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.
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.
Market Drivers and Restraints:
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
High maintenance cost will hamper the market growth
Legal issues associated with radar detector acts as a restricting factor
The major players covered in the Radar Sensor Market
Few of the major competitors currently working in the global radar sensor market 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.
Major TOC Of The Report
Chapter One: Radar Sensor Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Radar Sensor Market Competition, by Players
Chapter Four: Global Radar Sensor Market Size by Regions
Chapter Five: North America Radar Sensor Market Revenue by Countries
Chapter Six: Europe Radar Sensor Market Revenue by Countries
Chapter Seven: Asia-Pacific Radar Sensor Market Revenue by Countries
Chapter Eight: South America Radar Sensor Market Revenue by Countries
Key Report Highlights
Comprehensive pricing analysis based on different product types and regional segments
Market size data in terms of revenue and sales volume
Deep insights about regulatory and investment scenarios of the global Radar Sensor Market
Analysis of market effect factors and their impact on the forecast and outlook of the global Radar Sensor Market
The detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Radar Sensor Market
A roadmap of growth opportunities available in the global Radar Sensor Market with the identification of key factors
The exhaustive analysis of various trends of the global Radar Sensor Market to help identify market developments
Key Questions Answered in Report:
What is the key to the Radar Sensor Market?
What will the Radar Sensor Market Demand and what will be Growth?
What are the latest opportunities for Radar Sensor Market in the future?
What are the strengths of the key players?
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