Global Automotive 60GHz mmWave Radar Market Growth 2023-2029

Global Automotive 60GHz mmWave Radar Market Growth 2023-2029

According to our LPI (LP Information) latest study, the global Automotive 60GHz mmWave Radar market size was valued at US$ 6 million in 2022. With growing demand in downstream market, the Automotive 60GHz mmWave Radar is forecast to a readjusted size of US$ 58 million by 2029 with a CAGR of 36.9% during review period.

The research report highlights the growth potential of the global Automotive 60GHz mmWave Radar market. Automotive 60GHz mmWave Radar are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive 60GHz mmWave Radar. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive 60GHz mmWave Radar market.

Millimeter-wave (mmWave) radar is the ideal technology for Child Presence Detection (CPD) delivery. This safety application detects if children have either been left behind or have gained access to a vehicle and become trapped inside. CPD will detect signs of life in the rear of a locked car, alerting the owner or emergency services and activating the HVAC system where possible to prevent deaths from hyperthermia. mmWave radar can penetrate through occlusions such as the driver / front passenger, front seats, and child blankets to detect forgotten children in areas that camera sensors cannot see. mmWave sensors can also catch the subtle movements associated with breathing and heartbeat, resulting in more robust detection of a forgotten child, as opposed to an empty child seat or a forgotten luggage item.

Key Features:

The report on Automotive 60GHz mmWave Radar market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the Automotive 60GHz mmWave Radar market. It may include historical data, market segmentation by Type (e.g., 2D Sensing, 3D Sensing), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive 60GHz mmWave Radar market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive 60GHz mmWave Radar market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the Automotive 60GHz mmWave Radar industry. This include advancements in Automotive 60GHz mmWave Radar technology, Automotive 60GHz mmWave Radar new entrants, Automotive 60GHz mmWave Radar new investment, and other innovations that are shaping the future of Automotive 60GHz mmWave Radar.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive 60GHz mmWave Radar market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive 60GHz mmWave Radar product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive 60GHz mmWave Radar market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive 60GHz mmWave Radar market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive 60GHz mmWave Radar market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive 60GHz mmWave Radar industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive 60GHz mmWave Radar market.

Market Segmentation:

Automotive 60GHz mmWave Radar market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Segmentation by type
2D Sensing
3D Sensing

Segmentation by application
Passenger Car
Commercial Car

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Infineon
Texas Instruments
Acconeer
Socionext
Calterah

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive 60GHz mmWave Radar market?

What factors are driving Automotive 60GHz mmWave Radar market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive 60GHz mmWave Radar market opportunities vary by end market size?

How does Automotive 60GHz mmWave Radar break out type, application?

Please note: The report will take approximately 2 business days to prepare and deliver.