Automotive Radar Chipset Market was valued at USD 5.12 Billion in 2022 and is projected to reach USD 12.34 Billion by 2030, growing at a CAGR of 11.6% from 2024 to 2030.
The global automotive radar chipset market has witnessed significant growth in recent years, driven by the increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. As automakers continue to adopt radar technology for safety and convenience features such as adaptive cruise control, collision avoidance, and lane-keeping assistance, the market is expected to expand. Radar chipsets offer the advantage of operating in various weather conditions, making them highly suitable for automotive applications. Moreover, the integration of radar technology with other sensors, such as cameras and LiDAR, further enhances the overall performance of ADAS. This growing reliance on radar-based solutions is anticipated to contribute to the market's rapid expansion in the coming years. With the increasing adoption of electric vehicles and stricter safety regulations across the globe, the automotive radar chipset market is projected to witness a surge in demand over the forecast period.
Several key trends are shaping the future of the automotive radar chipset market. One of the most notable trends is the rise of 77 GHz radar technology, which offers improved resolution, better range, and greater accuracy, making it ideal for next-generation ADAS. Another emerging trend is the increasing focus on miniaturization and cost reduction, allowing for the integration of radar chipsets into a broader range of vehicle models, including entry-level cars. As autonomous vehicles continue to gain traction, there is a growing need for radar chipsets capable of providing real-time, precise data for vehicle navigation and obstacle detection. Additionally, advancements in semiconductor technology are enabling the development of more efficient and powerful radar chipsets, creating new opportunities for manufacturers. These developments are expected to drive innovation and market growth, positioning the automotive radar chipset market for substantial opportunities in the near future.
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Analog Devices
Infineon Technologies
NXP Semiconductors
Texas Instruments
Mitsubishi Electric Corp
Freescale Semiconductor
Imec
TriQuint
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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 Gloabl Automotive Radar Chipset Market
FMCW (Frequency Modulated Continuous Wave)
Pulse Radar
Short-Range Radar
Long-Range Radar
Adaptive Cruise Control (ACC)
Collision Avoidance Systems
Blind Spot Detection
Parking Assistance
Autonomous Driving
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
Hybrid Vehicles
Short Range (up to 30 meters)
Medium Range (30 to 150 meters)
Long Range (150 meters and above)
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Fleet Operators
Ride-Sharing Services
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 Gloabl Automotive Radar Chipset 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. Gloabl Automotive Radar Chipset Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Gloabl Automotive Radar Chipset Market, By Type
6. Gloabl Automotive Radar Chipset Market, By Application
7. Gloabl Automotive Radar Chipset Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Gloabl Automotive Radar Chipset Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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