According
to a new market report published by Lucintel, the future of the global millimeter
wave (mmWave) radar IC market looks attractive with opportunities in the automotive,
telecommunications, security & imaging, and healthcare industries. The global millimeter wave radar IC market is expected to reach an estimated $1.3 billion
by 2025 with a CAGR of 16.9% from 2020 to 2025. The major drivers for
the growth of this market are increase in
the adoption of advanced driver assistance systems (ADAS) technology by OEMs and
increasing usage of millimeter wave in small-cell backhaul networks.
In
this market, two types of products, such as 24 GHz. and 77 GHz. and others are used.
77 GHz. type mm Wave radar IC is expected to witness the highest growth during
the forecast period due to its wider bandwidth, improve range resolution and
accuracy. Due to their increased signal bandwidth, they have the capability to
distinguish between diverse objects and also offer high resolution.
The
global millimeter wave (mmWave) radar IC market is being used in various end
use industries, such as automotive, telecommunication, security & imaging, healthcare,
and others. Automotive will remain the largest end use industry during the
forecast period. Telecommunication is expected to witness the highest growth
over the forecast period due to growing usage of mm wave radar IC in high-speed
wireless broadband communications.
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 increasing usage in the satellite communication. Infineon
Technologies AG, NXP Semiconductors N.V. Texas Instruments, United Monolithic Semiconductors,
and Mitsubishi Electric Corporation are among the major mmWave radar IC providers.
Lucintel,
a leading global strategic consulting and market research firm,
has analyzed the global millimeter wave radar IC market by product type,
frequency range, technology, end use industry, and region and has come up with
a comprehensive research report entitled “Growth
Opportunities in the Global Millimeter Wave Radar IC Market 2020-2025: 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
millimeter wave radar IC market by product type, frequency range, technology, end
use industry, and the region as follows:
By End Use
Industry [$M and M unit shipment analysis from 2014 to 2025]:
· Automotive
· Telecommunication
· Security & Imaging
· Healthcare
· Others
By Product Type
[$M and M unit shipment analysis from 2014 to 2025]:
· 24 GHz.
· 77 GHz. and Others
By Frequency
Range [$M shipment analysis from 2014 to 2025]:
·
Short and
Medium wave
·
Long-Range
By Technology
[$M shipment analysis from 2014 to 2025]:
·
GaAs
·
SiGe BiCMOS
·
RF CMOS
By Region [$M and M unit shipment analysis for
2014 – 2025]:
·
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 165-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 Telecommunication Report, Telecommunication Market Report, Opportunity Screening and Analysis, Capital Investment Feasibility and SWOT Matrix.
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 millimeter wave radar IC by product type (24 GHz.and 77 GHz. and others),
by frequency range (Short and Medium, Long-Range), by Technology (GaAs, RF
CMOS, and SiGe BiCMOS), by end use industry (Automotive,
Telecommunication, Security & Imaging, Healthcare, and Others), 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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