Radar Sensor Market Size | Global Industry Trends Report 2023

The radar sensor market to grow from USD 7.1 billion in 2017 to USD 20.6 billion by 2023, at a CAGR of 19.5% during the forecast period.
The major factors that are expected to be driving the market are increasing focus on safety and security needs in automotive application, unlocking the wideband 5G and millimeter wave–based RF system capabilities, and increasing need for border security systems. The objective of the report is to define, describe, and forecast the radar sensor market size based on technology, components, type, band, range, vertical, application and region.