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Share: ResearchAndMarkets.com s offering. Mmarket was valued at US$ 5,019.0 million in 2019 and is projected to reach US$ 11,640.8 million by 2027; it is expected to grow at a CAGR of 14.9% from 2020 to 2027. APAC led the global Automotive radar market with over 30% revenue share in 2019, followed by Europe. The automotive radar market in APAC is sub segmented into China, India, Japan, South Korea, and the Rest of APAC. The Asia Pacific automotive radar market is expected to grow at a significantly higher CAGR during 2020-2027. Government initiatives - such as Made in China 2025 and Make in India - are catalyzing the growth of the automotive sector in the region. Improvements in infrastructure, increase in domestic consumption, and low labor costs in Southeast Asian countries are the key factors attracting automotive companies to this region. Increasing efforts by automotive giants in the optimization of automated cars is expected to significantly drive the sale of electric

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