LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global radar sensors market is expected to grow at a CAGR of close to 16% during the forecast period.
This research report titled ‘Global Radar Sensors Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
The market research analysis categorizes the global radar sensors market into three major application segments. They are:
- Automotive
- Aerospace and defense
- Industrial
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Global radar sensors market by automotive sector
The radar sensors in the automotive sector will be used in several applications such as adaptive cruise control (ACC), advanced emergency braking system (AEBS), blind spot detection (BSD), collision avoidance (CA), pedestrian protection system (PPS), park assist systems (PAS), and lane departure warning system (LDWS). Countries across the globe are introducing regulations that involve making AEBS mandatory as the statistics show the lifesaving capabilities of such advanced systems. For instance, in 2016, the US Department of Transportation mandated vehicles to employ standard safety features such as AEBS by 2022.
According to Rohan Joy Thomas, a lead analyst at Technavio for sensors research, “Collision avoidance systems are expected to grow at a CAGR of more than 24% in the automotive radar sensors market during the forecast period. The CA systems provide the driver with a sense of the proximity of his/her vehicle to his/her surroundings. It helps identify the target and detect the relative speed or the distance between the vehicle and the object. This helps reduce the possibility or the severity of the accident.”
Global radar sensors market by aerospace and defense sector
Radar sensors are increasingly finding applications in airborne, naval, ground and space based platforms. Electronic-warfare systems and electronic countermeasures are increasingly using radar sensors for better operations. In addition, the demand for radar sensors is growing due to increasing applications in defense surveillance over borders vulnerable to attacks. The growing instances of terrorism across the globe are generating a demand for all these applications, thus driving the radar sensors market.
The automatic sense and avoid (SAA) systems are gaining significance in the research of UAVs since UAVs are used in many applications in the aerospace and defense sector. Vendors are offering radar sensors that provide an opportunity for enhancing the identification and tracking of targets. SAA is also playing an increasing role in the aerospace industry. It is used for identifying and tracking obstacles, missiles, and aircraft. Thus, the aerospace industries across the globe are developing SAA for unmanned aircraft systems (UASs).
Global radar sensors market by industrial sector
The industrial sector involves the use of radar sensors in different industries such as oil and gas, chemical, and mining. Radar sensors are used for tank-level probing in industrial applications. They play an important role in identifying the levels of liquids in tanks and the level of bulk goods such as in silos. The robustness of the radar technology is particularly needed in the filling level measurements of fluids in the industrial sector.
“Radar sensors play a significant role in industrial applications where safety is paramount. In addition, they can be used for reliably sensing the presence of humans and objects in different industries in all possible environmental conditions. Another important industrial application of radar sensors is in gas flow metering and for the measurement of bulk solids in pipes or tanks. They are also used to measure the volume flow for the conveyor belts,” says Rohan.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Continental
- NXP Semiconductors
- Robert Bosch
- ZF Friedrichshafen
Browse Related Reports:
- Global Color Detection Sensor Market 2017-2021
- Global Chemical Sensors Market 2017-2021
- Global 3D Magnetic Sensor Market 2017-2021
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
