Automotive 4D Imaging Radar Market Summary
According to the new market research report “Global Automotive 4D Imaging Radar Market Report 2024-2030”, published by QYResearch, the global Automotive 4D Imaging Radar market size is projected to reach USD 32.79 billion by 2030, at a CAGR of 76.1% during the forecast period.
According to QYResearch Top Players Research Center, the global key manufacturers of Automotive 4D Imaging Radar include Continental AG, Arbe Robotics, Muniu Tech, WHST, ZF Friedrichshafen AG, Smart Radar System, HUAWEI, CubTEK, BOSCH, Smartmicro, etc. In 2023, the global top 10 players had a share approximately 21.0% in terms of revenue.
In terms of product type, currently MIMO Chip Cascade is the largest segment, hold a share of 87.6%.
In terms of product application, currently Passenger Vehicle is the largest segment, hold a share of 88.7%.
Market Drivers:
D1: Demand for safe driving of cars. With respect to its' application in automotive the 4D imaging radar, gives cars the intuition they need to make life-saving split-second judgments while significantly lowering the direct and indirect costs to OEMs and Tier 1 suppliers.
D2: Improved driving assistance. Accurate identification and simultaneous tracking of several static and/or moving targets are made possible by a wide antenna array. Since there are no optics involved, this method is reliable in all types of weather and illumination. For example, within the cockpit, 4D imaging radar can accurately monitor threats without a line of sight to them.
D3: Rapid development of automatic driving. Autonomous driving (AD) could create massive value for the auto industry, generating hundreds of billions of dollars before the end of this decade. AD could revolutionize the way consumers experience mobility. Safety might also increase, with one study showing that the growing adoption of advanced driver-assistance systems (ADAS) in Europe could reduce the number of accidents by about 15 percent by 2030.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.