Press release
Radar Sensor Market Size Worth $44.4 Billion By 2026 | CAGR: 20.5% Leading Industry Players: Delphi Automotive LLP, Autoliv Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Continental AG and Others
Radar Sensor Market
The global Radar Sensor Market is anticipated to reach USD 44.4 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the non-imaging radar sensor segment accounted for the highest Radar Sensor market share in terms of revenue. North America is expected to be the leading contributor to the global Radar Sensor market revenue in 2017.
The growing military expenditure in countries such as China, U.S, and others have resulted in radar sensor market growth. The advancements in technologies and increasing need for national security would further lead to radar sensor market growth. Increasing demand for high range and enhanced radar accuracy, along with stringent security regulations supplement the growth of radar sensors market. Growing adoption of radar sensors in developing nations provide growth opportunities for the market.
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Features of radar sensors such as increased discrimination accuracy, enhanced sustainability, greater detection ranges and high reliability are propelling the growth of global radar sensor market. Furthermore, viewing the real-time data with the help of Radar through interfaces such as internet is opportunistic for the market expansion. Increasing cases of road accidents and stringent vehicle safety regulations supplement the market growth. Increasing development of self-driving and autonomous vehicles provide growth opportunities for radar sensor industry.
North America generated the highest Radar Sensor market share in terms of revenue in 2018, and is expected to lead the global Radar Sensor industry throughout the forecast period. The adoption of radar sensors is expected to increase significantly in this region owing to increasing need to offer safety and security. The increasing demand for surveillance and border monitoring also drives the radar sensor market across various countries. Market players in the global radar sensor industry are introducing highly efficient and low-cost radar sensors to cater to the growing consumer needs. These market players are also integrating advanced technologies to improve the radar systems to cater to wider audiences. Increasing safety concerns, growing military expenditure, and development of autonomous vehicles are factors encouraging market players to launch efficient radar sensors across the globe.
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Leading global players are expanding their presence in developing nations of India, China, and Japan to tap the growth opportunities offered by these countries. For instance Continental AG, a German automotive manufacturer company on November 2017 incorporated their extensive, long standing expertise in vehicle surrounding sensors into fifth generation of short and long range radar sensors. This resulted in more accurate detection of smaller objects such as a lost spare wheel or an exhaust that has fallen off. Long range radar, has maximum range of 300 m and an opening angle of ±60˚ depending on required performance. The series production of the same will start in 2019.
The well-known companies profiled in the Radar Sensor market report include Delphi Automotive LLP, Autoliv Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Continental AG, Lockheed Martin Corporation, Denso Corporation, Infineon Technologies AG, Hella KGaA Hueck & Co., and Smart Microwave Sensors GmbH. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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Polaris Market Research has segmented the Global Radar Sensor Market on the basis of Type, Range, Component, End-user, and region
Radar Sensor Market Size and Forecast, 2018-2026 by Type
• Imaging Radar Sensor
• Non-Imaging Radar Sensor
Radar Sensor Market Size and Forecast, 2018-2026 by Range
• Short-Range Radar Sensor
• Medium-Range Radar Sensor
• Long-Range Radar Sensor
Radar Sensor Market Size and Forecast, 2018-2026 by Component
• Transmitter
• Receiver
• Processor
• Antenna
• Video Amplifier
• Others
Radar Sensor Market Size and Forecast, 2018-2026 by End-User
• Aerospace & Defense
• Automotive
• Security & Surveillance
• Industrial
• Others
Radar Sensor Market Size and Forecast, 2018-2026 by Region
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Russia
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• Singapore
• Korea
• Malaysia
• Australia
• Rest of Asia-Pacific
• Latin America
• Brazil
• Mexico
• Rest of LATAM
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
Contact us-
Mr. Rohit
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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The key players covered in this study…
