Automotive Radar Market Growth And Trends
April 10, 2023 ⚊ 1 Min read ⚊ Views 55 ⚊ BUSINESSVehicles equipped with advanced driver-assistance systems (ADAS) require large number of radars, as these enable numerous automobile features. ADAS features like eye-tracking, virtual assistance, gesture recognition, natural language interface, virtual assistance, and speech recognition are extensively dependent on advanced radar systems. Moreover, future developments in ADAS technology will propel the installation of radar-enabled detection units in the vehicles. Owing to this reason, the automotive radar market will progress at a CAGR of 8.4% during 2020–2030. According to P&S Intelligence, the market generated revenue of $5,839.0 million in 2019.
Tags: Automotive Radar, Automotive Radar Market