The global automotive rear cross traffic alert market is expected to grow at a CAGR 6% to reach a value of USD 1.93 billion during the forecast period of 2019-2024. The increasing concern for road safety is resulting in the rise in demand for the automotive rear cross traffic alert system to minimise vehicular accidents caused by human errors. Europe dominated the market in 2018 due to growing awareness regarding vehicle safety in the region.
Properties and Applications
Rear cross traffic alert is intended to warn the driver about the back-traffic. Automotive rear cross traffic alert finds its applications in passenger cars and commercial vehicles.
The EMR report looks into the regional automotive rear cross traffic alert markets like the North America, Latin America, Europe, Middle East and Africa, and Asia Pacific.
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