Radar Market to Garner $49.43 Billion, Globally, by 2027 at 3.80 % CAGR, Says Allied Market Research

Increase in demand for radar systems in automotive and defense industries, rise in advancements in radar technology, and increase in territorial battles drive the growth of the global radar market.

PORTLAND, Ore., Nov. 2, 2020 /PRNewswire/ — Allied Market Research recently published a report, “Radar Market by Product Type (Continuous Wave Radar, Pulse Radar, and Others),Platform (Marine, Air, Ground, and Space), Application (Air Traffic Control, Remote Sensing, Ground…

Increase in demand for radar systems in automotive and defense industries, rise in advancements in radar technology, and increase in territorial battles drive the growth of the global radar market.

PORTLAND, Ore., Nov. 2, 2020 /PRNewswire/ — Allied Market Research recently published a report, “Radar Market by Product Type (Continuous Wave Radar, Pulse Radar, and Others),Platform (Marine, Air, Ground, and Space), Application (Air Traffic Control, Remote Sensing, Ground Traffic Control, and Space Navigation & Control), and End User (Automotive, Aviation, Industrial, Weather Monitoring, Military & Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027”. According to the report, the global radar industry was pegged at $ 32.56 billion in 2019, and is projected to reach $ 49.43 billion by 2027, growing at a CAGR of 3.80% from 2020 to 2027.

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Major drivers of the market growth-

Increase in demand for radar systems in automotive and defense industries, rise in advancements in radar technology, and increase in territorial battles drive the growth of the global radar market. However, high cost of radar system impedes the growth to certain extent. Moreover, high investment from developed countries in military sector creates a number of opportunities for the market players.

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COVID-19 Scenarios-

  • Due to the global lockdown, the projects and plans regarding the implementation of the Radar system have been suspended. Furthermore, the investments for new projects have been put to a hold.
  • The manufacturing processes have been adjourned as well. In addition, the industry has witnessed a drop in demand from the automotive industry.
  • Nevertheless, the government has imposed certain relaxations on restrictions, which is anticipated to assist the industry to reinitiate the plans and projects.

The continuous wave radar segment dominated the market-

By product type, the continuous wave radar segment held the largest share in 2019, accounting for more than two-fifths of the global radar market. Additionally, the segment is expected to register the highest CAGR of 3.0% during the forecast period. The increase in demand for continuous wave radar systems to simultaneously transmit the light signal and continuously receive an echo reflections which is scattered from the objects is the major factor that drives the growth of the segment.

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The ground segment to manifest highest CAGR through 2027-

By platform, the ground segment is projected to portray the highest CAGR of 5.0% during the forecast period. This is attributed to the rise in developments in defense & military and automotive sector. However, the air segment held the largest share in 2019, accounting for nearly one-third of the global radar market. Features such as high sensitivity and finely resolved vertical profiles to characterize precipitation microphysics for the benefit of model parameterizations and process understanding drive the segment growth.

North America held the largest market share in 2019-

By region, the global radar market across North America held the largest share in 2019, accounting for nearly one-third of the total revenue share. Increase in road victims, rapid urbanization, changing consumer lifestyles, and stimulating demand for radar in luxury vehicle augment the growth of the market in this region. On the other hand, the Asia-Pacific region is expected to manifest the highest CAGR of 5.6% during the forecast period. Increase in the defense budget of India and China and surge in demand for surveillance radar for security surveillance, reconnaissance, and modern air defense system drives the market in Asia-Pacific region.

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Major market players

  • L-3 Communications Holdings
  • General Dynamics Corporation
  • Dassault Aviation
  • BAE Systems
  • Northrop Grumman Corporation
  • Lockheed Martin Corporation
  • SAAB AB
  • Rockwell Collins Inc.
  • Thales Group
  • Honeywell International Inc.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Automotive Backup Camera Market to Reach $3.86 Bn, Globally, by 2026 at 8.7% CAGR: Allied Market Research

– Rise in number of fatalities leading to rising adoption of backup cameras and increase in demand for passenger vehicles coupled with safety and security concerns among consumers fuel the growth of the global automotive backup camera market

PORTLAND, Ore., Nov. 2, 2020 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Backup Camera…

– Rise in number of fatalities leading to rising adoption of backup cameras and increase in demand for passenger vehicles coupled with safety and security concerns among consumers fuel the growth of the global automotive backup camera market

PORTLAND, Ore., Nov. 2, 2020 /PRNewswire/ — Allied Market Research published a report, titled, “Automotive Backup Camera Market by Position (Surface Mounted, Flush Mounted and License Mounted), Vehicle Type (Passenger Vehicle and Commercial Vehicle) and Sales Channel (Original Equipment Manufacturers (OEMs) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global automotive backup camera industry garnered $1.95 billion in 2018, and is estimated to reach $3.86 billion by 2026, witnessing a CAGR of 8.7% during the forecast period, 2019–2026.

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Drivers, restraints, and opportunities-

Increase in number of fatalities leading to rising adoption of backup cameras and surge in demand for passenger vehicles coupled with safety and security concerns among consumers drive the growth of the global automotive backup camera market. On the other hand, high installation cost of the system hampers the growth to some extent. However, increase in trend of installing advanced driving system and legislations mandating installation of backup cameras in vehicles are expected to create a number of lucrative opportunities for the key players in the industry.

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The surface mounted segment to lead the trail till 2026-

Based on position, the surface mounted segment contributed to nearly half of the global automotive backup camera market in 2018, and is expected to retain its dominance throughout 2019–2026. The same segment is also projected to register the fastest CAGR of 9.8% by the end of 2026. Increasing trend toward the aftermarket installation of backup cameras in existing vehicles to ensure safety has boosted the growth of the segment.

The passenger vehicle segment to dominate during the estimated period-

Based on vehicle type, the passenger vehicle segment accounted for three-fourths of the global automotive backup camera market in 2018, and is anticipated to rule the roost during the estimated period. Installation of backup camera in passenger automobiles helps identify the rear blind spots of the vehicle, thereby ensuring safety of the same while reversing, and this factor has stimulated the growth of the segment. Simultaneously, the commercial vehicle segment would cite the fastest CAGR of 10.2% by 2026. This is because commercial vehicles tend to find major application of backup cameras in them.

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North America garnered the major share in 2018-

Based on geography, North America held the largest share in 2018, generating more than one-third of the global automotive backup camera market. The mandatory installment for rear camera/backup camera has accelerated the demand for the system in the region. The region across Asia-Pacific, on the other hand, would showcase the fastest CAGR of 12.6% throughout the forecast period. This is due to the presence of strict government regulations for the installation of backup camera in vehicles.

Leading players in the market-

  • Continental AG
  • Aptiv PLC
  • Yada
  • Stonkam AG
  • Valeo
  • Magna International
  • Robert Bosch GmbH
  • OmniVision Technologies
  • Delphi Technologies
  • Pyle

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Contact:
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(Español) GAC MOTOR es reconocida cómo campeona en el Estudio Inicial de Calidad en China de J.D. Power por octavo año consecutivo

(Español)

GUANGZHOU, China, 2 de noviembre de 2020 /PRNewswire/ — En días recientes, J.D. Power publicó su informe “Estudio Inicial de Calidad (IQS) de China para 2020″, el cual es un estudio externo reconocido que ofrece a los consumidores una referencia de confianza para comprar sus vehículos. En este informe, GAC MOTOR ha sido reconocida como la marca campeona de China durante ocho años consecutivos con su modelo SUV GS3 y su modelo MPV GN6, clasificados en primer y…

Sorry, this entry is only available in Español.

(Español) GAC MOTOR es reconocida cómo campeona en el Estudio Inicial de Calidad en China de J.D. Power por octavo año consecutivo

(Español)

GUANGZHOU, China, 2 de noviembre de 2020 /PRNewswire/ — En días recientes, J.D. Power publicó su informe “Estudio Inicial de Calidad (IQS) de China para 2020″, el cual es un estudio externo reconocido que ofrece a los consumidores una referencia de confianza para comprar sus vehículos. En este informe, GAC MOTOR ha sido reconocida como la marca campeona de China durante ocho años consecutivos con su modelo SUV GS3 y su modelo MPV GN6, clasificados en primer y…

Sorry, this entry is only available in Español.

(Español) GAC MOTOR es reconocida cómo campeona en el Estudio Inicial de Calidad en China de J.D. Power por octavo año consecutivo

(Español)

GUANGZHOU, China, 2 de noviembre de 2020 /PRNewswire/ — En días recientes, J.D. Power publicó su informe “Estudio Inicial de Calidad (IQS) de China para 2020″, el cual es un estudio externo reconocido que ofrece a los consumidores una referencia de confianza para comprar sus vehículos. En este informe, GAC MOTOR ha sido reconocida como la marca campeona de China durante ocho años consecutivos con su modelo SUV GS3 y su modelo MPV GN6, clasificados en primer y…

Sorry, this entry is only available in Español.

(Español) GAC MOTOR es reconocida cómo campeona en el Estudio Inicial de Calidad en China de J.D. Power por octavo año consecutivo

(Español)

GUANGZHOU, China, 2 de noviembre de 2020 /PRNewswire/ — En días recientes, J.D. Power publicó su informe “Estudio Inicial de Calidad (IQS) de China para 2020″, el cual es un estudio externo reconocido que ofrece a los consumidores una referencia de confianza para comprar sus vehículos. En este informe, GAC MOTOR ha sido reconocida como la marca campeona de China durante ocho años consecutivos con su modelo SUV GS3 y su modelo MPV GN6, clasificados en primer y…

Sorry, this entry is only available in Español.

(Español) GAC MOTOR es reconocida cómo campeona en el Estudio Inicial de Calidad en China de J.D. Power por octavo año consecutivo

(Español)

GUANGZHOU, China, 2 de noviembre de 2020 /PRNewswire/ — En días recientes, J.D. Power publicó su informe “Estudio Inicial de Calidad (IQS) de China para 2020″, el cual es un estudio externo reconocido que ofrece a los consumidores una referencia de confianza para comprar sus vehículos. En este informe, GAC MOTOR ha sido reconocida como la marca campeona de China durante ocho años consecutivos con su modelo SUV GS3 y su modelo MPV GN6, clasificados en primer y…

Sorry, this entry is only available in Español.

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Acura Reigns Supreme at WeatherTech Raceway Laguna Seca

MONTEREY, California, Nov. 1, 2020 /PRNewswire-HISPANIC PR WIRE/ — Acura resumed its race-winning ways in the IMSA WeatherTech SportsCar Championship Sunday at WeatherTech Raceway Laguna Seca, scoring its second sweep of the 2020 season with a 1-2 finish overall and in DPi for Acura Team Penske, and a 1-3 result in GTD for the Meyer Shank Racing Acura NSX GT3 Evos.

<img id="prnejpg8d44left" title="Helio Castroneves…

MONTEREY, California, Nov. 1, 2020 /PRNewswire-HISPANIC PR WIRE/ — Acura resumed its race-winning ways in the IMSA WeatherTech SportsCar Championship Sunday at WeatherTech Raceway Laguna Seca, scoring its second sweep of the 2020 season with a 1-2 finish overall and in DPi for Acura Team Penske, and a 1-3 result in GTD for the Meyer Shank Racing Acura NSX GT3 Evos.

Helio Castroneves and Ricky Taylor scored their fourth IMSA WeatherTech SportsCar Championship win of the season today as Acura dominated overall and in the GTD division to win both classes at WeatherTech Raceway Laguna Seca in Monterey, California.

As a result of today’s wins – the best combined finish for Acura in the three years the company has been contesting both DPi and GTD – Acura goes to the season finale at Sebring International Raceway leading the IMSA Manufacturers’ and Drivers’ championships GTD; and the Drivers’ Championship in DPi; while trails in the DPi Manufacturers’ Championship by just a single point.

Acura Team Penske
Pole qualifier Juan Pablo Montoya and co-driver Dane Cameron dominated today’s two-hour, 40-minute contest, leading 104 laps before allowing teammate Ricky Taylor to move to the front for the final minutes, as Taylor and co-driver Helio Castroneves are better placed in the overall championship battle.

The late-race swap enabled Castroneves and Taylor to score their fourth win from eight races this season, moving the pair to the top of the championship with 242 points to 240 for Wayne Taylor Racing drivers Renger van der Zande and Ryan Briscoe, who finished sixth today. 

Montoya took charge of the two-hour, 40-minute contest in the #6 Acura ARX-05 right from the green flag, while outside front-row starter Castroneves slotted into second as the pair of Acuras led the 29-car starting field.  Montoya soon established a comfortable, eight-second lead before handing off the driving duties to Cameron at the first scheduled pit stop.  Cameron maintained the advantage for the #6 Acura ARX-05 throughout the next two stints, building a lead of as much as 12 seconds.

Meanwhile, Castroneves survived an early scare when contact with the GTLM Corvette of Jordan Taylor resulted in the Acura losing a front aerodynamic “dive plane” in Turn 11.  Despite the resulting understeer, Castroneves and co-driver Ricky Taylor were able to fend off the frequent advances from the #31 Cadillac of third-running Pipo Derani and Felipe Nasr until the first and only caution flag of the race – for debris on track – waved with just over 20 minutes remaining.

However, when green flag racing resumed, both Cameron and Taylor were able to gap the field, enabling Cameron to let his teammate into the lead in the #7 Acura for the final two laps.  The 1-2 finish for Acura Team Penske move Castroneves and Taylor into the Drivers’ Championship lead with 242 points to 240 for van der Zande and Briscoe; and takes Acura to within one point of Cadillac [263-262] with just the season finale at Sebring remaining.

Acura NSX GT3 Evo Teams
Matt McMurry and Mario Farnbacher scored their second victory of 2020 at WeatherTech Raceway Laguna Seca in the #86 Meyer Shank Racing Acura NSX GT3 Evo to complete a double-win, quadruple-podium day for Acura in IMSA competition.

Leading the GTD field from the class pole, McMurry held off a challenging BMW in the hands of Robby Foley at the start, and established a commanding lead through the first stint of the race before handing over to teammate Farnbacher with under two hours to go.

Farnbacher continued to hold the advantage in his Acura, despite traffic that allowed the BMW, now with Bill Auberlen driving, to close the gap through the middle stages of the race.  But once in clear air, Farnbacher was able to extend the lead until a late-race caution bunched the field up again. When the green waved once more in the final 15 minutes of the race, Farnbacher again stretched the lead to more than 10 seconds at the checkers.

The #57 Heinricher Racing with MSR Curb-Agajanian Acura of Misha Goikhberg and Alvaro Parente had their best result of 2020 with a third-place result.  Goikhberg had a stellar start from fourth, getting around the #63 Ferrari for third.  He and co-driver Parente would maintain their rapid pace throughout the day, finishing third to give Acura four podium-finishing cars today.

The Sprint Championship-contesting Gradient Racing #22 Acura NSX GT3 Evo ran their final IMSA race of the season, highlighted by a season-best eighth in qualifying by starting driver Till Bechtolsheimer.  Although co-driver Marc Miller was shuffled back to a 12th-place finish late in the contest, their NSX showed strong pace in the race, with Miller setting a best race lap of 1:25.922, a time eclipsed by only two other GTD entries.

Today’s class victory by McMurry and Farnbacher catapulted them back to the lead of the IMSA WeatherTech SportsCar Championship GTD Drivers’ standings by seven points, and gives Acura a two-point advantage in the Manufacturers’ title heading into Sebring.

Next
The 2020 IMSA WeatherTech SportsCar Championship now takes a weekend off before resuming November 12-14 for the season-ending Mobil 1 Twelve Hours of Sebring at the famed Sebring International Raceway in central Florida.

Acura Motorsports Social media content and video links from this weekend’s Acura Sports Car Challenge are available on Instagram (www.instagram.com/hondaracing_hpd), Twitter (www.twitter.com/HondaRacing_HPD) and Facebook (www.facebook.com/HondaRacingHPD).

Quotes
Ricky Taylor (#7 Acura Team Penske ARX-05) race winner, Fourth IMSA victory of 2020, moves into the DPi Drivers’ Championship lead with co-driver Helio Castroneves: “It was them [teammates Juan Pablo Montoya and Dane Cameron] being nice guys for us. We were strong all the day, but the No. 6 [Acura] was super, super strong. At the end of the race, we weren’t specifically asking [for a pass around], but when you work for such a strong team like Acura Team Penske, all eyes are on the big goal, the championship. They really were the class of the field this weekend, they really earned the win, but they thought about us and our championship situation.”

Mario Farnbacher (#86 Meyer Shank Racing Acura NSX GT3 Evo) Second GTD win of 2020, returns to the lead of GTD Drivers’ Championship with co-driver Matt McMurry: “That’s exactly what we needed. Last year, we had such a hard race here [finishing eighth] and in a million years I wouldn’t have thought our Acura would perform as well as it did today. I really have to thank Matt [McMurry], because being on the pole here is at least 80% of the job, since [the race here is] all about track position.  Our engineer [Ryan McCarthy], he made a ‘masterpiece’ out of the car. He did a [setup] change overnight and it improved everything – tire wear, pace, overall pace. I’m so incredibly happy that we’re back in the lead of the championship because that’s the important part going into the last race. Bringing home the championship, especially in the last year of the car, means everything.”

David Salters (Technical Director, Honda Performance Development) on today’s double victory for Acura: “Laguna Seca is one of the world’s most iconic race tracks, it’s great to show Acura’s world-class ‘Precision Crafted Performance’, and to take the fight to our very skilled competitors here today in both DPi and GTD.  Our drivers and teams had a superb weekend, with pole positions and victories in both classes; and our best combined result since we returned to DPi competition, along with GTD, in 2018.  Massive thanks to the team of committed associates at HPD who engineer and support these projects.  We race to grow our people and technology at HPD, and weekends like this really reward everyone’s efforts and competence.  Coming into this weekend, our goal was to put ourselves in position to take the championship fight to the last race.  So lets go race and entertain the fans at Sebring.”

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SOURCE Acura Motorsports