lockheed Martin Corporation, NXP Semiconductors NV, Infineon Technologies AG and Denso Corporation are the major companies operating in the Radar Sensors Market. Read More

Which is the fastest growing region in Radar Sensors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Radar Sensors Market?

In 2024, the North America accounts for the largest market share in Radar Sensors Market. Read More

What years does this Radar Sensors Market cover, and what was the market size in 2023?

In 2023, the Radar Sensors Market size was estimated at USD 17.53 billion. The report covers the Radar Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Radar Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Radar Sensors Market - Size, Share, Industry Growth & Analysis

Radar Sensors Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Market Report Covers Global Radar Sensor Manufacturers and is Segmented by Type (Imaging and Non-Imaging Radar), Range (Short-Range Radar Sensor, Medium Range Radar Sensor, and Long-Range Radar Sensor), End User (Automotive, Security and Surveillance, Industrial, Environment and Weather Monitoring, Traffic Monitoring), and Geography. The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

Radar Sensors Industry Overview

The radar sensors market is fragmented due to the presence of many players. Some prominent players in the market include Robert Bosch Gmbh, Lockheed Martin Corporation, NXP Semiconductors, and Infineon Technologies, among others. The industry has undergone several developments over the past few years, significantly transforming the studied market. Some of the recent developments in the market include -

In July 2022, Gapwaves, a Swedish tech company, and Bosch, a leading global automotive supplier, announced their partnership for developing and large-scale production of high-resolution radar antennas for automotive vehicle applications. As part of the joint development, Gapwaves will support with its antenna know-how, and Bosch will contribute with its know-how of radar sensors and automated driving.

In May 2022, Infineon Technologies launched XENSIV 60 GHz automotive radar sensor (BGT60ATR24C). These sensors are designed for in-cabin monitoring systems (ICMS) to detect micro-movements and vital signs of left-behinds and sound the alarm. Additionally, the sensor chipset also addresses applications such as high-resolution frequency modulated continuous wave (FMCW) radars for distance measurement, front-end radar for gesture sensing, short-range sensing operations, and other hidden sensing applications.