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The radar sensors market size is forecast to increase by USD 17.91 billion at a CAGR of 20.62% between 2023 and 2028. The market in the automobiles industry is experiencing significant growth due to the increasing adoption of advanced driver assistance systems (ADAS). Radar sensors, which use reflected radio waves to measure motion trajectory, are integral to these systems, enabling features such as speed gauges and altimeters. The market is witnessing trends like the emergence of high-resolution non-imaging radar imaging sensors, the integration of radar with global positioning systems (GPS), and the use of wireless technology for data transmission. Additionally, the market is facing challenges such as cost pressure faced by original equipment manufacturers (OEMs) and the need for radar sensors to function effectively in dense mediums, including insulators. Continuous wave radar, both optical and infrared, are popular types of radar sensors used in automobiles, with continuous wave radar offering advantages such as high-resolution and real-time detection. The market is also witnessing the emergence of pulse radar, which uses short bursts of radio waves to measure distance and velocity. Overall, the market is expected to grow significantly due to these trends and challenges, with applications extending beyond automobiles to drones and other industries.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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