On-board Connectivity Market Forecasts to 2028 – Global Analysis By Component (Hardware and Services), Technology (Satellite and Ground To Air), Application (Communication, Entertainment and Monitoring), End User and By Geography

On-board Connectivity Market Forecasts to 2028 – Global Analysis By Component (Hardware and Services), Technology (Satellite and Ground To Air), Application (Communication, Entertainment and Monitoring), End User and By Geography

According to Stratistics MRC, the Global Radar Sensor Market is accounted for $14.08 billion in 2022 and is expected to reach $32.74 billion by 2028 growing at a CAGR of 15.1% during the forecast period. A radar sensor is an electrical device that measures the speed and location of objects that are far away, such as an aeroplane, ship, car, or motorcycle. A superheterodyne receiver is used by radar sensors to detect electromagnetic emissions. When the transmission is discovered, it then alerts the occupant of the car. Currently, GPS technology is included in these sensors, allowing for the storing of locations prompted by the sensor when the user arrives at their destination.

According to OICA, in 2021, about 80 million motor vehicles were produced worldwide. This was an increase of about 3% compared to the previous year (2020). According to the National Cybersecurity Center of Excellence, in 2019, there were 6.4 billion connected devices projected and raised to approximately 20 billion in 2020.

Market Dynamics:

Driver:

Increasing demand to avoid road accidents and enhance safety will propel growth

The number of traffic accidents is rising daily as a result of fast cars. In order to determine the vehicle's speed limit, police and other law enforcement organizations employ a radar gun. These detectors provide information about police radar guns to vehicle owners. Therefore, it aids in lowering traffic accidents. A survey from the World Health Organization (WHO) estimates that 1.3 million individuals lose their lives in traffic accidents every year. According to the survey, one of the main causes of traffic accidents on the road is excessive speed. By 2030, the UN General Assembly wants to cut in half the number of injuries and fatalities caused by traffic accidents worldwide.

Restraint:

Stringent government rules and legal issues

In several nations, installing radar detectors in automobiles is prohibited. In Florida, it is against the law to install these devices in commercial vehicles that weigh more than 10,000 pounds. Therefore, using a jammer or detector in business vehicles is prohibited in various nations. The use of these devices is prohibited by the state of Western Australia, and the restriction will take effect in October 2020. The District of Columbia and Virginia both outlaw the use of detectors in any kind of vehicle. Furthermore, the illegality of these detectors in Latin American nations like Brazil and others restrains the market's expansion.

Opportunity:

Manufacturing of compact design and low-cost detectors

The market is growing as a result of the introduction of next-generation technologies by original equipment manufacturers (OEMs) to decrease product cost and size. The market is expanding due to rising demand for cutting-edge systems with GPS integration and false alarm alert systems. Radar, laser, and VG-2 signals can be detected by next-generation equipment. For drivers, it increases accuracy and real-time information. The Escort Max 360c, Uniden R7, and Cobra RAD 350 are a few of the most well-known detectors in the world.

Threat:

Electronic countermeasure

The difficulties of radar-based applications are electromagnetic jamming of radars and noise interruptions during satellite transmission. Electronic countermeasures (ECM) are used to reduce the efficiency of military radar systems. False target generating functions, noise jamming, chaff, and decoys are all components of ECM. Regarding the intended military applications, these functions are situation-specific. The enemy's radar is bombarded with interference signals by jammers or electronic countermeasures (ECM), which can disrupt the entire surveillance operation by blocking the receiver with intense noise. The interference in electromagnetic noise that space-based radar systems have recently experienced from cosmic rays and other sources makes the surveillance process tough for the defence industry.

Covid-19 Impact

The COVID-19 outbreak has impacted radar sensor sector growth by lowering demand from the aerospace and automobile industries. Due to the global economic downturn, some nations are seeing a fall in demand for detectors. The dynamics of this market have changed as a result of a decrease in the demand for detectors brought on by a general downturn in GDP values. Corona virus spread on a global scale, reducing OEM production of detecting equipment. Production has ceased, the supply chain has been disrupted, and the demand from law enforcement has reduced.

The mid-range radar sensor segment is expected to be the largest during the forecast period

The mid-range radar sensor segment is estimated to have a lucrative growth, due to the majority of uses for mid-range radar sensors are in the automotive industry, including adaptive cruise control and long-range object detections; in A&D, ground proximity identification; and in industrial settings, including construction machine zones and collision protection. Mid-range radar sensors for applications are the main focus of businesses like Infineon and NXP Semiconductor N.V.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increase of concerns over the safety and security of passengers onboard vehicles, preventing them from traffic accidents or mishaps, the radar sensor market will grow quickly in automotive applications. Since automotive radar sensors are used in every automobile and vehicle as well as in projects involving autonomous vehicles, a larger adoption rate of these sensors is anticipated in the upcoming years.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to the presence of substantial military and defence infrastructure in North American countries such as the United States and Canada drives the market in this region. Due to the existence of important suppliers, manufacturers, and OEMs that are fiercely competitive, such as Northrop Grumman Corporation and Lockheed Martin Corporation, the area also has the most technologically advanced market for applications.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the rise in concern about preventing traffic accidents is blamed for the expansion. Additionally, the market's expansion in Europe is boosted by the presence of important players like GENEVO, Axis Communications AB, and others.

Key players in the market

Some of the key players profiled in the Radar Sensor Market include Autoliv Inc., Arbe Robotics, Continental AG, Denso Corporation, Delphi Automotive LLP, Hella KGaA Hueck & Co, Infineon Technologies AG, Lockheed Martin Corporation, NXP Semiconductors NV, Robert Bosch GmbH, Smart Microwave Sensors GmbH, Oculli Corporation, Omniradar B.V.

Key Developments:

In April 2021, Continental has unveiled its sixth generation of long-range radar and surround radar. Both radar sensors share a hardware and software platform that reduces complexity and costs. Production will start in 2023.

In April 2017, Germany's Robert Bosch (Germany) collaborated with Chinese Internet giant Baidu Inc. and domestic mapping firms AutoNavi and NavInfo Co Ltd on automated driving projects.

In December 2016, Denso (Japan) acquired a majority of Fujitsu Ten Ltd., a Japanese information and communication technology company. This acquisition strengthens Denso's development of ADAS, millimeter-wave radar, and other technologies that underpin self-driving cars.

In November 2016, Delphi Corp. (UK) signed a deal with Intel to buy high-powered computer processors for Delphi's future autonomous vehicle systems. Intel Corp. supplies Delphi with high-capacity computers, needed to process input from radar, cameras and laser sensors, as well as maps of roadside landmarks.

In November 2016, Continental AG (Germany) announced that its chassis and safety division started the production of ABS and ESC units in India. A new assembly line for ABS and ESC for passenger cars and later ABS for two-wheelers set up in the Continental Automotive Brake Systems plant in Haryana. The local production start of the Electronic Control Unit (ECU) is planned for 2018 in Bangalore. Based on ESC, surrounding sensors such as radar, camera, and lidar technology are required for new predictive driver assistance systems.

Types Covered:
• Imaging Radar
• Non-Imaging Radar

Technologies Covered:
• Time Domain Reflectometry
• Brake Lining
• Silicon-Germanium
• Manufacturing Technologies
• Metal-Oxide Semiconductor
• Gallium-Nitride
• Ultra-Wideband
• Other Technologies

Components Covered:
• Video Amplifier
• Antenna
• Transmitter
• Processing
• Duplexer
• Receiver

Ranges Covered:
• Short-range radar sensor
• Mid-range radar sensor
• Long-range radar sensor

Bands Covered:
• HF, VHF, and HUF Bands
• L, S, C, and X Bands
• Ku, K, Ka, V, and W Bands

Applications Covered:
• Automotive
• Aerospace & Defence
• Environmental & Weather Monitoring
• Industrial
• Security & Surveillance
• Traffic Monitoring and Management
• Other Applications

End Users Covered:
• Commercial
• Government
• Industrial

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements