What is the growth of the automotive radar market?
The global automotive radar market is expected to boom at a CAGR of 25.10% from 2023 to 2030.
Who are the major players in the automotive radar market?
Major players in the market include Continental, Infineon Technologies, NXP Semiconductors, Denso Corporation, Magna International, Autoliv, ZF Friedrichshafen AG, Valeo, Texas Instruments, and Hella. These companies are actively involved in developing new radar technologies and launching innovative products to maintain their market share.
Which region is expected to see the fastest growth in the automotive radar market?
The Asia Pacific region is expected to see the fastest growth due to the rising demand for vehicles and increasing adoption of ADAS features.
What are the key segments of the automotive radar market?
The market is segmented by range type (short & medium, long), application (ACC, AEB, etc.), frequency (24-29 GHz, 77-79 GHz), vehicle type (passenger, commercial), and region.