The radar sensor market is projected to foresee commendable growth owing to increasing government initiatives to consolidate the manufacturing sector, rising adoption of surveillance cameras and building monitoring systems across government sector, and rising product demand from the military sector.
The radar sensor measures velocity, movements, and distances. It uses FMCW (frequency modulated continuous wave) radar to constantly detect stationary or moving targets.
This makes them perfect for driver assistance and collision avoidance. The targets, here can be anything, including insects, astronomical bodies, birds, ships, spacecraft, aircraft, and automotive vehicles among others. In addition to seeing the velocity and location of the target, it also attains their size and shape.
In comparison to laser distance and ultrasonic sensors, radar type of sensors is also capable of detecting objects through materials like plastic. This means that these sensors could be unnoticeably integrated into relevant applications. Subsequently, this powerful technology is impervious to wind, dirt, heat, steam, snow, dust, and rain.
The radar sensor market is segmented in terms of type, range, application, and regional landscape.
With respect to type, the market for radar sensor is categorized into non-imaging radar and imaging radar. The non-imaging radar segment is further classified into radar altimeter and speed gauge. Radar altimeter segment is set to witness 12.0% market growth by the end of 2027. The growth is majorly ascribed to its rising adoption from civil aircraft and military sector in order to support critical safety functions.
Based on range, the radar sensor market is classified into long range, medium-range, and short-range. Here, the medium-range segment is likely to witness 5.5% market growth by the end of the analysis timeline. Increasing product adoption in VCSEL-based transceivers used for low cost networking will augment the segmental growth. Additionally, in automotive application, mid-range radar utilizes an elevation antenna to form an extra upward elevation beam. The sensors in this can detect objects up to 80 meters.
In terms of application, the overall radar sensor market is bifurcated into government & public infrastructure, industrial, aerospace & defense, automotive, and others. Government & public infrastructure segment will witness 7.5% market growth by the end of 2027. This anticipated growth is ascribed to the rising adoption of surveillance cameras and building monitoring systems.
From a regional frame of reference, in 2020, Latin America accounted a market share of around 9.5% and is expected to witness robust growth over the coming time period. This estimated growth is ascribed to the growing government initiative to accelerate manufacturing sector in the region.