Quick Summary:
Stay informed and make strategic decisions with access to our comprehensive Global Radar Sensors Market report. Our meticulously researched report offers a detailed overview of this vibrant sector, assessing its growth potential from 2022 through 2030. The sector, currently valued at US$12.8 Billion, is poised for significant expansion, projected to hit US$30.3 Billion by 2030.
Our report offers industry-specific data and analysis on key growth segments such as Imaging, which is expected to register remarkable growth of 12.2% CAGR, reaching US$20.5 Billion by the end of 2030. The U.S. and China, two vital markets, are also comprehensively reviewed with the U.S. market standing at around $3.4 Billion and China projected to achieve a blistering 15.4% CAGR. Additionally, the report includes valuable insights into the competition landscape featuring key players like InnoSenT GmbH and Lunewave.
Make your next business move armed with accurate, actionable insights from this crucial market research report.
Global Radar Sensors Market to Reach $30.3 Billion by 2030
The global market for Radar Sensors estimated at US$12.8 Billion in the year 2022, is projected to reach a revised size of US$30.3 Billion by 2030, growing at a CAGR of 11.4% over the analysis period 2022-2030. Imaging, one of the segments analyzed in the report, is projected to record 12.2% CAGR and reach US$20.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Imaging segment is readjusted to a revised 9.8% CAGR for the next 8-year period.
The U.S. Market is Estimated at $3.4 Billion, While China is Forecast to Grow at 15.4% CAGR
The Radar Sensors market in the U.S. is estimated at US$3.4 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2030 trailing a CAGR of 15.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 9.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 9% CAGR.Select Competitors (Total 41 Featured) -
- Arbe Robotics
- ARTsys360 Ltd.
- Astyx Communication & Sensors
- Brigade Electronics Group Plc
- Cardiac Motion
- Echodyne Corp.
- FLEX System
- HENSOLDT
- InnoSenT GmbH
- Lunewave
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Radar Sensors?
What is the growth rate of the Global Market for Radar Sensors?
What is the forecasted size of the Global Market for Radar Sensors?
Who are the key companies in the Global Market for Radar Sensors?
| Report Attribute | Details |
|---|---|
| No. of Pages | 244 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 12.8 Billion |
| Forecasted Market Value ( USD | $ 30.3 Billion |
| Compound Annual Growth Rate | 11.4% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Arbe Robotics
- ARTsys360 Ltd.
- Astyx Communication & Sensors
- Brigade Electronics Group Plc
- Cardiac Motion
- Echodyne Corp.
- FLEX System
- HENSOLDT
- InnoSenT GmbH
- Lunewave
