Radar Sensor Market

The radar sensor market consists of electronic devices that utilize radio waves to detect objects and measure their distance, speed, and angle. Primary customers are in the automotive industry for advanced driver assistance systems (ADAS), alongside the aerospace, defense, security, and industrial sectors for applications in traffic management and smart infrastructure. Key growth is propelled by the increasing integration of ADAS in vehicles, stricter government safety regulations, and technological advancements that are making sensors smaller and more cost-effective.

CAGR

17.4%

Compound Annual Growth Rate

Current Value

$28.9B

Estimated 2026

Projected Value

$104.2B

By 2034

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