Asia Pacific Radar Sensor Market to grow at 18% CAGR from 2021 to 2027

1. APAC Radar Sensor Market to Cross USD 13 Bn by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

2. Asia Pacific Radar Sensor Market outlook signals a steady expansion, driven by the growing demand across aerospace and defense sector in the region. Air defense systems, air and traffic control, anti-missile systems, and other aerospace & defense applications deploy radar sensors for accurate detection of enemy drones, manned, and unmanned aircrafts. As the regional governments have been allocating an expanding budget for strengthening the military & defense sector, the inclination toward latest fighter jets and ground missile systems is rising. For instance, the government of Japan recently announced a defense budget worth $51.7 billion for FY2021. The imaging radar segment claimed over 60% of APAC radar sensor industry share during the past and is expected to expand at a promising 20% CAGR over 2021- 2027. The high-paced growth can be attributed to the escalating purchases of electric cars and autonomous cars in the region. Integration of imaging radars in ADAS systems enhances the detection capabilities of vehicles. It ensures high performance in all kinds of weather conditions, including heavy rain, fog, and darkness. The need for speed gauge amongst automotive OEMs is growing continuously. Adding to this demand, the regional governments are introducing favorable mandates, fostering Asia Pacific radar sensor industry forecast. For instance, in India Transport Ministry mandated the integration of reverse parking alert systems in every new bus and truck manufactured from April 2020 onward, in order to address the issue of increasing road accidents. Asia Pacific radar sensor industry trends are accelerated by the growing focus of radar sensor manufacturers toward the development of 4D imaging radars. For instance, NXP Semiconductors N.V. launched its 4D imaging radar sensor in December 2020. It provides a 360-degree safety to the drivers and the vehicle. By 2027, APAC radar sensor industry size is projected to be worth more than $13 billion, triggered by the growing use of these devices across automotive industry. As the trending adoption of IIoT sweeps across the Asian manufacturing facilities, more industrial robots are expected to be required across Asia. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

3. Get sample copy of this research report @ https://bit.ly/3QrygSA These robots are configured with mm wave radar sensor that deliver superior vision-based safety, preventing collision, and speeding up production rate. Asia Pacific radar sensor market share from the industrial application segment is slated to rise at a 19% CAGR between 2021 and 2027. The lower dependency on human laborers is encouraging companies in the region to opt for robotic systems with high-quality radar sensors. China radar sensor market size is estimated to grow at over 20% CAGR through 2027, prompted by the accelerated implementation of automation and robotics across manufacturing industries in the region. China installed over 140,000 new industrial robots during 2019, representing nearly 37.6% of the total global robot sales. Chinese defense industry is adding to the momentum of the radar sensor industry in Asia, with its recent announcement of new upgrades to its fifth-generation fighter aircrafts. Featuring a host of advanced sensors, it includes both active electronically scanned radar sensor and passive sensors, the aircraft offers advanced tracking and targeting capabilities. With other Asian nations aspiring to secure equally advanced missile systems and aircrafts, APAC radar sensor market forecast is picking up speed. Request for customization @ https://bit.ly/3zD2ACW ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

4. A few of the leading radar sensor manufacturers and suppliers in Asia Pacific include: • Veoneer Inc. • Analog Devices, Inc. • Infineon Technologies AG • Robert Bosch GmbH • Texas Instruments Incorporated • NXP Semiconductors • Segmentation of Asia Pacific Radar Sensor Market: • Asia Pacific Market, By Types • Imaging radar • Continuous wave (CW) radar • Pulse radar  • Non-imaging radar • Speed gauge • Radar altimeter • Asia Pacific Market, By Range • Short-range radar sensor • Medium-range radar sensors • Long-range radar sensors ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

5. Asia Pacific Market, By Application • Automotive • Aerospace and defense • Industrial • Government and public infrastructure • Others • The above information has been provided for the following countries: • Asia Pacific • China • Japan • India • South Korea • Taiwan ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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