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  • 14 June 2019 21:46

Radar Sensors Market Growing at Approximately 20% CAGR

Recent research study, the radar sensors market is expected to to reach value of nearly $35.23 Billion by 2026, at approximately 20% CAGR.

The research report cites radar sensors market growth drivers as being increasing territorial conflicts in various regions, growing focus on comfort and safety, geopolitical instabilities, rising adoption of radar sensor in defense sector where militaries look forward to replacing legacy systems, and assistance features in vehicles. The players profiled in the report include Inelta Sensor Systems GmbH & Co. KG, Micro-Epsilon, Solartron Metrology, Trans-Tek Inc., RDP Electronics Ltd., and Kyowa Electronic Instruments Co., Ltd.

Report Highlights

The radar sensor market for automotive applications is expected to grow at a high rate during the forecast period. The market for non-imaging radar sensors is 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. North America is expected to hold the largest share.

Market Segmentation

Market By Type: Imaging Radar, CW Radar, Pulse Radar, Non-Imaging Radar, Speed Gauge, Altimeter

Market By Frequency Band: HF, VHF and UHF Bands, L, S, C and S Bands, Ku, K, Ka, V and W Bands

Market By Range: Short Range Radar, Mid Range Radar, Long Range Radar

Market By Vertical: Commercial, Government, Industrial

Market By Application: Aerospace & Defense, Automotive, Industrial, Security & Surveillance, Environmental & Weather Monitoring, Traffic Monitoring & Management

Market By Geography: North America, Europe, Asia Pacific, Latin America, Middle East and Africa (MEA)

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