How big is the Radar Sensors Market?

The Radar Sensors Market size is expected to reach USD 21.03 billion in 2024 and grow at a CAGR of 16.70% to reach USD 45.42 billion by 2029. Read More

What is the current Radar Sensors Market size?

In 2024, the Radar Sensors Market size is expected to reach USD 21.03 billion. Read More

Who are the key players in Radar Sensors Market?

Robert Bosch GmbH, Lockheed Martin Corporation, NXP Semiconductors NV, Infineon Technologies AG and Denso Corporation are the major companies operating in the Radar Sensors Market. Read More

Which is the fastest growing region in Radar Sensors Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Radar Sensors Market?

In 2024, the North America accounts for the largest market share in Radar Sensors Market. Read More

What years does this Radar Sensors Market cover, and what was the market size in 2023?

In 2023, the Radar Sensors Market size was estimated at USD 17.52 billion. The report covers the Radar Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Radar Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Radar Sensors Market Share

Statistics for the 2023 & 2024 Radar Sensors market share, created by Mordor Intelligence™ Industry Reports. Radar Sensors share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Radar Sensors Industry

The radar sensors market is fragmented due to the presence of many significant players. Some prominent players include Robert Bosch Gmbh, Lockheed Martin Corporation, NXP Semiconductors, Infineon Technologies, STMicroelectronics NV, and Continental AG.

January 2024: NXP Semiconductors NV launched an extension to its automotive radar one-chip family. The new SAF86xx seamlessly integrates a high-performance radar transceiver, a multi-core radar processor, and a MACsec hardware engine to facilitate cutting-edge secure data communication via Automotive Ethernet. This comprehensive system solution lays the groundwork for advanced, software-defined radar technology when coupled with NXP's S32 high-performance processors, vehicle network connectivity, and power management capabilities.
November 2023: Lockheed Martin Corporation announced that the US Air Force would launch its advanced TPY-4 radar for further evaluation following months of internal testing and tweaks at company facilities in rural New York. The software-defined sensor, capable of detecting and tracking everything from small drones to jets to ballistic missiles, is slated to replace the decades-old TPS-75 radar as part of the Three-Dimensional Expeditionary Long Range Radar effort, or 3DELRR.