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Opportunities For The Global Automotive Millimeter-wave Radar Ic Market To Grow With A Cagr Of 16.1%
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 grow with a CAGR of 16.1% from 2019 to 2024. 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.
In this market, two major types of products, such as 24 GHz and 77 GHz are used to sense the environment around the vehicle in various applications. 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.
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 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.
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 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides 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 the region as follows:
By Product Type [$M and M unit shipment analysis from 2013 to 2024]:
• 24 GHz
• 77 GHz & Others
By Application [$M shipment analysis from 2013 to 2024]:
• Adaptive Cruise Control
• Blind Spot Detection (BSD)
• Forward Collision Warning
• Parking Assist
• Automatic Emergency Braking System (AEBS)
By Frequency Range [$M and M Unit shipment analysis from 2013 to 2024]:
• Short and Medium Radar
• Long-Range Radar
By Technology [$M shipment analysis from 2013 to 2024]:
• SiGe BiCMOS
• RF CMOS
By Region [$M and M Unit shipment analysis for 2013 – 2024]:
• Asia Pacific
• The 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 firstname.lastname@example.org. Lucintel offerings include Mass Transportation, Transportation Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Analysis.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global automotive millimeter-wave radar IC by product type (24 GHz and 77 GHz & others), by frequency range (Short & Medium and Long-Range), by manufacturing technology (GaAs, RF CMOS, and SiGe BiCMOS), by application (adaptive cruise control, blind spot detection (BSD), forward collision warning, parking assist, automatic emergency braking system (AEBS), and others applications), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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