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Global Radar Sensor Market size was valued at USD 10.94 billion in 2021 and is poised to grow from USD 12.37 billion in 2022 to USD 33.14 billion by 2030, growing at a CAGR of 13.1% in the forecast period (2023-2030).<br><br>
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Global Radar Sensor Market Size, Share, Growth Analysis- Industry Forecast 2023-2030 Global Radar Sensor Market size was valued at USD 10.94 billion in 2021 and is poised to grow from USD 12.37 billion in 2022 to USD 33.14 billion by 2030, growing at a CAGR of 13.1% in the forecast period (2023-2030). Radar sensors can detect motion, arrival distance and range, speed, and direction of movement. Their applications are becoming more diverse, and the commercialization in the sector is accelerating due to advancements in digital and RF/microwave technologies. There are many radar applications available today, ranging from traditional defence and surveillance to automotive radar for driver assistance to biomedical radar for imaging, monitoring, and treatment. The competitive environment necessitates rapid cycles of design, system integration, prototyping, and testing for all of these applications. Furthermore, the use of corner radar for 360-degree surveillance of the vehicle, aided by 24 GHz short- and mid-range radars, is gaining traction for high-resolution tracking. With high channel numbers for high- resolution imaging radar, this improves target separation or object recognition. The increased focus on safety and security requirements in automotive applications, as well as rising demand for IoT and smart devices in developing countries, are major factors driving market growth. Furthermore, rising government initiatives to mandate the integration of safety systems in vehicles to avoid accidents will increase the value of the Global Radar Sensor Market. View More Info @:https://www.skyquestt.com/report/radar-sensor-market
Radar Sensor Market Top Player's Company Profiles •NXP Semiconductors N.V. •Infineon Technologies AG •Texas Instruments Inc. •Analog Devices, Inc. •Rohm Semiconductor •STMicroelectronics N.V. •ZF Friedrichshafen AG •HELLA GmbH & Co. KGaA •Robert Bosch GmbH •Autoliv Inc. •Delphi Technologies •Valeo SA •Panasonic Corporation •Mitsubishi Electric Corporation
•TE Connectivity Ltd. •Murata Manufacturing Co., Ltd. •SICK AG •Kongsberg Gruppen AS AboutUs: SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally. Address: 1 Apache Way, Westford, Massachusetts 01886 Phone: USA(+1)617-230-0741 Email: sales@skyquestt.com
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