Radar Sensors Market Size
Market Size in USD Bn
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 and Among Others |
*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.