Automotive Radar - Global Industry Size, Share, Trends, Analysis and Forecast 2017 – 2022
Automotive Radar market is accounted for $1.2 billion in 2015 and is expected to reach $3.9 billion by 2022 growing at a CAGR of 18.7% from 2015 to 2022. The factors such as increasing advancements in design and functionality of products, growing use of parking and collision sensors and increasing the demand for self driving automotives are the factors favoring the automotive radar market growth. However, high cost of mechanical and optical parts with MEMS micro mirror is the major...
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