Radar Sensors Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Radar Sensors Market is segmented By Device Type (Imaging, Non-Imaging), By Range (Medium Range, Short Range, Long Range), By End User (Automotive, Aerospace and Defense, Environment and Weather Monitoring, Industrial, ,Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned segments.

Radar Sensors Market is segmented By Device Type (Imaging, Non-Imaging), By Range (Medium Range, Short Range, Long Range), By End User (Automotive, Ae....

Radar Sensors Market Size

Market Size in USD

CAGR12.7%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	12.7%
Market Concentration	Medium
Major Players	Texas Instruments, Infineon Technologies, NXP Semiconductors, Bosch Sensortec, Qualcomm Technologies

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Radar Sensors Market Analysis

The radar sensors market is estimated to be valued at USD 14.81 Bn in 2024 and is expected to reach USD 34.28 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 12.7% from 2024 to 2031. Rising adoption of unmanned aerial vehicles and increasing defense budgets of major economies is also contributing to the growth of the radar sensors market.

Radar Sensors Market Report Snapshots

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