By Region, the study segments the market into North America, Europe, Asia-Pacific and Rest of the World. North America Radar Sensors for Smart City Applications market dominated in 2021 and is expected to exhibit double digit growth during the study period. This is attributed to the growing smart cities in North America. The US and Canada are at the forefront of the use of smart cities in North America. These nations' economies are stable and well-established, allowing them to make significant investments in R&D projects and contribute to the creation of new technology.
Network providers in this area are moving toward 5G infrastructure and continuously investing in enlarging and modernizing their telecom networks. This makes use of technologies like network slicing and cloud edge computing, enabling the deployment of smart cities at a low cost for strategic urban management. Furthermore, various government initiatives are driving the demand for smart cities in the region. For instance, The Smart Cities Challenge is a part of the Impact Canada Initiative of the Canadian government, which intends to mainstream and accelerate innovative projects that concentrate on achieving results that address difficult economic, environmental, and social problems.
All municipalities, local or regional governments, and Indigenous groups (First Nations, Métis, and Inuit) are welcome to participate in the Smart Cities Challenge, a national competition. The Challenge gives local governments the ability to implement a smart cities strategy to enhance the quality of life for their citizens through innovation, data, and connected technology.
The countries considered in the scope of smart doorbell market are US, Canada, Mexico, UK, Germany, France, Italy, Spain, Switzerland, Austria, Belgium, Denmark, Finland, Greece, Hungary, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Slovakia, Sweden, Romania, Ireland, China, Japan, Singapore, Malaysia, Indonesia, Philippines, South Korea, Hong Kong, Macau, Singapore, Brunei, India, Australia & New Zealand, South Africa, Egypt, Nigeria, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, Kuwait, and Oman, Brazil, Argentina, Chile, and others.
Europe Radar Sensors for Smart City Applications market accounts for the second-largest market share. The increasing urbanization, the need for efficient management of resource utilization, public safety concerns, and increasing demand for an environment with efficient energy utilization are the major driving factors for the smart cities' market growth thereby driving the demand for Radar sensors in the European Region.
The Asia-Pacific is expected to register the fastest growth during the forecast period. In many technological fields, the Asia Pacific region continues to grow quickly. Although there is now less of a smart city adoption in this region, there is significant market development potential in the next years. The quickest growth of this area in the smart cities market is being supported by factors like rapid population increase, rising economic development, and technology innovation for resource management and sustainable development.
As some of the world's most rapidly rising technology nations, countries in this area include China, India, Japan, and South Korea provide significant growth potential for market participants. Several factors are anticipated to drive the market over the projected period, including the rise in acceptance of IoT and its market applications, 5G connectivity, and the rising adoption of connected cars & autonomous drones. These factors are driving Radar Sensors in Asia-Pacific region.
