Radar Sensor Market Is Expected to Reach at a CAGR of 19.51% Between 2017 and 2023
The radar sensor market is expected to reach USD 20.64 Billion by 2023, at a CAGR of 19.51% between 2017 and 2023. Major factors driving the growth of the radar sensor market include increasing territorial conflicts and geopolitical instabilities in Asia Pacific, the Middle East, and the Americas, and the rising demand for radar systems worldwide, as militaries seek to replace legacy systems. The market is further driven by increasing focus on safety, comfort, and assistance features in vehicles.
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