Global 24GHz Radar Sensors market cagr 11.60%

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24GHz Radar Sensors Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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24GHz Radar Sensors Market

24GHz Radar Sensors Market Size and Growth

The 24GHz Radar Sensors market research report indicates a steady growth due to increasing demand for smart technologies in automotive, industrial, and aerospace applications. The market size is projected to reach $1.2 billion by 2025, driven by advancements in radar technology and the rising need for improved safety and security solutions.

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Companies Covered (Covid 19 Impact Covered)

◍ Infineon

◍ Fujitsu

◍ HELLA

◍ Socionext

◍ STONKAM

◍ Veoneer

◍ Banner

◍ Huaru Technology

◍ Continental

◍ STMicroelectronics

The 24GHz Radar Sensors Market is highly competitive with key players such as Infineon, Fujitsu, HELLA, Socionext, STONKAM, Veoneer, Banner, Huaru Technology, Continental, and STMicroelectronics. These companies utilize 24GHz Radar Sensors for applications in automotive, industrial, and consumer electronics to drive market growth.

- Infineon: $9.5 billion

- Fujitsu: $35 billion

- Continental: $42.4 billion

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Market Segmentation

By Application

◍ Building and Smart Home

◍ Indoor/outdoor Lighting

◍ UAV/multicopter

◍ Automotive

◍ Other

By Product

◍ Microwave

◍ Millimeter Wave

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Market Growth

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$ 3.30 Billion

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