Report Details:
15 Companies Covered
100 Pages
Radar Sensors Market Highlights
Radar Sensor Market size is projected to reach USD 31.30 Billion by 2030, to register a CAGR of 14.5% from 2021 to 2030.The study reveals that radar sensors is trending in North America region. The radar sensors demand are growing very rapidly in automotive sector. The automotive systems are integrated with radar sensor techniques which can measure the multiple target range with high accuracy. The real time traffic situations used for parking aid, stop & go, pre-crash detection and blind spot applications. Moreover, the advanced radar sensors can be used for electronically scanning array for future applications such as airborne applications, military applications and others.
In North America region, the radar sensors has been growing exponentially in last five years. The advanced radar sensor used for various outdoor and indoor applications for non-contact detection of objects. These advanced sensors are integrated with high resolution algorithm that improves the detection including road boundaries. Similarly, these sensors are widely used by aerospace and defense due to its larger wave-length which helps to deliver an optimum result in fog and dust.
The global radar sensors market is growing rapidly over ~20 % of CAGR and is expected to reach at USD ~ 19 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Radar Sensors Market Research Report -Forecast to 2023”.
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Global Radar Sensors Market SegmentationThe global radar sensors market are bifurcated into type, range, applications and region. The type includes radar detector detectors, radar scrambling and others. The range includes short-range radar, mid-range radar, long-range radar and others. The applications includes automotive, traffic monitoring, aerospace and defense, industrial, security and surveillance, weather monitoring and others. The region includes North America, Europe, Asia Pacific and rest of the world
The prominent players in the global radar sensors market – Robert Bosch GmbH (Germany), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Saab AB (Sweden), Northrop Grumman Corporation (U.S.) Delphi Automotive LLP (U.K), Hitachi, Ltd. (Japan), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Omniradar BV (Netherlands), and Airbus Group (Netherlands) among others.
Market Research Analysis:On geographic basis, global Radar sensors market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the radar sensors market as these sensors are widely used for scanning, detecting, and collecting the information about objects by using advanced virtual 3D audio rendering techniques. In this market, Europe is to be estimated to be the second largest market share for Radar sensors during the forecast period.
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