Automotive radar market is estimated to expand at a CAGR of 25% during the review period
Market Synopsis As per the research by Market Research Future Reports (MRFR), the worldwide Automotive radar market is estimated to expand at a CAGR of 25 % during the review period. The technological development in the industry is the most significant element influencing the worldwide automotive radar market 20 22 . Besides, the increasing road accidents is another most important factor influencing the global automotive radar market . Furthermore, the government is also taking initiatives to encourage development in the automotive radar market . Moreover, the robust development in sensor technology is projected to expand the market in the forthcoming period. In addition, the increasing production of automobiles is another factor which is augmenting the market. Besides, the growing demand for luxurious cars is a significant factor which results in market expansion. However, the outbreak of COVID-19 has resulted in a halt of several regional markets. Get Free Sample PDF Brochure @