Radar Sensor Market Trends and Future Prospects Details for Business Development
Posted: Dec 12, 2018
The Global Radar Sensor market is estimated to grow at a CAGR of 20.5% from 2018 to 2026according to a new report published by Polaris Market Research. The new report ‘Radar Sensor Market [By Type (Imaging Radar Sensor, Non-Imaging Radar Sensor) By Range (Short-Range Radar Sensor, Medium-Range Radar Sensor, Long-Range Radar Sensor) By Component (Transmitter, Receiver, Processor, Antenna, Video Amplifier, Others) By End-User (Aerospace & Defense, Automotive, Security & Surveillance, Industrial, Others), By Regions]: Market Size & Forecast, 2018 – 2026’ indicates that the global Radar Sensor market generated $8.5 billion in 2017.
Radar sensors are used for locating and detecting moving or stationary objects. Radar sensors are used in a wide range of applications such as aerospace, defence, automotive, and industrial among others to provide real-time data for improved reliability and efficiency. The defence sector uses radar sensors for a wide variety of applications such as warning systems, missile control, fire control, moving target indication, weapons location, vehicle search, as well as air traffic control systems.
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The increasing safety concerns, and rising need for surveillance drives the Radar Sensor market growth. The increasing military expenditure along with growing security threats has boosted the growth of the Radar Sensor market. Governments are increasingly investing in the development of radar technology to offer enhanced security to citizens, thereby supporting the Radar Sensor market growth. Market players are focusing on integration of advanced technology into radar systems to offer affordable and advanced radar sensors to consumers. Technological advancements in components such as antenna, transmitter, receiver, and diplexer among others, along with decreasing prices of the same is expected to further accelerate the growth of the radar sensor market.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Radar Sensor Market, 2018-2026. The Radar Sensor market report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, France, Russia and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, Korea, Malaysia, Australia and Rest of Asia-Pacific.
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North America generated the highest revenue in 2017. The increasing demand for Radar Sensor from defence, and aviation coupled with rise in air traffic supports the Radar Sensor market growth in the region. Presence of leading players in the region, along with increasing use in automotive sector would support Radar Sensor market growth during the forecast period.
Competitive Landscape and Key Vendors
The global Radar Sensor market is characterized by the presence of well-diversified international and small and medium-sized vendors. Leading companies are acquiring other companies, and enhancing their product offerings to improve their Radar Sensor market share. Acquisitions enable key players to increase their Radar Sensor market potential in terms of geographic expansion and expansion of customer base.
The leading companies profiled in the Radar Sensor market report include Delphi Automotive LLP, Autoliv Inc., Robert Bosch GmbH, NXP Semiconductors N.V., Continental AG, Lockheed Martin Corporation, Denso Corporation, Infineon Technologies AG, Hella KGaA Hueck & Co., and Smart Microwave Sensors GmbH.
- Imaging Radar Sensor
- Non-Imaging Radar Sensor
- Short-Range Radar Sensor
- Medium-Range Radar Sensor
- Long-Range Radar Sensor
- Video Amplifier
- Aerospace & Defense
- Security & Surveillance
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Complete Report with TOC Available @ https://www.polarismarketresearch.com/industry-analysis/radar-sensor-market/
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Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.