The Global Automotive 4D Imaging Radar Market is projected to grow at a CAGR of around 20% during the forecast period, i.e., 2022-27. The market is driven by the swift escalation in the sales of automated vehicles, especially in recent years due to the mounting popularity of autonomous vehicles. The increased level of security & safety features offered by these vehicles are the key aspects stimulating the demand for inbuilt Radar, Lidar, & other technologies in the Advanced Driver Assistance Systems (ADAS).
Besides, growing awareness among people about the benefits like the safety of the passenger & vehicle through various features such as blind-spot monitoring, collision warning & mitigation, & object identification, among others, are also widening the popularity of these solutions. Thus, the escalating consumer shift towards adopting autonomous vehicles would fuel the requirement for the Automotive 4D imaging Radar for the efficient performance of the vehicle as it provides detailed information about the road, obstacles, and other objects present in the environment.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|Regions Covered||North America: The US, Canada, Mexico|
|Europe: Germany, The UK, France, Italy, Spain, Rest of Europe|
|Asia-Pacific: India, China, Japan, South Korea, Australia, Rest of Asia-Pacific|
|South America: Brazil, Argentina, Rest of South America|
|Middle East & Africa: GCC, South Africa, Israel, Rest of Middle East & Africa|
|Key Companies Profiled||
Ainstein, Continental AG, BOSCH, Okuli, Texas Instruments, Vayyar Imaging, Arbe Robotics, Smart Radr System, Infineon, NXP Semiconductors, Xilinx, RadSee, Uhnder, Zadar Labs, ZF Friedrichshafen AG, Others
|Unit Denominations||USD Million/Billion|
The newly developed 4D imaging radar has taken an edge over the traditional radar system as the traditional imaging radar system has been efficient in scanning the 3D dimension of the roadway, like distance, direction, and relative velocity. Yet, the 4D imaging radar provides information about another dimension i.e., vertical information. In addition, numerous investments by automotive manufacturers have taken place during 2017-2021 to cater to the prevailing and future demand for autonomous cars across the globe. For instance:
Based on Range Type:
Here, Long-Range radar is anticipated to demonstrate considerable growth in the Global Automotive 4D Imaging Radar Market during the forecast period. It owes principally to the growing requirement of long-range radar for sensing fixed or moving objects through direct & indirect propagation & time of flight data up to a distance of 300 meters while operating an autonomous vehicle.
Besides, the long-range radar used in level 2 autonomous vehicles like Tesla Waymo, etc., has capabilities to prevent accidents by identifying vehicles & pedestrians & obstacles over a long distance. Moreover, the development of the fourth dimension of imaging radar technology, like azimuth angle of elevation, offers the features of analyzing the object height for the efficient performance of the autonomous vehicle.
In addition, the integration of the 4D imaging radar sensors has provided reliability for its operation in extreme weather conditions and illumination due to no optics involved in the performance of this technology. Hence, the development of the long-range radar type of 4D imaging provides an extensive opportunity for the manufacturing and commercialization of level 4 and 5 autonomous vehicles owing to its vast range of threat analysis features which would boost the demand for long-range radar in the forecast period.
Based on Application:
Among all, Passenger Monitoring acquired a substantial share in the Global Automotive 4D Imaging Radar market during the historical period due to the mandatory application for wearing seatbelts and efficient operation of airbags in automotive. The application of 4D imaging radar has grown considerably for the proper identification of passengers and drivers' activities such as smoking, talking on the phone, eating, drinking, mobile texting, distraction, falling asleep, etc.
In addition, the 4D imaging radar has also been efficient for the proper monitoring of the driver's alertness and functioning of the airbags according to the number of passengers present at the time of accidents & crashes based on the relative speed of the vehicles. Furthermore, it is projected that demand for 4D imaging radar would grow remarkably for passenger monitoring purposes in the forecast period owing to the upcoming development of autonomous vehicles and ADAS systems across the globe.
On the geographical front, the Global Automotive 4D Imaging Radar Market expands across:
Here, Europe, backed by the UK, is anticipated to make substantial contributions to the market growth during the forecast period. This growth is driven by the presence of the strongest OEMs in the region entwined with the massive support from the government of different countries to develop autonomous vehicles.
It, in turn, is demonstrating a rise in the need for transportation options that are both effective and secure, and the progression of technology for connected and electric vehicles is the primary force propelling the expansion of this market. Moreover, the enactment of regulations in Europe about corporate mergers and acquisitions, intellectual property, cybersecurity, and product liability has created an environment that significantly contributed to the revenues in this region.
Additionally, the patents for self-driving vehicles from 2009 to 2018 conducted by LocalFocus revealed that Europe led the global patent share with a contribution of 33% of all patent applications. However, Asia Pacific is catching up very quickly due to the dominance of China which is performing at a significant growth rate and is expected to lead during the forecast period of 2022 to 2030.
Recent Developments in the Global Automotive 4D Imaging Radar Market
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Automotive 4D Imaging Radar Market is projected to grow at a CAGR of around 20% during 2022-27.
A. Passenger Monitoring is anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Automotive 4D Imaging Radar Market during the forecast period.
A. “Europe” would offer substantial growth prospects in the Global Automotive 4D Imaging Radar Market during 2022-27.