New Delhi, Jan. 24 -- According to a new market report published by Lucintel, the future of the global millimeter wave (mmWave) radar IC market looks attractive with opportunities in the automotive, telecommunications, security & imaging, and healthcare industries. The global millimeter wave radar IC market is expected to reach an estimated $1.3 billion by 2025 with a CAGR of 16.9% from 2020 to 2025. The major drivers for the growth of this market are increase in the adoption of advanced driver assistance systems (ADAS) technology by OEMs and increasing usage of millimeter wave in small-cell backhaul networks.
In this market, two types of products, such as 24 GHz. and 77 GHz. and others are used. 77 GHz. type mm Wave radar IC is expected t...