Radar Sensors Market Technological Innovations and Future Opportunities 2027

Radar Sensors Market Technological Innovations and Future Opportunities 2027

The research report on radar sensors market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

The radar sensors market is estimated to grow at a steady pace over the coming years owing to robust implementation of these sensors in automotive safety systems including blindspot detection, lane change assist, adaptive cruise control, vehicle exit assist, pre-crash warning, automatic emergency brake, and other autonomous technologies. The high number of road fatalities throughout the world have encouraged governments to make the installation of safety systems mandatory, in order to enhance road safety.

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The pulse radar segment accounted for a share of 25.5% in 2020 and is likely to record 18.5% CAGR over the forecast period owing to extensive incorporation of pulse radar systems in government and public infrastructure development applications. Pulse radar sensors provide many intuitive features such as higher reliability and precision, than non-imaging radars.

The short-range radar segment is anticipated to register a CAGR of 17.5% in the upcoming years on account of use of these sensors in blind-spot detection system and automatic parking assistance in vehicles. Short-wave radar replaces the camera and ultrasonic sensors due to its limitations in noise and wind as well as inefficient identification of objects in dark places. This could fuel the use of radar sensors in driver assistance systems.

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The Europe radar sensors market is projected to record a CAGR of around 12.5% in view of increasing government efforts to develop the defense sector with the integration of technological innovations and new safety systems. Some organizations are announcing funding for the regional defense sector in order to support R&D activities in railguns, laser weapons, and drones, hence driving the radar sensor manufacturers to create new products.

Major Key Points from Table of Content:

Chapter 6   Radar Sensors Market, By Range

6.1    Key trends by range

6.2    Short-range radar sensor

6.2.1    Market estimates and forecast, 2016 – 2027

6.3    Medium-range radar sensors

6.3.1    Market estimates and forecast, 2016 – 2027

6.4    Long-range radar sensors

6.4.1    Market estimates and forecast, 2016 – 2027

Chapter 7   Radar Sensors Market, By Application

7.1    Key trends by application

7.2    Automotive

7.2.1    Market estimates and forecast, 2016 – 2027

7.3    Aerospace and defense

7.3.1    Market estimates and forecast, 2016 – 2027

7.4    Industrial

7.4.1    Market estimates and forecast, 2016 – 2027

7.5    Government and public infrastructure

7.5.1    Market estimates and forecast, 2016 – 2027

7.6    Others

7.6.1    Market estimates and forecast, 2016 – 2027

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