About Radar Sensors
A radar sensor is an electronic device that identifies the position and velocity of a distant object such as a vehicle, aircraft, or ship. Radar sensors identify electromagnetic emissions with the help of radio receivers. When the transmission is detected, the person in the vehicle is informed. Currently, the GPS technology is installed into radar sensors, and it aids the storage of locations indicated by the sensor when the user reaches their destination in addition to detecting objects, the radar sensors provide information such as range, speed, direction, and Doppler velocity.
Technavio’s analysts forecast the global radar sensors market to grow at a CAGR of 15.98% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global radar sensors market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Radar Sensors Market 2017-2021
Technavio recognizes the following companies as the key players in the global radar sensors market: Continental, NXP Semiconductors, Robert Bosch, and ZF Friedrichshafen.
Other Prominent Vendors in the market are: Airbus, Autoliv, Banner Engineering, Delphi Automotive, DENSO, HELLA KGaA Hueck & Co., Infineon Technologies, InnoSenT, Lockheed Martin, Omniradar, Raytheon Company, Saffron Electronics & Defense, Sivers IMA, Smartmicro, and Texas instruments.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing adoption of FMCW radar sensors in different applications. Radar-based sensors are ideal for collision avoidance onboard mobile equipment such as reach stackers, forklifts, and mining vehicles or port machinery such as carriers, handlers, and shippers. Radar sensors offer superior distance measurement functions in applications that require repeatability, reliability, and accuracy. Resolutions of up to 2 cm can be obtained over the distance of 20-30 m due to the short wavelength that these radar sensors use, i.e., 12 mm for a 24 GHz signal. FMCW sensors thus provide excellent performance in applications like tank-level gauging that require non-contact measurements with high resolution. FMCW sensors are also being used in oil and liquefied natural gas (LNG) tankers.”
According to the report, one of the major drivers for this market is Radar sensor-based ADAS applications are more economical. Autonomy requires both accuracy and precision in terms of mapping of a vehicle's surroundings. At present, the average price of radar sensors is $1,920.77, and the average price of LiDAR sensors is $7,999. Thus, the price of radar sensors is much lower as compared to LiDAR sensors. The 24 GHz radar sensors that are used for industrial and automotive applications are more suitable for automotive applications that are less expensive.
Further, the report states that one of the major factors hindering the growth of this market is Radar sensor design challenges. Radar systems operate in a broad range of temperatures. Hence, the radar sensors should be able to operate in these temperature ranges. Factors such as object sensitivity, range, and environmental aspects can impact the sensor performance. In order to maintain the reliability and preciseness of radar systems under diverse temperature ranges, the adoption of on-chip temperature compensation technique is required. The adoption of this technique can reduce the variations in performance during the chip's operational life.
Continental, NXP Semiconductors, Robert Bosch, ZF Friedrichshafen, Airbus, Autoliv, Banner Engineering, Delphi Automotive, DENSO, HELLA KGaA Hueck & Co., Infineon Technologies, InnoSenT, Lockheed Martin, Omniradar, Raytheon Company, Saffron Electronics & Defense, Sivers IMA, Smartmicro, and Texas instruments.