Press release
Radar Sensor Market Will Hit At A Strong CAGR Of 19.51% in 2019-2026| Robert Bosch GmbH., Continental AG, DENSO CORPORATION, Infineon Technologies AG
Radar Sensor Market
A few of the major competitors currently working in the global radar sensor market are Robert Bosch GmbH.; Continental AG; DENSO CORPORATION.; HELLA GmbH & Co. KGaA; Infineon Technologies AG; Autoliv Inc.; Lockheed Martin Corporation; NXP Semiconductors.; smart microwave sensors GmbH; Oculii Corp; SRC, Inc.; Arbe; Echodyne; Raytheon Company.; Saab AB; Northrop Grumman Corporation; ZF Friedrichshafen AG; Hitachi, Ltd.; InnoSenT - Innovative Radar Sensor Technology; Kestrel Radar Sensors; among others.
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Market Analysis:
Global radar sensor market is set to witness a healthy CAGR of 19.51% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising military spending and increasing acceptance of advanced driver assistance systems and driverless concepts in the automotive sector are the factor for the market growth.
Market Definition:
Radar sensor is an electronic device which is specially designed to detect the position and velocity of an object which is at distance level. They are widely used to detect vehicle speed or any object approaching within the specified range as modern radar detectors use modulated frequency waves that detect multiple targets at a time. They have the sensing range upto 40 meters and are also widely used for collision avoidance in port machines, mining vehicles, and forklifts because they can detect any object that falls within the detection cones. They are widely used in application such as environment & weather monitoring, automotive, industrial, security, and aerospace & defence
Market Drivers:
Increasing demand for safety & security in automotive sector will enhance the market growth
Rising popularity for boarder security system also acts as a market driver
Growing number for autonomous cars is another factor enhancing this market growth
Increasing adoption of sensor fusion technology will also contribute as a factor for the market growth
Market Restraints:
High maintenance cost will hamper the market growth
Legal issues associated with radar detector acts as a restricting factor
Download Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-radar-sensor-market
Segmentation: Global Radar Sensor Market
By Type
Imaging Radar
Continuous Wave (CW) Radar
Unmodulated CW Radar
Modulated CW Radar
Pulse Radar
Doppler Radar
MTI Radar
Non- Imaging Radar
Speed Gauge
Radar Altimeter
By Band
HF, VHF, and HUF Bands
HF and VHF Band
HUF-Band
L, S, C, and X Bands
L-Band
S-Band
C-Band
X-Band
Ku, K, Ka, V, and W Bands
Ku-Band
K-Band
Ka-Band
V-Band
W-Band
By Range
Short-Range Radar Sensor
Medium-Range Radar Sensor
Long-Range Radar Sensor
By Component
Transmitter
Receiver
Processor
Antenna
Video Amplifier
By Technology
Time Domain Reflectometry
Ultra-Wideband
RF MEMS-based Radar Sensors
Millimeter Wave
By Application
Automotive
Collision Avoidance System
Blind Spot Detection
Adaptive Cruise Control
Lane Departure Warning System
Object Detection System
Stop-&-Go Functionality
Aerospace & Defense
Ground Based
Naval Based
Airborne Based
Space Based
Industrial
Machine Safeguarding Area
Collision Protection
Industrial Robot
Measuring Working Environment
Mine Inspection
Tunnel Wall Inspection
Locating Underground Pipes
Security & Surveillance
Access Control System
Perimeter Security
Transportation
Commercial Facilities
Traffic Monitoring and Management
Traffic Flow Analysis
Traffic Light Control
Traffic Classification
Distance Measuring Equipment
Air Traffic Control (ATC) Radar
Ground Control Approach (GTC) Radar
Environmental & Weather Monitoring
Weather Surveillance Radar System
Weather and Planetary Observation
Other Applications
Healthcare
Agriculture
Smart Electronics Devices
By Vertical
Commercial
Government
Industrial
By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Market:
In October 2019, Socionext Inc. announced the launch of their new advanced radar sensors SC1230 Series which has the ability to detect the location and motion of the person. This new system is cost- effective, consumes less energy and is highly sensitive. This series consist of two products the SC1232AR3 and the SC1233AR3. The business plans to extend the use of services for home appliances as well as mobile devices and industrial equipment
In May 2017, ZF Friedrichshafen AG announced that they have acquires 45% stake of Astyx Communication & Sensors GmbH which will help the company to enhance their advanced autonomous technologies. This investment in radar technology will be beneficial for the company as it will allow them to integrate new and advanced technologies in the future cars
Competitive Analysis
Global radar sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of radar sensor market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved
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