Dublin, Aug. 25, 2023 (GLOBE NEWSWIRE) -- The "Automotive 4D Imaging Radar Market (2023 Edition) - Global Analysis By Value and Volume, Autonomous Level, Range, Application, By Region, By Country: Demand, Trends and Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive 4D Imaging Radar Market is on a trajectory of remarkable growth, poised to reach a valuation of USD 4.1 Billion by the close of 2029, marking a substantial rise from its 2022 value of USD 1.02 Billion.
Anticipated to unfold between 2024 and 2029, the forecast period foresees the Global Automotive 4D Imaging Radar Market expanding at a noteworthy Compound Annual Growth Rate (CAGR) of 22%.
Spanning the historical era of 2019-2022, the estimation for 2023, and the projection spanning 2024-2029, this comprehensive analysis delves into both the value and volume (in million units) dimensions of the market.
Encompassing a detailed scrutiny of regions such as the Americas, Europe, APAC, Middle East, and Africa, as well as ten key countries including the United States, Brazil, Mexico, Canada, Germany, United Kingdom, France, Spain, China, and Japan, this research report presents a comprehensive portrayal. It encapsulates a spectrum of vital data, ranging from market size, annual growth insights, potential analysis, and a competitive evaluation of market players to investment opportunities and demand projections.
At the heart of this burgeoning market's ascent lie factors of profound significance. These encompass heightened investments in autonomous driving technologies, the imposition of rigorous safety regulations, and an escalating consumer demand for advanced driver assistance systems (ADAS).
The Automotive 4D Imaging Radar Market stands poised to capitalize on these drivers, manifesting an era of innovation and transformative advancements.
The evolution in technology, as well as the increasing purchasing power of the customers are driving up the Automotive 4D Imaging Radar Market.
Sensors and ADAS are the autonomous vehicle price drivers. Prices for emerging technologies are expected to reduce swiftly, as is already seen in the market for semi-autonomous driving and smart driver assistance systems. As a result, more individuals will eventually be able to buy them. While there are some marginal changes in geography, most innovation at car and tech industries still occurs domestically.
As consumer awareness of ADAS and autonomous driving technologies grows, there is a rising demand for vehicles equipped with safety features. Many consumers now consider ADAS features a significant factor when purchasing a new vehicle, further driving the demand for 4D imaging radar technology.
The increasing demand for advanced driver assistance systems and autonomous driving technologies is a major driver propelling the growth of the Global Automotive 4D Imaging Radar Market. As the automotive industry continues to prioritize safety and innovation, the adoption of 4D imaging radar is expected to increase, contributing to the transformation of the automotive landscape and paving the way for a safer and more efficient driving future.
Overall, the global automotive 4D imaging radar market is at the forefront of automotive innovation, promising a safer and more efficient driving experience for consumers. With continuous advancements and ongoing research, this technology is expected to reshape the automotive landscape, making autonomous driving a reality and significantly reducing road accidents.
As key players continue to invest in research and development, the future of the automotive industry looks increasingly interconnected with the revolutionary capabilities of 4D imaging radar.
Scope of the Report:
- The report analyses the Global Automotive 4D Imaging Radar Market by Value (USD Billion).
- The report analyses the Global Automotive 4D Imaging Radar Market by Volume (Million Units).
- The report presents the analysis of Global Automotive 4D Imaging Radar Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2029.
- The report analyses the Global Automotive 4D Imaging Radar Market by Range type Autonomous Level (Level1 & below, Level 2 & 2+ and Level 3 & above), Range (Very Short & Short Range, Medium Range - 50m to 100m, Long Range - 100m to 300m).
- The report analyses the Global Automotive 4D Imaging Radar Market by Application (Collision Avoidance and Autonomous Emergency Braking, Adaptive Cruise Control (ACC), Blind Spot Detection and Lane Change Assistance).
- The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by autonomous level, by range type and by application.
- Also, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
- The report tracks competitive developments, strategies, mergers and acquisitions and new product development.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 280 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value in 2023 | 1.03 Billion |
| Forecasted Market Value by 2029 | 4.1 Billion |
| Compound Annual Growth Rate | 22.0% |
| Regions Covered | Global |
Competitive Landscape
- Companies' Product Positioning
- Market Position Matrix
- Market Share Analysis of Automotive 4D Imaging Radar Market
Company Profiles
- Arbe Robotics
- Infineon Technologies AG
- Basler AG
- Continental AG
- Aptiv PLC
- ZF Friedrichshafen AG
- Bosch
- Texas Instruments
- Magna International Inc.
- Denso Corp
Analyst Recommendations
- Investment in Technology Integration
- Amplifying the Product Mix
Industry Ecosystem Analysis
- Macro-Economic Factor Assessment
- Value Chain Analysis
- Automotive Radar Supply Chain Analysis - Overall View
- Porter Analysis
For more information about this report visit https://www.researchandmarkets.com/r/44idye
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
