Global Radar Sensor Market was valued US$ XX Bn in 2019 and is expected to reach XX Bn by 2027, at a CAGR of 19.80 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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A radar sensor is an electronic device, which detects the velocity and position of an object positioned at a distance like an aircraft, ship, vehicle, or motorbike.
An increase in territorial conflicts in numerous regions, rising focus on comfort and safety, geopolitical instabilities, increasing adoption of the radar sensor in defense sector where militaries look forward to switching legacy systems are some of the prominent driving factors behind the growth of the global radar sensor market. Additionally, one of the key factors, which is positively affecting the growth of the radar sensor market is the huge investments by governments across the globe owing to growing disputes, regional unrest, and terrorism. Furthermore, the eminence approach of a driverless car is an excellent opportunity for radar sensors, which is expected to contribute significant growth in the global radar sensor market.On the other hand, the requirement of huge development cost is limiting the growth of the global radar sensor market
The non-imaging sensors market segment is expected to share significant growth in the global radar sensor market. These sensors include speed gauges and radar altimeters. The growing adoption of the non-imaging radar sensors in the many application areas like satellites, automotive, and traffic management is expected to increase demand for the non-imaging sensors. With an increasing presence of strict regulations associated with the safety of automobiles, the integration of non-imaging sensors in vehicles is expected to grow during the forecast period.
The long-range radar segment is projected to grow at a XX % rate of CAGR during the global radar sensor market. The automotive long-range radar functions at 77 GHz to contact blind areas in front of the automobile. This sensor delivers information about the traffic situation in front of the vehicle, which helps to react to altered traffic conditions. This radar is the essential part of the ACC with active brake assist.
Aerospace and Defence segment is expected to contribute a significant share in the global radar sensor market. The growing use of drones is one of the critical reasons, which will drive radar sensors market growth. Huge investments in military and defense, unmanned aircraft like autonomous drones or UAVs are expected to boost market growth. They are also preferred over other aircraft for aerial strikes and surveillance.
North America is estimated to hold a dominant position in the global radar sensor market is projected to lead the radar sensor industry during the forecast period. The adoption of radar sensors is increasing significantly in the region owing to a growing need to offer safety and security. The rising demand for surveillance and border monitoring also boosts the radar sensor market across various countries in the region. Furthermore, the Europe region is expected to contribute a significant share in the global radar sensors market. The growth in the market is attributed to the increase in the radar sensors demand to owing to the introduction of autonomous vehicles in the region.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analysing the market segments and, project the Global Radar Sensor Market. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Radar Sensor Market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
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Global Radar Sensor Market, By Type
• Imaging Radar
• CW Radar
• Pulse Radar
• Non-imaging Radar
• Speed Gauge
Global Radar Sensor Market, By Technology
• Time Domain Reflectometry (TDR)
• Ultra-Wideband (UWB)
• RF MEMS-based radar sensors
• Millimeter wave
Global Radar Sensor Market, By Component
• Video Amplifier
Global Radar Sensor Market, By Band
• HF, VHF, and UHF Bands
• L, S, C, and X Bands
• Ku, K, Ka, V, and W Bands
Global Radar Sensor Market, By Range
• Short-Range Radar
• Mid-Range Radar
• Long-Range Radar
Global Radar Sensor Market, By Application
• Aerospace and Defence
• Security and Surveillance
• Traffic Monitoring and Management
• Environmental and Weather Monitoring
Global Radar Sensor Market, By Vertical
• Commercial Sector
• Government Sector
• Industrial Sector
Global Radar Sensor Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Radar Sensor Market
• Robert Bosch GmbH
• Continental AG
• Denso Corporation
• ZF Friedrichshafen AG
• Airbus Group
• Delphi Automotive LLP
• Hella KGaA Hueck & Co
• Infineon Technologies AG
• Autoliv Inc.
• Hitachi, Ltd.
• Lockheed Martin Corporation
• NXP Semiconductors N.V.
• Smart Microwave Sensors GmbH
• Start-Up Ecosystem
• Echodyne, Inc.
• Omniradar B.V.
• Oculli Corporation
• Northrop Grumman Corporation
• Gryphon Sensors
• Saab AB
• Arbe Robotics
• Raytheon Company
This Report Is Submitted By : Maximize Market Research Company
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