Press release
Radar Sensors Market is growing rapidly over 20 % of CAGR and is expected to reach at USD 19 Billion by 2023
The study reveals that radar sensors are trending in North America region. The radar sensors demands are growing very rapidly in automotive sector. The automotive systems are integrated with radar sensor techniques which can measure the multiple target range with high accuracy. The real time traffic situations used for parking aid, stop & go, pre-crash detection and blind spot applications. Moreover, the advanced radar sensors can be used for electronically scanning array for future applications such as airborne applications, military applications and others.
In North America region, the radar sensors have been growing exponentially in last five years. The advanced radar sensor used for various outdoor and indoor applications for non-contact detection of objects. These advanced sensors are integrated with high resolution algorithm that improves the detection including road boundaries. Similarly, these sensors are widely used by aerospace and defense due to its larger wave-length which helps to deliver an optimum result in fog and dust.
The global radar sensors market is growing rapidly over 20 % of CAGR and is expected to reach at USD 19 Billion by the end of forecast period.
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Prominent Players In The Global Radar Sensors Market
• 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),
• Airbus Group (Netherlands)
Global Radar Sensors Market Segmentation
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
Market Research Analysis:
On geographic basis, global Radar sensors market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the radar sensors market as these sensors are widely used for scanning, detecting, and collecting the information about objects by using advanced virtual 3D audio rendering techniques. In this market, Europe is to be estimated to be the second largest market share for Radar sensors during the forecast period.
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Table of Content
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
5. Market Factor Analysis
Continued……
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