Global Automotive Millimeter Wave Radar Market Growth 2023-2029

The global Automotive Millimeter Wave Radar market size is projected to grow from US$ 10130 million in 2022 to US$ 45640 million in 2029; it is expected to grow at a CAGR of 45640 from 2023 to 2029.

Global key players of automotive millimeter wave radar include Bosch, Continental, Denso, etc. The top three players hold a share about 60%. Europe is the largest producer, has a share about 37%, followed by North America and China, with share 29% and 16%, respectively. The largest market is Europe, with a share about 38%, followed by North America and China, with share 31% and 13%, separately.

Automotive millimeter wave radar provides a set of eyes for a vehicle, making navigation easier and giving the driver more control over the vehicle.

Researcher's newest research report, the “Automotive Millimeter Wave Radar Industry Forecast” looks at past sales and reviews total world Automotive Millimeter Wave Radar sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Millimeter Wave Radar sales for 2023 through 2029. With Automotive Millimeter Wave Radar sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Millimeter Wave Radar industry.

This Insight Report provides a comprehensive analysis of the global Automotive Millimeter Wave Radar landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive Millimeter Wave Radar portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive Millimeter Wave Radar market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Millimeter Wave Radar and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Millimeter Wave Radar.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Millimeter Wave Radar market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

77 GHz

24 GHz

Others

Segmentation by application

Adaptive Cruise Control System

Blind Spot Detection

Others

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.

Bosch

Continental

Denso

Hella

Veoneer

Valeo

Aptiv

ZF

Hitachi

Nidec Elesys

Desay SV

Hasco

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive Millimeter Wave Radar market?

What factors are driving Automotive Millimeter Wave Radar market growth, globally and by region?

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

How do Automotive Millimeter Wave Radar market opportunities vary by end market size?

How does Automotive Millimeter Wave Radar break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?