(MENAFN Editorial) DUBLIN, October 4, 2017 /PRNewswire/ --
The 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
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SOURCE Research and Markets