Automotive RADAR Applications Market Analysis: [7.44% CAGR] and USD [2.64 Billion] Market Size Expected by [2029]
The global automotive RADAR applications market has experienced significant growth, driven by advancements in automotive safety systems, the increasing demand for autonomous vehicles, and regulatory mandates emphasizing vehicle safety. According to TechSci Research, the market stood at USD 2.64 billion in 2023 and is anticipated to grow at a CAGR of 7.44% during the forecast period of 2025-2029. Automotive RADAR systems, which rely on radio waves to detect objects, have become indispensable in modern vehicles, enabling a wide range of safety and driver assistance functionalities. Key Automotive RADAR Applications Market Drivers Advancements in Automotive Safety Systems Automotive RADAR systems are central to features such as adaptive cruise control (ACC), collision avoidance systems, and blind-spot detection. These technologies enhance driver comfort, reduce accident risks, and contribute to overall road safety. Growing Demand for Autonomous Vehicles...