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Radar Sensor Market by Type, Technology, Component, Band, Range, Application, Vertical, and Geography - Global Forecast to 2023

Radar Sensor Market: Global Forecast until 2023

  • August 2017
  • 221 pages
  • ID: 3893219
In this report:
The radar sensor market for the automotive application registered a shipment of ##.## million units in 2016 and is expected to reach ##.## million units by 2023, at a CAGR of ##.##% between 2017 and 2023.
The radar sensor market for the A&D application registered a shipment of ##.## thousand units in 2016 and is expected to reach ##.## thousand units by 2023, at a CAGR of ##.##% between 2017 and 2023.

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"The radar sensor market forecasted to grow at a CAGR (Compound annual growth rate) of ~19.5 percent between 2017 and 2023"

The radar sensor market is forecasted to grow from ~$5.9B in 2016 to ~$20.6B by 2023, at a compound annual growth rate (CAGR) of ~19.5 percent between 2017 and 2023. The increase of this market is influenced by the growing focus on safety and security needs in automotive applications, and rising need for border security systems. This sector is further driven by unlocking the wideband 5G and millimeter wave-based RF system capabilities.

"Market for automotive application to hold a main share of the radar sensor market during the estimate period"

Technology has become more advanced and primarily focused on the safety and security needs in several applications including vehicle collision assistance, industrial and public safety, and robotic assistance. Technological advances permit proactive safety features including collision mitigation system and vulnerable road user detection. These growing features are used for combating the rising worldwide accidental rate. Due to these reasons, the automotive firms are implementing radar sensors and systems within its cars.

"Radar sensor market in Asia-Pacific expected to witness the highest increase during the outlook period"

Growing autonomous car developments in Asia-Pac and the increasing demand for radar sensors and systems in countries including China (CN), Japan (JP) and India (IN) are driving the increase of the radar sensor market. This area has become a overall focal point for big investments and business expansion opportunities. As of 2016, China (CN) (with 28,118,794 units), Japan (JP) (with 9,204,590 units), South Korea (KR) (with 4,228,509 units), and India (IN) (with 4,488,965 units) were among the top biggest automobile manufacturers global.

Breakup of the profile of primary members taking part for the analysis is as given below:

• By Company category - Tier 1-45 %, Tier 2-32.0 percent, and Tier 3-23.0 percent

• By Description - C-Level Executives-30%, Directors-45%, and Others-25%

• By Area - North America-26%, Europe-40%, APAC-22%, and RoW-12%

The main firms engaged in the development of radar sensors contain Robert Bosch (RBOS), Continental (CON), Denso Corp (TYO:6902), Delphi Automotive LLP, HELLA KGaA Hueck & Co, Autoliv Inc., Infineon Technologies (ETR:IFX), Lockheed Martin (LMT), NXP Semiconductors (NASDAQ:NXPI), Smart Microwave Sensors GmbH.

Why acquiring this study can help you:

From an insight prospect, this industry report has emphasized several levels of analysis - industry, market ranking review of top actors, value chain study, and company descriptions, DIVE review that comprises and discusses the basic overviews on the competitive landscape; coming out and high-growth segments of the radar sensor market; high-growth areas; and sector drivers, market restraints, opportunities, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on radar sensor provided by the top actors in the global radar sensor market

• Product development/innovative products: Detailed insights regarding R&D activities, emerging technologies, and launches of new product in the radar sensor market

• Market development: Highlighted information about lucrative emerging markets-the report examines the industries for radar sensors across localities

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the global radar sensor market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of the key players in the radar sensor market

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