Lucintel's latest market report analyzed that radar sensor provides attractive opportunities in the commercial, government, and industrial sectors. The radar sensor market is expected to reach $14.5 billion by 2028 with a CAGR of 17.2%. In this market, non-imagine radar is the largest segment by radar type, whereas automotive is largest by application.

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Based on radar type, the radar sensor market is segmented into imaging radar and non-imaging radar. The non-imagine radar segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the increasing usage of these sensors in stop-and-go functionality, lane change assistance, blind spot recognition, and adaptive cruise control (ACC) applications.

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The Radar Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering radar sensor include Robert Bosch, Continental, Infineon Technologies, HellaKGaAHueck, Autoliv, Smart Microwave Sensors, Omniradar, Lockheed Martin, Denso, NXP Semiconductors.

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