Radar Sensor Market
PUBLISHED: 2022 ID: SMRC22010
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Radar Sensor Market

Radar Sensor Market Forecasts to 2028 - Global Analysis By Type (Imaging radar and Non-imaging radar), Technology (Time domain reflectometry, Brake lining, Silicon-germanium and Other Technologies), Components (Video amplifier, Antenna and Other Components), Range (Short-range radar sensor, Mid-range radar sensor and Long-range radar sensor), Band (HF, VHF, and HUF Bands, L, S, C, and X Bands and Ku, K, Ka, V, and W Bands), Application (Automotive, Aerospace & Defense and Other Applications), End User and By Geography

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4.8 (96 reviews)
Published: 2022 ID: SMRC22010

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $14.08 BN

Projected Year Value (2028)

US $32.74 BN

CAGR (2022 - 2028)

15.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

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

Largest Market

North America

Highest Growing Market

Europe


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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Radar Sensor Market, By Type
5.1 Introduction
5.2 Imaging Radar
5.2.1 Continuous wave (CW) radar
5.2.1.1 Modulated CW radar
5.2.1.2 Unmodulated CW radar
5.2.2 Pulse radar
5.2.2.1 Mti Radar
5.2.2.2 Difference between pulse Doppler radar and MTI radar
5.2.2.3 Doppler radar
5.3 Non-Imaging Radar
5.3.1 Speed Gauge
5.3.2 Radar Altimeter
5.3.2.1 Aircraft Related Radar Altimeter Applications
5.3.2.2 Radar Altimeter Application In Spacecraft
5.3.2.3 Radar Altimeter Application In Military
5.3.2.4 Radar Altimeter Application In Remote Sensing

6 Global Radar Sensor Market, By Technology
6.1 Introduction
6.2 Time Domain Reflectometry
6.3 Brake Lining
6.4 Silicon-Germanium
6.5 Manufacturing Technologies
6.6 Metal-Oxide Semiconductor
6.7 Gallium-Nitride
6.8 Ultra-Wideband
6.9 Other Technologies

7 Global Radar Sensor Market, By Components
7.1 Introduction
7.2 Video Amplifier
7.3 Antenna
7.4 Transmitter
7.5 Processing
7.6 Duplexer
7.7 Receiver

8 Global Radar Sensor Market, By Range
8.1 Introduction
8.2 Short-Range Radar Sensor
8.3 Mid-Range Radar Sensor
8.4 Long-Range Radar Sensor

9 Global Radar Sensor Market, By Band
9.1 Introduction
9.2 HF, VHF, and HUF Bands
9.2.1 HF and VHF Band
9.2.2 HUF-Band
9.3 L, S, C, and X Bands
9.3.1 L-Band
9.3.2 S-Band
9.3.3 C-Band
9.3.4 X-Band
9.4 Ku, K, Ka, V, and W Bands
9.4.1 Ku-Band
9.4.2 K-Band
9.4.3 Ka-Band
9.4.4 V-Band
9.4.5 W-Band

10 Global Radar Sensor Market, By Application
10.1 Introduction
10.2 Automotive
10.2.1 Adaptive Cruise Control
10.2.2 Blind Spot Detection
10.2.3 Collision Avoidance System
10.2.4 Lane Departure Warning System
10.2.5 Object Detection System
10.2.6 Stop-&-Go Functionality
10.3 Aerospace & Defense
10.3.1 Airborne Based
10.3.2 Ground Based
10.3.3 Naval Based
10.3.4 Space Based
10.4 Environmental & Weather Monitoring
10.4.1 Weather Surveillance Radar System
10.4.2 Weather and Planetary Observation
10.5 Industrial
10.5.1 Collision Protection
10.5.2 Industrial Robot
10.5.3 Locating Underground Pipes
10.5.4 Machine Safeguarding Area
10.5.5 Measuring Working Environment
10.5.6 Mine Inspection
10.5.7 Tunnel Wall Inspection
10.6 Security & Surveillance
10.6.1 Access Control System
10.6.2 Perimeter Security
10.6.3 Transportation
10.6.4 Commercial Facilities
10.7 Traffic Monitoring and Management
10.7.1 Air Traffic Control (ATC) Radar
10.7.2 Distance Measuring Equipment
10.7.3 Ground Control Approach (GTC) Radar
10.7.4 Traffic Classification
10.7.5 Traffic Flow Analysis
10.7.6 Traffic Light Control
10.8 Other Applications
10.8.1 Agriculture
10.8.2 Healthcare
10.8.3 Smart Electronics Devices

12 Global Radar Sensor Market, By End User
12.1 Introduction
12.2 Commercial
12.3 Government
12.4 Industrial

13 Global Radar Sensor Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa

14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies

15 Company Profiling
15.1 Autoliv Inc.
15.2 Arbe Robotics
15.3 Continental AG
15.4 Denso Corporation
15.5 Delphi Automotive LLP
15.6 Hella KGaA Hueck & Co
15.7 Infineon Technologies AG
15.8 Lockheed Martin Corporation
15.9 NXP Semiconductors NV
15.10 Robert Bosch GmbH
15.11 Smart Microwave Sensors GmbH
15.12 Oculli Corporation
15.13 Omniradar B.V.

List of Tables
1 Global Radar Sensor Market Outlook, By Region (2020-2028) ($MN)
2 Global Radar Sensor Market Outlook, By Type (2020-2028) ($MN)
3 Global Radar Sensor Market Outlook, By Imaging radar (2020-2028) ($MN)
4 Global Radar Sensor Market Outlook, By Continuous wave (CW) radar (2020-2028) ($MN)
5 Global Radar Sensor Market Outlook, By Pulse Radar (2020-2028) ($MN)
6 Global Radar Sensor Market Outlook, By Non-Imaging Radar (2020-2028) ($MN)
7 Global Radar Sensor Market Outlook, By Speed Gauge (2020-2028) ($MN)
8 Global Radar Sensor Market Outlook, By Radar Altimeter (2020-2028) ($MN)
9 Global Radar Sensor Market Outlook, By Technology (2020-2028) ($MN)
10 Global Radar Sensor Market Outlook, By Time Domain Reflectometry (2020-2028) ($MN)
11 Global Radar Sensor Market Outlook, By Brake Lining (2020-2028) ($MN)
12 Global Radar Sensor Market Outlook, By Silicon-Germanium (2020-2028) ($MN)
13 Global Radar Sensor Market Outlook, By Manufacturing Technologies (2020-2028) ($MN)
14 Global Radar Sensor Market Outlook, By Metal-Oxide Semiconductor (2020-2028) ($MN)
15 Global Radar Sensor Market Outlook, By Gallium-Nitride (2020-2028) ($MN)
16 Global Radar Sensor Market Outlook, By Ultra-Wideband (2020-2028) ($MN)
17 Global Radar Sensor Market Outlook, By Other Technologies (2020-2028) ($MN)
18 Global Radar Sensor Market Outlook, By Components (2020-2028) ($MN)
19 Global Radar Sensor Market Outlook, By Video Amplifier (2020-2028) ($MN)
20 Global Radar Sensor Market Outlook, By Antenna (2020-2028) ($MN)
21 Global Radar Sensor Market Outlook, By Transmitter (2020-2028) ($MN)
22 Global Radar Sensor Market Outlook, By Processing (2020-2028) ($MN)
23 Global Radar Sensor Market Outlook, By Duplexer (2020-2028) ($MN)
24 Global Radar Sensor Market Outlook, By Receiver (2020-2028) ($MN)
25 Global Radar Sensor Market Outlook, By Rage (2020-2028) ($MN)
26 Global Radar Sensor Market Outlook, By Short-Range Radar Sensor (2020-2028) ($MN)
27 Global Radar Sensor Market Outlook, By Mid-Range Radar Sensor (2020-2028) ($MN)
28 Global Radar Sensor Market Outlook, By Long-Range Radar Sensor (2020-2028) ($MN)
29 Global Radar Sensor Market Outlook, By Band (2020-2028) ($MN)
30 Global Radar Sensor Market Outlook, By HF, VHF, and HUF Bands (2020-2028) ($MN)
31 Global Radar Sensor Market Outlook, By HF and VHF Band (2020-2028) ($MN)
32 Global Radar Sensor Market Outlook, By HUF-Band (2020-2028) ($MN)
33 Global Radar Sensor Market Outlook, By L, S, C, and X Bands (2020-2028) ($MN)
34 Global Radar Sensor Market Outlook, By L-Band (2020-2028) ($MN)
35 Global Radar Sensor Market Outlook, By S-Band (2020-2028) ($MN)
36 Global Radar Sensor Market Outlook, By C-Band (2020-2028) ($MN)
37 Global Radar Sensor Market Outlook, By X-Band (2020-2028) ($MN)
38 Global Radar Sensor Market Outlook, By Ku, K, Ka, V, and W Bands (2020-2028) ($MN)
39 Global Radar Sensor Market Outlook, By Ku-Band (2020-2028) ($MN)
40 Global Radar Sensor Market Outlook, By K-Band (2020-2028) ($MN)
41 Global Radar Sensor Market Outlook, By Ka-Band (2020-2028) ($MN)
42 Global Radar Sensor Market Outlook, By V-Band (2020-2028) ($MN)
43 Global Radar Sensor Market Outlook, By W-Band (2020-2028) ($MN)
44 Global Radar Sensor Market Outlook, By Application (2020-2028) ($MN)
45 Global Radar Sensor Market Outlook, By Automotive (2020-2028) ($MN)
46 Global Radar Sensor Market Outlook, By Adaptive Cruise Control (2020-2028) ($MN)
47 Global Radar Sensor Market Outlook, By Blind Spot Detection (2020-2028) ($MN)
48 Global Radar Sensor Market Outlook, By Collision Avoidance System (2020-2028) ($MN)
49 Global Radar Sensor Market Outlook, By Lane Departure Warning System (2020-2028) ($MN)
50 Global Radar Sensor Market Outlook, By Object Detection System (2020-2028) ($MN)
51 Global Radar Sensor Market Outlook, By Stop-&-Go Functionality (2020-2028) ($MN)
52 Global Radar Sensor Market Outlook, By Aerospace & Defense (2020-2028) ($MN)
53 Global Radar Sensor Market Outlook, By Airborne Based (2020-2028) ($MN)
54 Global Radar Sensor Market Outlook, By Ground Based (2020-2028) ($MN)
55 Global Radar Sensor Market Outlook, By Naval Based (2020-2028) ($MN)
56 Global Radar Sensor Market Outlook, By Space Based (2020-2028) ($MN)
57 Global Radar Sensor Market Outlook, By Environmental & Weather Monitoring (2020-2028) ($MN)
58 Global Radar Sensor Market Outlook, By Weather Surveillance Radar System (2020-2028) ($MN)
59 Global Radar Sensor Market Outlook, By Weather and Planetary Observation (2020-2028) ($MN)
60 Global Radar Sensor Market Outlook, By Industrial (2020-2028) ($MN)
61 Global Radar Sensor Market Outlook, By Collision Protection (2020-2028) ($MN)
62 Global Radar Sensor Market Outlook, By Industrial Robot (2020-2028) ($MN)
63 Global Radar Sensor Market Outlook, By Locating Underground Pipes (2020-2028) ($MN)
64 Global Radar Sensor Market Outlook, By Machine Safeguarding Area (2020-2028) ($MN)
65 Global Radar Sensor Market Outlook, By Measuring Working Environment (2020-2028) ($MN)
66 Global Radar Sensor Market Outlook, By Mine Inspection (2020-2028) ($MN)
67 Global Radar Sensor Market Outlook, By Tunnel Wall Inspection (2020-2028) ($MN)
68 Global Radar Sensor Market Outlook, By Security & Surveillance (2020-2028) ($MN)
69 Global Radar Sensor Market Outlook, By Access Control System (2020-2028) ($MN)
70 Global Radar Sensor Market Outlook, By Perimeter Security (2020-2028) ($MN)
71 Global Radar Sensor Market Outlook, By Transportation (2020-2028) ($MN)
72 Global Radar Sensor Market Outlook, By Commercial Facilities (2020-2028) ($MN)
73 Global Radar Sensor Market Outlook, By Traffic Monitoring and Management (2020-2028) ($MN)
74 Global Radar Sensor Market Outlook, By Air Traffic Control (ATC) Radar (2020-2028) ($MN)
75 Global Radar Sensor Market Outlook, By Distance Measuring Equipment (2020-2028) ($MN)
76 Global Radar Sensor Market Outlook, By Ground Control Approach (GTC) Radar (2020-2028) ($MN)
77 Global Radar Sensor Market Outlook, By Traffic Classification (2020-2028) ($MN)
78 Global Radar Sensor Market Outlook, By Traffic Flow Analysis (2020-2028) ($MN)
79 Global Radar Sensor Market Outlook, By Traffic Light Control (2020-2028) ($MN)
80 Global Radar Sensor Market Outlook, By Other Applications (2020-2028) ($MN)
81 Global Radar Sensor Market Outlook, By Agriculture (2020-2028) ($MN)
82 Global Radar Sensor Market Outlook, By Healthcare (2020-2028) ($MN)
83 Global Radar Sensor Market Outlook, By Smart Electronics Devices (2020-2028) ($MN)
84 Global Radar Sensor Market Outlook, By End User (2020-2028) ($MN)
85 Global Radar Sensor Market Outlook, By Commercial (2020-2028) ($MN)
86 Global Radar Sensor Market Outlook, By Government (2020-2028) ($MN)
87 Global Radar Sensor Market Outlook, By Industrial (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

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