Skip to Content

Opportunities For The Global Millimeter Wave Radar IC Market To Reach $1.3 Billion By 2025

Opportunities For The Global Millimeter Wave Radar IC Market To Reach $1.3 Billion By 2025

Submitted by • January 28, 2020 www.lucintel.com

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.

Voted by:
Voted by Roy123

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>