Automotive and Transportation Research Reports

  The automotive radar market is flourishing due to a confluence of factors. The primary driver is the surging demand for Advanced Driver-Assistance Systems (ADAS) and autonomous vehicles. These technologies heavily rely on radar for object detection and measurement, making it an essential component. Furthermore, stricter government regulations mandating vehicle safety features create a strong market tailwind. The rising popularity of premium and luxury cars packed with ADAS features is another positive factor propelling the market of automotive radar systems. Browse 266 market data Tables and 83 Figures spread through 277 Pages and in-depth TOC on  "Automotive Radar Market by Range (Short Range, Medium Range and Long Range), Vehicle Type (PC, LCV, and HCV), Frequency (2X-GHz, and 7X-GHz), Propulsion (ICE and Electric), Application and Region - Global Forecast to 2030" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75536718 ...

  The global automotive radar market is projected to grow from USD 6.6 Billion in 2024 to USD 33.6 Billion by 2030, registering a CAGR of 31.1%. The development and commercialization of autonomous and semi-autonomous vehicles rely heavily on radar systems for environmental sensing and object detection. As the industry moves towards higher levels of vehicle automation, the demand for advanced radar systems is expected to rise significantly. Moreover, The growing awareness regarding road safety and the need to reduce accidents encourages the adoption of radar-based safety systems in vehicles. Consumers are increasingly opting for vehicles equipped with advanced safety features. The electric segment of the automotive radar market is expected to grow at a faster rate during the forecast period, driven by the surging sales of EVs, which increasingly come equipped with ADAS. EVs are a foundational platform for autonomous vehicles, which rely heavily on radar for precise navigation an...