Automotive Radar Market The automotive radar market is forecasted to grow steadily, achieving a compound annual growth rate (CAGR) of 13.2% from 2023 to 2033. The market, valued at USD 5.2 billion in 2023, is expected to reach approximately USD 18.0 billion by 2033. This growth is driven by the expanding automotive sector and continuous …
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Automotive Radar Market Expected to Reach USD 18.0 Billion by 2033, Growing at a 13.2% CAGR | FMI Reports
The automotive radar market is anticipated to expand its roots at a steady CAGR of 13.2% between 2023 and 2033. The market is expected to have a market share of USD 18.0 billion by 2033, while it is likely to be valued at USD 5.2 billion in 2023 The expanding automotive industry and the dynamic …
Automotive Radar Market Set for Rapid Growth by 2026
Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards developing and incorporating new and advanced automotive radar systems. According to ‘Association for Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally due to road accidents. Advancing automotive technology and concern to reduce road mishaps, …
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Automotive Radar Market Size, Analysis, Top Players, Target Audience and Forecast to 2026
Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards developing and incorporating new and advanced automotive radar systems. According to ‘Association for Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally due to road accidents. Advancing automotive technology and concern to reduce road mishaps, has raised …