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  • Global Automotive Millimeter Wave Radar Market Projected to Reach 37.19 Billion USD in 2028

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

 

There are mainly two types of Automotive Millimeter Wave Radar market: 24GHz, 77GHz. In 2021, 77GHz accounted for a major share of 76.82% the global Automotive Millimeter Wave Radar market, this product segment is poised to reach US$ 32,551.87 million by 2028 from US$ 6,657.66 million in 2021.

 

The leading manufactures are Bosch, Continental, Denso, Veoneer, Hella, Aptiv, Valeo, ZF, Hitachi, Nidec Elesys, etc. Bosch is the largest manufacturer; its revenue of global market exceeds 26% in 2021, followed by Continental and Denso.

 

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.

 

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.

 

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