Europe Automotive Millimeter Wave Radar Market was valued at USD 1.1 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030.
The European automotive industry is undergoing a significant transformation, with safety and automation at the forefront. A pivotal technology driving this change is millimeter wave radar, essential for Advanced Driver-Assistance Systems (ADAS) and the progression towards autonomous vehicles. This article delves into the types of automotive millimeter wave radar prevalent in Europe and explores the industry's specific requirements driving their adoption.
Types of Automotive Millimeter Wave Radar in Europe
Millimeter wave radars are categorized based on their operating frequencies, primarily 24 GHz and 77 GHz, each serving distinct functions in vehicle safety systems:
24 GHz Radars: These are typically utilized for short-range applications, such as blind spot detection and parking assistance, offering a balance between performance and cost-effectiveness.
77 GHz Radars: Operating at higher frequencies, these radars provide superior resolution and are essential for long-range applications like adaptive cruise control and collision avoidance systems. Their higher bandwidth allows for more precise object detection, crucial for the development of autonomous driving technologies.
Industry Requirements Fueling Radar Adoption
The surge in millimeter wave radar adoption across Europe can be attributed to several industry-specific requirements:
Enhanced Vehicle Safety: With stringent safety regulations and consumer demand for safer vehicles, manufacturers are integrating radar systems to support features like emergency braking and lane-keeping assistance, which are heavily reliant on radar technology.
Advancement of Autonomous Vehicles: The push towards autonomous driving necessitates sophisticated sensor fusion, where radar plays a crucial role in providing reliable object detection under various driving conditions, including adverse weather.
Electromagnetic Compatibility (EMC) Standards: European regulations require that radar systems operate without causing interference with other electronic systems in the vehicle, necessitating advanced design and testing protocols to meet these standards.
Cost Considerations: While integrating high-frequency radar systems enhances functionality, manufacturers must balance the increased costs, especially in mid-range vehicle segments, to maintain competitive pricing without compromising on safety features.
The European automotive sector's commitment to safety and innovation drives the integration of millimeter wave radar systems. As technology advances and regulatory landscapes evolve, the industry continues to adapt, ensuring that radar systems meet the diverse and growing demands of modern vehicles.
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TOYODA GOSEI
Shinko Nameplate
ZANINI AUTO Grup
Toyota Motor
Shimadzu
ROHDE＆SCHWARZ
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe Automotive Millimeter Wave Radar Market
FMCW (Frequency Modulated Continuous Wave) Radar
Pulse Radar
Modulated Continuous Wave Radar
Transmitter
Receiver
Signal Processor
Antenna
Other Electronics
Adaptive Cruise Control
Collision Avoidance Systems
Blind Spot Detection
Parking Assistance
Traffic Jam Assistance
Vehicle-to-Vehicle Communication
Passenger Cars
Commercial Vehicles
Electric Vehicles
Heavy-Duty Trucks
Autonomous Vehicles
24-27 GHz Band
76-81 GHz Band
V-Band (57–64 GHz)
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Europe Automotive Millimeter Wave Radar Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe Automotive Millimeter Wave Radar Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe Automotive Millimeter Wave Radar Market, By Type
6. Europe Automotive Millimeter Wave Radar Market, By Application
7. Europe Automotive Millimeter Wave Radar Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Europe Automotive Millimeter Wave Radar Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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