Global radar sensor market is set to witness a healthy CAGR of 19.51% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising military spending and increasing acceptance of advanced driver assistance systems and driverless concepts in the automotive sector are the factor for the market growth.
Some are the key players taken under coverage for this study are Robert Bosch GmbH.; Continental AG; DENSO CORPORATION.; HELLA GmbH & Co. KGaA; Infineon Technologies AG; Autoliv Inc.; Lockheed Martin Corporation; NXP Semiconductors.; smart microwave sensors GmbH; Oculii Corp; SRC, Inc.; Arbe; Echodyne; Raytheon Company.; Saab AB; Northrop Grumman Corporation; ZF Friedrichshafen AG; Hitachi, Ltd.; InnoSenT – Innovative Radar Sensor Technology; Kestrel Radar Sensors; among others.
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Market Definition: Radar sensor is an electronic device which is specially designed to detect the position and velocity of an object which is at distance level. They are widely used to detect vehicle speed or any object approaching within the specified range as modern radar detectors use modulated frequency waves that detect multiple targets at a time. They have the sensing range upto 40 meters and are also widely used for collision avoidance in port machines, mining vehicles, and forklifts because they can detect any object that falls within the detection cones. They are widely used in application such as environment & weather monitoring, automotive, industrial, security, and aerospace & defence
Market Drivers:
- Increasing demand for safety & security in automotive sector will enhance the market growth
- Rising popularity for boarder security system also acts as a market driver
- Growing number for autonomous cars is another factor enhancing this market growth
- Increasing adoption of sensor fusion technology will also contribute as a factor for the market growth
Market Restraints:
- High maintenance cost will hamper the market growth
- Legal issues associated with radar detector acts as a restricting factor
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Segmentation: Global Radar Sensor Market
By Type
- Imaging Radar
- Continuous Wave (CW) Radar
- Unmodulated CW Radar
- Modulated CW Radar
- Pulse Radar
- Doppler Radar
- MTI Radar
- Continuous Wave (CW) Radar
- Non- Imaging Radar
- Speed Gauge
- Radar Altimeter
By Band
- HF, VHF, and HUF Bands
- HF and VHF Band
- HUF-Band
- L, S, C, and X Bands
- L-Band
- S-Band
- C-Band
- X-Band
- Ku, K, Ka, V, and W Bands
- Ku-Band
- K-Band
- Ka-Band
- V-Band
- W-Band
By Range
- Short-Range Radar Sensor
- Medium-Range Radar Sensor
- Long-Range Radar Sensor
By Component
- Transmitter
- Receiver
- Processor
- Antenna
- Video Amplifier
By Technology
- Time Domain Reflectometry
- Ultra-Wideband
- RF MEMS-based Radar Sensors
- Millimeter Wave
By Application
- Automotive
- Collision Avoidance System
- Blind Spot Detection
- Adaptive Cruise Control
- Lane Departure Warning System
- Object Detection System
- Stop-&-Go Functionality
- Aerospace & Defense
- Ground Based
- Naval Based
- Airborne Based
- Space Based
- Industrial
- Machine Safeguarding Area
- Collision Protection
- Industrial Robot
- Measuring Working Environment
- Mine Inspection
- Tunnel Wall Inspection
- Locating Underground Pipes
- Security & Surveillance
- Access Control System
- Perimeter Security
- Transportation
- Commercial Facilities
- Traffic Monitoring and Management
- Traffic Flow Analysis
- Traffic Light Control
- Traffic Classification
- Distance Measuring Equipment
- Air Traffic Control (ATC) Radar
- Ground Control Approach (GTC) Radar
- Environmental & Weather Monitoring
- Weather Surveillance Radar System
- Weather and Planetary Observation
- Other Applications
- Healthcare
- Agriculture
- Smart Electronics Devices
By Vertical
- Commercial
- Government
- Industrial
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East and Africa
Key Developments in the Market:
- In October 2019, Socionext Inc. announced the launch of their new advanced radar sensors SC1230 Series which has the ability to detect the location and motion of the person. This new system is cost- effective, consumes less energy and is highly sensitive. This series consist of two products the SC1232AR3 and the SC1233AR3. The business plans to extend the use of services for home appliances as well as mobile devices and industrial equipment
- In May 2017, ZF Friedrichshafen AG announced that they have acquires 45% stake of Astyx Communication & Sensors GmbH which will help the company to enhance their advanced autonomous technologies. This investment in radar technology will be beneficial for the company as it will allow them to integrate new and advanced technologies in the future cars
Competitive Analysis
Global radar sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of radar sensor market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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