The Radar Sensor Market is expected to grow from USD 11.7 billion in 2020 to USD 22 billion by 2026 at a CAGR of 13.45% from 2020 to 2026.
A radar sensor is an electronic device which detects the velocity and location of an object situated at a distance such as ship, aircraft, vehicle, or motorbike. Radar sensors discover electromagnetic emissions with the help of a superheterodyne receiver then it informs the person in the vehicle when the transmission is identified. Currently, the GPS technology is incorporated into these sensors which offer the storage of locations prompted by the sensor when the user reaches their destination. Rising focus on safety and security requirements in automotive applications is the key propelling factor of the radar sensor market growth. Currently, the technology has become more advanced and majorly focuses on safety and security requirements in several applications such as vehicle collision assistance, industrial and public safety and robotic assistance. Therefore, radar sensors are used as they offer precision and provide distinct safety and security solution capabilities with superior performance. These radar sensors allow low-power consumption, small size, integrated data processing, and quicker response time. These characteristics make radar sensors commercial in applications such as transportation, automotive, home automation, energy efficiency, industrial and public safety. In an automotive application, the key role of the radar sensors is in blind-spot detection, collision avoidance systems, adaptive cruise control, advanced driver assistance system and lane departure warning system. Technological advances allow proactive safety features such as collision mitigation systems and vulnerable road user detection. To offer crucial functions for the safety of a car, the system must determine more precisely between the objects on the roads. Therefore, the system needs more bandwidth and narrowband frequency ranges in the 24GHz and 76 GHz bands. Apart from this, the huge maintenance cost of radar sensor installed in cars is one of the key factors which impede the market growth.
Furthermore, there has been a shift of global power towards Asia Pacific, in terms of economy, which has an unchanging impact on military spending. This is majorly owing to the swiftly growing economy and an increase in military spending in countries such as India, China and South Korea. China is the key driving force in APAC; its robust economic stability and contribution toward military spending make China the second-largest defense spender worldwide. With the development of China and its recent authoritative behavior, neighboring countries such as India, Vietnam, the Philippines, and Japan are emphasizing on empowering their military power which consequently creating opportunities for the market growth.
The global Radar Sensor Market is segregated on the basis of Band as L, S, C, and X Bands, Ku, K, Ka, V, and W Bands and HF, VHF, and UHF Bands. Based on Range the global Radar Sensor Market is segmented in Short-Range Radar, Mid-Range Radar and Long-Range Radar. Based on Type the global Radar Sensor Market is segmented in Speed Gauge, Altimeter, Imaging Radar, CW Radar, Pulse Radar and Non-imaging Radar. Based on Vertical the global Radar Sensor Market is segmented in Traffic Monitoring and Management, Environmental and Weather Monitoring, Industrial, Automotive, Aerospace and Defense, Security and Surveillance, Commercial and Others.
The global Radar Sensor Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Radar Sensor Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
The global Radar Sensor Market has been segmented as below:
Radar Sensor Market, By Band
Radar Sensor Market, By Range
Radar Sensor Market, By Type
Radar Sensor Market, By Vertical
Radar Sensor Market, By Region
Radar Sensor Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Radar Sensor Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Radar Sensor Market share. Major industry players with significant revenue share include Continental AG, NXP Semiconductors, Saffron Electronics and Defense, Robert Bosch GmbH, ZF Friedrichshafen AG and others.
Why to Buy this Report:
Target Audience:
Free and Paid Customization based on the requirement
1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Radar Sensor Market, By Band
5.1. Key Points
5.2. L, S, C, and X Bands
5.3. Ku, K, Ka, V, and W Bands
5.4. HF, VHF, and UHF Bands
6. Radar Sensor Market, By Range
6.1. Key Points
6.2. Short-Range Radar
6.3. Mid-Range Radar
6.4. Long-Range Radar
7. Radar Sensor Market, By Type
7.1. Key Points
7.2. Speed Gauge
7.3. Altimeter
7.4. Imaging Radar
7.5. CW Radar
7.6. Pulse Radar
7.7. Non-imaging Radar
8. Radar Sensor Market, By Vertical
8.1. Key Points
8.2. Traffic Monitoring and Management
8.3. Environmental and Weather Monitoring
8.4. Industrial
8.5. Automotive
8.6. Aerospace and Defense
8.7. Security and Surveillance
8.8. Commercial
8.9. Others
9. Competitive Landscape
9.1. Introduction
9.2. Start-up companies- Radar Sensor Market
9.3. Recent Developments
9.3.1. Mergers & Acquisitions
9.3.2. New Product Developments
9.3.3. Portfolio/Production Capacity Expansions
9.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
9.3.5. Others
10. Company Profile
10.1. Continental AG
10.2. NXP Semiconductors
10.3. Saffron Electronics and Defense
10.4. Robert Bosch GmbH
10.5. ZF Friedrichshafen AG
10.6. HELLA KGaA Hueck and Co.
10.7. Airbus
10.8. Autoliv
10.9. Banner Engineering
10.10.Delphi Automotive
10.11. DENSO Corporation
10.12. Infineon Technologies
10.13. InnoSenT
10.14. Lockheed Martin
10.15. Omniradar
10.16. Raytheon Company
10.17. Sivers IMA
10.18.Smartmicro
10.19. Texas instruments
10.20. Honeywell International Inc.
10.21 L3harris Technologies Inc.
10.22. Saab AB
10.23. STMicroelectronics N.V.
10.24. Vayyar Imaging Ltd.
10.25. Steradian Semiconductors Pvt. Ltd.
Radar Sensor Market, By Band
Radar Sensor Market, By Range
Radar Sensor Market, By Type
Radar Sensor Market, By Vertical
Radar Sensor Market, By Company