In a recent report, Acumen Research and Consulting finds the radar-sensor market possibly reaching $35.23 Billion by 2026, progressing at a 20% CAGR. The research report cites radar sensors market growth drivers as being increasing territorial conflicts in various regions, growing focus on comfort and safety, geopolitical instabilities, rising adoption of radar sensor in defense sector where militaries look forward to replacing legacy systems, and assistance features in vehicles. The players profiled in the report include Inelta Sensor Systems GmbH & Co. KG, Micro-Epsilon, Solartron Metrology, Trans-Tek Inc., RDP Electronics Ltd., and Kyowa Electronic Instruments Co., Ltd.
Report Highlights
- The radar sensor market for automotive applications is expected to grow at a high rate during the forecast period.
- The market for non-imaging radar sensors is 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 from automotive and military investment.
- North America is expected to hold the largest share.
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Acumen Research and Consulting