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Global Radar Sensor Market - Forecasts from 2020 to 2025

  • ID: 5067495
  • Report
  • May 2020
  • Region: Global
  • 117 Pages
  • Knowledge Sourcing Intelligence LLP


  • ASTYX GmbH
  • Banner Engineering Corp.
  • Baumer Holding AG
  • Geolux d.o.o.
  • Hans Turck GmbH & Co. KG
  • HENSOLDT Group
The global radar sensor market is anticipated to grow aa CAGR of 15.53% in order to attain a market size of US$17.688 billion by 2025, from US$7.435 billion in 2019. The increasing terrorist attacks at the global level and the rising geopolitical issues are putting pressure on the governments around the globe for investing heavily in the military and defense sector. As per the Stockholm International Peace Research Institute (SIPRI), total global defense expenditure was approximately US$1.74 trillion in 2017. Also, the military expenditure of the United States grew from USD605,803 million to USD648,798.3 million in 2018 for keeping pace with the technological advancements in the defense sector. The increasing number of national security threats is paving a way for the creation of high demand for radar sensors, fueling the market growth in the forecast period. Hence, this, in turn, is significantly driving the demand for radar sensors in the United States and in the other parts of the world.

The worldwide emergence of autonomous vehicles provides a great opportunity for the growth of the radar sensors market in the coming years. This is because of the fact that the ADAS (Advanced Driver Assistance Systems) does require many radar sensors for the following applications which include blind-spot detection, parking assistance, and emergency braking among other applications, thus making an important contribution to the overall functioning of autonomous driving. Auto manufacturers are continuing to invest in the development of autonomous vehicles for reducing road accidents and hence improving the traffic flow. Traffic delays bring in huge traffic congestion costs regarding fuel loss and productivity. As per the Texas Transportation Institute and UK Government estimates, the cost of traffic congestion ranges from USD119 billion per year and 3.9 billion gallons of fuel wastage to £22 billion per year in the United Kingdom by the end of 2025.

However, the radar technology is not good for mapping fine details at large distances, hence, this is leading to investments in alternative technology known as LIDAR. The LIDAR technology allows measuring distances with high accuracy while offering better resolution than radar, thus making it better at detecting smaller objects. This will negatively impact the growth of the radar sensors market to some extent. Zala, a Russian company is using LIDAR in its drones to be used in the country’s military industry.

By Radar Application, the market is segmented as smart cities, smart factory, bio sensing, defense, others. The defense segment is accounted to hold a significant market share on account of rising defence budget across the globe and investments in the adoption of advanced technologies.

Geographically, the global radar sensor market is segmented as North America, South America, Europe, the Middle East and Africa, and Asia-Pacific. North America accounted for a major market share in the forecast period owing to the early adoption of newer technologies coupled with high investments in R&D across various industries. High military and the defense budget of countries like the U.S. and Canada contribute to the dominance of the regional market in the global radar sensor market. Europe also holds a significant share on account of high investments in the aerospace and defense sector and autonomous vehicles. As of 2016 European Commission information, The European Investment Bank signed an agreement consisting of providing EUR28 million loan from the European Investment Bank (EIB) to Danish aerospace manufacturer Terma in order to carry out R&D and innovation projects for the development of high-tech products for various civilian space application including radar technology for coastal, harbour, airport and air traffic control. APAC regional market for radar sensors is projected to witness a high CAGR during the forecast period. This fastest regional market growth is majorly attributed to factors such as the rising production of autonomous cars in China, increasing government spending in APAC countries to strengthen surveillance capabilities and the rising number of installations of renewable energy projects in the region.

The growing airport surveillance radar industry with the manufacturing of new aircrafts and an increasing number of air passengers carried is providing an opportunity for the market to thrive in the forecast period.

With significant investments in the airport infrastructure, the market is expected to augment in the forecast period. According to the Airports Council International, the global air passenger traffic is projected to achieve a size of around 20 billion by the end of 2039. (source: Airports Council International). This is further poised to creating a need for investments in airport infrastructure for new and improved airports in order to meet the growing capacity in addition to evolving passenger expectations as well, leading to smooth operations. Furthermore, the increasing investment in airport infrastructure is supported by the increasing middle-class population, increasing consumer spending on services, evolving business airline models to bring more value to passengers and keep pace with the evolving air travel industry, especially in the emerging economies of the world. This has further resulted in airport privatization, further contributing to the community and national economic productivity. Additionally, the framing of the government policies for supporting aviation infrastructure development is further strengthening the modernization of airports and augmenting the airport service quality for people and cargo both. For example, the Indian aviation industry is projected to witness an investment of around USD 4.99 billion for the next four years. The GOI is planning to invest around USD 1.83 billion for the development of airport infrastructure in addition to the aviation navigation services by 2026 (source: Ministry of Commerce & Industry, Government of India).

According to the EU, a loan agreement of 200 million euros has been signed in December 2018 between the European Investment Bank (EIB), and the Budapest Airport for the expansion and the upgradation of Hungary’s main international airport.

The modernization project of the Los Angeles International Airport which is a $14 billion (approximately) modernization project, expected completion date is 2023. Such initiatives in the future also may provide an opportunity for the market to grow during the forecast period.

The United States Department of Transportation has announced in September 2018 the allocation of grants of approximately USD616.9 million for the airport infrastructure projects as part of the Airport Improvement Programme (AIP) of the Federal Aviation Administration (FAA) throughout the United States. Furthermore, USD205 million in the form of supplemental funding for the AIP grants, in addition to USD3.31 billion, which has already been allocated to the AIP grant, will be allocated to fund grants to around 37 airports in around 34 states (source: U.S. Department of Transportation).


By Type of Radar System
  • Bistatic Radar
  • Continuous Wave Radar
  • Instrumentation Radar
  • Weather Radar
  • Others

By Application
  • Automotive
  • Aerospace & Defense
  • Security & Surveillance
  • Industrial
  • Others

By Geography
  • North America
  • USA
  • Canada
  • Mexico
  • South America
  • Brazil
  • Argentina
  • Others
  • Europe
  • UK
  • Germany
  • France
  • Others
  • Middle East and Africa
  • UAE
  • Israel
  • Saudi Arabia
  • Others
  • Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • Others
Note: Product cover images may vary from those shown


  • ASTYX GmbH
  • Banner Engineering Corp.
  • Baumer Holding AG
  • Geolux d.o.o.
  • Hans Turck GmbH & Co. KG
  • HENSOLDT Group

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Radar Sensor Market Analysis, by Type of Radar System
5.1. Introduction
5.2. Bistatic Radar
5.3. Continuous Wave Radar
5.4. Instrumentation Radar
5.5. Weather Radar
5.6. Others
6. Global Radar Sensor Market Analysis, by Application
6.1. Introduction
6.2. Automotive
6.3. Aerospace & Defense
6.4. Security & Surveillance
6.5. Industrial
6.6. Others
7. Global Radar Sensor Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. North America Radar Sensor Market, By Type of Radar System, 2019 to 2025
7.2.2. North America Radar Sensor Market, By Application, 2019 to 2025
7.2.3. By Country United States Canada Mexico
7.3. South America
7.3.1. South America Radar Sensor Market, By Type of Radar System, 2019 to 2025
7.3.2. South America Radar Sensor Market, By Application, 2019 to 2025
7.3.3. By Country Brazil Argentina Others
7.4. Europe
7.4.1. Europe Radar Sensor Market, By Type of Radar System, 2019 to 2025
7.4.2. Europe Radar Sensor Market, By Application, 2019 to 2025
7.4.3. By Country UK Germany France Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Radar Sensor Market, By Type of Radar System, 2019 to 2025
7.5.2. Middle East and Africa Radar Sensor Market, By Application, 2019 to 2025
7.5.3. By Country United Arab Emirates Israel Saudi Arabia Others
7.6. Asia Pacific
7.6.1. Asia Pacific Radar Sensor Market, By Type of Radar System, 2019 to 2025
7.6.2. Asia Pacific Radar Sensor Market, By Application, 2019 to 2025
7.6.3. By Country Japan China India Australia Others
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Geolux d.o.o.
9.2. Baumer Holding AG
9.3. ASTYX GmbH
9.4. ZF Friedrichshafen AG
9.5. Hans Turck GmbH & Co. KG
9.6. HENSOLDT Group
9.7. smart microwave sensors GmbH
9.8. InnoSenT GmbH
9.9. Banner Engineering Corp.
9.10. SICK AG
Note: Product cover images may vary from those shown
  • Geolux d.o.o.
  • Baumer Holding AG
  • ASTYX GmbH
  • ZF Friedrichshafen AG
  • Hans Turck GmbH & Co. KG
  • HENSOLDT Group
  • smart microwave sensors GmbH
  • InnoSenT GmbH
  • Banner Engineering Corp.
Note: Product cover images may vary from those shown