Radar Sensors - Global Strategic Business 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