Radar Sensors Market is expected to reach USD 19 Billion by 2023, growing at 20 % CAGR during the fo
Posted: Nov 02, 2018
The prominent companies such as Raytheon Company (US), Northrop Grumman Corporation (US) Delphi Automotive LLP (UK), Hitachi, Ltd. (Japan), Robert Bosch GmbH (Germany), are the largest contributors in the manufacturing of radar sensors. In 2017, Denso Corporation has developed 24-GHz band sub-millimeter-wave radar sensor and side radar sensors. It is used for enhancing vehicle safety systems. It enables the driver to identify and navigate other vehicles with the help of sensing direction and range of the sub millimeter-wave radar sensor.
The Radar Sensor Market is growing exponentially due to the uses of frequency modulated continuous wave which enables to detect different kinds of targets. These targets can either be moving or stationary such as cars, trains, trucks and others. The radar sensors are ideal for collision detection, level gauging, anti-collision, surveillance and security. This technology is widely being used in North America region, for weather monitoring, security and surveillance and other purposes.
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The global radar sensors market is 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 include 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.
The global radar sensors market is expected to grow at USD 19 Billion by 2023, at 20% of CAGR between 2017 and 2023.
Market Research Future (MRFR) recognizes the following companies as the key 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), and Airbus Group (Netherlands) among others.
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The global radar sensors market has been segmented on the basis of type, range, applications and region.
Global Radar Sensors Market by Type:
- Radar Detector Detectors
- Radar Scrambling
Global Radar Sensors Market by Range:
- Short-Range Radar
- Mid-Range Radar
- Long-Range Radar
Global Radar Sensors Market by Applications:
- Traffic Monitoring
- Aerospace And Defense
- Security And Surveillance
- Weather Monitoring
Global Radar Sensors Market by Regions:
- North America
- Rest Of The World
The regional analysis of radar sensors market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in radar sensors market. The radar sensors market in Europe region is expected to witness rapid growth in the forthcoming period due to the major companies Sick AG (Germany), Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), are introducing new radar sensors in the market. For instance, in 2014, Robert Bosch GmbH (Germany) has introduced new mid-range radar sensor, stereo-video sensor. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for radar sensors market and expected to be the highest CAGR in the coming years.
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