Press release
Radar Sensor Market - Global Industry Forecast 2019 - 2023 Based on top market leaders like Robert Bosch GmbH (Germany), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), Saab AB (Sweden)
Radar Sensors Market
Market Synopsis of Global Radar Sensors Market:
The prominent companies such as Raytheon Company (US), Northrop Grumman Corporation (US) Delphi Automotive LLP (UK), Hitachi, Ltd. (Japan), Robert Bosch GmbH (Germany), are the largest contributors in the manufacturing of radar sensors.
In 2017, Denso Corporation has developed 24-GHz band sub-millimeter-wave radar sensor and side radar sensors. It is used for enhancing vehicle safety systems. It enables the driver to identify and navigate other vehicles with the help of sensing direction and range of the sub millimeter-wave radar sensor.
The radar sensor is growing exponentially due to the uses of frequency modulated continuous wave which enables to detect different kinds of targets. These targets can either be moving or stationary such as cars, trains, trucks and others.
The radar sensors are ideal for collision detection, level gauging, anti-collision, surveillance and security. This technology is widely being used in North America region, for weather monitoring, security and surveillance and other purposes.
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The 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 regional analysis of radar sensors market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in radar sensors market.
The radar sensors market in Europe region is expected to witness rapid growth in the forthcoming period due to the major companies Sick AG (Germany), Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), are introducing new radar sensors in the market. For instance, in 2014, Robert Bosch GmbH (Germany) has introduced new mid-range radar sensor, stereo-video sensor.
Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for radar sensors market and expected to be the highest CAGR in the coming years.
The global radar sensors market is expected to grow at USD ~19 Billion by 2023, at ~20% of CAGR between 2017 and 2023.
Key Players:
The prominent players in the global radar sensors market are – 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.
Intended Audience:
Sensor Manufacturers
Technology Providers
Original Equipment Manufacturers
Equipment distributors and suppliers
Research and development companies
Market research and consulting firms
Technology standards organizations
Technology investors
System Integrators
TABLE OF CONTENTS:
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE:
1.3.1 GLOBAL RADAR SENSORS MARKET: BY TYPE
1.3.2 GLOBAL RADAR SENSORS MARKET: BY RANGE
1.3.3 GLOBAL RADAR SENSORS MARKET: BY APPLICATIONS
1.3.4 GLOBAL RADAR SENSORS MARKET: BY REGION
2 RESEARCH METHODOLOGY
2.1 RESEARCH
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
4 EXECUTIVE SUMMARY
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