Automotive Radar Market Size, Share, Trends, Dynamics, Forecast, Industry, & Growth Analysis
The Automotive Radar Market size was estimated at USD 4.48 billion in 2022 and is likely to grow at a CAGR of 21.48% during 2023-2028 to reach USD 14.4 billion in 2028.
Market Drivers:
The market is being propelled by a growing focus on active safety features, advances in radar technology, lower component prices, and increased vehicle sales. Radars are used in a variety of safety systems, such as adaptive cruise control, pedestrian identification, blind spot detection, and automated emergency braking, to detect objects.