Maharashtra, India -- (SBWIRE) -- 11/09/2018 -- Radar sensor Market
Reports Monitor announced the addition of a new report titled, 'Global Radar sensor Market Analysis, Size, Regional Outlook, Competitive Trends, and Forecasts, 2018-2025' to its vast repository of research reports. The report evaluated that the worldwide forecast for the Radar sensor market reached USD 7.1 billion in 2017. The market is projected to reach a value of USD 29.6 billion by 2025, expanding at a CAGR of 19.62 % by the end of the forecast period. The overall report is based on an in-depth market analysis, with inputs from industry experts and professions, along with a qualitative and quantitative research.
Market Overview
The radar sensor is an electronic device which identifies the velocity and position of a specific distant objects that includes the vehicle, ship or aircraft. The Radar sensors are majorly utilized for identifying the electromagnetic emissions with the support of radio receivers. The GPS technology is mounted into the radar systems and it helps in the identification of locations that are indicated by the sensors when the individual or the user reaches their respective destination. Moreover, The Radar sensors are also used in detecting objects and the radar sensors deliver information on the base of factors such as range, direction, speed and Doppler velocity. The Radar sensors are majorly used in sectors such as Industrial, Automotive, Aerospace & defence and in the Traffic monitoring. In the defence and military the radar sensors are heavily deployed as they are an pivotal component to detect the locations of objects such as Aircrafts and ships. The Drivers of the Radar sensors include rising focus on safety and security demand in the automotive sector. The enhancing need and adoption by the border security and military. The wideband 5G and milimeter wave-based system capabilities. The Automotive sector which includes both the commercial and passenger vehicles are heavily deploying the radar sensors during the manufacturing of the vehicles. The Radar sensors are currently used in the adaptive lighting system in the vehicles…..Continued
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The global market is segmented by the presence of several diversified regional, local, and multinational vendors in the market. One of the strategies adopted by the local players, in order to sustain the market competition, is by offering innovative solutions at a lower price than the international competitors. These local players compete with the international players in terms of cost of the Radar sensor product, as it becomes extremely difficult for them to get in line with the international players in terms of the range of product offerings, features, and its quality.
The research covers the current market size of the Global Radar sensor Market. The Radar sensor market can be split based on Major Players, product types and major applications.
Top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including such as Lockheed Martin Corporation, Infineon Technologies AG, NXP Semiconductors N.V, Oculli Corporation, Delphi Automotive LLP, Gryphon Sensors, Continental AG, Denso Corporation, Smart radar sensors GmbH.
Radar sensor market On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including ,
By Application:
Aerospace & Defense
Automotive
Security & Surveillance
Industrial
Environmental & Weather Monitoring
Traffic Monitoring & Management
Other Applications
By Vertical:
Government
Commercial
Industrial
By Range:
Industry Wise Range Specifications
Range Parameter considered under the study
By Type:
Non-Imaging radar
Imaging radar
By Bands:
HF, VHF and HUF Bands
L,S,C and X bands
Ku, K, Ka and V bands
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Geographically it is divided Radar sensor market into prime regions which are on the basis of sales, revenue, and market share and growth rate.
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
All aspects of the Radar sensor industry report are quantitatively as well as qualitatively assessed to study the Global as well as regional market comparatively. The basic information such as the definition, prevalent chain and the government regulations pertaining to the Radar sensor market are also discussed in the report.
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Radar sensor Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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