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RADAR Sensor Market By Type (Imaging RADAR and Non-Imaging Radar), By Range (Short-Range RADAR Sensors, Medium-Range RADAR Sensors, and Long-Range RADAR Sensors), and By End User (Automotive, Security & Surveillance, Industrial, Environment & Weather Monitoring, Traffic Monitoring, and Other End Users): Global Opportunity Analysis and Industry Forecast, 2020-2027

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Oct 2020 | 770 Views
 
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RADAR Sensor Market Outlook – 2027 

The global RADAR sensor market is expected to witness significant growth, and will grow considerably over the next few years. A RADAR sensor is an electronic device that senses the position and velocity of an object. The RADAR sensors are often used in automobiles. They detect electromagnetic emissions using super heterodyne receiver and send notifications to the person in the vehicles when transmission is detected. Currently, GPS technology incorporated into the sensors guides the passenger to reach a destination. Moreover, RADAR sensors are capable of detecting motion, distance and range of arrival, speed, and direction of movement. RADAR sensors are not limited by adverse weather conditions such as rains, dust, and fog. 

 

The global RADAR sensor market is segmented on the basis of type, range, end user, and region. Based on type, the market is divided into imaging RADAR and non-imaging RADAR. In terms of range, the market is categorized into short-range RADAR sensors, medium-range RADAR sensors, and long-range RADAR sensors.On the basis of end users, the market is divided into automotive, security and surveillance, industrial, environment and weather monitoring, traffic monitoring, and other end users. Geographically, the market is analyzed across several regions such as across North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA). 

Key players of the thermistor market analyzed in the research include Robert Bosch GmbH, Lockheed Martin Corporation, Continental AG, Infineon Technologies AG, Hella KGaAHueck& Co., Delphi Automotive LLP, Denso Corporation, NXP Semiconductors N.V.,AutolivInc, and Smart Microwave Sensors GmbH. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to maintain their foothold in the market. 

Top Impacting Factors

Rise in focus to improve safety and security in the automotive application and surge in demand from the defense sector to replace legacy systems along with increase in focus on comfort, safety, and assistance have boosted the growth of the global RADAR sensor market. However, high initial and developmental costs hamper the market growth. On the contrary, the advent of driverless cars and increase in military spending are expected to create lucrative opportunities for the market players in the future.Following are the global RADAR sensor market trends:

Rapid Launches to Boost the Market Growth

The launch of new RADAR sensors to improve conventional technology in automotive has propelled the growth of the market. Major market players have invested a huge pile of money to make RADAR sensors compact and affordable.HyundaiMobis developed a system called Rear Occupant Alert (ROA)to detect rear-seat passengers using RADAR. Furthermore, the company plans to launch the system to global automakers. The system is expected to prevent heatstroke accidents that often occur when children are left unattended in vehicles among other accidents. 

The passenger detection system is developed using RADAR, which is usually used as a sensor for driverless vehicles. The software algorithm enables to detect micro movements of passengers, such as passenger’s blood flow. This waythe RADAR system would be used to detect the presence of passengers in the rear seat. Similarly, electronics expert HELLA has announced to unveil its latest 77 GHz RADAR technology into series production in spring 2020. The company has already acquired several major orders for the RADAR sensors.

Surge in Use of RADAR Sensors in Driverless Cars

Manufacturers have focused on developing a more effective way to incorporate and use RADAR sensors in automobiles, especially in driverless cars. Cognitive Pilot, a Russian autonomous driving technology venture recently unveiled a Cognitive Mini RADAR sensor. The sensor is developed for the autonomous driving industry. 

This tiny sensor weighs around 40 grams and operates between 77–81 GHz or 60–64 GHz based on the model. The operating distance of the RADAR sensor is up to 100 meters and it is designed to control the space around a vehicle’s perimeter. Moreover, the sensor can be used to solve complex issues regarding other robotic technology by installing on multi copters. The company now looks forward to mass production and offers the product at a reasonable price. 

Prime Benefits of the Report:

  • The report offers the analysis of the global RADAR sensor industry along with a glance at current trends and future estimations to foresee imminent threats and take necessary actions accordingly. 

  • The study offers an in-depth analysis of major drivers, opportunities, and restraints along with comprehensive analysis of the global RADAR sensor market share. 

  • The market study is analyzed from 2020 to 2027 to underline the global RADAR sensor market growth possibilities. 

  • The report includes Porter’s five forces analysis that offers insights about buyers & suppliers in the market. 

  • The global RADAR sensor market analysis includes study of the major market players in the global RADAR sensor market.

 

Scope of the Report:

                   Report Metric

                               Details

  Market Size Available For Years

  2020-2027

  Base Year Considered

  2019

  Forecast Period

  2020-2027

  Forecast Units

  Value (USD)

  Segments Covered

  Type, Range, End User, and Region

  Geographies Covered

 North America (the U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies Covered

 Major players analyzed include Robert Bosch GmbH, Lockheed Martin Corporation, Continental AG, Infineon Technologies AG, Hella KGaAHueck& Co., Delphi Automotive LLP, Denso Corporation, NXP Semiconductors N.V., AutolivInc, and Smart Microwave Sensors GmbH.

 

Key Market Segments:

          Segments

                         Sub-Segments

  Type

  • Imaging RADAR
  • Non-imaging RADAR

  Range

  • Short-Range RADAR Sensor 
  • Medium-Range RADAR Sensor
  • Long-Range RADAR Sensor

  End User

  • Automotive
  • Security and Surveillance
  • Industrial
  • Environment
  • Weather Monitoring
  • Traffic Monitoring
  • Others

 

Questions Answered in the Global RADAR Sensor Market Research Report:

  • What are the leading market players active in the RADAR sensor market?

  • What recent trends will influence the market in thecoming years?

  • What are the prime driving factors, restraints, and opportunities in the market?

  • What are the estimations that would help in taking further strategic steps

 
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