According to a new market report by Lucintel, the future of the radar sensor market looks promising with opportunities in the automotive, aerospace & defense, industrial, security & surveillance, traffic monitoring & management, and environmental & weather monitoring industries. The radar sensor market is expected to grow with a CAGR of 19% from 2019 to 2024. The major drivers for this market are growing concerns on safety and security in automotive industry and increasing need for border security systems.
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In this market, imaging radar, CW radar, pulse radar, non-imaging radar, speed gauge, and altimeter radar are used in various end use industries. Lucintel forecasts that non-imagine radar is expected to witness the highest growth over the forecast period.
Within the radar sensor market, automotive will remain the largest application over the forecast period due to the increasing demand for adaptive cruise control (ACC), blind spot detection (BSD), lane change assist (LCA), and collision mitigation (CM) in vehicles.
North America will remain the largest region and Asia Pacific is expected to witness the highest growth over the forecast period due to the growth in vehicle production and increasing demand of advanced driver-assistance systems (ADAS) in passenger car.
Robert Bosch, Continental, Infineon Technologies, Hella KGaA Hueck., Autoliv, Smart Microwave Sensors, Omniradar, Lockheed Martin, Denso, and NXP Semiconductors, are among the major manufacturers of radar sensors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the radar sensor market by range, radar type, band, application, component, technology, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Radar Sensor Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the radar sensor market by range, radar type, band, application, component, technology, end use industry, and region as follows:
By Range [$M shipment analysis for 2013 – 2024]:
Short-Range Radar
Mid-Range Radar
Long-Range Radar
By Radar Type [$M shipment analysis for 2013 – 2024]:
Imaging Radar
CW Radar
Pulse Radar
Non-imaging Radar
Speed Gauge
Altimeter
By Technology [$M shipment analysis for 2013 – 2024]:
Time Domain Reflectometry (TDR)
Ultra-Wideband (UWB)
RF MEMS-based radar sensors
Millimeter wave
Others
By Application [$M shipment analysis for 2013 – 2024]:
Automotive
Aerospace and Defense
Industrial
Security and Surveillance
Traffic Monitoring and Management
Environmental and Weather Monitoring
Others
By Component [$M shipment analysis for 2013 – 2024]:
Antenna
Duplexer
Transmitter
Receiver
Video Amplifier
Processing
By Band [$M shipment analysis for 2013 – 2024]:
HF, VHF, and UHF Bands
L, S, C, and X Bands
Ku, K, Ka, V, and W Bands
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Commercial Sector
Government Sector
Industrial Sector
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/radar-sensor-market.aspx or helpdesk@lucintel.com.
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