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The radar sensor market has witnessed rapid growth, escalating from $12.49 billion in 2023 to $14.43 billion in 2024, with a significant CAGR of 15.5%. Factors like national security needs and vehicle integration drove this surge. Projections suggest the market will reach $23.95 billion by 2028, reflecting a CAGR of 13.5%. Noteworthy trends include integration in autonomous vehicles and enhanced safety features in vehicles.

The radar sensor market is poised for expansion driven by the rise of autonomous vehicles. Autonomous vehicles heavily depend on radar sensors for real-time detection of objects, vehicles, pedestrians, and obstacles to enable navigation and route planning without human intervention. With an estimated 3.5 million autonomous vehicles expected on American roads by 2025 and a further increase to 4.5 million by 2030, the demand for radar sensors is set to increase significantly in tandem with the proliferation of autonomous vehicles.

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What Are The Key Trends That Influence Radar Sensor Market Share Analysis?

Major companies in the radar sensor market are developing advanced technologies, such as automotive radar sensors, to better serve their customers with enhanced features. An automotive radar sensor detects and measures the distance, speed, and direction of objects around a vehicle using radar technology. For instance, in May 2022, Infineon Technologies, a Germany-based semiconductor manufacturing company, launched the XENSIV 60 GHz automotive radar sensor (BGT60ATR24C). This sensor is designed for in-cabin monitoring systems (ICMS), enabling the detection of micro-movements and vital signs of infants and animals left behind in vehicles while triggering alarms. It features 4 GHz ultra-wide bandwidth Frequency Modulated Continuous Wave (FMCW) operation in a compact package, with configuration and data collection streamlined through a digital interface. The integrated state machine allows for independent data acquisition with optimized power modes for minimal power consumption. Additionally, it incorporates two transmit channels (TX) and four receive channels (RX), ensuring excellent thermal management.

Which Market Players Are Driving Growth In The Radar Sensor Market?

Major companies operating in the radar sensor market report are Robert Bosch GmbH, Raytheon Technologies Corporation, Lockheed Martin Corporation, Denso Corporation, ZF Friedrichshafen AG, Qualcomm Technologies, Continental AG, Northrop Grumman Corporation, Honeywell International Inc., Texas Instruments Inc., Thales Group, Aptiv Plc, L3Harris Technologies Inc., STMicroelectronics N.V, Infineon Technologies AG, NXP Semiconductors NV, Analog Devices, Autoliv Inc, Hella KGaA Hueck & Co., Saab AB, SICK AG, Banner Engineering Corp, Socionext America Inc., Smart Microwave Sensors GmbH, Oculi Corp

How Is The Global Radar Sensor Market Segmented?

The radar sensor market covered in this report is segmented –

1) By Type: Imaging Radar, Non-imaging Radar
2) By Range: Short-Range Radar Sensor, Medium-Range Radar Sensor, Long-Range Radar Sensor
3) By Application: Air Traffic Control, Remote Sensing, Ground Traffic Control, Space Navigation And Control, Other Applications
4) By End User: Automotive, Aerospace And Defense, Environment And Weather Monitoring, Industrial, Other End Users

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The Radar Sensor Global Market Report 2024 provides an overview of the radar sensormarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The radar sensor market forecast analyzes radar sensor market size, radar sensor market share, leading competitor and their market positions.

The Table Of Content For The Radar Sensor Market Include

1. Radar Sensor Market Executive Summary
2. Radar Sensor Market Segments
3. Radar Sensor Market Size And Template Market Growth Rate
4.  Key Radar Sensor Market Trends
5. Major Radar Sensor Market Drivers
……
25. Key Mergers And Acquisitions In The Radar Sensor Market
26. Top Radar Sensor Companies
27. Radar Sensor Market Opportunities And Strategies
28. Radar Sensor Market, Conclusions And Recommendations
29. Appendix

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