Automotive Radar Market Projected To Reach USD 12.16 Billion By 2025
San Francisco, 9 Nov 2023: The Report Automotive Radar Market Size, Share & Trends Analysis Report By Range (Long Range, Medium & Short Range), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Application, By Frequency, By Region, And Segment Forecasts, 2018 - 2025 The global automotive radar market size is expected to reach USD 12.16 billion by 2025, growing at a CAGR of 20.8%, according to a study conducted by Grand View Research, Inc. The growing focus on active safety features, innovations in the radar technology, decreasing prices of components, and increasing sales of vehicles are the propelling factors for market growth. Radars play a vital role in detecting objects in various safety systems including adaptive cruise control, pedestrian detection system, blind spot detection, and automated emergency braking. In order to achieve complete vehicle autonomy, it is essential for automakers to focus on the enhancement of the radar tec...