As per a market study released by Technavio titled “Global Radar Sensors Market 2017-2021”, the global radar sensors market is expected to grow at a CAGR of close to 16% during the forecast period. The report analyzes the market in terms of revenue and emerging market trends. It also includes an up to date analysis and forecasts for various market segments and all geographical regions.
The market research analysis categorizes the global radar sensors market into three major application segments:
- Automotive
- Aerospace and defense
- Industrial
Market by automotive sector
The radar sensors in the automotive sector will be used in several applications such as adaptive cruise control (ACC), advanced emergency braking system (AEBS), blind spot detection (BSD), collision avoidance (CA), pedestrian protection system (PPS), park assist systems (PAS), and lane departure warning system (LDWS). Countries across the globe are introducing regulations that involve making AEBS mandatory as the statistics show the lifesaving capabilities of such advanced systems. For instance, in 2016, the US Department of Transportation mandated vehicles to employ standard safety features such as AEBS by 2022.
Market by aerospace and defense sector
Radar sensors are increasingly finding applications in airborne, naval, ground and space based platforms. Electronic-warfare systems and electronic countermeasures are increasingly using radar sensors for better operations. In addition, the demand for radar sensors is growing due to increasing applications in defense surveillance over borders vulnerable to attacks. The growing instances of terrorism across the globe are generating a demand for all these applications, thus driving the radar sensors market.
The automatic sense and avoid (SAA) systems are gaining significance in the research of UAVs since UAVs are used in many applications in the aerospace and defense sector. Vendors are offering radar sensors that provide an opportunity for enhancing the identification and tracking of targets. SAA is also playing an increasing role in the aerospace industry. It is used for identifying and tracking obstacles, missiles, and aircraft. Thus, the aerospace industries across the globe are developing SAA for unmanned aircraft systems (UASs).
Market by industrial sector
The industrial sector involves the use of radar sensors in different industries such as oil and gas, chemical, and mining. Radar sensors are used for tank-level probing in industrial applications. They play an important role in identifying the levels of liquids in tanks and the level of bulk goods such as in silos. The robustness of the radar technology is particularly needed in the filling level measurements of fluids in the industrial sector.
The top vendors highlighted by Technavio’s market research analysts in this report are:
- Continental
- NXP Semiconductors
- Robert Bosch
- ZF Friedrichshafen
For more details, contact Technavio Research in the US at 844-364-1100