The global demand for Automotive Millimeter Wave Radar Market is presumed to reach the market size of nearly USD 17.91 MN by 2028 from USD 6.3 MN in 2021 with a CAGR of 16.1% under the study period 2022 - 2028.
The automotive millimeter-wave radar system can detect movements as small as a millimeter. The automotive millimeter-wave radar system uses short wavelength electromagnetic radiation to assess the velocity and range of moving objects. The ability to detect a signal over a short distance is the real benefit of an automotive millimeter-wave radar system. Automotive Millimeter-wave radar maps the surrounding environment using highly directed and high-frequency EM radiation. The automotive millimeter Wave radar system operates at a high frequency of 24 GHz, 77 GHz, and 79 GHz, mitigating environmental effects like heat and light. The automotive millimeter Wave radar system antennas are compact, have little power, and are easily integrated into vehicle designs. These automotive millimeter Wave radar systems are adaptable, with short, long, and large detection ranges easily adjustable for particular applications.
Market Dynamics
The automotive millimeter-wave radar system market is likely to develop because of increased demand for advanced technologies in automobiles, such as perimeter monitoring systems and lane departure warning systems. The demand for data transfer via various sources, such as mobile and wireless networks, is continuously expanding, increasing the need for automotive millimeter-wave radar systems. Various OEMs and Tier-1 suppliers are attempting to incorporate multiple technologies into vehicles, such as adaptive cruise control and pedestrian protection systems, which are expected to push the automotive millimeter-wave radar system market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of automotive millimeter wave radar. The growth and trends of automotive millimeter wave radar industry provide a holistic approach to this study.
Market Segmentation
This section of the automotive millimeter wave radar market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Types
By Applications
- Private Car
- Commercial Car
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Automotive Millimeter Wave Radar market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Automotive Millimeter Wave Radar Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the automotive millimeter wave radar market include Anzhi Automotive Parts, Autoliv, Beijing Autoroad Tech, BOSCH, Cheng-Tech, Continental, Delphi, Denso, IntiBeam, HawkEye Technology, Hella, HUAYU Automotive Systems, Nanoradar, RoadKing Tech, Valeo, Sensortech, ZF TRW. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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