Global Automotive Radar Market Forecast to 2028 - A $12.12 Billion Market by 2028 - Adoption of Silicon Germanium (SiGe) and Complementary Metal-Oxide-Semiconductor (CMOS) in Radar Chips - ResearchAndMarkets.com
The global automotive radar market in 2022 stood at US$5.66 billion and is forecast to reach US$12.12 billion by 2028.
- The global automotive radar market in 2022 stood at US$5.66 billion and is forecast to reach US$12.12 billion by 2028.
- In the rapidly evolving landscape of the automotive industry, automotive radar technology has emerged as a beacon of innovation and safety.
- By Dimensionality of Information: The global automotive radar market can be divided into two segments, based on the dimensionality of information, Standard Radar, and 4D Radar.
- By 2028, the 4D radar segment is poised to surpass the standard radar segment as the largest, driven by its superior capabilities in understanding the vehicular environment.