In order to determine the velocity and range of moving objects, the automotive millimeter wave radar technology uses short wavelength electromagnetic waves. An automobile millimeter wave radar system has the key benefit of being able to track a signal within a limited distance. Over the last couple of years, the demand for automotive millimeter wave radar has registered strong growth rates with significant CAGR. According to the study, the demand for automotive millimeter wave radar is expected to expand more aggressively during the forecast period and with a higher revenue share, may also affect the global economic structure. With substantial growth rates over the last few years, the Global Automotive millimeter wave radar Market is rising at a faster pace and the market is expected to expand significantly in the forecast period.
MARKET DYNAMICS
Increased cellular technology and smartphone networking adoption in automobiles is expected to drive the growth of the automotive millimeter wave radar market. However, the issues related to sluggish economy in developing countries may restrain the growth of the automotive millimeter wave radar market. Furthermore, the demand for the transmission of data across different channels, including cellular and wireless networks is further going to create market opportunities for the automotive millimeter wave radar market during the forecast period.
MARKET SCOPE
The "Automotive Millimeter Wave Radar Market Analysis to 2028" is a specialized and in-depth study of the automotive millimeter wave radar market with a special focus on the global market trend analysis. The report aims to provide an overview of automotive millimeter wave radar market with detailed market segmentation by type, application, and geography. The automotive millimeter wave radar market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading automotive millimeter wave radar market players and offers key trends and opportunities in the automotive millimeter wave radar market.
MARKET SEGMENTATION
The automotive millimeter wave radar market is segmented on the basis of type and application. On the basis of type, the market is segmented into 24GHz, 77GHz, and other Based on application, the market is segmented as blind spot detection, adaptive cruise control system, and other.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the automotive millimeter wave radar market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The automotive millimeter wave radar market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting automotive millimeter wave radar market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the automotive millimeter wave radar market in these regions.
MARKET PLAYERS
The reports cover key developments in the automotive millimeter wave radar market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from automotive millimeter wave radar market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive millimeter wave radar market. Below mentioned is the list of few companies engaged in the automotive millimeter wave radar market.
The report also includes the profiles of key automotive millimeter wave radar market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Aptiv
- Continental AG
- Denso Corporation
- HELLA GmbH & Co. KGaA
- Hitachi, Ltd.
- NIDEC CORPORATION
- Robert Bosch GmbH
- Shanghai Baolong Automotive Corporation
- Veoneer Inc.
- ZF Friedrichshafen AG
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