Press release
Massive Growth of Automotive Millimeter Wave Radar Market by 2028 | Bosch, Denso, Innosent, Autoliv, Delphi, TRW, FujitsuTen
The Global Automotive Millimeter Wave Radar market was valued at USD 6220.42 million in 2021 and is expected to reach USD 19039.85 million by the end of 2028, growing at a CAGR of +26% between 2021 and 2028.New recently published report studies the global Automotive Millimeter Wave Radar Market for the projected period of 8-years, i.e. between 2021 and 2028. The study highlights the opportunities and accomplishments in the market throughout the forecasted period. The report offers the detailed information about the overview and the scope of the global Automotive Millimeter Wave Radar market along with its drivers, restraints, and trends. It also classifies the market into different segments such as by product and by applications. This report includes of all the necessary details of the global Automotive Millimeter Wave Radar markets such as value/volume data, marketing strategies and expert views.
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The automotive millimeter wave radar system employs short wavelength electromagnetic waves to determine the velocity and range of moving objects. The main advantage of an automotive millimeter wave radar system is that it can detect a signal within a short distance. The automotive millimeter wave radar system operating between 76 and 81 GHz and has the ability to detect movements that are as small as a millimeter.
Automotive Millimeter Wave Radar Market Major Players: Continental, Bosch, Denso, Innosent, Autoliv, Delphi, TRW, FujitsuTen, Valeo, Rfbeam, Velodyne Lidar, Hitachi
The report has been prepared with the use of latest primary and secondary research techniques, industry-best tool and various sources. We have used qualitative as well as quantitative analysis to offer a complete study of the global Automotive Millimeter Wave Radar market. Our market research experts have also provided SWOT analysis, PESTLE analysis and other important types of analysis to thoroughly examine the global Automotive Millimeter Wave Radar market. The regional analysis section gives useful information and details related to leading and other geographical markets and shows how they are expected to grow during the forecast period.
Global Automotive Millimeter Wave Radar Market Segmentation:
Automotive Millimeter Wave Radar Industry Types:
• 24GHz Radar Sensor
• 77GHz Radar Sensor
• 79GHz Radar Sensor
• Others
Automotive Millimeter Wave Radar Industry Applications:
• Blind Spot Detection (BSD)
• Lane Change Assist (LCA)
• Rear Pre-Crash System (RPS)
• Autonomous Emergency Braking (AEB)
• Others
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The geographical analysis of the global Automotive Millimeter Wave Radar market provided in the research study is an intelligent tool that interested parties can use to identity lucrative regional markets. It helps readers to become aware of the features of different regional markets and how they are rolling in terms of growth. The report also offers a deep analysis of market dynamics, including drivers, challenges, restraints, trends and opportunities, and market influence factors. It provides statistical analysis of the global Automotive Millimeter Wave Radar market, which includes CAGR, revenue, volume, market shares, and other important figures. On the whole, it comes out as a complete package of various market intelligence studies focusing on the global Automotive Millimeter Wave Radar market.
Years Considered to the Automotive Millimeter Wave Radar Market Size:
• History Year: 2015-2019
• Base Year: 2020
• Forecast Year: 2021-2028
The market study covers the lucrative market scope of North America, Latin America, Asia-Pacific, Europe, Middle East and Africa on the basis of productivity, thus focusing on the leading countries from the global regions. The report also highlights the pricing structure including cost of raw material and cost of manpower.
Key benefits of the report:
• This study presents the analytical depiction of the global Automotive Millimeter Wave Radar industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Automotive Millimeter Wave Radar market share.
• The current market is quantitatively analyzed from 2021 to 2028 to highlight the global Automotive Millimeter Wave Radar market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global Automotive Millimeter Wave Radar market analysis based on competitive intensity and how the competition will take shape in coming years.
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