Radar Level Transmitter Market is projected to grow at a CAGR of 3.32% between 2025 to 2030.
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.
Segmentation: