Automotive Radar Market Report Size, Share, Growth, Trend, Forecast, & Industry Analysis
The Automotive Radar Market 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. 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.
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