PUBLISHER: The Business Research Company | PRODUCT CODE: 1465784
PUBLISHER: The Business Research Company | PRODUCT CODE: 1465784
Four-dimensional (4D) imaging radar is an advanced sensor technology characterized by high resolution and long-range capabilities. It surpasses traditional 3D radar systems by incorporating vertical information along with horizontal scanning. This technology employs sophisticated signal processing techniques to analyze radar returns from different angles and time instances. The result is the generation of detailed images and reconstructions of the surrounding environment, providing valuable insights for applications such as surveillance, navigation, and environmental monitoring.
The primary types of four-dimensional (4D) imaging radar include short-range radar, medium-range radar, and long-range radar. Short-range radar (SRR) is specifically designed to operate around moving vehicles, allowing for the identification of nearby hazards such as pedestrians, walls, and other objects. Its primary purpose is to initiate immediate safety measures. Short-range radar finds applications in various vehicles, including commercial vehicles, passenger cars, industrial trucks, specialty vehicles, and tractors. It is utilized across different sectors such as automotive, aerospace and defense, security and surveillance, as well as traffic monitoring and management.
The four dimensional (4D) imaging radar market research report is one of a series of new reports from The Business Research Company that provides four dimensional (4D) imaging radar market statistics, including four dimensional (4D) imaging radar industry global market size, regional shares, competitors with a four dimensional (4D) imaging radar market share, detailed four dimensional (4D) imaging radar market segments, market trends and opportunities, and any further data you may need to thrive in the four dimensional (4D) imaging radar industry. This four dimensional (4D) imaging radar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed in the historical period can be attributed to several factors, including the increasing demand for safety features in vehicles, a need for high-resolution imaging in real-time applications, a growing focus on the development of cutting-edge technologies, and heightened concerns about cyber-attacks affecting critical border security. These factors collectively contributed to the advancement and adoption of four-dimensional (4D) imaging radar technology during the historic period.
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 anticipated growth in the forecast period can be attributed to several factors, including the increased demand for advanced driver assistance systems (ADAS), the rapid growth of the automotive industry, a rising popularity of 4D imaging radar, government initiatives promoting the implementation of radar technologies, and a growing need for real-time monitoring systems. Noteworthy trends expected in the forecast period involve advancements in next-generation radar sensors, technological improvements in 4D imaging radar, increased adoption of 4D imaging radars in autonomous vehicles, greater integration of 4D imaging radar technologies with other sensors and systems, and an increased use of artificial intelligence and machine learning in this domain. These trends collectively contribute to the continued evolution and widespread adoption of four-dimensional (4D) imaging radar technologies.
The four-dimensional (4D) imaging radar market is poised for growth, primarily driven by the increasing demand in the automotive industry. This demand is fueled by the industry's continuous focus on innovation, safety, and the development of advanced driver assistance systems (ADAS) for vehicles. The integration of 4D radar technology enhances object identification, tracking, and situational awareness in automobiles, contributing to improved safety features. In 2022, the global production of motor vehicles reached 85.4 million units, representing a significant 5.7% increase compared to the previous year, according to the European Automobile Manufacturers Association. Additionally, the automotive sector achieved approximately 78 million unit sales in 2022, marking a substantial 10% increase compared to both 2021 and 2020, as reported by Brand Finance plc. The growing demand for the automotive industry is a key driver behind the expansion of the four-dimensional (4D) imaging radar market.
Major players in the 4D imaging radar market are actively developing innovative solutions to maintain a competitive edge and meet evolving market demands. One such advancement is the introduction of 4D digital imaging radar, a high-resolution, long-range sensor technology that enhances traditional radar systems by adding vertical information. This improvement enables more accurate object detection and classification. For example, in March 2022, Uhnder Inc., a US-based company specializing in digital automotive radar-on-chip, unveiled the S80, a 4D digital imaging radar designed for next-generation ADAS, autonomous vehicles (AVs), and automated mobility applications. The S80 offers higher resolution, power on target, and contrast than typical analog radar systems. It is designed to enhance the detection capabilities of ADAS and self-driving vehicles, addressing challenges faced by conventional radar systems.
In August 2022, Renesas Electronics Corporation, a Japan-based semiconductor manufacturer, acquired Steradian Semiconductors Private Limited for $48.8 million. This strategic acquisition aims to expand Renasas's presence in the radar market, strengthen its automotive and industrial sensing portfolio, and develop complete automotive radar solutions that simplify system design and accelerate product development. Steradian Semiconductors Private Limited, based in India, specializes in 4D imaging radar solutions, aligning with Renasas's commitment to advancing technology in the automotive sector.
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
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.
The countries covered in the four dimensional (4d) imaging radar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The four-dimensional (4D) imaging radar market includes revenues earned by entities by providing services such as radar system integration, customization and configuration, installation and deployment, training and support, consulting and advisory services, and data processing and analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The four-dimensional (4D) imaging radar market also consists of radar systems, sensor fusion tools, antennas, transmitters, signal processing units, and integrated systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Four Dimensional (4D) Imaging Radar Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on four dimensional (4D) imaging radar market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for four dimensional (4D) imaging radar ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The four dimensional (4D) imaging radar market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.