Radar Sensor Market Competitive Dynamics & Global Outlook 2027 | : Banner Engineering Corp, Continental AG, Denso Corporation

The radar sensor market will be positively driven by increasing adoption in navigation, surveillance, object detection, as well as security purposes in unmanned aircraft systems (UAS) and drones. The increase in the instances of road fatalities worldwide has urged various governments to mandatorily install safety systems to enhance road security. Citing the same, the European Union in January 2020 mandated the incursion of blind spot information systems into the N2 N3 category vehicles.

Radar sensors are widely adopted in automotive safety systems like vehicle-exit assist (VEA), automatic emergency brake (AEB), blind-spot detection (BSD), adaptive cruise control (ACC), lane change assist (LCA), pre-crash warning (PCW), and autonomous technologies. They are also marking their presence in smart home devices to provide a high degree of sensitivity to detect movement as well as the location of an individual.

Get sample copy of Radar Sensors Market research report @ https://www.gminsights.com/request-sample/detail/3349

This growth is ascribed to the increasing product usage across various applications such as area monitoring, robotics, collision prevention, level transmitters, building security, and people counting. The industrial application segment in the radar sensor industry accounted for nearly 16.0 per cent of the overall market revenue in 2020 and is anticipated to grow at a remarkable CAGR of 16.5 per cent through 2027.

The surging adoption of technologies, comprising robotics and IoT, and the soaring digitalization in the industrial sector are expected to escalate radar sensor market share through the forecasted period. As per the International Federation of Robotics Reports 2020, there were nearly 2.7 million industrial robots operating across factories at the global level, accounting for an upsurge of 12 per cent as compared to the previous years.

Top Key Players Are : Banner Engineering Corp, Continental AG, Denso Corporation, HELLA GmbH & Co. KGaA, MediaTek Inc., and Texas Instruments Incorporated among others

The pulse radar segment in the radar sensor market held a substantial share of 25.5 per cent in 2020 and is projected to exhibit a considerable CAGR of 18.5 per cent through 2027. This is due to the wide incorporation of pulse radar systems in government and public infrastructure development applications. The sensors provide numerous intuitive features, comprising higher reliability and precision, as compared to non-imaging radars.

The Europe radar sensor industry accounted for an appreciable share of 19.5 per cent in 2020. The region is estimated to exhibit an appreciable CAGR of nearly 12.5 per cent through 2027. The market is driven by a surge in government initiatives for the acceleration of the defense sector by integrating technology innovations with new safety systems.

Request for Customization of this report @ https://www.gminsights.com/roc/3349

Table Of Content:

Chapter 5 Radar Sensor Market, By Type
5.1 Key trends by type
5.2 Imaging radar
5.2.1 Market estimates and forecast, 2016 – 2027
5.2.2 Continuous wave (CW) radar
5.2.2.1 Market estimates and forecast, 2016 – 2027
5.2.3 Pulse radar
5.2.3.1 Market estimates and forecast, 2016 – 2027
5.3 Non-imaging radar
5.3.1 Market estimates and forecast, 2016 – 2027
5.3.2 Speed gauge
5.3.2.1 Market estimates and forecast, 2016 – 2027
5.3.3 Radar altimeter
5.3.3.1 Market estimates and forecast, 2016 – 2027
Chapter 6 Radar Sensor Market, By Range
6.1 Key trends by range
6.2 Short-range radar sensor
6.2.1 Market estimates and forecast, 2016 – 2027
6.3 Medium-range radar sensors
6.3.1 Market estimates and forecast, 2016 – 2027
6.4 Long-range radar sensors
6.4.1 Market estimates and forecast, 2016 – 2027
Chapter 7 Radar Sensor Market, By Application
7.1 Key trends by application
7.2 Automotive
7.2.1 Market estimates and forecast, 2016 – 2027
7.3 Aerospace and defense
7.3.1 Market estimates and forecast, 2016 – 2027
7.4 Industrial
7.4.1 Market estimates and forecast, 2016 – 2027
7.5 Government and public infrastructure
7.5.1 Market estimates and forecast, 2016 – 2027
7.6 Others
7.6.1 Market estimates and forecast, 2016 – 2027

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/radar-sensor-market

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.