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FEATURED COMPANIES
- Continental AG
- Infineon Technologies AG
- NXP Semiconductors
- Robert Bosch GmbH
- ZF Friedrichshafen AG
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
The growing adoption of radar sensors in several applications will drive the market growth in the forthcoming years. Owing to the adoption of radar sensors in logistics, traffic management, industrial, automotive, and smart home applications, the need for radar sensors is likely to surge considerably in the forthcoming years. Increasing penetration of smart homes will further result in an increasing adoption of smart devices integrated with radar sensors, thus, driving the market growth. The analysts have predicted that the radar sensors market will register a CAGR of nearly 18% by 2023.
Market Overview
Growing adoption of radar sensors in several applications
One of the growth drivers of the global radar sensors market is the growing adoption of radar sensors in several applications. The adoption of radar sensors in logistics, traffic management industrial, automotive, and smartphone application is increasing, which will drive the growth of the market.
Growing adoption of LiDAR sensors
One of the challenges in the growth of the global radar sensors market is the growing adoption of LiDAR sensors. This is due to their low price when compared with radar sensors, which is affecting the sales of radar sensors and hinder the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the radar sensors market during 2019-2023, view this report.
Competitive Landscape
The market appears to be concentrated and with the presence of a few market players. OEMs in the market are collaborating with automotive camera manufacturers to incorporate cameras and radar sensors into a single module in a vehicle, which will result in the integration of sensor fusion technologies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Market Overview
Growing adoption of radar sensors in several applications
One of the growth drivers of the global radar sensors market is the growing adoption of radar sensors in several applications. The adoption of radar sensors in logistics, traffic management industrial, automotive, and smartphone application is increasing, which will drive the growth of the market.
Growing adoption of LiDAR sensors
One of the challenges in the growth of the global radar sensors market is the growing adoption of LiDAR sensors. This is due to their low price when compared with radar sensors, which is affecting the sales of radar sensors and hinder the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the radar sensors market during 2019-2023, view this report.
Competitive Landscape
The market appears to be concentrated and with the presence of a few market players. OEMs in the market are collaborating with automotive camera manufacturers to incorporate cameras and radar sensors into a single module in a vehicle, which will result in the integration of sensor fusion technologies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Continental AG
- Infineon Technologies AG
- NXP Semiconductors
- Robert Bosch GmbH
- ZF Friedrichshafen AG
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 10: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: MARKET SEGMENTATION BY PRODUCT
PART 09: GEOGRAPHIC LANDSCAPE
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSIS
PART 15: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- Continental AG
- Infineon Technologies AG
- NXP Semiconductors
- Robert Bosch GmbH
- ZF Friedrichshafen AG
Global Radar Sensors Market 2019-2023
The analyst recognizes the following companies as the key players in the global radar sensors market: Continental AG, Infineon Technologies AG, NXP Semiconductors, Robert Bosch GmbH, and ZF Friedrichshafen AG.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing adoption of sensor fusion technology.”
According to the report, one of the major drivers for this market is the growing adoption of radar sensors in several applications.
Further, the report states that one of the major factors hindering the growth of this market is the growing adoption of LiDAR sensors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The analyst recognizes the following companies as the key players in the global radar sensors market: Continental AG, Infineon Technologies AG, NXP Semiconductors, Robert Bosch GmbH, and ZF Friedrichshafen AG.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the growing adoption of sensor fusion technology.”
According to the report, one of the major drivers for this market is the growing adoption of radar sensors in several applications.
Further, the report states that one of the major factors hindering the growth of this market is the growing adoption of LiDAR sensors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Continental AG
- Infineon Technologies AG
- NXP Semiconductors
- Robert Bosch GmbH
- ZF Friedrichshafen AG
Note: Product cover images may vary from those shown
