Industry Report: Radar Sensors Market Expected to Grow Significantly
New York, Jan. 21, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the report "Radar Sensors Market - Growth, Trends, and Forecast (2020 - 2025)"
According to a report published by ReportLinker, the radar sensors market was valued at USD 10.32 billion in 2019, and is expected to reach USD 22 billion by 2025, registering a CAGR of 18.36% during (2020 - 2025).
The applications of radar sensors are becoming more diverse and commercialization in the sector is accelerating, owing to significant advancements in digital and RF/microwave technologies. Currently, there are various radar applications, from traditional defense and surveillance to automotive radar, for driver assistance to biomedical radar for imaging, monitoring, and treatment. For all these applications, the competitive environment demands rapid cycles of design, system integration, prototyping, and testing.