Automotive RADAR Market Scope, Size, and Share by 2031
Automotive RADAR Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 5.7 Billion |
Market Size by 2031 | US$ 15.7 Billion |
Global CAGR (2023 - 2031) | 11.9% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Range
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Automotive RADAR Market News and Recent Developments
The Automotive RADAR market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Automotive RADAR market and strategies:
- In January 2021, The company introduced next generation level 1-3 capable advanced driver assistance systems (ADAS) platform. This ADAS solution is cost effective and efficient hence strengthened the product portfolio of the company.
- In September 2023, Valeo partnered with Mobileye. This partnership aimed at development of software-defined best-in class imaging radars for next-generation driver assist and automated driving features.
Automotive RADAR Market Report Coverage and Deliverables
The “Automotive RADAR Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed Porter’s Five Forces analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis