According to a new report, published by KBV research, The Global 4D Imaging Radar Market size is expected to reach $8.6 billion by 2031, rising at a market growth of 17.3% CAGR during the forecast period.
The Short Range Radar Segment is leading the Global 4D Imaging Radar Market by Type in 2023; thereby, achieving a market value of $3.4 billion by 2031. This segment’s dominance can be attributed to its widespread use in automotive applications, particularly for parking assistance, blind-spot detection, and collision avoidance systems. Short-range radars are essential for detecting objects and obstacles near vehicles, making them crucial for enhancing safety and convenience in everyday driving scenarios. The increasing integration of these radars in passenger cars and commercial vehicles has driven significant revenue growth in this segment.
The Security & Surveillance segment is anticipating a CAGR of 18.5% during (2024 - 2031). The rising demand for advanced security solutions across the public and private sectors has led organizations to seek enhanced safety measures for protecting assets and ensuring public safety. 4D imaging radar technology stands out due to its superior detection capabilities in various environmental conditions, such as poor visibility or adverse weather. This makes it ideal for security surveillance and monitoring applications, including perimeter security, crowd monitoring, and critical infrastructure protection.
Full Report: https://www.kbvresearch.com/4d-imaging-radar-market/
The North America region dominated the Global 4D Imaging Radar Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $3.2 billion by 2031. The Europe region is experiencing a CAGR of 16.9% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 18% during (2024 - 2031).
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