Global Commercial Radars Market to Hit USD 16.2 Billion by 2035 | CAGR 7.88%

Read more about this report- Global Commercial Radars Market to Hit USD 16.2 Billion by 2035 | CAGR 7.88%

Global Commercial Radars Market is valued at USD 7.05 Billion in 2024. The market is projected to reach USD 16.2 Billion by 2035, registering a CAGR of approximately 7.88% from 2025 to 2035.

The major growth force of the commercial radar market is the increased requirement for high-quality radar systems in the automotive and aerospace arenas, and the market growth is hampered by the high expenses incurred in the integration of radar systems. The use of AI and machine learning to enhance radar signal processing and target detection is increasing, therefore providing opportunities.

Based on type, application, component, and frequency band, the market is segmented into automotive radar, marine radar, weather radar, defence, automotive, aerospace and maritime, hardware, software, X-band, S-band, and Ka-band. Of these, the vehicle radar market is the fastest-growing category, owing to the growing trends in more advanced driver-assistance systems (ADAS) and the movement towards autonomous driving, where detection of objects and collision avoidance is being sought after in technical accuracy.

Applications lie within defence, automotive, aerospace, and maritime segments, with automotive applications being fast-growing in terms of innovation via the integration of 77 GHz radar sensors to achieve greater resolution and safety features. The United States is one of the countries increasing the use of radar, based on regulatory intervention and smart traffic infrastructure spending to support self-driving vehicles.

Major geographic regions are North America, Europe, Asia-Pacific, Latin America, and MEA. China is one of the promising markets in Asia-Pacific, which has some major policy investments related to smart city services and automotive safety regulation, enhancing the pace of commercial radar demand.

The prominent industry players taking the market to the next level comprise Raytheon Technologies, Lockheed Martin, Bosch, Continental AG, and Thales Group. Their international positioning based on research, development, and the diversification of products, and collaborations within autonomous vehicle technology and defence systems are also driving the market competition and innovations.