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Radar Sensor Market 2021-2027; Growth Forecast & Industry Share Report

Considering an instance, in December 2020, a leading manufacturer in the automotive radar sensor market, NXP Semiconductors, launched an array of advanced chipset solutions, equipped for providing a 360 degree safeguard to vehicles by enabling the classification and identification capacities of imaging radar.

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Radar Sensor Market 2021-2027; Growth Forecast & Industry Share Report

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  1. Radar Sensor Market Regional Trend 2021 | Growth Projections to 2027

  2. Industry Insights: • The pulse radar segment in the radar sensor market held a substantial share of 25.5 per cent in 2020 and is projected to exhibit a considerable CAGR of 18.5 per cent through 2027. This is due to the wide incorporation of pulse radar systems in government and public infrastructure development applications. The sensors provide numerous intuitive features, comprising higher reliability and precision, as compared to non-imaging radars. • The surging adoption of technologies, comprising robotics and IoT, and the soaring digitalization in the industrial sector are expected to escalate radar sensor market share through the forecasted period. As per the International Federation of Robotics Reports 2020, there were nearly 2.7 million industrial robots operating across factories at the global level, accounting for an upsurge of 12 per cent as compared to the previous years.

  3. Considering an instance, in December 2020, a leading manufacturer in the automotive radar sensor market, NXP Semiconductors, launched an array of advanced chipset solutions, equipped for providing a 360 degree safeguard to vehicles by enabling the classification and identification capacities of imaging radar. • The solution has 77GHz transceivers and state-of-the-art radar processors that provide carmakers scalable and flexible configurations, which address NCAP needs for front radar and corner applications. The product provides the first commercially viable path towards the volume production of 4D imaging radar. • Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3349 • This growth is ascribed to the increasing product usage across various applications such as area monitoring, robotics, collision prevention, level transmitters, building security, and people counting. The industrial application segment in the radar sensor industry accounted for nearly 16.0 per cent of the overall market revenue in 2020 and is anticipated to grow at a remarkable CAGR of 16.5 per cent through 2027.

  4. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/radar-sensor-market Chapter 5 Radar Sensors Market, By Type 5.1 Key trends by type 5.2 Imaging radar 5.2.1 Market estimates and forecast, 2016 – 2027 5.2.2 Continuous wave (CW) radar 5.2.2.1 Market estimates and forecast, 2016 – 2027 5.2.3 Pulse radar

  5. 5.2.3.1 Market estimates and forecast, 2016 – 2027 5.3 Non-imaging radar 5.3.1 Market estimates and forecast, 2016 – 2027 5.3.2 Speed gauge 5.3.2.1 Market estimates and forecast, 2016 – 2027 5.3.3 Radar altimeter 5.3.3.1 Market estimates and forecast, 2016 – 2027

  6. Region: • The Europe radar sensor market accounted for an appreciable share of 19.5 per cent in 2020. The region is estimated to exhibit an appreciable CAGR of nearly 12.5 per cent through 2027. The market is driven by a surge in government initiatives for the acceleration of the defense sector by integrating technology innovations with new safety systems.

  7. Key Players • smart microwave sensors GmbH Sick AG • Socionext Inc • TeraSilIC CO.LTD. • Texas Instruments Incorporated • UWT GmbH • Vayyar Imaging Ltd • VeoneerInc. • Xiamen IMSEMI technology Co.Ltd

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