Global Automotive Millimeter-Wave Radar IC Market Size By Product Type (24 GHz, 77 GHz), By Technology (GaAs, RF, CMOS), By Application (Adaptive Cruise Control, Blind Spot Detection, Forward Collision Warning), By Geographic Scope And Forecast
Report ID: 31703|No. of Pages: 202
Global Automotive Millimeter-Wave Radar IC Market Size By Product Type (24 GHz, 77 GHz), By Technology (GaAs, RF, CMOS), By Application (Adaptive Cruise Control, Blind Spot Detection, Forward Collision Warning), By Geographic Scope And Forecast
Automotive Millimeter-Wave Radar IC Market Size And Forecast
Automotive Millimeter-Wave Radar IC Market size was valued at USD 360.14 Million in 2022 and is projected to reach USD 1216.16 Million by 2030, growing at a CAGR of 16.43% from 2024 to 2030.
Automotive millimeter wave radar ICs play a vital role in enhancing vehicle safety by providing accurate and real-time information about the surrounding environment. They enable advanced driver assistance systems (ADAS) and autonomous driving features, helping to prevent accidents and improve overall road safety. The Global Automotive Millimeter-Wave Radar IC Market report delivers a holistic evaluation. The report thoroughly analyzes key segments, trends, drivers, restraints, competitive landscape, and factors that play a substantial role in the Market.
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Global Automotive Millimeter-Wave Radar IC Market Definition
Automotive millimeter wave-radar IC (integrated circuit) is a crucial component in modern automotive radar systems. It is responsible for transmitting and receiving millimeter wave signals and processing the radar data for various applications such as adaptive cruise control, collision warning, automatic emergency braking, blind spot detection, and lane change assist.
Millimeter wave radar operates in the frequency range of 24 GHz to 77 GHz, which allows for high-resolution detection and accurate distance measurement. The radar IC typically includes several key components:
- Transmitter: The transmitter generates and amplifies millimeter wave signals, which are emitted as short pulses. These signals are sent out into the environment and reflected back by objects in the vicinity of the vehicle.
- Receiver: The receiver captures the reflected signals and converts them into electrical signals. It amplifies and filters these signals to remove noise and interference.
- Mixer: The mixer combines the received signals with a local oscillator signal to convert them into a lower frequency range for easier processing.
- Analog-to-Digital Converter (ADC): The ADC digitizes the mixed signals, converting them from analog to digital form. This enables further processing and analysis of the radar data.
- Digital Signal Processor (DSP): The DSP performs various algorithms and calculations on digitized radar data. It extracts information such as the distance, velocity, and angle of detected objects, as well as processes the data for specific applications like collision avoidance.
- Microcontroller Unit (MCU): The MCU coordinates the operation of the radar IC, controls the timing and synchronization of the radar system, and interfaces with other vehicle systems.
- Interfaces: The IC may also include interfaces for communication with other components, such as a CAN (Controller Area Network) interface for integration with the vehicle’s network.
These components are integrated into a single IC to form a complete millimeter wave radar system. The IC’s design and manufacturing process takes into account the stringent requirements for automotive applications, including reliability, durability, and the ability to withstand harsh environmental conditions.
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Global Automotive Millimeter-Wave Radar IC Market Overview
The Market for automotive millimeter-wave radar ICs has been growing steadily in recent years due to the increasing adoption of advanced driver assistance systems (ADAS) in vehicles. These radar ICs are a key component in radar-based safety systems, and their demand is driven by the need for improved vehicle safety, collision avoidance, and autonomous driving capabilities.
The increasing adoption of ADAS features in vehicles is a major driver for the millimeter wave radar IC Market. ADAS systems rely on radar technology to provide features such as adaptive cruise control, automatic emergency braking, blind spot detection, and lane-keeping assistance. These features require high-performance radar ICs to accurately sense the vehicle’s surroundings and detect potential hazards.
The development of autonomous driving technology is another significant factor driving the demand for millimeter wave radar ICs. As autonomous vehicles require a comprehensive understanding of their environment, radar systems play a critical role in providing reliable and real-time data for object detection, localization, and mapping. Radar ICs with advanced processing capabilities are essential for enabling autonomous driving functions.
The Market is witnessing continuous technological advancements in millimeter wave radar ICs. These advancements include improved resolution, higher operating frequencies, enhanced object detection capabilities, and integration with other sensor technologies such as cameras and LiDAR. These innovations contribute to better performance, accuracy, and reliability of automotive radar systems.
Market Attractiveness
The image of Market attractiveness provided would further help to get information about the region that is majorly leading in the global Automotive Millimeter-Wave Radar IC Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Automotive Millimeter-Wave Radar IC Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Automotive Millimeter-Wave Radar IC Market Segmentation Analysis
The Global Automotive Millimeter-Wave Radar IC Market is segmented on the basis of Product Type, Technology, Application, and Geography.
Automotive Millimeter-Wave Radar IC Market, By Product Type
- 24 GHz
- 77 GHz
- Others
Based on the Type, there are three segments of the Market: 24 GHz, 77 GHz, and Others. The 77 GHz mmWave radar IC is predicted to increase at the fastest rate throughout the forecast period due to its wider better features, including bandwidth, improved range resolution, and accuracy.
Automotive Millimeter-Wave Radar IC Market, By Technology
- GaAs
- RF
- CMOS
- SiGe
- BiCMOS
Based on the Technology, GaAs, RF, CMOS, SiGe, and BiCMOS, are the five major segments into which the Market is divided. GaAs technology has been around for a while and still holds a monopoly on the Market in terms of volume. Players are also utilizing RF CMOS in their manufacturing due to emerging technologies and expanded utilization, which boosts the Market as a whole.
Automotive Millimeter-Wave Radar IC Market, By Application
- Adaptive Cruise Control
- Blind Spot Detection
- Forward Collision Warning
- Parking Assist
- Automatic Emergency Braking System
- Others
Based on the Application, The Market is Divided into Adaptive cruise control, blind spot detection, forward collision warning, parking assist, automatic emergency braking system, and others. Adaptive cruise control was the dominant sector in the automotive millimeter-Wave (mmWave) radar IC Market and is projected to continue to be so over the forecast period. The adoption of mmWave radar IC in this application is projected to be driven by the rise in traffic accidents and growing concerns about safety. The Automatic Emergency Braking System (AEBS) is predicted to enjoy the highest increase during the projected period due to the usage of cutting-edge technology and successful outcomes.
Automotive Millimeter-Wave Radar IC Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Based on the Regional Analysis, The Global Automotive Millimeter-Wave Radar IC Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific region is expected to grow at a high growth rate. The Asia Pacific region is a significant Market for automotive millimeter-wave radar ICs, driven by the growth of the automotive industry, increasing vehicle production, and the adoption of advanced driver assistance systems (ADAS) in the region.
Asia Pacific is home to some of the world’s largest automotive markets, including China, Japan, South Korea, and India. The region has witnessed significant growth in vehicle production and sales in recent years. The expanding automotive industry provides a strong foundation for the adoption of advanced safety technologies, including radar-based systems.
Key Players
The “Global Automotive Millimeter-Wave Radar IC Market” study report will offer useful insights. Some of the leading Market participants are Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments, United Monolithic Semiconductor, Mitsubishi Electric Corporation, Fujitsu, NOVELIC, NXP Semiconductor, United Monolithic Semiconductors, and Others.
Our Market analysis contains a section exclusively devoted to such significant firms, where our experts provide a summary of each company’s financial statements as well as product benchmarking and SWOT analysis. The competitive landscape section also includes the key development strategies, Market share analysis, and Market positioning analysis of the aforementioned competitors internationally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
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