Radar Sensor Market - By Type (Imaging Radar, Non-Imaging Radar), By Range (Short-Range, Medium-Range, Long Range), By Application (Automotive, Aerospace & Defense, Industrial, Government & Public Infrastructure) Forecast 2022 – 2032

Radar Sensor Market Size

Radar Sensor Market size was worth more than USD 13 billion in 2022 and is expected record over 15% CAGR through 2032, on account of rising integration of autonomous technology in automotive sector. For instance, in June 2032, the Indian AI startup Minus Zero unveiled the nation’s first completely autonomous vehicle, zPOD, which is also a fully electric prototype with camera-sensor suite.
 

As the popularity of autonomous vehicles increases, there will be high demand for sophisticated radar sensing technologies that can accurately detect objects and obstacles on the road ahead. These radar sensors are crucial for enabling advanced driver assistance technologies such as adaptive cruise control, forward collision warning, and night vision systems, enhancing overall vehicle safety and driving experience. With continuous advancements in electronic components to support processing, sensing, and control functions, the radar sensor industry is poised for significant expansion in the coming years.
 

The product application in safety-critical domains like automotive collision avoidance systems and autonomous vehicles acts as major restrain for the industry. Stringent safety and regulatory standards govern the deployment of these applications to safeguard public safety. If radar sensors fail to meet these rigorous standards, it can result in legal barriers, leading to delays in product development, certification, and market entry for companies operating in this sector.
 

COVID-19 Impact

The COVID-19 pandemic caused the widespread disruptions to manufacturing and supply chains that led to delays in product development and production, affecting the global market growth. The automotive industry, a significant consumer of radar sensors, faced a downturn as vehicle sales declined. On the other hand, the pandemic accelerated the adoption of autonomous technology and driver assistance systems, driving the demand for radar sensors in applications like contactless delivery, surveillance, and healthcare monitoring, adding to the market growth.
 

Radar Sensor Market Trends

The increasing investment in smart city projects worldwide will boost the demand for radar sensors. The product integrated in traffic management, pedestrian detection, and parking systems to ensure effective organization. With the ever-expanding scope of smart city initiatives, there is significant potential for innovation and investment in radar sensor technology. The rapid urbanization and growing preference for intelligent infrastructure solutions will also stimulate the growth of radar sensor industry expansion over the forecast period.
 

Radar Sensor Market Analysis

The non-imaging radar segment accounted for over USD 4.5 billion in market revenue in 2022 and is poised to record more than 13% CAGR through 2032. Non-imaging radar sensors are effective in measuring Plan Position Indicator (PPI) and speed, making it valuable for applications in air traffic and weather monitoring systems. These sensors excel at providing precise quantitative measurements of energy reflection from targets, relying on surface properties. The product integration in aircraft and satellites for altitude determination and topographic mapping is driving its adoption in the aerospace and geospatial industries. As per the report by ICAO, after witnessing drastic decline in passenger traffic number due to the pandemic, the aviation sector is recovering with passenger traffic increasing from 1.77 billion in 2020 to 2.28 billion in 2021. The growing aviation industry will push the demand for non-imaging radar sensor in the coming years.
 

The radar sensor market size from medium-range segment is projected to reach more that USD 30 billion by 2032, attributed to the extensive product utilization in automotive radar applications. These sensors operate within the frequency band of 76 - 77 GHz that is considered standard for the automotive industry. With an aperture angle of +-45 degrees, these sensors can efficiently detect objects up to 160 meters away. This capability makes medium-range radar sensors well-suited for front-end applications, including predictive emergency braking systems and ACC adaptive cruise control. The ACEA data indicates that over 85 million motor vehicles were produced in 2022. The increasing demand for vehicles, especially those with technologically advanced features will bolster the usage of medium-range radar sensors, adding to the industry value.
 

Asia Pacific dominated the global radar sensor market with a remuneration of more than 5 billion in 2022 and is slated to showcase a y-o-y growth rate of over 18.5% during 2023 and 2032. The regional growth is fueled by the increasing adoption of electric vehicles (EVs) in China. With China accounting for 60% of global EV sales in 2022 and witnessing an 82% increase from the previous year as per the IEA report, the demand for advanced radar sensors to support EV operation and performance is on the rise. Leading automakers and radar sensor manufacturers are actively collaborating to integrate radar sensors into EVs, further driving market growth in the region.
 

Radar Sensor Market Share

The prominent companies in the worldwide radar sensor market are;

• Acconeer
•  AMG Microwave
•  Banner Engineering Corp.
•  Continental AG
•  Denso Corporation
•  Hunan Nanoradar Science and Technology Co.Ltd.,
• Baumer AG
• Infineon Technologies A,
• KaikuTek 
•  Analog Devices
•  MediaTek 
•  Ainstein
•  Navtech Radar
•  HELLA GmbH & Co. KGaA, and NOVELIC.

Radar Sensor Industry News

• In May 2023, NXP Semiconductors partnered with NIO Inc. to deploy 4D Imaging radars in NIO electric vehicles to enhance the autonomous driving experience.
   

The radar sensor market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue & shipments from 2018 to 2032 for the following segments:

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By Type

• Imaging radar
  • Continuous wave (CW) radar
  • Pulse radar
• Non-imaging radar
  • Speed gauge
  • Radar altimeter

By Range

• Short-range radar sensor
• Medium-range radar sensor
• Long-range radar sensor

By Application

• Automotive
• Aerospace & defense  
• Industrial
• Government & public infrastructure
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Taiwan
• Latin America
  • Brazil
  • Mexico
• MEA
  • South Africa
  • GCC