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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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Top Companies operating in the Global Radar Sensors market profiled in the report: 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
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.
Key Market 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.
– Further, with the advent and demand for smart and self-driving cars, the market for radar sensors is expected to grow significantly owing to the developments in the automotive sector.
Global Radar Sensors Market Split by Product Type and Applications:
Market Segment by Type, covers:
Market Segment by Applications, covers:
Aerospace and Defense
Environment and Weather Monitoring
Other End Users
Regional Analysis For Radar Sensors Market:
North America (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.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Radar Sensors Market Report:
-Comprehensive assessment of all opportunities and risk in the Radar Sensors market.
-Radar Sensors market recent innovations and major events.
-Detailed study of business strategies for growth of the Radar Sensors market-leading players.
-Conclusive study about the growth plot of Radar Sensors market for forthcoming years.
-In-depth understanding of Radar Sensors market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Radar Sensors market.
Radar Sensors Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Radar Sensors Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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