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Global Radar Sensors Market to Grow at a CAGR of 15.98% During the Period 2017-2021; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global Radar Sensors Market 2017 - 2021” research report to their website


Lewes, DE -- (SBWIRE) -- 10/02/2017 -- Report forecast the global radar sensors market to grow at a CAGR of 15.98% during the period 2017-2021.

A radar sensor is an electronic device that identifies the position and velocity of a distant object such as a vehicle, aircraft, or ship. Radar sensors identify electromagnetic emissions with the help of radio receivers. When the transmission is detected, the person in the vehicle is informed. Currently, the GPS technology is installed into radar sensors, and it aids the storage of locations indicated by the sensor when the user reaches their destination in addition to detecting objects, the radar sensors provide information such as range, speed, direction, and Doppler velocity.

The report covers the present scenario and the growth prospects of the global radar sensors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
- Americas

According to the report, one of the major drivers for this market is Radar sensor-based ADAS applications are more economical. Autonomy requires both accuracy and precision in terms of mapping of a vehicle's surroundings. At present, the average price of radar sensors is $1,920.77, and the average price of LiDAR sensors is $7,999. Thus, the price of radar sensors is much lower as compared to LiDAR sensors. The 24 GHz radar sensors that are used for industrial and automotive applications are more suitable for automotive applications that are less expensive.

Further, the report states that one of the major factors hindering the growth of this market is Radar sensor design challenges. Radar systems operate in a broad range of temperatures. Hence, the radar sensors should be able to operate in these temperature ranges. Factors such as object sensitivity, range, and environmental aspects can impact the sensor performance. In order to maintain the reliability and preciseness of radar systems under diverse temperature ranges, the adoption of on-chip temperature compensation technique is required. The adoption of this technique can reduce the variations in performance during the chip's operational life.

Global Radar Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global radar sensors market: Continental, NXP Semiconductors, Robert Bosch, and ZF Friedrichshafen.

Other Prominent Vendors in the market are: Airbus, Autoliv, Banner Engineering, Delphi Automotive, DENSO, HELLA KGaA Hueck & Co., Infineon Technologies, InnoSenT, Lockheed Martin, Omniradar, Raytheon Company, Saffron Electronics & Defense, Sivers IMA, Smartmicro, and Texas instruments.

Market driver
- Radar sensor-based ADAS applications are more economical
- For a full, detailed list, view our report

Market challenge
- Radar sensor design challenges
- For a full, detailed list, view our report

Market trend
- Increasing adoption of FMCW radar sensors in different applications
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 67 pages "Global Radar Sensors Market 2017 - 2021" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market segmentation by application, Market segmentation by type, Geographical segmentation, Key leading countries, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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