77GHz Automotive Millimeter Wave Radar Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

77GHz Automotive Millimeter Wave Radar Market Size

The global market for 77GHz Automotive Millimeter Wave Radar was valued at US$ 3218 million in the year 2024 and is projected to reach a revised size of US$ 5724 million by 2031, growing at a CAGR of 8.7% during the forecast period.

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Growing Demand for ADAS: The automotive industry has been increasingly integrating ADAS into vehicles to enhance safety and driver convenience. 77GHz radar systems play a crucial role in these systems, providing capabilities such as adaptive cruise control, lane-keeping assistance, and collision avoidance.

High Resolution and Accuracy: 77GHz radar systems offer higher resolution and accuracy compared to lower-frequency radar systems, making them suitable for applications that require precise object detection and tracking, especially in complex urban environments.

Autonomous Vehicles: As the development of autonomous vehicles continues, 77GHz radar systems are becoming an integral part of sensor suites. They are used for perception tasks such as detecting pedestrians, cyclists, and other vehicles, as well as for long-range sensing capabilities in highway driving scenarios.

Integration with Other Sensors: Automotive manufacturers are increasingly using a combination of radar, lidar, cameras, and other sensors to provide redundancy and improve the overall reliability of autonomous and ADAS systems.

By Type
• Medium-Range Millimeter Wave Radar
• Long-Range Millimeter Wave Radar

By Application
• Blind Spot Detection
• Adaptive Cruise Control System
• Other

Key Companies
Bosch, Continental, Hella, Denso, Veoneer, Valeo, Aptiv, ZF, Hitachi, Nidec Elesys

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This release was published on openPR.