Automobile Radar Market Projected for Growth

The global automotive radar market is projected to reach $12.12 billion by 2028, with a CAGR of 14.72% from 2023 to 2028. The Intelligent Park Assist segment is the largest, while the Automatic Emergency Braking (AEB) segment is expected to be the fastest-growing. The 77 GHz frequency range is projected to grow rapidly, and the long-range automotive radar segment is also set for significant growth. Key players in the market include Robert Bosch, Continental, and Denso Corporation, with a focus on industry collaborations and strategic partnerships.