Radar Sensors Market - Key Country Analysis with Forecast 2023

Posted November 14, 2019 by Savnipandit

Radar Sensors Market Research Report - Global Forecast till 2025
Global Radar Sensors Market Research Report: Information by Type (Radar Detector Detectors, Radar Scrambling, and Others), by Band (HF, VHF, and HUF Bands; L, S, C, and X Bands; and Ku, K, Ka, V, and W Bands), by Application (Automotive, Traffic Monitoring, Aerospace & Defense, Industrial, Security & Surveillance, Weather Monitoring, and Others), by Component (Antenna, Duplexer, Transmitter, Receiver, Video Amplifier, and Processor), and Region—Forecast till 2025

As per a detailed analysis by Market Research Future, the global radar sensors market is predicted to garner USD 19 billion, registering a CAGR of 20% during the forecast period (2017-2023). The surging awareness regarding the passengers and safety of the vehicles is likely to contribute to the market growth. Radar sensors are considered electronic devices which helps to detect the position and the velocity of an object like ship, aircraft, and motor bike that is located at a distance. These devices can detect electromagnetic emissions with a super heterodyne receiver and notifies the person in the vehicle whenever a transmission is noticed. The GPS system is integrated into these systems which further facilitates the storage of locations prompted by the sensors.

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Market Potential and Pitfalls

With increasing applications of UAVs and drones in the defense and military applications by several economies, the use of radar sensors has increased as they are considered important components in autonomous flying drones. With the use of these sensor obstacles can be identified and it also ensures smooth navigation. Ainstein has recently declared the launch of their latest customizable radar sensors, Ultra Long-Range Ground-Based (ULGB-D1) and Ultra Long-Range Airborne (ULAB-D1) for drone applications. The mammoth demand for UAVs will augment the adoption of radar sensors in drones, which is likely to trigger the demand for radar sensors across the globe.

Segmental Analysis

The global radar sensors market has been segmented on the basis of range, type, and application.

Radar scrambling, radar detector detectors, and others form the type-segmentation of global radar sensors market.

By mode of range, the radar sensors market comprises mid-range radar, short-range radar, long-range radar and others.

The application segment comprises traffic monitoring, automotive, industrial, aerospace & defense, weather monitoring, security & surveillance, and others. Among these, the automotive segment is expanding at a rapid pace owing to the surging number of automobiles integrated with radar sensors coupled with the surging awareness regarding the safety of vehicles and the passengers.

Regional Frontiers

Geographically, the radar sensors market has been studied under regions namely, Europe, North America, Asia Pacific and the Rest-of-the-World (RoW).

Considering the global scenario, the North American region is considered one of the top regions leading the radar sensors market across the globe. The regional market is drive by the increased proliferation of smartphones, high-end defense application, consumer electronic devices, and autonomous cars. As the region is considered a pioneer in the adoption of latest technologies like smart homes, smart grid, intelligent transport & infrastructure with sensors, and smart water networks that uses the radar sensors technology, the market is likely to boost in this region. Moreover, the surging FMCW applications is gaining momentum in the region especially in short-range applications as North America has the highest expenditure on defense in the world. Such factors are estimated to promote the growth of the regional market in the foreseeable future.

Competitive Dashboard

The prominent players operating in the global radar sensors market comprises Lockheed Martin Corporation (U.S.), Robert Bosch GmbH (Germany), Saab AB (Sweden), Raytheon Company (U.S.), Delphi Automotive LLP (U.K), Northrop Grumman Corporation (U.S.) Continental AG (Germany), Hitachi, Ltd. (Japan), Denso Corporation (Japan), ZF Friedrichshafen AG (Germany), NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Airbus Group (Netherlands), and Omniradar BV (Netherlands).

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Contact Email [email protected]
Issued By Savni
Country India
Categories Aerospace , Defense
Tags Radar Sensors Market , Radar Sensors Market size , Radar Sensors Market share
Last Updated November 14, 2019