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Asia Pacific Radar Sensor Market Forecast 2027 By Type (Imaging Radar {Continuous Wave (CW) Radar, Pulse Radar}, Non-Imaging Radar {Speed Gauge, Radar Altimeter}), By Range (Short-range Radar Sensor, Medium-range Radar Sensor, Long-range Radar Sensor), By Application (Automotive, Aerospace & Defense, Industrial, Government & Public Infrastructure), Research Report, Regional Outlook (China, India, Japan, South Korea, Taiwan), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: July 2021 | Publisher: Graphical Research Report ID: GR1885 | Delivery : PDF  Request Free Sample

Asia Pacific Radar Sensor Market size crossed USD 4 billion in 2020 and is set to observe around 18% growth rate between 2021 and 2027.

The market demand is due to regional growth of aerospace and defense sector. The aerospace & defense industry is extensively adopting radar sensors for various applications such as air & terrestrial traffic control, anti-missile system, air-defense system. Rising government expenditure on military & defense budgets to strengthen the defense power will add an advantage for Asia Pacific radar sensor manufacturers. For instance, in December 2020, Japanese Cabinet announced a budget of USD 51.7 billion for the regional defense sector for FY2021. The government is more inclined to add new fighter jets and missile systems to seek counter potential threats from North Korea and China.

Asia Pacific Market, By Type

The imaging radar segment dominated over 60% Asia Pacific radar sensor market share and is projected to grow at a CAGR of 20% during the forecast period. The growth is attributed to rising adoption of imaging radars in ADAS and autonomous driving applications. The imaging radar solutions use the principle of time of flight and echolocations to enhance the detection capabilities and deliver improved performance in all weather conditions such as darkness, fog, and heavy rain. The market players are focusing on developing 4D imaging radar sensors. In December 2020, NXP Semiconductors N.V. introduced 4D imaging radar sensor that offers 360-degree safety to vehicles as well as drivers. The new sensor has applications in Level-II autonomous driving applications.

Asia Pacific Market, By Range

The long-range radar sensors held a market share of over 30% in 2019 and will expand at more than 16% CAGR till 2027. The long-range radar sensor is one of the widely used radar sensors due to its massive implementation for detection & navigation systems for Unmanned Arial Vehicles (UAV). The rising demand UAVs for surveillance and critical assessment in government, building infrastructure and construction sector will fuel the Asia Pacific radar sensor market growth.

The companies are continuously involved in new innovations to increase the sensing range and to enhance their adoption in advanced UAV systems. For example, in September 2018, Ainstein developed Ultra-Long-Range UAV radar sensor series which are capable of precision detection of more than 1,000 meters away.

Asia Pacific Market, By Country

Asia Pacific Radar Sensor Market Volume, By Country

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China radar sensor market size is poised to register 20% growth through 2027. The regional growth is attributed to rising adoption of robotics and automation in manufacturing and processes industries in the country. For instance, China accounted for the installation of 140,000 industrial robots in 2019, which were 37.6% of the total robot sales across the globe. The industrial robots are integrated with radar sensors for velocity, movement, and distance measurement applications.

Competitive Industry Landscape

Some of the major players operating in the Asia Pacific radar sensor market include Infineon Technologies AG, Veoneer Inc., Texas Instruments Incorporated, Robert Bosch GmbH, NXP Semiconductors, Analog Devices, Inc., among others.

Companies are focusing on continuous innovations and new product launches to gain a competitive edge in the market. For instance, in December 2020, Infineon Technologies AG developed autonomous 60 GHz radar sensor MMIC for motion sensing applications. The new radar is based on Antenna-in-Packaging (AiP) technology and can autonomously detect a human target up to 5 meters with low power consumption of less than 5 mW. The new product launch will enhance the company’s product offerings in the market.
 

Frequently Asked Question(FAQ) :

The market for radar sensors in Asia Pacific generated USD 4 billion in 2020 and could grow at an 18% CAGR over 2021-2027.
Imaging radar segment captured more than 60% market share in 2020 and will expand at a 20% CAGR due to increasing adoption in autonomous driving systems such as ADAS.
Long-range radar sensors captured over 30% market share in 2019 and should grow at a 16% CAGR through 2027.
The industry share for radar sensors in China could expand at a CAGR of more than 20% during the forecast period 2021-2027.

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