DUBLIN, October 4, 2017 /PRNewswire/ --

The "Global Radar Sensors Market 2017-2021" report has been added to Research and Markets' offering.

The report forecasts the global radar sensors market to grow at a CAGR of 15.98% during the period 2017-2021.

The report, Global Radar Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is the 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 the 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.

Key vendors

• Continental
• NXP Semiconductors
• Robert Bosch
• ZF Friedrichshafen

Other prominent vendors

• Airbus
• Autoliv
• Banner Engineering
• Raytheon Company
• Saffron Electronics & Defense
• Sivers IMA
• Smartmicro
• Texas instruments
• Others
  

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Market Segmentation By Type

Part 08: Geographical Segmentation

Part 09: Key Leading Countries

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Key Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/4w42sv/global_radar

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SOURCE Research and Markets