According to the research report titled ‘North America Radar Sensor Market Forecast 2027 By Range, By Type Radar, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share,’ available with MarketStudyReport, North America radar sensor market is slated to record stellar growth during 2021-2027.

Surging incidences of theft & robberies, soaring expenditure towards high-end security solutions, and extensive implementation of surveillance systems in prison are determinants propelling North America radar sensor market expansion.

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Moreover, airport intrusion detectors being installed at multiple, spots along with the rise in adoption of power grid security systems are further accelerating industry development.

Besides, surge in external threats arising as a result of political tensions is impelling the regional governments & industry players to introduce powerful military radars, which is further amplifying the scope of the business sphere. 

In terms of range, the long-range segment is estimated to grow at 12% CAGR during the projected timeline, owing to the adoption of such sensors in defense & aviation sector due to their efficient monitoring and remote patrolling abilities across land, ocean, and air. 

Based on type, the pulse radar vertical of North America radar sensor industry is anticipated to expand at 14% CAGR during the speculated period, owing to features like efficient calculation of targets from beyond 200 nautical miles, enhanced signal-to-noise ratio, easy target recognition, accurate range & velocity measurement etc. 

Concerning geographical front, Canada market accounted for a 5% revenue share in 2020 and is poised to develop at 18% CAGR during the assessment timeframe, attributed to the utilization of radar sensors in satellites for surveillance and observing the earth’s surface. Moreover, supportive initiative & spending employed by the government for the upliftment of the aerospace industry is boosting the regional expansion. 

The well-known players in North America radar sensor marketplace include Sick AG, Acconeer AB, s.m.s. smart microwave sensors GmbH, Ainstein Inc., Pepperl+Fuchs SE, Banner Engineering Corporation, OTT HydroMet GmbH, Baumer AG, Novelic LLC Belgrade, Continental AG, MediaTek Inc., Denso Corporation, Infineon Technologies AG, HELLA GmbH & Co. KGaA, and Hunan Nanoradar Science and Technology Co. Ltd. among others.