Automotive Millimeter-wave Radar Ic Market Is Anticipated To Grow At A Cagr Of 14.2% During 2020-2025

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The global automotive millimeter-wave radar IC market is projected to reach $0.8 billion by 2025, at a CAGR of 14.2% during 2020-2025. The growth of automotive millimeter-wave radar IC market is driven by increase in the adoption of ADAS technology by OEMs, increasing governments’ regulations for vehicle safety, and growing demand for autonomous vehicles.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the automotive millimeter-wave radar IC market by product type (24 GHz and 77 GHz & others), by frequency range (Short & Medium and Long-Range), by manufacturing technology (GaAs, RF CMOS, and SiGe BiCMOS), by application (adaptive cruise control, blind spot detection (BSD), forward collision warning, parking assist, automatic emergency braking system (AEBS), and others applications), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the automotive millimeter-wave radar IC market?
...
... Q.4 What are some changing demands of customers in the automotive millimeter-wave radar IC market?
Q.5 What are the new developments in the automotive millimeter-wave radar IC market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this automotive millimeter-wave radar IC area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this automotive millimeter-wave radar IC market?
Emerging trends, which have a direct impact on the dynamics of the industry, include introduction of CMOS RF transceiver and focus on miniaturization of products.

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Market Segmentation:
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.
North America is expected to be the largest region with the largest growth over the forecast period due to stringent government regulations on safety and increasing demand of autonomous vehicles. Europe is expected to witness the highest growth over the forecast period supported by increasing adoption of ADAS technology by OEMs and government regulations on safety of vehicles.
Key Players in the automotive millimeter-wave radar IC market are Technologies AG, NXP Semiconductors N.V., United Monolithic Semiconductors, Mitsubishi Electric Corporation, and Texas Instruments and others.

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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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