Pune, India, Jan. 05, 2022 (GLOBE NEWSWIRE) — The global automotive radar market size is projected to reach USD 3.95 billion by 2028 and exhibit a CAGR of 9.7% between 2021 and 2028. The soaring investments in research and development activities to produce next-generation vehicles equipped with radars sensors are anticipated to boost the market growth. Fortune Business Insights™ has provided this information in its report titled, “Automotive Radar Market, 2021-2028”. The market size stood at USD 2.01 billion in 2020.
Industry Developments-
- September 2021: ZF unveiled its latest Mid-Range Radar (MRR) in partnership with Dongfeng Motor (China) to improve the existing ZF co ASSIST semi-automated system and support next-generation ADAS safety functions on China’s Dongfeng Aelous Yixuan Max.
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The enhancement of radar functionality through the advancement of signal bandwidth capabilities is predicted to emerge as a…
