According to the research report titled, ‘Europe Radar Sensor Market Forecast 2027 By Application, By Type Radar, By Range, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share,’ available with MarketStudyReport, Europe radar sensor market  is anticipated to generate USD 4 billion by 2027.
 

Increasing number of government initiatives towards the development of smart cities and rising investments for creating advanced aviation and defense mechanisms are propelling the growth of Europe radar sensor market.
 

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In addition, growing demand to transform infrastructure and manufacturing facilities and integrate them with advanced technologies in consort with escalating utilization of industrial automation solutions are aiding towards the industry expansion as well.
 

By type, the marketplace is bifurcated into pulse radar, imaging radar, speed gauge, non-imaging radar, continuous radar (CW) radar, and radar altimeter.
 

Based on range, the industry vertical is split into short-range, medium, and long range. Among these, the long-range segment is projected to amplify at a CAGR of 12.5% through 2027. This can be attributed to the strong demand from the aviation industry as these radars have the ability to measure the long distance between objects and can offer highly precise information about unknown locations.
 

In terms of application, the market sphere is fragmented into industrial, automotive, government & public infrastructure, aerospace & defense, and others.
 

Regionally speaking, radar sensor industry share in Germany is poised  to exhibit a CAGR of 16.5% through 2027 owing to the presence of several OEMs in the nation who are increasing their efforts towards creating advanced security and safety systems using ADAS,  automation, and self-driving technologies.
 

Veoneer Inc., Vayyar Imaging Ltd., UWT GmbH, Texas Instruments Incorporated, Socionext Inc., Sick AG, s.m.s smart microwave sensors GmbH, Pepper+Fuchs SE, OTT Hydromet GmbH, NovellC LLC, MediaTek Inc., Infineon Technologies AG, Hunan Nanoradar Science and Technology Co. Ltd., Hella KGaA Hueck & Co., Denso Corporation, Continental AG, Baumer Holding AG, Banner Engineering Corporation, AMG Microwave, and Aconeer AB are the major players operating in Europe radar sensor market.