Global Radar Sensor Market Is Anticipated To Reach USD 28.8 Billion By 2025

Zion Market Research has published a new report titled “Radar Sensor Market by Product (Pulse Radar, Altimeter, CW Radar, Imaging Radar, Speed Gauge, and Others), by Technology (Ultra-Wideband (UWB), Time Domain Reflectometry (TDR), Millimeter Wave, RF MEMS, and Others), by Range (Short-Range Radar, Mid-Range Radar, and Long-Range Radar), by Application (Environmental and Weather Monitoring, Driving Assistance, Traffic Monitoring and Management, Security and Surveillance, and Others), and by End-Use (Government, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global radar sensor market accounted for USD 8.3 billion in 2018 and is expected to reach USD 28.8 billion by 2025, at a CAGR of 19.4% between 2019 and 2025.

Browse the full “Radar Sensor Market by Product (Pulse Radar, Altimeter, CW Radar, Imaging Radar, Speed Gauge, and Others), by Technology (Ultra-Wideband (UWB), Time Domain Reflectometry (TDR), Millimeter Wave, RF MEMS, and Others), by Range (Short-Range Radar, Mid-Range Radar, and Long-Range Radar), by Application (Environmental and Weather Monitoring, Driving Assistance, Traffic Monitoring and Management, Security and Surveillance, and Others), and by End-Use (Government, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/radar-sensor-market

The global radar sensor market is estimated to expand due to the rising investments made in developing autonomous vehicles. Radar sensors are used for various functions, such as parking assistance, blind spot detection, obstacle detection, pre-crash sensing, etc. In 2018, Ford Motors Co. declared investments in autonomous cars worth USD 4 billion. These investments will be made until 2023 with a major focus on commercial autonomous vehicles. In the same year, Toyota announced investments, worth USD 500 million, in Uber's self-driving program. These investments will fuel the growth of the global radar sensor market in the upcoming years.

The increasing adoption of technology for environmental and weather monitoring is fueling the radar sensor market growth globally. In 2017, the U.S. government allocated a budget of USD 1.58 billion for “National Oceanic and Atmospheric Administration” (NOAA) satellite procurement activities. Thus, the radar sensor market will witness lucrative growth over the forecast time period. However, the high initial investments for the manufacturing of these sensors may be a major constraint of the radar sensor market globally. Alternatively, the increasing adoption of radar sensors in the automotive sector will open new growth avenues for the radar sensor market over the forecast timeline.

The global radar sensor market is segmented on the basis of product, technology, range, application, and end-use. Pulse radar, altimeter, CW radar, imaging radar, speed gauge, and others form the product segment of the global radar sensor market. Ultra-Wideband (UWB), Time Domain Reflectometry (TDR), Millimeter Wave, RF MEMS, and others form the technology segment of the radar sensor market. The range segment includes short-range radar, mid-range radar, and long-range radar. Environmental and weather monitoring, driving assistance, traffic monitoring and management, security and surveillance, and others form the application segment. The security and surveillance segment is expected to hold a significant share of the radar sensor market, owing to the increasing use of technology in the defense sector. The government, industrial, and commercial comprise the end-use segment of the market. The commercial segment is expected to grow considerably over the forecast timeframe, owing to the increased product adoption in the automotive sector.

By region, North America will hold a notable share of the global radar sensor market over the forecast time span. The U.S. is considered as a major contributor toward the upsurge of this regional market, owing to the rising investments in traffic management technologies. Furthermore, the U.S. defense sector is focusing on increasing its budget related to security and surveillance devices. Europe is expected to witness a substantial rise in the radar sensors demand due to the introduction of autonomous vehicles. UK and Germany are considered to be the most lucrative countries for the radar sensor manufacturers in Europe in the years ahead.

Some noticeable players of the global radar sensor market are Continental AG, Delphi Automotive LLP, Robert Bosch GmbH, Hella KGaA Hueck & Co., NXP Semiconductors N.V., Smart Microwave Sensors GmbH, Denso Corporation, Lockheed Martin Corporation, Infineon Technologies AG, and Autoliv Inc., among others.

This report segments the global radar sensor market into:

Global Radar Sensor Market: Product Analysis

• Pulse Radar
• Altimeter
• CW Radar
• Imaging Radar
• Speed Gauge
• Others

Global Radar Sensor Market: Technology Analysis

• Ultra-Wideband (UWB)
• Time Domain Reflectometry (TDR)
• Millimeter Wave
• RF MEMS
• Others

Global Radar Sensor Market: Range Analysis

• Short-Range Radar
• Mid-Range Radar
• Long-Range Radar

Global Radar Sensor Market: Application Analysis

• Environmental and Weather Monitoring
• Driving Assistance
• Traffic Monitoring and Management
• Security and Surveillance
• Others

Global Radar Sensor Market: End-Use Analysis

• Industrial
• Government
• Commercial

Global Radar Sensor Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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