Automotive Radar Market Size, Share | Forecast 2032
Robert Thomas08 Aug, 2024Other
The global automotive radar market size reached US$ 5.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 28.2 Billion by 2032, exhibiting a growth rate (CAGR) of 19.3% during 2024-2032. The increasing demand for advanced driver-assistance systems (ADAS), various technological advancements in radar technology, and the implementation of stringent government regulations and safety standards are some of the major factors propelling the market.
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