According to a new market report published by Lucintel, the future of the automotive millimeter-wave (mmWave) radar IC market looks attractive with opportunities in adaptive cruise control, blind spot detection (BSD), forward collision warning, parking assist, automatic emergency braking system (AEBS), and other automotive advanced driver assistance systems (ADAS) applications. The global automotive millimeter-wave radar IC market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.2 billion by 2025 with a CAGR of 13% to 15% from 2020 to 2025. The major drivers for this market are increase in the adoption of ADAS technology by OEMs, increasing governments’ regulations for vehicle safety, and growing demand for autonomous vehicles.
Browse 87 market data tables and 96 figures spread through 166 pages and in-depth TOC on “Global Automotive Millimeter- wave Radar IC Market”
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In this market, different types of automotive millimeter-wave radar IC such as 24 GHz and 77 GHz & others are used as product type. 77 GHz & other type’s mmWave radar IC are expected to witness the highest growth during the forecast period due to its wider bandwidth, improve range resolution, and accuracy.
Within the automotive millimeter-wave (mmWave) radar IC market, adaptive cruise control will remain the largest application over the forecast period. The growing adoption of adaptive cruise control systems in the vehicles due to increased occurrences of road accidents and growing concerns towards road safety are expected to drive the use of mmWave radar IC in this application. AEBS is expected to witness the highest growth over the forecast period.
North America is the largest region by value and volume due to stringent government regulations on safety and increasing demand of autonomous vehicles. Europe is expected to witness the highest growth over the forecast period supported by increasing adoption of ADAS technology by OEMs and government regulations on safety of vehicles.
Emerging trends, which have a direct impact on the dynamics of the automotive millimeter-wave radar IC industry, include introduction of CMOS RF transceiver and focus on miniaturization of products. Infineon Technologies AG, NXP Semiconductors N.V., United Monolithic Semiconductors, Mitsubishi Electric Corporation, and Texas Instruments and others are among the major automotive millimeter-wave radar IC manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global automotive millimeter-wave radar IC market by product type, frequency range, manufacturing technology, application, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Millimeter- wave Radar IC Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global automotive millimeter-wave radar IC market by product type, frequency range, manufacturing technology, application, and region as follows:
By Product Type [$M and M unit shipment analysis from 2014 to 2025]:
24 GHz77 GHz & Others
By Application [$M shipment analysis from 2014 to 2025]:
Adaptive Cruise Control Blind Spot Detection (BSD)Forward Collision WarningParking AssistAutomatic Emergency Braking System (AEBS)Others
By Frequency Range [$M and M Unit shipment analysis from 2014 to 2025]:
Short and Medium RadarLong-Range Radar
By Technology [$M shipment analysis from 2014 to 2025]:
GaAsSiGe BiCMOSRF CMOS
By Region [$M and M Unit shipment analysis for 2014 – 2025]:
North AmericaUnited StatesCanadaMexicoEuropeGermanyUKAsia PacificChinaJapanThe Rest of the World
This 166-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-millimeter-wave-radar-ic-market.aspx or email@example.com.
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