Radar Level Transmitter Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Technology (Guided Wave Radar, Pulsed Radar, FMCW Radar), By Frequency (C And X-Band (6-11 GHz), K-Band (24-29 GHz), W-Band (75-85 GHZ)), By Industry Vertical (Chemical, Oil & Gas, Healthcare, Energy & Power, Metallurgy, Food & Beverage, Others) And By Geography - Forecasts From 2021 To 2026

The global radar level transmitter market is expected to grow at a compound annual growth rate of 3.91% over the forecast period to reach a market size of US$643.141 million in 2026, from US$491.634 million in 2019. 

Radar Level Transmitters are devices that work based on the time of flight and measure time domain reflectometry and principle. The market is expected to surge in the coming years, due to the rise in the demand for radar level transmitters in various sectors, such as mining, automotive, paper and pulp industry, and others. With the rise in the number of investments in the development of novel and advanced radar level transmitting solutions, the market is expected to surge at an exponential rate, in the coming years.

Increasing use in the automotive sector

The market is expected to surge in the coming years, due to the rising use of radar level transmitters in the automotive sector. With the rise in the global population and disposable income, the demand for automobiles has been increasing at a significant rate. According to the International Organisation of Motor Vehicle Manufacturers, around 91.7 million vehicles were produced in the year 2019. In this sector, radar level transmitters are often used for the fuel storage system. The rise in advancement and innovations and the development of self and advanced driving systems are further expected to accelerate the market growth. Radar has been an imperative technology for advanced driver assistance systems, that can measure and calculate velocity, angle, and distance. It also allows and offers important features and applications such as emergency braking and others.

Latest Developments

Various firms and corporations have been making important spreads in the market.

For instance, Emerson announced the launch of the Rosemount 1480 H Non-contact radar level transmitter which has been easy to use and compact and offers non-contacting and accurate measurements to help ensure food safety in the food and beverage sector. The company's transmitter received the prestigious Red Dot Design Award for product design in the year 2021. Other players have also been making significant developments in the market. For instance, in July 2021, Krohne, one of the key players in the market, announced the launch of its novel radar level transmitter known as Optiwave 6500C, for dusty and powdered atmospheres. The novel product would deliver high measurement in containers, hoppers, and silos.

Rising use in the food and beverage industry

The market is expected to surge in the coming years, due to the increasing use of radar level transmitters in the food and beverage industry. With the rise in urban populations and disposable income, there has been a surge in the demand for solutions, services, and products that complies with safety and hygienic standards and requirements. Companies have been offering products and solutions for their customers in the past few years. The increasing regulations enforced by the EU, the FDA, and other organizations and departments have propelled the demand for novel products and solutions.

Radar Level Transmitter Market Scope:

Report Metric	Details
Market size value in 2019	US$491.634 million
Market size value in 2026	US$643.141 million
Growth Rate	CAGR of 3.91% from 2019 to 2026
Base year	2019
Forecast period	2021–2026
Forecast Unit (Value)	USD Million
Segments covered	Technology, Frequency, Industry Vertical, And Geography
Regions covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies covered	Emerson Electric Co., Siemens AG, Honeywell International, Inc., Ametek Inc.,   Schneider Electric, Yokogawa Electric Corporation, FineTek Co., Ltd, Endress +   Hauser Ltd, Magnetrol International, Incorporated, ABB
Customization scope	Free report customization with purchase

 

Segmentation:

• By Technology
  • Guided Wave Radar
  • Pulsed Radar
  • FMCW Radar
•  By Frequency
  • C and X-Band (6-11 GHz)
  • K-Band (24-29 GHz)
  • W-Band (75-85 GHz)
•  By Industry vertical
  • Chemical
  • Oil & Gas
  • Healthcare
  • Energy & Power
  • Metallurgy
  • Food & Beverage
  • Others
• By Geography
  • North America
    • USA
    • Canadá
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the radar-level transmitter market?
A1. The radar level transmitter market is expected to grow at a CAGR of 3.91% over the forecast period.

Q2. What is the size of the radar-level transmitter market?
A2. Radar Level Transmitter Market was valued at US$491.634 million in 2019.

Q3. What will be the radar-level transmitter market size by 2026?
A3. The global radar level transmitter market is expected to reach a market size of US$643.141 million by 2026.

Q4. Who are the major players in the radar level transmitter market report?
A4. Prominent key market players in the global radar level transmitter market include Emerson Electric Co., Siemens AG, Honeywell International, Inc., and Ametek Inc. among others.

Q5. What factors are anticipated to drive the radar level transmitter market growth?
A5. The growing popularity of non-contact-based transmitters is expected to be the primary factor behind the growing market of radar-level transmitters.                                         

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