The global Radar Sensors for IoT Market was valued at 2046 million in 2024 and is projected to reach US$ 3168 million by 2031, at a CAGR of 6.6% during the forecast period.
Radar Sensors for IoT Market OverviewRadar Sensors for IoT are used in motion detection triggering systems such as indoor and outdoor lighting solutions, automatic doors, camera and security systems, or smart home devices. Additionally, object detection can be ensured through the application of radar sensor and motion sensor ICs, since they can determine the direction of a moving object, speed of an object, distance, and depending on the antenna configuration, even the position of a moving object.
According to our research, the number of global connected IoT devices was about 14 billion, grew by 18% compared to 2021. The data released by the Office of the Central Cyberspace Affairs Commission shows that, by the end of 2022, China has built and opened a total of 2.3 million 5G base stations. 110 cities across the country have reached the gigabit city construction standards. Gigabit optical network has the ability to cover more than 500 million households. IPv6 scale deployment application is deeply promoted. The number of active users exceeds 700 million, mobile network IPv6 traffic accounted for nearly 50%. The total size of China”s data center racks exceeds 6.5 million standard racks, with an average annual growth rate of more than 30% in the past five years.
We have surveyed the Radar Sensors for IoT manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks
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Radar Sensors for IoT Key Market Trends :- Growing Adoption in Smart Homes and Cities
- Radar sensors are increasingly being integrated into smart homes and city infrastructure, enhancing automation, security, and energy efficiency.
- Advancements in 5G and IoT Connectivity
- The rapid expansion of 5G networks is improving IoT device connectivity, enabling faster data transmission and better performance of radar sensors.
- Increasing Demand for Industrial Automation
- Industries are adopting radar sensors for automation, robotics, and predictive maintenance, driving market growth.
- Rising Popularity of mmWave Radar Sensors
- The demand for 60GHz and 77GHz radar sensors is growing due to their high accuracy in motion detection and object tracking.
- Expansion of AI and Machine Learning Integration
- AI-powered radar sensors are enhancing precision, reducing false alarms, and optimizing IoT applications across various sectors.
Global Radar Sensors for IoT market, by Type, 2020-2025, 2026-2031 ($ millions) & (K Units)
Global Radar Sensors for IoT market segment percentages, by Type, 2024 (%)
- 24GHz Radar Sensors
- 60GHz Radar Sensors
- 77GHz Radar Sensors
- Others
Global Radar Sensors for IoT market, by Application, 2020-2025, 2026-2031 ($ Millions) & (K Units)
Global Radar Sensors for IoT market segment percentages, by Application, 2024 (%)
- Industrial Applications
- Home Applications
- Consumer Applications
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Radar Sensors for IoT revenues in global market, 2020-2025 (estimated), ($ millions)
- Key companies Radar Sensors for IoT revenues share in global market, 2024 (%)
- Key companies Radar Sensors for IoT sales in global market, 2020-2025 (estimated), (K Units)
- Key companies Radar Sensors for IoT sales share in global market, 2024 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Infineon Technologies
- Fujitsu
- Socionext Inc.
- Texas Instruments
- HELLA (FORVIA)
- NXP Semiconductors
- Continental
- Veoneer
- Banner
- Robert Bosch GmbH
- NOVELIC
- STMicroelectronics
- Eravant
- MediaTek
- Intelliport
- OmniPreSense
- Baumer
- Shanghai AirTouch Intelligent Technology
- SGR Semiconductors Inc
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Q: What are the key driving factors and opportunities in the Radar Sensors for IoT market?
A: The key drivers include the rapid growth of IoT devices, advancements in 5G networks, and increasing demand for security and automation. Opportunities exist in smart cities, healthcare monitoring, and autonomous vehicles.
Q: Which region is projected to have the largest market share?
A: Asia-Pacific, led by China, Japan, and South Korea, is expected to dominate the market due to extensive 5G deployment, industrial automation, and growing smart home adoption.
Q: Who are the top players in the global Radar Sensors for IoT market?
A: Leading companies include Infineon Technologies, Texas Instruments, NXP Semiconductors, Analog Devices, and Bosch, known for their advanced radar sensor solutions.
Q: What are the latest technological advancements in the industry?
A: Innovations include AI-integrated radar sensors, improved mmWave radar technology (60GHz & 77GHz), and enhanced connectivity through 5G and cloud-based IoT solutions.
Q: What is the current size of the global Radar Sensors for IoT market?
A: The market was valued at $2,046 million in 2024 and is expected to reach $3,168 million by 2031, growing at a CAGR of 6.6%.