Automotive 4D Imaging Radar Market Size, Share, Trends And Forecast To 2031

Global market for automotive 4D imaging radar is expected to grow at a CAGR of 22% during the forecast period of 2023-2031. 4D radar employs time-of-flight measurement and echolocation to map objects in a 3D environment. With respect to its application in automotive, the 4D imaging radar gives cars the intuition they need to make life-saving split-second judgments while significantly lowering the direct and indirect costs to OEMs and Tier 1 suppliers. Along with in-cabin applications like passenger monitoring and left-child identification, exterior applications, particularly short-range ones like blind-spot detection, have enormous commercial potential.

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Safety has become the utmost priority across the globe. For instance, in 2023, CPD technology must be installed in order to receive all four possible points in the areas of adult protection, child protection, pedestrian protection, and safety assistance. The installation of CPD technology, in particular, is crucial for reducing hot vehicle events, which have killed thousands of children left in automobiles throughout the world. Automakers are concentrating more on in-cabin safety systems like enhanced seat belt reminders (SBR), child presence detection (CPD), and optimized airbag deployment in an effort to meet global safety regulations that are becoming more stringent. Greater requirements, as well as a rise in consumer demand for more comfort features, are expected during the next years.

Short-range radars (SRR) or Medium range radars (MRR) are more affordable than Long-range radars (LRR), which makes them perfect for systems like blind-spot detection and collision warning or assist systems. In level 1 vehicles, two SRR/MRR are often used, but as system complexity rises, that number may rise to four or five, depending on the degree of automation. The use of L2 and autonomous features in automobiles has enormous potential.

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The SRR in the 79GHz band is currently available from companies like SmartMicro and Aptiv, mostly for cross-traffic alert, lane change assistance, and blind-spot identification. OEMs employ a minimum of 4 to 6 SRR and MRR in conjunction to achieve 360-degree horizontal coverage. For its level 2 cars, BMW utilizes SRR and MRR from Continental; a small number of Honda, Jeep, and Mercedes models use Veoneer's radar; and Volkswagen employs SRR from Bosch and Hella. After 2022, the 79 GHz module is anticipated to have significant market penetration, and the 77 GHz module is anticipated to increase during the forecast period 2023- 2031.

UK & Europe held the largest market share by contributing market revenues of US $814 million. World's strongest OEMs are present in the European region. The backing of the government for the development of autonomous vehicles, the growing need for transportation options that are both effective and secure, and the progression of technology for connected and electric vehicles are the primary forces propelling the expansion of this market. The enactment of regulations in Europe pertaining to corporate mergers and acquisitions, intellectual property, cybersecurity, and product liability has created an environment that significantly contributed to the revenues in this region. 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 2023 to 2031.

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As the market is niche and very less market players have ventured into the automotive 4D imaging radar segment. However, the environment is cohesive for potential entrants during the forecast period. Key players in this market include Vayyar Imaging, Arbe Robotics, Uhnder, RFISee, RadSee, Smart Radar System, Zadar Labs, Oculli, InnoSenT, Infineon, and Ainstein. Other players focusing on higher-level automation include Texas Instruments, NXP Semiconductors, ST Microelectronics, Xilinx, and Analog Devices

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Key Market Trends

Global market for automotive 4D imaging radar is expected to grow at a CAGR of 22% during the forecast period of 2023-2031.
Demand for Safety and comfort remains the key driver boosting the market growth.
The use of L2 and autonomous features in automobiles has enormous potential.
After 2022, the 79 GHz module is anticipated to have significant market penetration, and the 77 GHz module is anticipated to increase during the forecast period 2023- 2031.
North America led the global market for automotive 4D imaging radar in 2022 and is expected to continue to be the global leader during the forecast period of 2023 - 2031.
North America is also expected to grow at the fastest pace with the highest CAGR in comparison to other geographies during the forecast period.
Europe is the second-largest geography after North America.
As the market is niche and very less market players have ventured into the automotive 4D imaging radar segment.

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