Market Research Report

Radar Sensors Market

Radar Sensors Market Research Report: Size, Share, Trend Analysis Type (Imaging Radar, Non-imaging Radar), Technology (RF MEMS-based radar sensors, Millimeter wave, Time Domain Reflectometry (TDR), Ultra-Wideband (UWB), Others), Component (Antenna, Processing, Transmitter, Video Amplifier, Duplexer, Receiver) and By Region (North America, Europe, Asia Pacific, Rest of the World) - Growth Outlook & Industry Forecast To 2023

Vertical: AnDBase Year: 20179 Sections

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Executive Summary

Radar Sensors Market — Snapshot

  • Market Size (2017)

    $8.59B

  • Projected (2023)

    $25.25B

  • CAGR (2017–2023)

    19.7%

  • Key Players

    11+

Radar sensors consist of several components such as an antenna, a duplexer, transmitter, receiver, video amplifier, and processor for signal and data processing. Radar sensors are used in a number of industries including automotive, aerospace, defense, weather monitoring, and security and surveillance system manufacturing.

The global radar sensors market is estimated to register a 19.78% CAGR during the forecast period of 2018 to 2023. In 2017, the market was led by Europe with a 35.61% share, followed by North America and Asia-Pacific with shares of 29.22% and 27.05%, respectively.

The global radar sensors market has been segmented based on type, technology, component, and region. Based on type, the imaging radar segment accounted for the largest market share of 53.14% in 2017, with a market value of USD 4567.01 million and is projected to register a CAGR of 18.67% during the forecast period. Based on technology, the RF MEMS-based radar sensors segment accounted for the largest market share of 26.76% in 2017, with a market value of USD 2299.70 million and is projected to exhibit a CAGR of 20.11% during the forecast period. Based on component, the antenna segment accounted for the largest market share of 35.21% in 2016, with a market value of USD 3026.33 million and is projected to exhibit a CAGR of 20.43% during the forecast period.

Key Insight

The Radar Sensors Market market is projected to grow at a CAGR of 19.7% from 2017 to 2023.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 4 regions: North America, Europe, Asia Pacific, Rest of the World.
  • Market Segmentation: The market is analyzed across 2 segments: Imaging Radar, Non-imaging Radar. Forecasts are provided for each segment from 2017 to 2023.
  • Competitive Landscape: 11 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Radar Sensors Market

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