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24GHz, 77GHz, and 79GHz are primary product included in Automotive Millimeter Wave Radar. 24 GHz is a portion of the SHF radio spectrum internationally allocated to amateur radio and amateur satellite use. An industrial, scientific and medical (ISM) band includes in 24 GHz band from 24.0 GHz to 24.25 GHz. This band is called the narrowband (NB) which have a bandwidth of 250 MHz. If we see 77 GHz, there is a 76-77 GHz band available for vehicular long-range radar applications. This band has the advantage of high allowed equivalent isotropic radiated power (EIRP). The prime and one of the most important benefits of 77 GHz is the wide bandwidth available in that band. The significantly higher bandwidth available at 77 GHz as compared to the 200 MHz ISM band, which is available at 24 GHz. Particularly, the 77-81 GHz SRR band provides up to 4 GHz of sweep bandwidth. The benefits of the 79 GHz are the higher frequency radar systems tend to perform better because they are more reliable and more accurate. Radar devices is a single technology can be used for all applications and it is a much smaller device.
Study indicates that the Automotive Millimeter Wave Radar is divided into four applications which are blind spot detection (BSD), lane change assist (LCA), rear pre-crash system (RPS), and autonomous emergency braking (AEB). Blind Spot Detection (BSD) system is implemented in automobiles for monitoring vehicles at the rear and side of the driver or vehicle and it is a sensor based detection system. BSD systems produce tactile, audible, vibrating or visual form of warnings. When there are other vehicles approaching from the sides, they also assist the driver at the parking lots. Passengers, headrests and window pillars are the various objects which caused the blind spots. For removing the blind spots mirrors are commonly used.
The Blind Spot Detection (BSD) system can monitor to avoid hazardous situations. BSD systems, with the help of cameras and sensor systems generate information about various objects that are outside the range of driver's vision. Sensors or cameras are used by the lane change assist technology to monitor the perimeter of the car, and alerts the driver if a car is approaching fastly from behind or is floating in the blind spot. Based on sensor data, the lane change assist warns the driver acoustically and haptically of imminent collisions when changing lanes. The possibility of an accident and automatically closes the electronic windows and optional panoramic sunroof are identifies by the pre-crash which is a proactive passenger safety system. It also tensions the front seat belts as a precautionary measure. Autonomous emergency braking (AEB) is a vital piece of kit you should have on your new car and it is a safety feature that could save your life. Autonomous emergency braking (AEB) is becoming increasingly common on new cars and it steps in automatically to prevent a collision. In recent years, leading safety experts rate AEB as one of the most important road safety advances.
Geographically, the Automotive Millimeter Wave Radar is divided into Europe, Middle East, and Africa. In Europe; Germany, France, UK, Russia, Italy and Benelux. In Middle East; Saudi Arabia, Israel, UAE and Iran and in Africa; South Africa, Nigeria, Egypt and Algeria. The Europe held the largest share in the global production market of Automotive Millimeter Wave Radar and its revenue of global market exceeds 40% in 2022. The next is USA. 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 millimeter wave 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 for autonomous vehicles.
Automotive Millimeter Wave Radar Market: Product Type
Automotive Millimeter Wave Radar Market: Application
Automotive Millimeter Wave Radar Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Automotive Millimeter Wave Radar Market:
Geographical analysis of Automotive Millimeter Wave Radar Market :
Global Automotive Millimeter Wave Radar Market Report delivers a comprehensive analysis of the following parameters:
| Parameters | Details |
|---|---|
Base Year | 2022 |
Historical Data | 2017-2022 |
Forecast Data | 2023-2029 |
Base Year Value (2022) | USD 5309.68 million |
Forecast Value (2029) | USD 14210.05 million |
CAGR (2022 to 2028) | 15.1 % |
Regional Scope | North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Automotive Millimeter Wave Radar Market was valued at around USD 5309.68 million in 2022 & estimated to reach USD 14210.05 million by 2029.
Automotive Millimeter Wave Radar Market is likely to grow at compounded annual growth rate (CAGR) of 15.1% between 2023 to 2029.
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