According to a market report by Lucintel, the future of the radar sensor market looks promising with opportunities in the automotive, aerospace & defense, industrial, security & surveillance, traffic monitoring & management, and environmental & weather monitoring industries. The radar sensor market is expected to grow with a CAGR of 19% from 2019 to 2024. The major drivers for this market are growing concerns on safety and security in automotive and increasing need for border security systems.
In this market, imaging radar, CW radar, pulse radar, non-imaging radar, speed gauge, and altimeter radar are the major radar type. Within the radar sensor market, automotive, aerospace and defense, industrial, security and surveillance, traffic monitoring and management, and environmental and weather monitoring are the major applications. Automotive is the largest segment for radar sensor. North America will remain the largest market over the forecast period.
Robert Bosch, Continental, Infineon Technologies, Hella KGaA Hueck., Autoliv, Smart Microwave Sensors, Omniradar B.V., Lockheed Martin, Denso, and NXP Semiconductors, are among the major manufacturers of radar sensors.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the radar sensor market by radar type, range, band, application, component, technology, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Radar Sensor Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the radar sensor market by radar type, range, band, application, component, technology, end use industry, and region as follows:
By Radar Type [$M shipment analysis for 2013 – 2024]:
• Imaging Radar
• CW Radar
• Pulse Radar
• Non-imaging Radar
• Speed Gauge
• Altimeter
By Technology [$M shipment analysis for 2013 – 2024]:
• Time Domain Reflectometry (TDR)
• Ultra-Wideband (UWB)
• Others
• RF MEMS-based radar sensors
• Millimeter wave
By Range [$M shipment analysis for 2013 – 2024]:
• Short-Range Radar
• Mid-Range Radar
• Long-Range Radar
By Application [$M shipment analysis for 2013 – 2024]:
• Automotive
• Aerospace and Defense
• Industrial
• Security and Surveillance
• Traffic Monitoring and Management
• Environmental and Weather Monitoring
• Others
By Component [$M shipment analysis for 2013 – 2024]:
• Antenna
• Duplexer
• Transmitter
• Receiver
• Video Amplifier
• Processing
By Band [$M shipment analysis for 2013 – 2024]:
• HF, VHF, and UHF Bands
• L, S, C, and X Bands
• Ku, K, Ka, V, and W Bands
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Commercial Sector
• Government Sector
• Industrial Sector
By Region [$M shipment analysis for 2013 – 2024]:
• North America
– United States
– Canada
– Mexico
• Europe
– Germany
– UK
– Italy
• Asia Pacific
– China
– Japan
– India
• Rest of the World
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the radar sensor market by radar type ( imaging radar, CW radar, pulse radar, non-imaging radar, speed gauge, altimeter), technology (time domain reflectometry (TDR), ultra-wideband (UWB), RF MEMS-based radar sensors, millimeter wave), component ( antenna, duplexer, transmitter, receiver, video amplifier, processing), band (HF, VHF, and UHF bands, L, S, C, and X bands, Ku, K, Ka, V, and W bands), range (short-range radar, mid-range radar, long-range radar), application (automotive, aerospace and defense, industrial, security and surveillance, traffic monitoring and management, environmental and weather monitoring, others (medical, healthcare, agricultural sectors, and applications used in constructing machines and smart electronic devices)), end use industries (commercial sector, government sector, industrial sector), and region (North America, Europe, Asia Pacific (APAC), Rest of the World (ROW))?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the radar sensor market?
Q.5 What are the business risks and threats to the radar sensor market?
Q.6 What are emerging trends in this radar sensor market and the reasons behind them?
Q.7 What are some changing demands of customers in the radar sensor market?
Q.8 What are the new developments in the radar sensor market? Which companies are leading these developments?
Q.9 Who are the major players in this radar sensor market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this radar sensor area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, radar sensor market?
