Automotive detection and ranging sensor market on cusp of a boom, tech company reports

ReportLinker recently published its latest report on electronic component trends in the automotive detection and ranging sensor technology market.

Technology Trends and Opportunities in the Automotive Detection and Ranging Sensor Market was categorized by technology type – ultrasonic sensors, imaging sensors, radar and Lidar; by applications – adaptive cruise control, blind spot detection, parking assistance/pedestrian detection and other applications, and by region – Asia Pacific, Europe, North America and other locations.

"The global automotive detection and ranging sensor market is expected to reach [nearly half a billion USD] by 2024 with a CAGR of 22.4 percent from 2019 to 2024," according to a summary of the report, “Imaging sensor and radar are the major technology segments for the global automotive detection and ranging sensor market. The rising demand for object detection, high-resolution target separation, 3D detection and 3600 object recognition technologies are driving the demand for the automotive radar market.”

The full report is available on the ReportLinker website.

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