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The automotive rear cross traffic alert (RCTA) market size is forecast to increase by USD 3.66 billion at a CAGR of 10% between 2023 and 2028. The market is witnessing significant growth due to the increasing demand for comprehensive safety systems in automobiles. RCTA technology, which alerts drivers to approaching motor vehicles when reversing, is increasingly being included in parking packages offered by automotive Original Equipment Manufacturers (OEMs). However, reliability issues have raised concerns over user acceptance, potentially hindering market growth. Despite this challenge, the market is expected to continue expanding, driven by the growing emphasis on safety features and the increasing adoption of advanced driver assistance systems (ADAS) in vehicles.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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