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 $0.8 billion by 2025 with a CAGR of 14.2%. In this market, 77 GHz and others 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 product 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 and others. The 77 GHz and others segment
accounted for the largest share of the market in 2020 and is expected to
register the highest CAGR during the forecast period, due to its wider
bandwidth, improve range resolution, and accuracy.
Browse in-depth TOC on “Automotive
millimeter-wave radar IC Market”
87 – Tables
96 – Figures
166 – Pages
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 Technologies AG, NXP Semiconductors N.V., United Monolithic
Semiconductors, Mitsubishi Electric Corporation, and Texas Instruments and
others.
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Brandon Fitzgerald
Lucintel
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Texas, USA
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