세계의 레이더 센서 시장 : 지역별(2024-2031년)

Radar Sensor Market Size and Forecast

Radar Sensor Market size was valued at USD 21.63 Billion in 2024 and is projected to reach USD 90.66 Billion by 2031 , growing at a CAGR of 19.62% from 2024 to 2031. Radar sensors are devices that use radio waves to detect the presence, direction, distance, and speed of objects in their vicinity. These sensors are employed in various applications, including automotive safety systems, weather monitoring, defense and aerospace, and industrial automation. Furthermore, radar sensors are increasingly being utilized in emerging technologies such as autonomous vehicles, smart cities, and Internet of Things (IoT) devices.

Radar Sensor Market Dynamics

The key market dynamics that are shaping the radar sensor market include:

Key Market Drivers

Increased Adoption of ADAS in Vehicles:

The radar sensor market is being driven by the increased deployment of Advanced Driver Assistance Systems (ADAS) in automobiles. According to a survey by International Data Corporation (IDC), the global ADAS industry is estimated to reach $68 billion by 2025, with radar sensors playing an important part in features like adaptive cruise control and collision prevention.

Rising Demand for Safety and Security Solutions

: The increased emphasis on safety and security, especially in aerospace and defense, is driving demand for radar sensors. The United States Department of Defense has budgeted $7 billion for radar system development and procurement in fiscal year 2024, representing increased investment in sophisticated radar technologies for surveillance and threat detection.

Growth in Industrial Automation

: The increase in industrial automation applications is driving the radar sensor market. According to Verified Market Research, the industrial automation market is expected to reach $296 billion by 2026, with radar sensors becoming increasingly popular for object identification and process control in automated systems.

Key Challenges:

High Initial Costs:

The development and production of advanced radar sensors involve significant research and development expenses, as well as high manufacturing costs. These factors contribute to the relatively high price of radar sensors, which is a barrier to adoption, especially for small and medium-sized enterprises or in price-sensitive markets.

Regulatory Compliance

: Radar sensors operate on specific frequency bands that are regulated by government agencies. Compliance with these regulations, which vary by region, adds complexity to the development and deployment of radar sensors. Manufacturers must ensure their products meet the necessary standards and obtain appropriate certifications, which are time-consuming and costly.

Technical Limitations:

Despite ongoing advancements, radar sensors still face certain technical challenges. These include limitations in resolution for some applications, susceptibility to interference from other electromagnetic sources, and difficulties in detecting small or low-reflectivity objects. Overcoming these limitations requires continued research and development efforts.

Key Trends:

Integration of AI and Machine Learning:

Artificial intelligence (AI) and machine learning algorithms are being increasingly integrated with radar sensor systems to enhance their performance and capabilities. These technologies enable more sophisticated object recognition, improved tracking accuracy, and better noise filtering, leading to more reliable and intelligent radar systems.

Fusion of Radar with Other Sensor Technologies:

The trend towards sensor fusion, where data from radar sensors is combined with information from other sensor types such as LiDAR, cameras, and ultrasonic sensors, is gaining momentum. This approach provides a more comprehensive and accurate understanding of the environment, which is particularly crucial for applications in autonomous vehicles and advanced robotics.

Miniaturization and Cost Reduction:

Efforts are being made to develop smaller, more compact radar sensors without compromising on performance. This miniaturization trend is driven by the need for radar sensors in space-constrained applications and the desire to reduce overall system costs. Advancements in semiconductor technology and innovative antenna designs are contributing to this trend.

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Radar Sensor Market Regional Analysis

Here is a more detailed regional analysis of the radar sensor market:

North America:

According to Verified Market Research, North America is estimated to dominate the radar sensor market over the forecast period. North America, particularly the United States, is a leader in the adoption of Advanced Driver Assistance Systems (ADAS). According to a report by Verified Market Research, the U.S. ADAS market is expected to grow from $18 billion in 2020 to $55 billion by 2027. This growth is largely driven by the integration of radar sensors in safety features like adaptive cruise control and collision avoidance systems.

Furthermore, the industrial automation sector in North America is experiencing rapid growth, contributing to the demand for radar sensors. According to a report, the North American industrial automation market is expected to reach $84 billion by 2025. Radar sensors are increasingly used in this sector for process control, object detection, and automation applications.

Europe:

Europe region is estimated to exhibit substantial growth during the forecast period. Europe has stringent automotive safety regulations that drive the adoption of Advanced Driver Assistance Systems (ADAS) equipped with radar sensors. According to the European Commission, new safety regulations require all new cars to be equipped with features like automatic emergency braking and lane-keeping assistance by 2024. This regulatory push is accelerating the integration of radar sensors in vehicles across Europe.

European countries are investing heavily in defense and security technologies, including radar systems. The European Defense Agency reported that defense spending in Europe increased by 6.5% in 2022, reaching approximately €230 billion. This rise in defense budgets is driving demand for advanced radar sensors for surveillance, reconnaissance, and threat detection.

Furthermore, the growth of industrial automation and infrastructure development in Europe is boosting the radar sensor market. The European Commission's Horizon Europe program is investing over €95 billion in research and innovation, including industrial automation projects. Radar sensors are critical for process control and monitoring in these industrial applications.

Asia Pacific:

The Asia Pacific region is estimated to exhibit the highest growth during the forecast period. The booming automotive sector in Asia-Pacific is a significant driver for radar sensors. According to the Asia-Pacific Automotive Industry Report 2023, the region is expected to account for over 50% of the global automotive market by 2025, with radar sensors being increasingly used in advanced driver assistance systems (ADAS) to meet growing safety standards.

Many countries in the Asia-Pacific region are significantly increasing their defense budgets, which drives the demand for radar sensors. The Stockholm International Peace Research Institute (SIPRI) reports that defense spending in Asia-Pacific grew by 4.4% in 2023, reaching approximately $500 billion. This increased spending supports the development and deployment of advanced radar technologies for defense and surveillance applications.

Furthermore, the rapid expansion of infrastructure and smart city projects across Asia-Pacific is boosting the radar sensor market. According to a report by Frost & Sullivan, the smart city market in Asia-Pacific is expected to grow at a CAGR of 22% from 2024 to 2030. Radar sensors are crucial for traffic management, smart transportation systems, and urban safety in these development projects.

Radar Sensor Market: Segmentation Analysis

The Radar Sensor Market is segmented based on Type, Application, and Geography.

Radar Sensor Market, By Type

• Imaging Radar
• CW Radar
• Pulse Radar
• Non-imaging Radar

Based on Type, the market is segmented into Imaging Radar, CW Radar, Pulse Radar, and Non-imaging Radar. The imaging radar segment is estimated to dominate the radar sensor market due to its ability to provide high-resolution images of the surrounding environment. Imaging radar systems are increasingly being used in automotive applications for advanced driver assistance systems (ADAS) and autonomous vehicles, as well as in security and surveillance applications. The growing demand for detailed environmental perception in various industries is driving the adoption of imaging radar technology.

Radar Sensor Market, By Application

• Automotive
• Aerospace & Defense
• Industrial
• Security & Surveillance
• Traffic Monitoring & Management
• Others

Based on Application, the market is segmented into Automotive, Aerospace & Defense, Industrial, Security & Surveillance, Traffic Monitoring & Management, and Others. The automotive segment is estimated to grow at the highest CAGR in the radar sensor market. This growth is primarily driven by the increasing adoption of ADAS features in vehicles and the development of autonomous driving technologies. Radar sensors play a crucial role in applications such as adaptive cruise control, collision avoidance, and blind spot detection. The growing emphasis on vehicle safety and the push towards higher levels of vehicle autonomy are fueling the demand for radar sensors in the automotive sector.

Radar Sensor Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Geography, the Radar Sensor Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to dominate during the forecast period due to the region's strong presence in the automotive and aerospace industries, as well as its leadership in technological innovation. The high adoption rate of advanced driver assistance systems (ADAS) in vehicles, coupled with significant investments in autonomous vehicle technology, is driving the demand for radar sensors in the region. Additionally, North America's focus on enhancing homeland security and defense capabilities contributes to the growth of the radar sensor market in aerospace and defense applications.

Key Players

• The "Radar Sensor Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• Robert Bosch GmbH, Continental AG, Denso Corporation, Infineon Technologies AG, Autoliv Inc., Hella KGaA Hueck & Co., Lockheed Martin Corporation, NXP Semiconductors N.V., Smart Microwave Sensors GmbH, and Analog Devices, Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the abovementioned players globally.

• Radar Sensor Market Recent Developments
• In March 2023, Bosch announced the development of a new long-range radar sensor for automated driving. The sensor is designed to detect objects at distances of up to 300 meters, enabling improved performance in highway driving scenarios.
• In January 2023, Continental AG introduced a new 4D imaging radar sensor for autonomous vehicles. The sensor provides high-resolution detection of the vehicle's surroundings, enabling more precise object classification and tracking.
• In November 2022, NXP Semiconductors launched a new automotive radar chip that integrates a multicore radar processor and a hardware security module. This chip is designed to enable more advanced ADAS features while enhancing cybersecurity in connected vehicles.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL RADAR SENSOR MARKET

• 1.1 Introduction of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL RADAR SENSOR MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis
• 4.5 Regulatory Framework

5 GLOBAL RADAR SENSOR MARKET, BY BAND

• 7.1 Overview
• 7.2 L, S, C, And X Bands
• 7.3 Ku, K, Ka, V, And W Bands
• 7.4 HF, VHF, And UHF Bands

6 GLOBAL RADAR SENSOR MARKET, BY RANGE

• 6.1 Overview
• 6.2 Short-Range Radar
• 6.3 Mid-Range Radar
• 6.4 Long-Range Radar

7 GLOBAL RADAR SENSOR MARKET, BY TYPE

• 7.1 Overview
• 7.2 Imaging
• 7.3 Non-Imaging Radar

8 GLOBAL RADAR SENSOR MARKET, BY VERTICAL

• 8.1 Overview
• 8.2 Automotive
• 8.3 Aerospace and Defense
• 8.4 Healthcare
• 8.5 Maritime
• 8.6 Manufacturing
• 8.7 Oil & Gas
• 8.8 Others

9 GLOBAL RADAR SENSOR MARKET, BY GEOGRAPHY

• 9.1 Overview
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 U.K.
  • 9.3.3 France
  • 9.3.4 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 Japan
  • 9.4.3 India
  • 9.4.4 Rest of Asia Pacific
• 9.5 Rest of the World
  • 9.5.1 Latin America
  • 9.5.2 Middle East and Africa

10 GLOBAL RADAR SENSOR MARKET COMPETITIVE LANDSCAPE

• 10.1 Overview
• 10.2 Company Market Share
• 10.3 Vendor Landscape
• 10.4 Key Development Strategies

11 COMPANY PROFILES

• 11.1 Continental AG
  • 11.1.1 Overview
  • 11.1.2 Financial Performance
  • 11.1.3 Product Outlook
  • 11.1.4 Key Developments
• 11.2 Delphi Automotive LLP
  • 11.2.1 Overview
  • 11.2.2 Financial Performance
  • 11.2.3 Product Outlook
  • 11.2.4 Key Developments
• 11.3 Infineon Technologies AG
  • 11.3.1 Overview
  • 11.3.2 Financial Performance
  • 11.3.3 Product Outlook
  • 11.3.4 Key Developments
• 11.4 NXP Semiconductors N.V.
  • 11.4.1 Overview
  • 11.4.2 Financial Performance
  • 11.4.3 Product Outlook
  • 11.4.4 Key Developments
• 11.5 Smart Microwave Sensors GmbH
  • 11.5.1 Overview
  • 11.5.2 Financial Performance
  • 11.5.3 Product Outlook
  • 11.5.4 Key Developments
• 11.6 Robert Bosch GmbH
  • 11.6.1 Overview
  • 11.6.2 Financial Performance
  • 11.6.3 Product Outlook
  • 11.6.4 Key Developments
• 11.7 Denso Corporation
  • 11.7.1 Overview
  • 11.7.2 Financial Performance
  • 11.7.3 Product Outlook
  • 11.7.4 Key Developments
• 11.8 Hella KGaA Hueck & Co
  • 11.8.1 Overview
  • 11.8.2 Financial Performance
  • 11.8.3 Product Outlook
  • 11.8.4 Key Developments
• 11.9 Autoliv Inc.
  • 11.9.1 Overview
  • 11.9.2 Financial Performance
  • 11.9.3 Product Outlook
  • 11.9.4 Key Developments
• 11.10 Lockheed Martin Corporation
  • 11.10.1 Overview
  • 11.10.2 Financial Performance
  • 11.10.3 Product Outlook
  • 11.10.4 Key Developments

12 Appendix

• 12.1 Related Research