Radar Sensors for Smart City Applications Market Size was valued at USD 242.3 Million in 2022. The Radar Sensors for Smart City Applications Market industry is projected to grow USD 723.2 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 11.70% during the forecast period (2024 - 2032). Government initiatives towards smart cities infrastructure and Privacy concerns associated with cameras propelling the demand for radar sensors.
Due to urbanization and population growth, a sustainable structure has become essential for market expansion. With the help of smart city projects, several regional governments are attempting to address these issues in areas including management, mobility, utilities, safety, and safety. Additionally, local governments have been at the forefront of encouraging institutional and organizational changes, facilitating steady investment, and establishing a consortium for uniting various businesses. The growth of the smart city is also responsible for a specific development, the formation of a new genre of public-private partnerships. The market for smart cities is also being significantly fueled by finance and funding methods for infrastructure development as well as governance frameworks. Thus, government initiatives towards smart cities infrastructure drive the demand for radar sensors market.
The outbreak of COVID-19 has caused widespread concern and economic hardships for consumers, businesses, and communities across the globe. COVID-19 has had a significant impact on the semiconductor sector, affecting the supply of raw materials, disrupting the electronics value chain, and increasing focus on evaluating and de-risking the end-to-end value chain. Most of the manufacturing giants were focused on giving utmost priority to public health and have made significant changes in the working lifestyle of their employees, thereby accelerating the adoption of remote working culture. The industry had taken rigorous actions to promote work from home, coordinated with government advisories, to keep the working personnel safe, which is expected to have a significant impact on the market.
Russia's invasion of Ukraine and the ongoing effects of the pandemic had a negative and unclear impact on the world economy. Many of the downside risks mentioned in the April World Economic Outlook have started to manifest. The world's financial conditions have become more rigid due to higher-than-expected inflation, particularly in the United States and major European nations. With COVID-19 outbreaks and lockdowns, China's recession has been greater than expected, and the conflict in Ukraine has had further detrimental effects.
The Radar Sensors for Smart City Applications market segmentation, based on Type, includes Ground Radar Sensors and Overhead Radar Sensors. The Ground Radar Sensors for Smart City Applications segment held the majority share in 2021 in terms of revenue. The demand is increasing because of the benefits that Ground Radar Sensors provide in terms of economically sustainable planning of ordinary and extraordinary maintenance interventions; situational awareness of potential risk factors with a view to a reliable early warning; and improvement of community security, particularly in public environments, the use of monitoring and surveillance technologies is now acknowledged as a reliable option of the overall management cycle of smart cities.
The Radar Sensors for Smart City Applications market segmentation, based on frequency, includes 24 GHz, 10.5 GHz, and Others. 24GHz is expected to grow at a significant CAGR rate during the projected period. Many connected IoT products, including smart security cameras, air quality monitors, video doorbells, smart lighting, video conferencing systems, dashcams, and a wide range of contemporary appliances and electronics, now have 24GHz RADAR Sensors. Unlike traditional sensing technologies, RADAR technology offers many specific benefits for locating objects, sounds, and delivering data rapidly for processing.
This smart sensor has the ability to accurately detect an object's distance while simultaneously recognizing and following the object's movement in real time. The linked gadget uses the data from the RADAR to detect when an object is close enough to automatically alert the homeowner and instruct the built-in camera to start recording video. The RADAR sensing capabilities, together with functions like picture identification and data analysis, are what cause this series of occurrences.
January 2020: InnoSenT GmbH is launching a new radar solution for motion detection. The IMD-2000 reliably detects the movements of persons and objects and thus enables automatic control, as required, for industrial applications. For the first time, the motion detector provides both speed and distance information. This is an important modification to the motion detector’s function, as it makes it easier to tailor the detection function to the specific application.
The Radar Sensors for Smart City Applications market data has been bifurcated by Application into Traffic Monitoring and Pedestrian (Crowd) Monitoring. Traffic Monitoring holds a largest market share during 2021. The smart city concept entails the use of numerous sensors to collect and digitize data. Traffic and pedestrian counts are two of the most important data sources. Officials can utilize this information for general city planning or for real-time traffic control. Intelligent Transportation System (ITS) refers to the systems that collect such data and control city lights.
Street cameras (direct measurement) and in-car sensors, as well as smartphones, are the most prevalent sources of traffic data (indirect measurement). The widespread use of cameras raises legitimate privacy concerns: cameras can be utilized as a surveillance device. Indirect measurements are inaccurate and create significant (up to a few minutes) data lag, particularly when dealing with traffic data.
Radars can relieve these worries. Despite reliable data, these sensors are unable to identify a person or a vehicle. Radars can provide dependable data for intelligent transportation systems, traffic lights, and intelligent streetlights. Thus, the demand for Radars Sensors is driving the market in Traffic monitoring and Pedestrian (Crowd) Monitoring.
December 2021: In the latest report funded by the National Institute for Transportation and Communities (NITC), Development of Intelligent Multimodal Traffic Monitoring using Radar Sensor at Intersections, researchers Siyang Cao, Yao-jan Wu, Feng Jin and Xiaofeng Li of the University of Arizona have tackled the issue by developing a high-resolution radar sensor that can reliably distinguish between cars and pedestrians. This sensor also supplies the counts, speed, and direction of each moving target, no matter what the lighting and weather are like. In the future, they plan to further refine their model to interpret more complex data and be able to identify additional modes.
By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. North America Radar Sensors for Smart City Applications market dominated in 2021 and is expected to exhibit double digit growth during the study period. This is attributed to the growing smart cities in North America. The US and Canada are at the forefront of the use of smart cities in North America. These nations' economies are stable and well-established, allowing them to make significant investments in R&D projects and contribute to the creation of new technology. Network providers in this area are moving toward 5G infrastructure and continuously investing in enlarging and modernizing their telecom networks. This makes use of technologies like network slicing and cloud edge computing, enabling the deployment of smart cities at a low cost for strategic urban management. Furthermore, various government initiatives are driving the demand for smart cities in the region. For instance, The Smart Cities Challenge is a part of the Impact Canada Initiative of the Canadian government, which intends to mainstream and accelerate innovative projects that concentrate on achieving results that address difficult economic, environmental, and social problems. All municipalities, local or regional governments, and Indigenous groups (First Nations, Métis, and Inuit) are welcome to participate in the Smart Cities Challenge, a national competition. The Challenge gives local governments the ability to implement a smart cities strategy to enhance the quality of life for their citizens through innovation, data, and connected technology.
The countries considered in the scope of smart doorbell market are US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
Europe Radar Sensors for Smart City Applications market accounts for the second-largest market share. The increasing urbanization, the need for efficient management of resource utilization, public safety concerns, and increasing demand for an environment with efficient energy utilization are the major driving factors for the smart cities' market growth thereby driving the demand for Radar sensors in the European Region.
The Asia-Pacific is expected to register the fastest growth during the forecast period. In many technological fields, the Asia Pacific region continues to grow quickly. Although there is now less of a smart city adoption in this region, there is significant market development potential in the next years. The quickest growth of this area in the smart cities market is being supported by factors like rapid population increase, rising economic development, and technology innovation for resource management and sustainable development. As some of the world's most rapidly rising technology nations, countries in this area include China, India, Japan, and South Korea provide significant growth potential for market participants. Several factors are anticipated to drive the market over the projected period, including the rise in acceptance of IoT and its market applications, 5G connectivity, and the rising adoption of connected cars & autonomous drones. These factors are driving Radar Sensors in Asia-Pacific region.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Radar Sensors for Smart City Applications market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Radar Sensors for Smart City Applications industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the Radar Sensors for Smart City Applications industry to benefit clients and expand the Radar Sensors for Smart City Applications market sector is to manufacture locally to reduce operating costs.
In 2019, Socionext Inc., a key supplier of cutting-edge SoC solutions for numerous applications, has unveiled a new line of radio-wave ranging sensors for smart homes and other Internet of Thing’s gadgets. The first quarter of 2020 is when volume production of the SC1230 Series is expected to begin. This series can detect the location and movement of people with high sensitivity, low power consumption, and low cost. The new SC1230 Series is a new line-up of radar sensor goods that has great sensitivity for detecting the whereabouts and movement of people without taking pictures or recording audio. They are very helpful in managing privacy concerns while also creating new services and functionalities based on data about "human behaviour.
August 2022: A South Korean firm called Bitsensing creates cutting-edge radar sensing solutions for a connected and intelligent world. Offerings span the automotive, smart city, and healthcare industries. It also has a cooperation with a major automaker to jointly develop a 4D imaging radar solution that is anticipated to hit the market this year. Additionally, the business has partnered with Nvidia and Infineon, two major worldwide chipmakers. Hospitals and local governments are among its customers for wellness and smart infrastructure. It intends to break into the international market and will utilise CES 2023 as a platform to present its goods.
By joining Nvidia's Metropolis Partner Program, an application framework that assists businesses, governments, and integration partners in using top-tier AI-enabled solutions, Bitsenging has increased its relationship with the company. It is a participant in the NVIDIA Inception initiative, which creates intelligent traffic control systems. It participates in Thailand's Plug and Play Initiative, which links early-stage investors and startups to develop fresh smart city solutions, as part of its business operations in South East Asia.
July 2021: Smart cities have been projected to provide USD 20 trillion in economic benefits by 2026. Support for this is coming through funding being made available for smart city-based projects, including green (programs that reduce fuel consumption and vehicle emissions, for example), transit, and CAV initiatives, all of which help ensure a shared reusability and return on investment for these infrastructure devices. Moving forward, the most important investment will be in the information-based technologies and solutions that sense, aggregate, transmit, and share traffic data. Data is becoming increasingly vital.
| Report Attribute/Metric | Details |
| Market Size 2032 | USD 723.2 Million |
| Compound Annual Growth Rate (CAGR) | 11.70% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2018 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Frequency, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Yunex Traffic, Kymati GmbH, Icoms Detections S.A., AGD Systems, Navtech Radar, Image Sensing Systems Inc. (ISS), Invisens Staal Technologies BV, Smart City NZ, smart microwave sensors GmbH, Innovative Radar Sensor Technology, SCAE spa, and Sensmax. |
| Key Market Opportunities | Technological advancements in the radar sensors Developments of high-resolution radar sensors that can track multiple objects |
| Key Market Dynamics | Government initiatives towards smart cities infrastructure Privacy concerns associated with cameras propelling the demand for radar sensors Advantages of radar sensors such as long-range detection, distance and velocity detection, and weather-proof features Rising importance of data for effective operations of smart cities Increasing population and urbanization propelling the demand for advanced technologies |
Radar Sensors for Smart City Applications Market Highlights:
Frequently Asked Questions (FAQ) :
A 11.70% CAGR is expected to transform the market.
North America regional market is projected to be the major driver of the market.
Yunex Traffic, Kymati GmbH, Icoms Detections S.A., AGD Systems, Navtech Radar, Image Sensing Systems Inc. (ISS), and Invisens are the key players in the market.
The segments in the market are Current Type, Frequency, Applications, and region.
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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