The four dimensional (4d) imaging radar global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Four Dimensional (4D) Imaging Radar Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The four dimensional (4D) imaging radar market size has grown rapidly in recent years. It will grow from $2.05 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 16.2%. The growth in the historic period can be attributed to increasing demand for safety features in vehicles, need for high-resolution imaging in real-time applications, increasing focus on developing cutting-edge technologies, growing concerns about cyber-attacks on critical border security.
The four dimensional (4D) imaging radar market size is expected to see rapid growth in the next few years. It will grow to $4.09 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to increase in demand for advanced driver assistance systems (ADAS), rapid growth of the automotive industry, increasing popularity of 4D imaging radar, increasing government initiatives for the implementation of radar technologies, growing need for real-time monitoring systems. Major trends in the forecast period include advancement in next-generation radar sensors, technological advancements in 4D, adoption of 4D imaging radars in autonomous vehicles, rising integration of 4D imaging radar technologies with other sensors and systems, adoption of artificial intelligence and machine learning.
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Scope Of Four Dimensional (4D) Imaging Radar Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Four Dimensional (4D) Imaging Radar Market Overview
Market Drivers –
The growing demand for the automotive industry is expected to propel the growth of the four-dimensional (4D) imaging radar market going forward. The automotive industry drives the 4D radar market with its ongoing emphasis on innovation, safety, and the development of advanced driver assistance systems (ADAS) in automobiles. 4D radar technology improves object identification, tracking, and situational awareness. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Furthermore, according to Brand Finance plc, a UK-based brand valuation company, in 2022, the automobile sector achieved approximately 78 million unit sales, marking a substantial 10% increase compared to both 2021 and 2020. Therefore, the growing demand for the automotive industry is driving the growth of the four-dimensional (4D) imaging radar market.
Market Trends –
Major companies operating in the four-dimensional (4D) imaging radar market are concentrating on developing innovative advanced solutions, such as 4D digital imaging radar, to maintain their competitive edge and address evolving market demands. It is a high-resolution, long-range sensor technology that adds vertical information to traditional radar systems, allowing for more accurate object detection and classification. For instance, in March 2022, Uhnder Inc., a US-based company that develops a digital automotive radar-on-chip, introduced 4D digital imaging radar designed for next-generation advanced driver assistance systems (ADAS), autonomous vehicles (AVs), and automated mobility applications. This radar-on-chip, known as the S80, has much higher resolution, power on target, and contrast than typical analog radar systems. It is intended to improve the detecting capabilities of advanced driver assistance systems (ADAS) and self-driving vehicles. It is software-defined and adheres to high automotive norms. This revolutionary technology also helps to address obstacles that conventional radar systems encounter, such as restricted object classification abilities, poor performance in dire situations, and interference issues produced by several radars being deployed simultaneously.
The four dimensional (4D) imaging radar market covered in this report is segmented –
1) By Type: Short Range Radar, Medium and Long Range Radar
2) By Vehicle Type: Commercial Vehicle, Passenger Cars, Industrial Trucks, Specialty Vehicles, Tractors
3) By Application: Automotive, Aerospace And Defense, Security And Surveillance, Traffic Monitoring And Management
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Regional Insights –
North America was the largest region in the four dimensional (4D) imaging radar market in 2023. The regions covered in the four dimensional (4D) imaging radar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the four dimensional (4D) imaging radar market are Lockheed Martin Corporation, DENSO Corporation, ZF Friedrichshafen AG, Continental AG, General Dynamics Corporation, Honeywell International Inc., Infineon Technologies AG, NXP Semiconductors N.V., Autoliv Inc., Bendix Commercial Vehicles Systems LLC, Kongsberg Gruppen, Fraunhofer FHR, Airbus Defence and Space, Elbit Systems Ltd., Delphi Automotive PLC, Hella Aglaia Mobile Vision GmbH, Vayyar Imaging Technology, Ibeo Automotive Systems GmbH, Oculii Corp, Ainstein, DRS Technologies Inc., Smart Radar Systems, Metawave Corporation, Arbe Robotics
Table of Contents
1. Executive Summary
2. Four Dimensional (4D) Imaging Radar Market Report Structure
3. Four Dimensional (4D) Imaging Radar Market Trends And Strategies
4. Four Dimensional (4D) Imaging Radar Market – Macro Economic Scenario
5. Four Dimensional (4D) Imaging Radar Market Size And Growth
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27. Four Dimensional (4D) Imaging Radar Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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