DALLAS, March 29, 2019 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the automotive millimeter-wave (mmWave) radar IC market looks attractive with opportunities in adaptive cruise control, blind spot detection (BSD), forward collision warning, parking assist, automatic emergency braking system (AEBS), and other automotive advanced driver assistance systems (ADAS) applications. The global automotive millimeter-wave radar IC market is expected to grow with a CAGR of 16.1% from 2019 to 2024. The major drivers for this market are increase in the adoption of ADAS technology by OEMs, increasing governments’ regulations for vehicle safety, and growing demand for autonomous vehicles.
Browse 87 market data tables and 96 figures spread through 166 pages and in-depth TOC on “Global Automotive Millimeter- wave Radar IC Market" at https://www.lucintel.com/automotive-millimeter-wave-radar-ic-market.aspx
In this market, different types of automotive millimeter-wave radar IC such as 24 GHz and 77 GHz & others are used as product type. 77 GHz & other type’s mmWave radar IC are expected to witness the highest growth during the forecast period due to its wider bandwidth, improve range resolution, and accuracy.
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North America is the largest region by value and volume due to stringent government regulations on safety and increasing demand of autonomous vehicles.
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Emerging trends, which have a direct impact on the dynamics of the automotive millimeter-wave radar IC industry, include introduction of CMOS RF transceiver and focus on miniaturization of products. Infineon Technologies AG, NXP Semiconductors N.V., United Monolithic Semiconductors, Mitsubishi Electric Corporation, and Texas Instruments and others are among the major automotive millimeter-wave radar IC manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed and forecasted for the global automotive millimeter-wave radar IC market by product type, frequency range, manufacturing technology, application, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Automotive Millimeter- wave Radar IC Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at helpdesk@lucintel.com