Pune, India -- (SBWIRE) -- 07/01/2016 -- The radar sensor market is expected to grow from USD 19.29 Billion in 2015 to USD 30.67 Billion by 2022, at a CAGR of 6.94% between 2016 and 2022. The growth of the radar sensor market is driven by the factors such as increasing territorial conflicts and geopolitical instabilities in the regions such as Asia-Pacific, the Middle East, and the Americas, rising demand for radar systems worldwide since militaries seek to replace their legacy systems, and increasing focus on the safety, comfort, and assistance features in vehicles.

Browse 81 market data tables with 109 figures spread through 260 pages and in-depth TOC on "Radar Sensor Market - Global Forecast to 2022"

Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=137774522

Early buyers will receive 10% customization on reports.

"Radar sensor market for automotive applications 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 major factors driving the growth of this market include increasing adoption of radar sensors for various applications, increasing benefits of radar sensors compared to other remote sensing technologies, growing number of accidents all over the world, and comfort, safety, and assistance features offered by the usage of radar sensors. Some of the major automotive applications for the usage of radar sensors are blind spot detection, lane departure warning, object detection system, adaptive cruise control (ACC), and stop & go functionality among others.

"Non-imaging radar sensor market to witness potential growth by 2022"

The market for non-imaging radar sensors is expected to grow at the highest rate during the forecast period. This is mainly because 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 sensors. 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.

"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 for automotive and increasing focus of region toward military investment. Moreover, The Asia-Pacific region 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 vital role to play in the measures taken by capital economies such as India and China toward the enhancement of military capabilities and strength.

Major companies involved in the development of radar sensors include Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), HELLA KGaA Hueck & Co. (Germany), Autoliv Inc. (Sweden), Infineon Technologies AG (Germany), Airbus Group (Netherlands), Lockheed Martin Corporation (U.S.), Raytheon Company (U.S.), NXP Semiconductors N.V. (Netherlands), Smart Microwave Sensors GmbH (Germany), Escort Inc. (U.S.), and Omniradar BV (Netherlands) among others

About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. 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.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
888-600-6441
Email: sales@marketsandmarkets.com