Global Automotive Millimeter Wave Radar Market Research Report 2022

Global Automotive Millimeter Wave Radar Market Research Report 2022

Market Analysis and Insights: Global Automotive Millimeter Wave Radar Market
The global Automotive Millimeter Wave Radar market was valued at USD 8,666.4 million in 2021 and is expected to reach USD 37,188.19 million by the end of 2028, growing at a CAGR of 23.12% between 2022 and 2028.Fully considering the economic change by this health crisis, 77GHz accounted for a major share of 76.82% the global Automotive Millimeter Wave Radar market in 2021, this product segment is poised to reach US$ 32,551.87 million by 2028 from US$ 6,657.66 million in 2021.
North America Automotive Millimeter Wave Radar market size was US$ 2,776.52 million in 2021, while Europe was US$ 3,614.98 million. The proportion of the North America was 32.04% in 2021, while Europe’s percentage was 41.71%, and it is predicted that Europe market share will reach 30.58% in 2028, trailing a CAGR of 17.52% through the analysis period. As for the Asia, the notable markets are China and Japan, CAGR is 39.02% and 18.09% respectively for the next 6-year period.
The global major manufacturers of Automotive Millimeter Wave Radar include Bosch, Continental, Denso, Hella, Veoneer, Valeo, Aptiv, ZF, and Hitachi, etc. In terms of revenue, the global three largest players hold a 60.41% market share of Automotive Millimeter Wave Radar in 2021.
Global Automotive Millimeter Wave Radar Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Automotive Millimeter Wave Radar Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Company
Bosch
Continental
Denso
Hella
Veoneer
Valeo
Aptiv
ZF
Hitachi
Nidec Elesys

Segment by Type
24GHz
77GHz
Others

Segment by Application
Blind Spot Detection
Adaptive Cruise Control System
Others

Production by Region
North America
Europe
China
Japan
Other Regions

Consumption by Region
North America
U.S.
Canada
Mexico

Asia-Pacific
China
Japan
South Korea
Southeast Asia
India

Europe
Germany
France
U.K.
Italy
Russia
Rest of Europe

South America
Brazil
Rest of South America