The global radar market is anticipated to grow at a considerable CAGR of 3.7% during the forecast period (2024-2031). The rising adoption in automotive of radar is one of the prime factors affecting and driving the market. The radar within the ADAS that is advanced driver-assistance systems support in preventing and protecting the drivers from any accidents by alerting the driver. Through electronically looking forward, backward along with around corners, safe and convenience driving can be made effectively possible with the support of radar. Additionally, automotive radars can take the advantages of frequency spectrum at 24 and 77 GHz to give the experience of better driving from monotonous tasks and reducing driver stress that is in turn driving the growth of the market.
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To gain on the opportunity key players operating in the global radar market had been adopting strategy such as new launches to achieve major market share. For instance, in February 2020, Fortem Technologies, Inc. had introduced TrueView R30 radar to its end to end C-UAS solution. The new radar is high performing that is considered to be cost-effective along with short and mid-range net-workable.
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Market Coverage
- Segment Covered-
o By Type
o By Application
o By Range
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Accipiter Radar, BAE Systems, Cambridge Pixel Ltd., HENSOLDT, and L3Harris Technologies, Inc.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Radar Market – Segmentation
By Type
- Pulsed Radar
- Continuous Wave Radar
By Application
- Weather Monitoring
- Automotive
- Industrial
- Aerospace and Defense
By Range
- Short Range Radar
- Medium Range Radar
- High Range Radar
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