The radar sensor market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The radar sensor market will be positively driven by increasing adoption in navigation, surveillance, object detection, as well as security purposes in unmanned aircraft systems (UAS) and drones. The increase in the instances of road fatalities worldwide has urged various governments to mandatorily install safety systems to enhance road security. Citing the same, the European Union in January 2020 mandated the incursion of blind spot information systems into the N2 N3 category vehicles.

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The annual revenue from pulse radar sensors reached 25.5% of the market share in 2020 and could observe an 18.5% CAGR up to 2027. This is owing to the higher deployment of pulse radar systems across public and government infrastructure development sectors. These sensors provide intuitive features, that include higher precision and reliability, over non-imaging radars.

On account of this, leading market players are coming up with innovations. ABB, in June 2020, introduced the pulse wave guided radars, which finds wide usage in level measurement applications. This novel pulse radar sensor is also attracting higher demand across petrochemical, oil & gas, and chemical sectors.

Industrial applications accounted for over 16% of the radar sensor market share in 2020 and will rise at a rate of 16.5% through 2027. This can be attributed to the higher penetration of the sensors in collision prevention, building security, robotics, area monitoring, people counting and level transmitters. Taking note of this, mmWave radar sensors are witnessing increasing usage across industrial applications to render information in terms of range, velocity, and angle of the external environment.

There is also an influx of digitalization across the industrial sector and rising deployment of technologies, such as IoT and robotics. It was reported that the number of industrial robots operating in factories worldwide had reached 2.7 million, showing a hike of 12% from the previous years.

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The Europe radar sensor market accounted for an appreciable share of 19.5 per cent in 2020. The region is estimated to exhibit an appreciable CAGR of nearly 12.5 per cent through 2027. The market is driven by a surge in government initiatives for the acceleration of the defense sector by integrating technology innovations with new safety systems.

DENSO CORPORATION, Texas Instruments Incorporated, Navtech Radar, SICK AG, Pepperl+Fuchs, and Veoneer Inc., are other major market players in the business.

Major Key Points from Table of Content:

Chapter 6   Radar Sensor 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 Sensor 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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