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 $877.9 million by 2027 with a CAGR of 15.5%. In this market, 24 GHz 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 products provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/automotive-millimeter-wave-radar-ic-market.aspx Based on product type, the automotive millimeter-wave radar IC market is segmented into 24 GHz and 77 GHz & others. The 24 GHz segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, 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.
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87 – Tables
96 – Figures
165 – 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 Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments, United Monolithic Semiconductor, and Mitsubishi Electric Corporation.
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