Automotive RADAR Market Size and Forecast 2021-2031
Automotive RADAR Market: Size and Share
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CAGR (2023 - 2031)11.9% -
Market Size 2023
US$ 5.7 Billion -
Market Size 2031
US$ 15.7 Billion
Market Dynamics
- Increase in the Number of Road Accidents
- Rising Interest & Funding towards Autonomous Vehicles
- Rising Demand for Advanced Imaging RADAR
Market Segmentation
Range - Long Range Radar
- Medium Range Radar
- Short Range Radar
Frequency - 24 GHz
- 77 GHz
- 79 GHz
Application - Adaptive Cruise Control
- Autonomous Emergency Braking
- Blind Spot Detection
- Forward Collision Warning System
- Intelligent Park Assist
Vehicle Type - Passenger Cars
- Light Commercial Vehicles
- Medium & Heavy Commercial Vehicles
Automotive RADAR Market Players Density: Understanding Its Impact on Business Dynamics
The Automotive RADAR Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Automotive RADAR Market are:
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Aptiv Plc
- Hella GmbH & Co. KGaA
- Valeo
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Automotive RADAR Market top key players overview
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