Radar Sensor Market Segmentation:
Range Segment Analysis
The global radar sensor market is segmented and analyzed for demand and supply by range into short-range, medium-range, and long-range radar sensor. Out of which, the long-range radar sensor is estimated to garner the highest revenue by the end of 2035. The growth of the segment can be attributed to its growing use in vehicles, in order to prevent accidents. In India, a total of about 4,12,400 traffic accidents were reported during the course of 2021, killing approximately 1,53,900 lives and injuring about 3,84,4oo others. Driver distraction, which is defined as the divergence of attention away from tasks essential for safe driving towards a competing activity, is becoming more widely acknowledged as a major contributor to accidents, injuries, and fatalities on the road. Hence, the demand for high-range radar sensor is growing. Moreover, this radar sensor is also being extensively used in aircraft radar system. Long-range radars are used to constantly track the locations of both ally and adversary aerial systems. They are designed to actively detect and track multiple targets at long ranges. These radars provide superior situational awareness at all times by enabling command and control centres to create an accurate, current Recognized Air Picture (RAP).
Application Segment Analysis
The global radar sensor market is also segmented and analyzed for demand and supply by application into automotive, aerospace & defense, industrial, and government & public infrastructure. Amongst these, the automotive segment is expected to have significant growth over the forecast period, backed by growing demand for self-driving cars. Moreover, vehicle autonomy levels have improved as a result of tremendous innovation in the automotive sector. The transition from human-driven to autonomous or self-driven cars has been observed in the sector. All automakers are starting to produce autonomous vehicles, and they are vying for market supremacy by offering the most advanced models. Moreover, automakers are concentrating their efforts on sensor research and development, since autonomous vehicles depend on a variety of sensors for navigation.
Our in-depth analysis of the global market includes the following segments:
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