Growth of Radar Sensor Market by 2023

The radar sensor market to grow from USD 7.1 billion in 2017 to USD 20.6 billion by 2023, at a CAGR of 19.5% during the forecast period.

The major factors that are expected to be driving the market are increasing focus on safety and security needs in automotive application, unlocking the wideband 5G and millimeter wave–based RF system capabilities, and increasing need for border security systems. The objective of the report is to define, describe, and forecast the radar sensor market size based on technology, components, type, band, range, vertical, application and region.

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Radar Sensor Market By type, the non-imaging radar sensor segment is expected to grow at the highest growth rate during the forecast period

By type segment, radar sensor market has been segmented into imaging radar and non-imaging radar types. Non-imaging radar sensor segment is expected to grow at the highest CAGR during the forecast period. The growing use of non-imaging radars in adaptive cruise control (ACC), blind spot detection, lane change assist, and stop & go functionality is likely to drive the overall non-imaging radar sensor market.

Radar Sensor Market By band, Ku, K, Ka, V, and W bands holds the largest share of the market

Ku, K, Ka, V, and W bands segment is expected to hold the largest radar sensor market share. Ku (12 GHz to 18 GHz), K (18 GHz to 27 GHz), Ka (27 GHz to 40 GHz), V (40 GHz to 75 GHz), and W (75 GHz to 110 GHz) bands are mostly used in defense and automotive sectors. Initially, K-band radars were developed during World War II, centered at a frequency of 24 GHz. Later, the K band is subdivided into two bands: Ku (lower frequency band) and Ka (higher frequency band). These two bands have wide bandwidth and narrow beamwidth that can be achieved by small apertures. V is often referred as ‘very-high frequency band’ (yet another reference to VHF). In the current scenario, 24 GHz (K-band) and E-band (77 GHz) is widely used in automotive applications such as ACC, BSD, cross traffic alert, and stop-&-go functionality.

Radar Sensor Market By range, the mid-range radar segment is expected to grow at the highest growth rate during the forecast period

Among the range segment, the mid-range radar segment is expected to grow at the highest CAGR during the forecast period. Mid-range radar sensor has a presence mainly in automotive applications such as adaptive cruise control, and long-range object detections; in A&D applications such as ground proximity identification; and in industrial applications such as constructional machine zones and collision protection. Companies such as Infineon and NXP Semiconductor N.V. are focusing on mid-range radar sensors for applications.

Radar Sensor Market By application, automotive holds the largest share of the market

Automotive application segment is expected to hold the largest market share. Radar sensors are likely to witness the increasing demand in automotive applications, and some of the major reasons behind this include growing number of radar sensors in a car, increasing demand for safety, comfort, and assistance features in an automobile, and emergence of driverless car projects. Radar sensor can be incorporated in several applications such as collision avoidance system, blind spot detection, adaptive cruise control (ACC), advanced driver-assistance systems, lane departure warning, parking aid, pre-crash sensing & brake boosting, object detection system, and stop-&-go functionality.

Radar Sensor Market By vertical, the commercial segment is expected to grow at the highest growth rate during the forecast period

Among the vertical segment, the commercial segment is expected to grow at the highest CAGR during the forecast period. The commercial vertical includes automotive, civil aviation, private ships/yachts and railway, and security and surveillance activities in medical, agricultural, smart electronic devices. Radar sensor plays a significant part in automotive, civil aviation, private ships/yachts, and railway. In automotive applications, the radar sensor market will rise at a fast rate due to the emergence of issues related to safety and security of onboard passengers preventing them from road accidents/mishap. Therefore, the higher adoption rate of automotive radar sensors is observed in the coming years, as it serves in each car and vehicle and in autonomous car projects.

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Radar Sensor Market in North America to account for the largest market size during the forecast period.

North America is expected to hold the largest market size in the radar sensor market during the forecast period. The presence of strong military and defense infrastructure in North American countries, such as the US and Canada, drives the market in this region. Moreover, the region has the most technologically advanced market for applications owing to the presence of prominent suppliers, major radar sensor companies such as Lockheed Martin Corporation (US) and Northdrop Grumman Corporation (US), manufacturers, and the competitiveness of OEMs.

Growing Adoption of Radar Sensors 2023: Market Overview and Projections

Radar systems are used to determine the presence, range, size, shape, and velocity of objects and can be classified as either imaging or non-imaging radar systems. Imaging radar systems create 2D images of target objects either through continuous wave signal or pulsed signal. The imaging radar system is prevalent in sectors such as industrial, agriculture, and healthcare, as well as environmental and weather monitoring applications. Non-imaging radar systems, also known as scatterometers, are used as speed gauges and radar altimeters.

A radar sensor, along with the transmitter, receiver, duplexer, and antenna, are important components of a radar system. Radar sensors help in determining parameters such as velocity, range, shape, and size of the target object by transmitting either continuous wave signal or pulsed wave signal. According to MarketsandMarkets, the radar sensor market is projected to reach USD 20.64 billion by 2023, growing at a CAGR of 19.51% during 2017–2023.

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Current outlook

Radar systems are used in a wide-range of end-user applications, including automotive, aerospace, and military, as well as security & surveillance, traffic monitoring and management, environmental and weather monitoring.

In automotive, a radar system is used as adaptive cruise control and autonomous driving assistance systems (ADAS). In ADAS, radar systems are used for applications such as lane change support, collision avoidance, and parking aid, as well as pedestrian and cyclist detection, and step-&-go functionality. A short-range sensor in automobiles helps in collision warning, lane change assistant, blind spot monitoring, and parking aid, whereas a long-range radar system helps in identifying blind spots in front of the vehicle and in determining traffic situation ahead of the vehicle. According to MarketsandMarkets, the contribution of automotive is the highest in the radar sensor market and will continue to be dominant in the coming years.

The military/defense is another major segment in the radar sensors market. In the military, radar systems are used in missile control, ground surveillance, navigation, and military air traffic control, as well as to identify moving targets and assist in search and rescue operations. Increased military spending will lead to the growing adoption of radar sensors. According to the Stockholm International Peace Research Institute (SIPRI), global military spending increased by 2.6% in 2018 compared with 2017 in the US, China, India, France, and Saudi Arabia—top spenders that account for almost 60% of global military spending. Also, the increasing need for security and surveillance at borders has led to the requirement of advanced sensor network security system. This will propel the adoption of radar systems in the military/defense segment.

Future outlook

Growing developments in the space of self-driving/autonomous vehicles are likely to drive the adoption of radars. Automobile companies, such as Ford, GM, Tesla, and Volvo, are planning to release driverless cars by 2021. For instance, Ford is planning to deploy almost 1,000 driverless cars by 2021, Volvo is planning to offer 100 Swedish customers early access to their autonomous XC90 SUV by 2021, and Tesla is planning to release self-driving taxis (robotaxis) by 2020 in the US. Therefore, the introduction of driverless cars is likely to propel the adoption of radar systems during the forecast period.

Developments have been observed in integrated radar technologies. For instance, in May 2019, a team of researchers from the Fraunhofer Institute for Laser Technology (Germany); the Fraunhofer Institute for Organic Electronics, Electron Beam, and Plasma Technology (Germany); and the Institute of High Frequency Technology at RWTH Aachen University (Germany) developed a process in which radar sensors can be coated on vehicle headlights. In May 2019, Libelium, a Spanish manufacturer of hardware and IoT solutions introduced a smart parking device for cars with integrated radar technology. Also, the continuous developments of military radar systems such as SPAR tiles from MACOM, Digital Array Row Transmitter (DART) from Lockheed Martin, and the Artisan 3-D radar system from BAE Systems help in the growth of the radar sensors market during the forecast period.

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Competitive scenario

Robert Bosch Gmbh, Lockheed Martin Corporation, Infineon Technologies AG, Continental AG, and HELLA GmbH & Co. KGaA are among the leading vendors in the market. Robert Bosch has gained popularity in the radar sensors market due to continuous investments in products related to automotive. For instance, in January 2019, Bosch announced to invest USD 1.1 billion to increase chip production owing to the rise in the adoption of sensors in cars. Apart from Robert Bosch, other vendors, such as Continental, HELLA, and Infineon Technologies, dominate the market due to their strong foothold in automotive. Lockheed Martin’s dominance is attributed to its strong foothold in aerospace and defense. Autoliv Inc., BAE Systems plc, NXP Semiconductors N.V., Saab AB, and ZF Friedrichshafen AG are among the other major vendors in the radar sensors market.

Future of Global Imaging and Non-Imaging Radar Sensor Market 2018-2025

Radar Sensor Market is expected to reach USD 20.64 Billion by 2023, at a CAGR of 19.51% between 2017 and 2023.

Major factors driving the growth of the radar sensor market include increasing territorial conflicts and geopolitical instabilities in Asia Pacific, the Middle East, and the Americas, and the rising demand for radar systems worldwide, as militaries seek to replace legacy systems. The market is further driven by increasing focus on safety, comfort, and assistance features in vehicles.

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 “The radar sensor market for automotive applications is expected to grow rapidly during the forecast period”

The radar sensor market for automotive applications is expected to grow at a high rate during the forecast period. The main factors driving the growth of this market include the increasing adoption of radar sensors for various applications, increasing benefits of radar sensor as compared to other remote sensing technologies, the growing number of accidents on global basis, and comfort, safety, and assistance features offered by using radar sensors. Some of the major automotive applications that use radar sensors are blind spot detection, lane departure warning, object detection system, adaptive cruise control (ACC), and stop-&-go functionality.

“The non-imaging radar sensor market to have potential growth by 2023”

The market for non-imaging radar sensors is expected to grow at the highest rate during the forecast period. This is mainly because of their wide usage in most of the high-end applications such as defense, automotive, and traffic monitoring. Various applications of defense need constant tracking and analyzing, which is mostly done with the help of non-imaging radar. Additionally, the increasing military expenditure by developing countries is also an important factor to drive the overall growth of the non-imaging radar sensor market.

“Radar sensor market in APAC expected to grow at the highest rate during the forecast period”

Radar sensors and systems are increasingly being implemented in APAC, owing to the growing demand from automotive and military investment. Moreover, APAC is one of the potential markets for the unmanned vehicles as countries such as China, India, Japan, Australia, and South Korea among others are actively trying to strengthen the military system. The geopolitical dynamics of the region have a major role to play in the measures taken by major economies such as India and China toward the enhancement of military capabilities and strength.

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Major companies involved in the development of radar sensor such as Robert Bosch GmbH (Germany), Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive LLP (UK), HELLA KGaA Hueck & Co (Germany), Autoliv Inc. (Sweden), Infineon Technologies AG (Germany), Lockheed Martin Corporation (US), NXP Semiconductors N.V. (The Netherlands), and Smart Microwave Sensors GmbH (Germany).

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