Radar Sensors Market Size to Grow by USD 15.07 Bn, Increasing Use of Drones in Numerous Applications to Boost Market Growth - Technavio

NEW YORK, Nov. 2, 2022 /PRNewswire/ -- The "Radar Sensors Market by Application, Product, and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the radar sensors market size between 2021 and 2026 is USD 15.07 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report

• Market Driver: The increasing use of drones in numerous applications is driving market growth. Some of the applications of drones include inspection of powerlines and grids, science and research for documentation purposes, surveying and mapping of geological sites, and use in search and rescue operations. Vendors are launching products with advanced features. For instance, in September 2018, Ainstein announced the launch of two new customizable radar sensors for drone applications, namely Ultra Long-Range Airborne (ULAB-D1) and Ultra Long-Range Ground-Based (ULGB-D1) radar. Thus, the increase in demand for drones and the launch of advanced products are expected to drive the growth of the market during the forecast period.
• Market Challenge: The cost pressure faced by OEMs is challenging market growth. Environment and safety standards have compelled OEMs to comply with regulations while selling vehicles at low costs. According to the National Automobile Dealers Association, compliance with the US Corporate Average Fuel Economy standards may lead to an increase in the manufacturing cost of a vehicle by USD 1,000. Such factors may hinder the market for several types of sensors, such as LiDAR and radar, as well as the overall growth of the market during the forecast period.

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The radar sensors market is fragmented, and the vendors are deploying growth strategies such as new product launches to compete in the market. Global and regional market players are competing for market dominance through new innovative products. Vendors are focusing on expanding their client base across all end-user industries. Moreover, there are prominent strategic mergers and acquisitions to incorporate new technological capabilities. Vendors are leveraging strategic collaborative initiatives to increase their market share and profitability.

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The radar sensors market report is segmented by application (automotive, aerospace and defense, industrial, and others), product (non-imaging sensors and imaging sensors), and geography (North America, APAC, Europe, South America, and Middle East and Africa). North America will be the leading region with 37% of the market's growth during the forecast period. The US is a key country for the radar sensors market in North America.

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• Ainstein Inc.
• Arbe
• Banner Engineering Corp.
• Continental AG
• DENSO Corp.
• HELLA GmbH and Co. KG
• Infineon Technologies AG
• InnoSenT GmbH
• Israel Aerospace Industries Ltd.
• Lockheed Martin Corp.
• MediaTek Inc.
• NXP Semiconductors NV
• Raytheon Technologies Corp.
• Robert Bosch GmbH
• S.m.s Smart Microwave Sensors GmbH
• Sivers Semiconductors AB
• Steradian Semiconductors Pvt. Ltd.
• Texas Instruments Inc.
• Vayyar Imaging Ltd.
• ZF Friedrichshafen AG

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Sensors Market for Smartphones by Price and Geography - Forecast and Analysis 2022-2026: This report extensively covers segmentation by price (premium range, medium range, and low range) and geography (APAC, North America, Europe, South America, and Middle East and Africa). 76% of the market's growth will originate from APAC during the forecast period. The market share growth in the premium range segment will be significant.

Traffic Sensors Market by Application and Geography - Forecast and Analysis 2022-2026: This report extensively covers segmentation by application (vehicle measurement and profiling, traffic monitoring, weigh in motion, and automated tolling) and geography (North America, Europe, APAC, South America, and Middle East and Africa). 32% of the market's growth will originate from Europe during the forecast period. The traffic sensors market share growth by the vehicle measurement and profiling segment will be significant.

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 25: Chart on Application - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 27: Chart on Comparison by Application
• Exhibit 28: Data Table on Comparison by Application

• 5.3 Automotive - Market size and forecast 2021-2026
• Exhibit 29: Chart on Automotive - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Automotive - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Automotive - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Automotive - Year-over-year growth 2021-2026 (%)

• 5.4 Aerospace and defense - Market size and forecast 2021-2026 
• Exhibit 33: Chart on Aerospace and defense - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Aerospace and defense - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Aerospace and defense - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Aerospace and defense - Year-over-year growth 2021-2026 (%)

• 5.5 Industrial - Market size and forecast 2021-2026
• Exhibit 37: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on Industrial - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

• 5.6 Others - Market size and forecast 2021-2026
• Exhibit 41: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 44: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Application 
• Exhibit 45: Market opportunity by Application ($ million)

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 46: Chart on Product - Market share 2021-2026 (%)
• Exhibit 47: Data Table on Product - Market share 2021-2026 (%)

• 6.2 Comparison by Product 
• Exhibit 48: Chart on Comparison by Product
• Exhibit 49: Data Table on Comparison by Product

• 6.3 Non-imaging sensors - Market size and forecast 2021-2026
• Exhibit 50: Chart on Non-imaging sensors - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Non-imaging sensors - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Non-imaging sensors - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Non-imaging sensors - Year-over-year growth 2021-2026 (%)

• 6.4 Imaging sensors - Market size and forecast 2021-2026
• Exhibit 54: Chart on Imaging sensors - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Imaging sensors - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Imaging sensors - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Imaging sensors - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Product 
• Exhibit 58: Market opportunity by Product ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 60: Chart on Market share by geography 2021-2026 (%)
• Exhibit 61: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 62: Chart on Geographic comparison
• Exhibit 63: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2021-2026
• Exhibit 64: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.4 APAC - Market size and forecast 2021-2026
• Exhibit 68: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.5 Europe - Market size and forecast 2021-2026
• Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 76: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 80: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026
• Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 China - Market size and forecast 2021-2026
• Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.10 Germany - Market size and forecast 2021-2026
• Exhibit 92: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.11 Japan - Market size and forecast 2021-2026
• Exhibit 96: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.12 UK - Market size and forecast 2021-2026
• Exhibit 100: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 101: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 102: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 104: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 108: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 109: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 11.3 Banner Engineering Corp. 
• Exhibit 111: Banner Engineering Corp. - Overview
• Exhibit 112: Banner Engineering Corp. - Product / Service
• Exhibit 113: Banner Engineering Corp. - Key offerings

• 11.4 Continental AG 
• Exhibit 114: Continental AG - Overview
• Exhibit 115: Continental AG - Business segments
• Exhibit 116: Continental AG - Key news
• Exhibit 117: Continental AG - Key offerings
• Exhibit 118: Continental AG - Segment focus

• 11.5 DENSO Corp. 
• Exhibit 119: DENSO Corp. - Overview
• Exhibit 120: DENSO Corp. - Business segments
• Exhibit 121: DENSO Corp. - Key news
• Exhibit 122: DENSO Corp. - Key offerings
• Exhibit 123: DENSO Corp. - Segment focus

• 11.6 HELLA GmbH and Co. KG 
• Exhibit 124: HELLA GmbH and Co. KG - Overview
• Exhibit 125: HELLA GmbH and Co. KG - Business segments
• Exhibit 126: HELLA GmbH and Co. KG - Key offerings
• Exhibit 127: HELLA GmbH and Co. KG - Segment focus

• 11.7 Lockheed Martin Corp. 
• Exhibit 128: Lockheed Martin Corp. - Overview
• Exhibit 129: Lockheed Martin Corp. - Business segments
• Exhibit 130: Lockheed Martin Corp. - Key news
• Exhibit 131: Lockheed Martin Corp. - Key offerings
• Exhibit 132: Lockheed Martin Corp. - Segment focus

• 11.8 MediaTek Inc. 
• Exhibit 133: MediaTek Inc. - Overview
• Exhibit 134: MediaTek Inc. - Product / Service
• Exhibit 135: MediaTek Inc. - Key news
• Exhibit 136: MediaTek Inc. - Key offerings

• 11.9 NXP Semiconductors NV 
• Exhibit 137: NXP Semiconductors NV - Overview
• Exhibit 138: NXP Semiconductors NV - Product / Service
• Exhibit 139: NXP Semiconductors NV - Key news
• Exhibit 140: NXP Semiconductors NV - Key offerings

• 11.10 Robert Bosch GmbH 
• Exhibit 141: Robert Bosch GmbH - Overview
• Exhibit 142: Robert Bosch GmbH - Business segments
• Exhibit 143: Robert Bosch GmbH - Key news
• Exhibit 144: Robert Bosch GmbH - Key offerings
• Exhibit 145: Robert Bosch GmbH - Segment focus

• 11.11 Texas Instruments Inc. 
• Exhibit 146: Texas Instruments Inc. - Overview
• Exhibit 147: Texas Instruments Inc. - Business segments
• Exhibit 148: Texas Instruments Inc. - Key news
• Exhibit 149: Texas Instruments Inc. - Key offerings
• Exhibit 150: Texas Instruments Inc. - Segment focus

• 11.12 ZF Friedrichshafen AG 
• Exhibit 151: ZF Friedrichshafen AG - Overview
• Exhibit 152: ZF Friedrichshafen AG - Business segments
• Exhibit 153: ZF Friedrichshafen AG - Key news
• Exhibit 154: ZF Friedrichshafen AG - Key offerings
• Exhibit 155: ZF Friedrichshafen AG - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 156: Inclusions checklist
• Exhibit 157: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 158: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 159: Research methodology
• Exhibit 160: Validation techniques employed for market sizing
• Exhibit 161: Information sources

• 12.5 List of abbreviations 
• Exhibit 162: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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