USD 20.64 Bn Opportunity in the Radar Sensor Market by 2023

1
MarketsandMarkets Presents

USD 20.64 Bn Opportunity in the Radar Sensor
Market by 2023 Radar Sensor Market by Type
(Imaging, and Non-Imaging), Technology,
Component, Band (HF, VHF, and UHF L, S, C, and
X Ku, K, Ka, V, and W), Range (Short-range,
Mid-range, Long-range), Application, Vertical,
and Geography - Global Forecast to
2023 https//www.marketsandmarkets.com/Market-Rep
orts/radar-sensor-market-137774522.html
2
According to the new market research
report "Radar Sensor Market by Type (Imaging, and
Non-Imaging), Technology, Component, Band (HF,
VHF, and UHF L, S, C, and X Ku, K, Ka, V, and
W), Range (Short-range, Mid-range, Long-range),
Application, Vertical, and Geography - Global
Forecast to 2023", published by
MarketsandMarkets , the Radar Sensor Market is
expected to reach USD 20.64 Billion by 2023, at a
CAGR of 19.51 between 2017 and 2023. Major
factors driving the growth of the radar sensor
market include increasing territorial conflicts
and geopolitical instabilities in Asia Pacific,
the Middle East, and the Americas, and the rising
demand for radar systems worldwide, as militaries
seek to replace legacy systems. The market is
further driven by increasing focus on safety,
comfort, and assistance features in
vehicles. Browse 68 Market Data Tables and 86
Figures spread through 219 Pages and in-depth TOC
on "Radar Sensor Market - Global Forecast to 2023"
3
The radar sensor market for automotive
applications is expected to grow rapidly during
the forecast period The radar sensor market for
automotive applications is expected to grow at a
high rate during the forecast period. The main
factors driving the growth of this market include
the increasing adoption of radar sensors for
various applications, increasing benefits of
radar sensor as compared to other remote sensing
technologies, the growing number of accidents on
global basis, and comfort, safety, and assistance
features offered by using radar sensors. Some of
the major automotive applications that use radar
sensors are blind spot detection, lane departure
warning, object detection system, adaptive cruise
control (ACC), and stop--go functionality. Ask
PDF Brochure https//www.marketsandmarkets.com/pd
fdownloadNew.asp?id137774522 The non-imaging
radar sensor market to have potential growth by
2023 The market for non-imaging radar sensors is
expected to grow at the highest rate during the
forecast period. This is mainly because of their
wide usage in most of the high-end applications
such as defense, automotive, and traffic
monitoring. Various applications of defense need
constant tracking and analyzing, which is mostly
done with the help of non-imaging radar.
Additionally, the increasing military expenditure
by developing countries is also an important
factor to drive the overall growth of the
non-imaging radar sensor market.
4
Radar sensor market in APAC expected to grow at
the highest rate during the forecast period Radar
sensors and systems are increasingly being
implemented in APAC, owing to the growing demand
from automotive and military investment.
Moreover, APAC is one of the potential markets
for the unmanned vehicles as countries such
as China, India, Japan, Australia, and South
Korea among others are actively trying to
strengthen the military system. The geopolitical
dynamics of the region have a major role to play
in the measures taken by major economies such
as India and China toward the enhancement of
military capabilities and strength. Request Free
Sample Pages https//www.marketsandmarkets.com/re
questsampleNew.asp?id137774522 Major companies
involved in the development of radar sensor such
as Robert Bosch GmbH (Germany), Continental AG
(Germany), Denso Corporation (Japan), Delphi
Automotive LLP (UK), HELLA KGaA Hueck Co
(Germany), Autoliv Inc. (Sweden), Infineon
Technologies AG (Germany), Lockheed Martin
Corporation (US), NXP Semiconductors N.V. (The
Netherlands), and Smart Microwave Sensors GmbH
(Germany).
5
Opportunity  Developing countries increasing
their military spending There has been a shift of
global power towards APAC, in terms of economy,
which has an invariable impact on military
spending. This is mainly due to the rapidly
growing economy and an increase in military
spending in countries such as China, India, and
South Korea. China is the major driving force in
APAC its strong economic stability and
contribution toward military spending make China
the second-largest defense spender globally. With
the emergence of China and its recent assertive
behavior, neighboring countries such as India,
Vietnam, the Philippines, and Japan are focusing
on increasing their military power. Challenge
Electronic countermeasure (Electronic
warfare) The electromagnetic jamming of radars
and noise interruptions during satellite
communication are the challenges of radar-based
applications. The purpose of electronic
countermeasure (ECM) is to degrade the
effectiveness of military radars. ECM consists of
false target generation functions, noise jamming,
chaff, and decoys. These functions are
situation-specific with regard to the intended
military applications.
6
About MarketsandMarkets MarketsandMarkets
provides quantified B2B research on 30,000 high
growth niche opportunities/threats which will
impact 70 to 80 of worldwide companies
revenues. Currently servicing 7500 customers
worldwide including 80 of global Fortune 1000
companies as clients. Almost 75,000 top officers
across eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. Our 850 fulltime analyst and
SMEs at MarketsandMarkets are tracking global
high growth markets following the "Growth
Engagement Model GEM". The GEM aims at
proactive collaboration with the clients to
identify new opportunities, identify most
important customers, write "Attack, avoid and
defend" strategies, identify sources of
incremental revenues for both the company and its
competitors. MarketsandMarkets now coming up
with 1,500 MicroQuadrants (Positioning top
players across leaders, emerging companies,
innovators, strategic players) annually in high
growth emerging segments. MarketsandMarkets is
determined to benefit more than 10,000 companies
this year for their revenue planning and help
them take their innovations early to the market
by providing them research ahead of the
curve. MarketsandMarketss flagship competitive
intelligence and market research platform,
"Knowledgestore" connects over 200,000 markets
and entire value chains for deeper understanding
of the unmet insights along with market sizing
and forecasts of markets.
7
Contact Us
Contact Mr. Aashish Mehra MarketsandMarkets
INC. 630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 For More
Info https//www.marketsandmarkets.com/PressRelea
ses/radar-sensor.asp