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.
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 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.
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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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