Lucintel's latest market report analyzed that automotive millimeter-wave radar IC provides attractive 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 automotive millimeter-wave radar IC market is expected to reach $877.9 million by 2027 with a CAGR of 15.5%. In this market, 24 GHz is the largest segment by product type, whereas adaptive cruise control is largest by application. Introduction of CMOS RF transceiver and focus on miniaturization of products provides strategic growth path in this market.
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Based on product type, the automotive millimeter-wave radar IC market is segmented into 24 GHz and 77 GHz & others. The 24 GHz segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, 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.
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The Automotive Millimeter-Wave Radar IC Market is marked by the presence of several big and small players. Some of the prominent players offering automotive millimeter-wave radar IC include Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments, United Monolithic Semiconductor, and Mitsubishi Electric Corporation.
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This unique 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 [email protected].
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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.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
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