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Top Companies of the Radar sensor Market:
Infineon Technologies AG (Germany)
NXP Semiconductors N.V. (Netherlands)
Hitachi Ltd. (Japan)
Robert Bosch GmbH (Germany)
Continental AG (Germany)
Denso Corporation (Japan)
Delphi Automotive LLP (UK)
Airbus Group (Netherlands)
Lockheed Martin Corporation (US)
Raytheon Company (US)
Saab AB (Sweden)
Northrop Grumman Corporation (US).
Drivers of the Radar sensor Market:
The key factors surging the growth of the radar sensor market include the political instability present worldwide, owing to which there has been an upsurge in terrorist activities. These factors have created growing demand from the defense sector to replace obsolete radar technology. The growth in spending in the defense sector, particularly in developing countries, and growing trend of emergence of driverless cars, which uses functions like blind spot detection, adaptive cruise control, lane change assist, etc., with the help of the radar, will propel the market growth. It is applicable in the healthcare sector as it can be employed to detect diseases, heartbeat, etc. Automation in the agricultural sector is regarding radar technology. Radar sensors are very useful in navigation and for exploration in the marine industry. These factors are further fuelling the market growth. On the other hand, the factors hindering the growth in this market are high developed costs regarding the implementation and maintenance of the radar sensors.
Segmentation of the Radar sensor Market:
By Product type:
Aerospace and Defence
Environment and Weather Monitoring
By Range Type:
o United States of America
o Rest of APAC
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)
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