PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514957
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1514957
Four-dimensional (4D) Imaging Radar Market size was valued at USD 4,124.2 Million in 2023, expanding at a CAGR of 18.60% from 2024 to 2032.
The Four-Dimensional Imaging Radar Market includes radar systems that can provide not just the three typical spatial dimensions but also an additional dimension connected to time. Length, width, and height 4D imaging radar technology allows the radar system to capture and interpret information about an object's movement and velocity in addition to its geographical location. This advanced radar technology is widely used in applications such as driverless vehicles, surveillance systems, and defense and security applications that require real-time object tracking and monitoring. The 4D imaging radar market is constantly evolving to suit the growing need for more accurate and efficient radar systems across multiple industries.
Four-Dimensional (4D) Imaging Radar Market- Market Dynamics
Growing Demand in the Automotive Industry Propels the Four-dimensional (4D) Imaging Radar Market Growth
Growing demand in the automotive industry is likely to drive the four-dimensional (4D) imaging radar market forward. The automotive industry is driving the 4D radar market with its continued emphasis on innovation, safety, and the development of advanced driver assistance systems (ADAS) in automobiles. 4D radar technology enhances object recognition, tracking, and situational awareness. For instance, in May 2023, according to the European Car Manufacturers group, a Belgium-based car manufacturers group, the global production of motor vehicles reached 85.4 million units in 2022, showing a significant rise of 5.7% compared to 2021. Furthermore, according to Brand Finance plc, a UK-based brand value firm, the vehicle sector reached roughly 78 million unit sales in 2022, a significant 10% rise over both 2021 and 2020.
Four-Dimensional (4D) Imaging Radar Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 18.60% from 2024 to 2032.
Based on Type segmentation, the short-range radar segment is expected to have the largest revenue share in the global 4D imaging radar market.
Based on Application segmentation, the automotive industry is anticipated to increase steadily in the worldwide 4D imaging radar market in 2023.
On the basis of region, North America was the leading revenue generator in 2023
The Global Four-Dimensional (4D) Imaging Radar Market is segmented on the basis of Type, Application, and Region.
The market is divided into two categories based on Type: Short Range Radar and Medium and Long Range Radar. During the forecast period, the short-range radar segment is predicted to have the most revenue share in the worldwide 4D imaging radar market. This is because 3D/4D image Short-Range Radar (SRR) systems operate around a moving vehicle to detect potential collisions with barriers such as other vehicles, walls, people, and objects. This allows for the instant commencement of safety measures such as seat belt pre-tensioning and airbag inflation, as well as the possibility of automated braking to prevent or reduce collisions. The SRR system comprises a number of radars that can be used for different functions, such as parking assistance.
The market is divided into four categories based on Application: Automotive, Aerospace & Defense Industry, Security & Surveillance, and Traffic Monitoring & Management. The automotive segment is predicted to grow at a steady rate in the global 4D imaging radar industry throughout the projected period, owing to increased product launch efforts by leading market players. For instance, Cubtek, an automotive radar manufacturer, collaborated with Rohde & Schwarz and NXP to produce a 4D imaging radar platform. Cubtek Inc. uses Rohde & Schwarz network analyzers to construct a 4D imaging radar for E-band RF measurements. Future self-driving cars will face tough road conditions, necessitating the use of 77 GHz 4D imaging radar sensor modules. In compared to LiDAR, 4D imaging radar is more weather-resistant and meets autonomous vehicle safety regulations.
Four-Dimensional (4D) Imaging Radar Market- Geographical Insights
Geographically, this market is present in North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These zones are further split based on which countries bring business. The North American market is predicted to have the highest revenue share in the worldwide 4D imaging radar market during the forecast period, owing to increased product launches and expansions in this area. For example, Ambarella, Inc., an edge Al semiconductor company, announced the world's first centralized 4D imaging radar architecture, which allows for both centralized basic radar data processing as well as deep, low-level fusion with other sensor inputs such as cameras, LIDAR, and ultrasonic.
The Asia Pacific market is predicted to experience the quickest revenue growth rate in the worldwide 4D imaging radar market during the forecast period, owing to increased product launch activities in this region. For example, ZF has undertaken the commercialization of its imaging radar innovation for China's SAIC Motor Corporation's R-Series vehicles. ZF Imaging radar, previously reffered as Full-Range Radar, examines the vehicle's surroundings in four dimensions, including discrete height data.
Several prominent players in the Four-Dimensional (4D) Imaging Radar Market are continuously developing and supplying innovative radar technologies in a competitive environment. These businesses compete in terms of innovation, product quality, performance, and market dominance. Top 4D imaging radar market participants include Continental AG, ZF Friedrichshafen AG, Arbe, Vayyar Imaging, and Oculii.
In October 2022, Renesas Electronics Corporation, a leading developer of innovative semiconductor solutions, has announced the purchase of Steradian Semiconductors Private Limited, a semiconductor firm focused on 4D imaging radar technologies. Steradian is a 2016 firm that provides radar solutions noted for their exact object detection and energy efficiency, all housed in a small chip.
GLOBAL FOUR-DIMENSIONAL (4D) IMAGING RADAR MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Continental AG
ZF Friedrichshafen AG
Arbe
Vayyar Imaging
Oculii
Ainstein
Metawave Corporation
Hella Aglaia Mobile Vision GmbH
Smart Radar Systems
Blackmore Sensors and Analytics
Others