Radar Sensors Market 2021 Competitive Insights and Developments: Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive LLP

The report presents an in-depth assessment of the Radar Sensors Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Radar Sensors from 2021 till 2025. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.

The radar sensors market was valued at USD 10.32 billion in 2019, and it is expected to reach USD 22 billion by 2025, registering a CAGR of 20.04% during (2020 - 2025). 

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Radar Sensors Market: Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive LLP, Hella KGaA Hueck & Co., Infineon Technologies AG, Autoliv Inc., Lockheed Martin Corporation, NXP Semiconductors NV, Smart Microwave Sensors GmbH, InnoSenT GmbH and others.

Industry News:

- May 2019 - Researchers at Fraunhofer Institute for Laser Technology developed a coating process that enables radar sensors to be integrated with car headlights.
- April 2019 - NXP made a strategic collaboration with Hawkeye Technology limited to develop new imaging radar sensors. This will help NXP to play a bigger role in China where the growth rate of the radar in automotive is twice compared to the rest of the world.

Market Overview:

The rapidly increasing automation, such as the developments toward autonomous driving and the progression of Industry 4.0, indicates the increasing demand for presence and motion detection for enhanced safety and control.
- The security systems segment held the largest share, of USD 8.83 billion, in the market studied, followed by lighting control and energy management. These segments are expected to significantly expand over the forecast period, thus aiding the growth of the radar sensor market.
- In the medical environment, radar sensors are not yet very common. However, there is an urgent need for a system to detect vital signs, such as heartbeat or breathing, without any physical contact.

Scope of the Report
Radar sensors use frequency modulated continuous wave radar to reliability detect moving and stationary objects including car, train, bus, trucks, and cargo in extremely bad conditions. Radar-based sensors are also ideal for collision avoidance onboard mobile equipment such as reach stackers, forklifts and mining vehicles or port machineries such as carriers, handlers, and shippers.

Regional Analysis For Radar Sensors Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Market Key Trends:

Automotive Sensors to Have the Largest Growth During the Forecast Period
- The robust growth of the autonomous car market has been instrumental in driving the radar sensor market. The radar technology is driven by the New Car Assessment Program among OEMs, as they integrate these systems to complement camera devices for ADAS applications. Radars, combined with other sensors, provide enhanced information on safety and collision avoidance.
- The growth in the automotive radar sensor market is attributed mainly to the increasing AEB (automatic emergency braking) applications in the 77 GHz radar market.
- With the recent focus on safety in the US, such as the release of new federal guidance for automated vehicles- Automated Vehicles 3.0 by the NHTSA, the market potential for ADAS has been extended to mid-end cars, resulting in a production volume increase. Radar sensors are being increasingly employed by many brands, in 71% of cases for AEB. The aforementioned factors are significantly impacting the market for radar sensors.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Radar Sensors Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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