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Europe Radar Sensor Market to Cross USD 4 Bn by 2027

Europe Radar Sensor Market is growing at a promising rate thanks to rise in the number of government initiatives for developing smart cities across the region. These areas will possess some of the best and advanced infrastructure that will cater to the needs of all residents. In January 2020, Innovation and Networks Executive Agency (INEA) announced that it had received proposals for 12 smart city projects. These proposals will give importance to the development of high-quality public infrastructure in the European Union (EU). The projects will receive funds worth $211.1 million from the Europ

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Europe Radar Sensor Market to Cross USD 4 Bn by 2027

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  1. Europe Radar Sensor Market to grow at 11% CAGR from 2021 to 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Europe Radar Sensor Market is growing at a promising rate thanks to rise in the number of government initiatives for developing smart cities across the region. These areas will possess some of the best and advanced infrastructure that will cater to the needs of all residents. In January 2020, Innovation and Networks Executive Agency (INEA) announced that it had received proposals for 12 smart city projects. These proposals will give importance to the development of high-quality public infrastructure in the European Union (EU). The projects will receive funds worth $211.1 million from the European Commission. Radar sensors will be of great use for improving the performance of public infrastructure like heavy traffic management in cities and enhancing the functioning of surveillance systems. The demand for long-range radar sensors will flourish to a great extent and this will play a vital role in helping Europe radar sensor market reach its projected valuation of $4 billion by 2027. In fact, the market share from long range sensors segment is set to showcase nearly 12.5% CAGR through 2027 because of its high demand in the aviation industry. The sensors enjoy major implementation in various areas of aviation like navigation, air-based warfare and object detection. They can effortlessly measure the distance between objects and can provide highly precise information about unknown locations. They are great at detecting objects in a wider field of view as well. The investments made by governments across Europe towards creating advanced defense and aviation mechanisms are steadily increasing. In September 2020, the UK government handed over a contract worth $378.6 million to defense equipment producers Leonardo S.p.A. and BAS Systems to create next-gen radar systems. They will be installed in ‘Eurofighter Typhoon’ aircrafts to increase the capabilities of the country’s Royal Air Force. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3P70TUc The need to transform manufacturing and infrastructure facilities and integrate them with robust technologies has grown by many folds across Europe. The demand for industrial automation has substantially increased among end-user industries as it will help them improve their overall performance and efficiency. All these factors have raised the demand for radar sensors as they can be effective in automating several mass production processes and can improve the security of factories and warehouses as well. Germany radar sensor market is projected to record nearly 16.5% CAGR through 2027. One of the major reasons for this is the strong presence of various automotive OEMs in the country like BMW AG, Audi, Daimler AG and many others. These companies are focused on creating advanced safety systems using automation, ADAS and self-driving vehicles. According to a 2020-2021 report by Germany Trade and Invest (GTAI), the country was responsible for nearly 60% of the total R&D development in 2019 in the automotive industry of Europe. Radar sensors are quite popular in ADAS systems like blind-spot detection, automatic parking assistance and adaptive cruise control. Radar sensors are gaining a lot of momentum in defense and manufacturing industries as they help in automating various important processes. They help increase their efficiency and reduce the time and efforts involved if the same activities were to be done manually. Some reputed companies like Acconeer AB, Banner Engineering Group, HELLA GmbH & Co., Infineon Technologies AG and MediaTek Inc. are forming partnerships with other firms. The main aim is to introduce advanced technologies in radar systems to improve their precision and effectiveness. Request for customization @ https://bit.ly/3BCDM0n ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Segmentation of Europe Radar Sensor Market: • Europe Market, By Type • Imaging radar • Continuous Wave (CW) radar • Pulse radar • Non-imaging radar • Speed gauge • Radar altimeter • Europe Market, By Range • Short-range radar sensor • Medium-range radar sensor • Long-range radar sensor • Europe Market, By Application • Automotive • Aerospace & defense  • Industrial • Government & public infrastructure • Others ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. The above information has been provided for the following countries: • Europe • Germany • UK • France • Italy • Russia • Spain • About Graphical Research: • Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. • Contact Us: • Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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