Published Date: 2021-07-14
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APAC Radar Sensors Market size is anticipated to surpass USD 13 billion by 2027, according to a latest forecast report by Graphical Research.
The Asia Pacific radar sensors industry growth is owing to the proliferation of advanced medical and fitness monitoring devices among the population. Radar sensors are used in fitness trackers to deliver high miniaturization properties while delivering accurate track activity levels, body compositions, among others. The healthcare industry professionals are continuously involved in the development of new products with non-contact features. For example, in January 2021, Amazon has announced the development of its new project “Brahms”, which is a non-wearable device used to detect sleep apnea. It uses advanced millimeter-wave radar sensor that can efficiently detect breathing discomfort and notify the concerned person.
The speed gauge segment accounted for a market share of 10% in 2020 and growth is driven with the rising adoption among the automotive OEMs to develop various automotive safety systems. These radar sensors enable to deliver high performance in extreme conditions such as heavy snow, wind, and night, thereby increasing their adoption in high-speed ADAS and low parking scenario. Increasing government concern towards road accidents has mandate the installation of various safety systems in vehicles. This will drive the demand for speed gauge among the automotive OEMs. For example, the Road Transport Ministry of India has mandated the installation of reverse parking alert systems in all new buses and trucks manufactured from April 2020 to avoid road accidents.
Browse detailed statistical insights from the report, “Asia Pacific Radar Sensor Market Forecast 2027 By Type (Imaging Radar {Continuous Wave (CW) Radar, Pulse Radar}, Non-Imaging Radar {Speed Gauge, Radar Altimeter}), By Range (Short-range Radar Sensor, Medium-range Radar Sensor, Long-range Radar Sensor), By Application (Automotive, Aerospace & Defense, Industrial, Government & Public Infrastructure), Research Report, Regional Outlook (China, India, Japan, South Korea, Taiwan), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1885/asia-pacific-radar-sensor-market
The industrial application segment is anticipated to grow at a CAGR of 19% from 2021 to 2027 and held a market share of over 10% in 2020. Growth is driven with the rising trend towards industrial automation which has accelerated the demand for industrial robots in regional manufacturing sector. The industrial robots are integrated with mm wave radar sensors to deliver improved vision-based safety, avoid collision, and enhance the performance capabilities in production sites. Increasing adoption of industrial robots to showcase less dependency on workers and accelerate production capability, will drive the market growth. According to International Federation of Robots report 2020, China accounts for largest region in annual installation of industrial robots with 140.5 thousand robots in 2019.
Japan radar sensors industry accounted for over 13% revenue share in 2020 and will grow at a CAGR of 11% from 2021 to 2027. The rising government initiatives & funding to accelerate their aerospace & defense sector will drive the industry demand. In 2021, the Japanese Cabinet has announced their budget of USD 51.7 billion for the regional defense sector. Also, the government is more inclined towards enhancing their defense sector, with the addition of new fighter jets and missile systems to seek counter potential threats from other countries. In November 2019, the Japan Ministry of Defense has announced their order of two solid-state radar antennas for the Tokyo Aegis Ashore Ballistic Missile defense system to deliver continuous protection & surveillance features.
The APAC radar sensors market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million & shipments in units from 2016 to 2027 for the following segments:
Asia Pacific Market, By Types
Asia Pacific Market, By Range
Asia Pacific Market, By Application
The above information has been provided for the following countries:
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