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)
·
Others
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]:
·
GaAs
·
SiGe BiCMOS
·
RF CMOS
By Region [$M and M Unit shipment analysis for
2013 – 2024]:
- North America
Ø United States
Ø Canada
Ø Mexico
·
Europe
Ø United Kingdom
Ø Germany
·
Asia Pacific
Ø Japan
Ø China
·
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
helpdesk@lucintel.com. Lucintel offerings include Mass
Transportation, Transportation
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Analysis.
About Lucintel
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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