According to the research report titled, ‘Asia Pacific Radar Sensor Market Forecast 2027 By Type Radar, By Range, By Application, Research Report, Regional Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share,’ available with MarketStudyReport, Asia Pacific radar sensor market is anticipated to generate revenues worth USD 13 billion by the year 2027.
 

Escalating demand from aerospace and defense sectors owing to the product’s ability to accurately detect enemy drones as well as unmanned, and manned aircrafts, favorable government, and growing product adoption in automotive space are aiding Asia Pacific radar sensor market growth.
 

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In addition, rising emphasis among manufacturers towards the development of 4D imaging radar is further augmenting industry outlook.
 

By type, the marketplace is split into imaging radar, pulse radar, non-imaging radar, speed gauge, and radar altimeter. Among these, the imaging radar segment held a market share of 60% in 2020 and is projected to register a CAGR of 20% during 2021-2027. This is ascribed to surging sales of electric and autonomous vehicles as the integration of these radars in ADAS systems can potentially improve the detection capabilities of the cars.
 

Based on range, the industry vertical is bifurcated into short range, medium range, and long range. In terms of application, Asia Pacific radar sensor market is segmented into aerospace & defense, automotive, industrial, government & public infrastructures, and others.
 

Asia Pacific radar sensor industry share from the industrial application segment is poised to exhibit a CAGR of 19% over the assessment period accreditable to the lower dependency on human laborers and growing adoption of industrial robots across manufacturing facilities.
 

Regionally speaking, China market is expected to expand at a CAGR of 20% through 2027 owing to the rapid implementation of robots and automation in manufacturing industries and considerable technological upgrades in the defense sector of the country.
 

Veoneer Inc., UWT GmbH, Texas Instrument Incorporated, Sick AG, sms smart microwave sensors GmbH, Pepperl+Fuchs SE, OTT Hydromet GmbH, Infineon Technologies AG, Hunan Nanoradar Science and Technology Co. Ltd., Hella KGaA Hueck & Co., Denso Corporation, Continental AG, Banner Engineering Corporation, Ainstein SI, and  Acconeer AB  are the leading players operating in Asia Pacific radar sensor market.