Market Insight-Global Automotive Millimeter Wave Radar Market Overview 2022
The Global Automotive Millimeter Wave Radar Market Size was estimated at USD 6086 million in 2021 and is projected to reach USD 26247 million by 2028, exhibiting a CAGR of 23.22% during the forecast period.– Bossonresearch.com
Millimeter wave (mmWave) radar refers to radar of the wavelengths of 1~10 mm and frequencies of 30~300 GHz. Due to excellent penetration under harsh weather conditions (such as heavy fog or heavy rain), millimeter wave radar has been widely used in the Internet of Vehicles and advanced driver assistance systems (ADAS) to detect objects that are difficult to capture through lenses under the influence of distance or environmental factors. This radar plays a crucial role in helping drivers maintaining safe distances, and is thus a compulsory item.
Currently, the frequencies of the millimeter wave radar for vehicles are divided into three segments: 24 GHz , 77 GHz 79 GHz. 24-GHz millimeter wave radar is also called short-wave radar, which senses from 0.15 meters to about 30 meters, and is mainly used as a Parking Assist. 77 GHz senses from 1 meter to about 100 meters and is mainly used for Blind Spot Detection. The 79-GHz sensing range is up to 250 meters. Therefore, it is used in Adaptive Cruise Control and the Forward Collision Warning System to provide the driver with sufficient response time for braking or dodging.
According to Bosson Research, the Global Automotive Millimeter Wave Radar Market Size was estimated at USD 11930 million in 2021 and is projected to reach USD 17915 million by 2028, exhibiting a CAGR of 2.60% during the forecast period. Penetration of millimeter wave technology in the automobile industry is expected to upsurge principally owing to the prompt growth of the sustaining 5G infrastructure in fundamental areas since the pandemic. With the rising emphasis on communication between automobiles, pedestrians, and even road infrastructure, various OEMs are managing C-V2X pilot agendas with the objective of commercial placement since 2022. These influences, in turn, will result in a growing demand for millimeter wave technology. Henceforth, the pandemic has enhanced the millimeter wave radar market growth.
Figure Global Automotive Millimeter Wave Radar Market Size
Source: Bossonresearch.com, 2022
Segment Market Analysis by Type
Automotive millimeter-wave radar can be classified into three types based on the frequencies utilized: 24GHz, 77GHz, and 79GHz, respectively.
24GHz mmWave radar: 24 GHz mmWave radar is called short wave radar. Short wave radar senses the distance in the range of 15cm to 30m and is used for parking assistance.
77GHz mmWave radar: Blindspot detection requires detection in the medium range of 1m to 100m and 77GHz mmWave radar is used for this purpose. This radar is not applicable within the interior of an automobile.
79GHz mmWave radar: Adaptive cruise control and the forward-collision warning system requires detection up to 250m. 79GHz mmWave radar is incorporated to achieve this long-range detection.
Segment Market Analysis by Vehicle Type
Automotive millimeter-wave radar is used in the following systems of a vehicle:
1 Automatic emergency braking systems
2 Blindspot detection
3 Forward collision warning systems
4 Adaptive cruise control
5 Parking assistance
Key players in the Automotive Millimeter Wave Radar Market include:
Bosch
Continental
Denso
Veoneer
Hella
Aptiv
Valeo
ZF
Hitachi
Nidec Elesys
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