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Automotive Radar Market Competitive Landscape, Growth Factors, Revenue Analysis, 2020–2028

  Increasing demand for automotive radar solutions in Level (0-2) vehicle automation system coupled with high investments in R&D of automotive radar are fueling the market growth. Market Size – USD 5,120.9 Million in 2020, Market Growth - CAGR of 25.6%, Market Trends – Increase in demand for 77 GHz range automotive radar in both the premium and mid-range car segments. The global  Automotive Radar Market  is forecast to reach USD 28.25 Billion by 2028, according to a new report by Reports and Data. Automotive radar helps locate objects surrounding the car with the help of the transmitter and receiver of the radar system. The transmitter of the radar system emits radio waves that stumbles into the object and bounces back to the receiver of the radar, providing information on the real-time location of the objects around the vehicle. The global market is growing at a substantial pace due to the growing demand for advanced driver-assistance systems (ADAS) in all the vehicle types. The