Radar Sensor Market 2021-2027; Growth Forecast & Industry Share Report

1
Radar Sensor Market Regional Trend 2021 Growth
Projections to 2027
2
Industry Insights

• The pulse radar segment in the radar sensor
  market held a substantial share of 25.5 per cent
  in 2020 and is projected to exhibit a
  considerable CAGR of 18.5 per cent through 2027.
  This is due to the wide incorporation of pulse
  radar systems in government and public
  infrastructure development applications. The
  sensors provide numerous intuitive features,
  comprising higher reliability and precision, as
  compared to non-imaging radars.
• The surging adoption of technologies, comprising
  robotics and IoT, and the soaring digitalization
  in the industrial sector are expected to escalate
  radar sensor market share through the forecasted
  period. As per the International Federation of
  Robotics Reports 2020, there were nearly 2.7
  million industrial robots operating across
  factories at the global level, accounting for an
  upsurge of 12 per cent as compared to the
  previous years.

3

• Considering an instance, in December 2020, a
  leading manufacturer in the automotive radar
  sensor market, NXP Semiconductors, launched an
  array of advanced chipset solutions, equipped for
  providing a 360 degree safeguard to vehicles by
  enabling the classification and identification
  capacities of imaging radar.
• The solution has 77GHz transceivers and
  state-of-the-art radar processors that provide
  carmakers scalable and flexible configurations,
  which address NCAP needs for front radar and
  corner applications. The product provides the
  first commercially viable path towards the volume
  production of 4D imaging radar.
• Get sample copy of this research report _at_
  https//www.gminsights.com/request-sample/detail/3
  349
• This growth is ascribed to the increasing product
  usage across various applications such as area
  monitoring, robotics, collision prevention, level
  transmitters, building security, and people
  counting. The industrial application segment in
  the radar sensor industry accounted for nearly
  16.0 per cent of the overall market revenue in
  2020 and is anticipated to grow at a remarkable
  CAGR of 16.5 per cent through 2027.

4

Browse complete Table of Contents (ToC) of this
research report _at_ https//www.gminsights.com/toc/
detail/radar-sensor-market Chapter 5 Radar
Sensors Market, By Type 5.1 Key trends by
type 5.2 Imaging radar 5.2.1 Market
estimates and forecast, 2016 2027 5.2.2
Continuous wave (CW) radar 5.2.2.1 Market
estimates and forecast, 2016 2027 5.2.3
Pulse radar
5
5.2.3.1 Market estimates and forecast, 2016
2027 5.3 Non-imaging radar 5.3.1 Market
estimates and forecast, 2016 2027 5.3.2
Speed gauge 5.3.2.1 Market estimates and
forecast, 2016 2027 5.3.3 Radar
altimeter 5.3.3.1 Market estimates and
forecast, 2016 2027

6
Region

• 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.

7
Key Players

• smart microwave sensors GmbH Sick AG
• Socionext Inc
• TeraSilIC CO.LTD.
• Texas Instruments Incorporated
• UWT GmbH
• Vayyar Imaging Ltd
• VeoneerInc.
• Xiamen IMSEMI technology Co.Ltd

8
Stay In Touch Social Media