Share this article SELBYVILLE, Del., Feb. 23, 2021 /PRNewswire/ -- According to the latest report "Radar Sensor Market by Type (Imaging Radar, Non-Imaging Radar), Range (Short-range Radar Sensor, Medium-range Radar Sensor, Long-range Radar Sensor), Application (Automotive, Aerospace & Defense, Industrial, Government & Public Infrastructure), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027", by Global Market Insights, Inc., the market valuation of radar sensor will cross $25 billion by 2027. Major radar sensor market players include Continental AG, DENSO CORPORATION, Infineon Technologies AG, Navtech Radar, Pepperl+Fuchs, SICK AG, Texas Instruments Incorporated, and Veoneer Inc. The market growth is credited to the rising adoption of radar sensors in automotive safety systems such as adaptive cruise control (ACC), blind-spot detection (BSD), automatic emergency brake (AEB), lane change assist (LCA), pre-crash warning (PCW), vehicle-exit assist (VEA), and autonomous technologies. The increasing number of road fatalities around the globe have influenced several governments to mandate the installation of these safety systems to improve road safety.