Radar Sensor Market Trends

Growth Drivers

• Rise in Demand for Agriculture Crops - India's economy continues to be primarily based on agriculture, which is also the cornerstone of its socioeconomic progress. Almost two thirds of the population depend on the sector, which contributes about 19% of the GDP. Hence, in order to ensure the quality of crops, the demand for radar sensors is growing in this sector. Crop structure and moisture content are both susceptible to radar. Crop vigor related to biomass, leaf area index, and height, water stress, damage from weather events, and insect infestation are all examined with the use of a radar sensor. Variations in crop structure and moisture content are indications of crop condition and crop damage.

• Growing Use of 5G Technology in Radar Sensing - A recent study into the potential application of 5G as radar-such as surveillance equipment was supported by the US Air Force and the US Department of Defense. The study was sponsored with an about USD 296k grant from the Air Force Office of Scientific Research's Dynamic Data and Information Processing programme, and the required equipment was purchased with an approximately USD 294k grant from the DOD's Defense University Research Instrumentation Program.

• Rising Geriatric Population - According to the World Health Organization, one in six individuals on the planet would be 60 or older by 2030. By this point, there would be 1.4 billion people over the age of 60, up from 1 billion in 2020. Growing age brings various health related issues. Hence, in order to identify those issues biomedical radar for imaging, monitoring and treatment is used. Large number of adults above 60 are estimated to have monthly monitoring. Therefore, this factor is estimated to boost the growth of the market.

• Government Stringent Policy to Make Radar Mandatory in Vehicles - By 2022, the government of India intends to have an advanced driver assistance system (ADAS) as a requirement for all passenger cars and large vehicles, such as trucks and buses. The transport minister stated that by 2021, these elements were expected to be required in several western nations, leading the Indian government to decide to improve their plan as well.

• Upsurge in Adoption of Radar Sensors in Traffic Monitoring - According to the Federal Highway Administration (FHWA), junctions or areas close to them account for more than half of all fatal and injury crashes. Researchers from the University of Arizona, Siyang Cao, Yao-jan Wu, Feng Jin, and Xiaofeng Li, have addressed the issue in their most recent report funded by the National Institute for Transportation and Communities (NITC), Development of Intelligent Multimodal Traffic Monitoring using Radar Sensor at Intersections, by creating a high-resolution radar sensor that can accurately distinguish between vehicles and pedestrians. Regardless of the illumination and weather conditions, this sensor also provides information about the counts, speeds, and directions of each moving target.

Challenges

• Rising Adoption of LiDAR Sensor - LiDAR sensors are being used more frequently since they produce a precise 3D monochromatic image of an item and since their shorter wavelength makes it easier to detect tiny objects. These sensors use longer wavelengths and are therefore unable to give the user a precise image of an object. Some of the challenges impeding the growth of the radar sensor market include the inability of radar sensors to detect tiny items and the inability of radar sensors to swiftly and precisely measure the distance between objects. Hence, the preference for LiDAR sensors is growing, further hampering the market growth.

• High Development & Initial Cost

• Growing Misuse of This Device by People