Global Radar Sensor Industry

Global Radar Sensor Industry

  • September 2020 •
  • 275 pages •
  • Report ID: 5959838 •
  • Format: PDF
Global Radar Sensor Market to Reach US$31.9 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Radar Sensor estimated at US$9.8 Billion in the year 2020, is projected to reach a revised size of US$31.9 Billion by 2027, growing at a CAGR of 18.3% over the period 2020-2027.Imaging Radar, one of the segments analyzed in the report, is projected to grow at a 19.2% CAGR to reach US$21.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Imaging Radar segment is readjusted to a revised 16.8% CAGR for the next 7-year period. This segment currently accounts for a 36.6% share of the global Radar Sensor market.

The U.S. Accounts for Over 28.7% of Global Market Size in 2020, While China is Forecast to Grow at a 23.8% CAGR for the Period of 2020-2027

The Radar Sensor market in the U.S. is estimated at US$2.8 Billion in the year 2020. The country currently accounts for a 28.73% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.6 Billion in the year 2027 trailing a CAGR of 23.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.4% and 16.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR while Rest of European market (as defined in the study) will reach US$6.6 Billion by the year 2027.We bring years of research experience to this 6th edition of our report. The 275-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,
  • Airbus Group
  • Arbe Robotics
  • Autoliv, Inc.
  • BAE Systems PLC
  • Brigade Electronics Group Plc
  • Continental AG
  • Delphi Automotive LLP
  • Denso Corporation
  • Echodyne Corp.
  • HELLA KGaA Hueck & Co.
  • Infineon Technologies AG
  • Lockheed Martin Corporation
  • Northrop Grumman Corporation
  • NXP Semiconductors NV
  • Oculli Corporation
  • Omniradar B.V.
  • Robert Bosch GmbH
  • SAAB AB
  • Selex ES GmbH
  • SenZ2 BV
  • Smart Microwave Sensors GmbH
  • Terma A/S
  • Vega Americas Inc.
  • ZF Friedrichshafen AG