Radar Sensor Market is expected grow at a significant rate of 19.51% in the forecast period of 2019 to 2026 due to the high adoption of sensor fusion technology is primarily driving the market growth rate.
Beside this, the increasing demand from the defense sector with militaries looking forward to replace legacy systems along with the rising focus on comfort, security, and assistance features in vehicles will produce lucrative opportunities for the growth of the radar sensor market.
Radar Sensor Market Scenario
According to Data Bridge Market Research the market for radar sensor is accelerating because of the increasing number for autonomous cars. Also the, rising AEB (automatic emergency braking) applications in the 77 GHz radar are also expected to fuel the demand of the radar sensor market over the forecast period of 2019 to 2026. Whereas, the high maintenance cost and legal issues coupled with radar detector will obstruct the growth of the radar sensor market in the above mentioned forecast period.
Now the question is which are the other regions that radar sensor market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific owing to the increased government spending to fortify weapon guidance and surveillance capabilities in countries such as India, China, and Japan within this region.
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Radar Sensor Market Development
- In February 2020, HELLA had launched its new and latest 77 GHz radar technology into series production. This 77 GHz radar technology is characterized by its high performance and range and also its compact design as well as it simplifies its incorporation into the vehicle body and allow 360 degree insight of the vehicle environment. The launch will help the company to expand its product portfolio particularly in radar technology.
Radar Sensor Market Scope
Radar sensor market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
- All country based analysis of radar sensor market is further analyzed based on maximum granularity into further segmentation. On the basis of type, radar sensor market is segmented into imaging radar and non- imaging radar. Based on band, radar sensor market consists of HF, VHF, and HUF Bands; L, S, C, and X Bands; Ku, K, Ka, V, and W Bands. On the basis of radar, radar sensor market is segmented into short-range radar sensor, medium-range radar sensor, and long-range radar sensor. Based on component, radar sensor market is segmented into transmitter, receiver, processor, antenna, and video amplifier. On the basis of technology, radar sensor market is segmented into time domain reflectometry, ultra-wideband, RF mems-based radar sensors, and millimeter wave. Based on application, radar sensor market is segmented into automotive, aerospace & defense, industrial, security & surveillance, traffic monitoring and management, environmental & weather monitoring and other applications. Based on vertical, radar sensor market is segmented into commercial, government, and industrial.
- Radar sensor is a type of an electronic device which is particularly designed to sense the position and velocity of an object which is at distance level. They are broadly used to detect vehicle speed or any object impending within the specified range as modern radar detectors use changed frequency waves that perceive numerous targets at a time.
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Key Pointers Covered in the Radar Sensor Market Industry Trends and Forecast to 2026
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Robert Bosch GmbH
- Continental AG
- DENSO CORPORATION
- HELLA GmbH & Co. KGaA
- Infineon Technologies AG
- Autoliv Inc
- Lockheed Martin Corporation
- NXP Semiconductors
- smart microwave sensors GmbH
- Oculii Corp
- SRC, Inc
- Arbe
- Echodyne
- Raytheon Company
- Saab AB
- Northrop Grumman Corporation
- ZF Friedrichshafen AG
- Hitachi, Ltd
- InnoSenT - Innovative Radar Sensor Technology
- Kestrel Radar Sensors
Above are the key players covered in the report, to know about more and exhaustive list of radar sensor companies,’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-radar-sensor-market
Research Methodology: Global Radar Sensor Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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