PUBLISHER: Lucintel | PRODUCT CODE: 1195509
PUBLISHER: Lucintel | PRODUCT CODE: 1195509
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 reach $877.9 million by 2027 with a CAGR of 15.5% from 2021 to 2027. The major drivers for this market are increase in the adoption of ADAS technology by OEMs, increasing governments' regulations for vehicle safety, and growing demand for autonomous vehicles.
Emerging Trends in the Automotive Millimeter-Wave Radar IC Market
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of CMOS RF transceiver and focus on miniaturization of products. Infineon Technologies AG, NXP Semiconductors N.V., United Monolithic Semiconductors, Mitsubishi Electric Corporation, and Texas Instruments are among the major automotive mmWave radar IC providers.
A total of 96 figures / charts and 87 tables are provided in this 165-page report to help in your business decisions. Learn the scope of benefits, companies researched, and other details of the automotive millimeter-wave radar IC market report.
Automotive Millimeter-Wave Radar IC Market by Segment
By Product Type [$M and M unit shipment analysis from 2016 to 2027]:
By Application [$M shipment analysis from 2016 to 2027]:
By Frequency Range [$M and M Unit shipment analysis from 2016 to 2027]:
By Technology [$M shipment analysis from 2016 to 2027]:
By Region [$M and M Unit shipment analysis for 2016 - 2027]:
List of Automotive Millimeter-Wave Radar IC Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their new product developments, partnerships, mergers & acquisition, and leverage integration opportunities across the value chain. With these strategies automotive millimeter-wave radar IC companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive millimeter-wave radar IC companies profiled in this report include.
Automotive Millimeter-Wave Radar IC Market Insight
Features of Automotive Millimeter-Wave Radar IC Market
Segmentation Analysis: Market size by product type, application, frequency range, technology, and region as follows:
Growth Opportunities: Analysis of growth opportunities in product type, application, frequency range, technology, and region as follows:
FAQ
Q1. What is the automotive millimeter-wave radar IC market size?
Answer:The global automotive millimeter-wave radar IC market is expected to reach an estimated $ 877.9 million by 2027
Q2. What is the growth forecast for automotive millimeter-wave radar IC market?
Answer:The automotive millimeter-wave radar IC market is expected to grow at a CAGR of 15.5% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the automotive millimeter-wave radar IC market?
Answer: 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.
Q4. What are the major applications or end use industries for automotive millimeter-wave radar IC market?
Answer:Adaptive cruise control is the major application for automotive millimeter-wave radar IC market.
Q5. What are the emerging trends in automotive millimeter-wave radar IC market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of CMOS RF transceiver and focus on miniaturization of products.
Q6. Who is the key automotive millimeter-wave radar IC companies?
Answer:Some of the key Automotive Millimeter-Wave Radar IC companies are as follows:
Q7. Which automotive millimeter-wave radar IC product segment will be the largest in future?
Answer: Lucintel forecasts that 24 GHz is the largest product type used due to its low cost. 77 GHz & other types mmWave radar IC are expected to witness the highest growth during the forecast period due to its wider bandwidth, improve range resolution, and accuracy.
Q8. In automotive millimeter-wave radar IC market, which region is expected to be the largest in next 5 years?
Answer:Europe is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.