Automotive Millimeter Wave Radar IC Market Forecast to 2031
The Automotive Millimeter Wave Radar IC Market is expected to register a CAGR of 14.2% during 2023–2031. The rise in focus towards improving the safety of personal and vehicles is likely to remain a key trend in the market.
Automotive Millimeter Wave Radar IC Market Analysis
- The Automotive Millimeter Wave Radar IC Market is expected to experience considerable growth during the analyzed timeframe owing to rise in government regulations concerning vehicle safety, rising adoption of premium vehicles, growing number of radars used in a vehicle. Moreover, the increase in production and adoption of electric vehicles (EVs) are further expected to support the growth of the Automotive Millimeter Wave Radar IC Market.
- Increasing focus on electric vehicles and innovation in millimeter wave radar ICS are expected to be the key opportunity in the automotive millimeter wave radar IC market.
Automotive Millimeter Wave Radar IC Market Overview
- The high demand for RADAR technology in the automotive industry, owing to the benefits associated with it, including all-weather performance, direct velocity measurement, non-line-of-sight detection, affordability, and others, is projected to drive the market during the forecast period.
- The automotive millimeter-wave radar IC market application includes adaptive cruise control, blind spot detection (BSD), forward collision warning, parking assist, automatic emergency braking system (AEBS), and other features.
- In the automotive industry, millimeter-wave radar is employed for the accurate sensing of location, velocity, and angle with no interference.
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Automotive Millimeter Wave Radar IC Market: Strategic Insights
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Automotive Millimeter Wave Radar IC Market: Strategic Insights
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Automotive Millimeter Wave Radar IC Market Drivers and Opportunities
Increase in the number of Road Accidents to Favor the Market
- Road traffic injuries are a key public concern faced by governments across the globe, and the increasing prevalence of the road accidents drives the development of market in those countries. According to the data by the World Health Organization (WHO), nearly 1.19 million people die due to road accidents.
- Most of the accidents on the road are occur in developing and developed economies are due to human driving errors. Therefore, the increase in frequency of road accidents across the globe owing to human errors increased the demand for RADAR technology which in turn is projected to boost the Automotive Millimeter Wave Radar IC Market from 2023 to 2031.
Rising Demand for Advanced Imaging Radar
- With the mounting number of level 2+ vehicles on the road, the need for advanced and more accurate automotive radar sensors is increasing. This acts as a huge opportunity for OEMs to offer basic-level radar sensors and hence automotive millimeter wave radar IC. For instance, Xilinx and Continental announced the first production-ready 4D imaging radar.
- Theoretically, 4D imaging radar uses echolocation (a mechanism that is observed in dolphins, bats, and several humans) and the time-of-flight measurement principle to capture a space in 3D. Furthermore, these radar systems are designed to fulfill the imaging requirements within the time scale of a fast-moving automobile or a zooming drone.
Automotive Millimeter Wave Radar IC Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Automotive Millimeter Wave Radar IC Market analysis are product type, technology, and application.
- Based on product type, the Automotive Millimeter Wave Radar IC Market is divided into 24 Ghz, 77 Ghz, Others.
- On the basis of technology, the market is divided into Gaas, Rf, Cmos, Sige, and Bicmos.
- Based on application, the Automotive Millimeter Wave Radar IC Market is divided into adaptive cruise control, blind spot detection, forward collision warning, parking assist, automatic emergency braking system, and others.
Automotive Millimeter Wave Radar IC Market Share Analysis by Geography
- Automotive Millimeter Wave Radar IC Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Automotive Millimeter Wave Radar IC Market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Automotive Millimeter Wave Radar IC Market in these regions.
Automotive Millimeter Wave Radar IC Market Report Scope
Automotive Millimeter Wave Radar IC Market News and Recent Developments
The Automotive Millimeter Wave Radar IC Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Automotive Millimeter Wave Radar IC Market are listed below:
- Asahi Kasei Microdevices unveils radar technology for car safety and elder care at ces, the ak581x, akm's new 60 ghz millimeter-wave radar transceiver integrated circuit (ic), delivers accurate, high-resolution detection with automotive-level reliability. When paired with pentosanes 's innovative software, it can wirelessly detect children left behind in cars within seconds, aiming to exceed current vehicle regulations and standards for child presence detection (cpd) globally. (Source: Asahi Kasei Microdevices, Company Website, January 2024)
- Fujitsu develops pioneering millimeter-wave chip technology for 5g radio units multibeam multiplexing technology enables high-speed, high-capacity communications over 10gbps and reduces power consumption by 30% fujitsu limited announced the development of a new millimeter-wave chip for 5g that supports multibeam multiplexing (excluding polarization multiplexing (1)), enabling up to four beams to be multiplexed by a single millimeter-wave chip for the radio units (ru) of 5g base stations. (Source: Fujitsu, Company Website, August 2023)
Automotive Millimeter Wave Radar IC Market Report Coverage and Deliverables
The “Automotive Millimeter Wave Radar IC Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive Millimeter Wave Radar IC Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive Millimeter Wave Radar IC Market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive Millimeter Wave Radar IC Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Automotive Millimeter Wave Radar IC Market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players operating in the Automotive Millimeter Wave Radar IC Market include Asahi Kasei Microdevices, Infineon, NXP Semiconductors N.V., Infineon Technologies AG, Texas Instruments, United Monolithic Semiconductor, Mitsubishi Electric Corporation, Fujitsu, and NOVELIC.
The rise in focus towards improving the safety of personal and vehicles is the key future trend in the global Automotive Millimeter Wave Radar IC Market in the coming years.
The global Automotive Millimeter Wave Radar IC Market is expected to grow at a CAGR of 14.2% during the forecast period 2023 - 2031.
Increase in the number of road accidents is the major factors driving the Automotive Millimeter Wave Radar IC Market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Millimeter Wave Radar IC Market - By Product Type
1.3.2 Automotive Millimeter Wave Radar IC Market - By Technology
1.3.3 Automotive Millimeter Wave Radar IC Market - By Application
1.3.4 Automotive Millimeter Wave Radar IC Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE MILLIMETER WAVE RADAR IC MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE MILLIMETER WAVE RADAR IC MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. AUTOMOTIVE MILLIMETER WAVE RADAR IC MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE MILLIMETER WAVE RADAR IC - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE MILLIMETER WAVE RADAR IC - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE MILLIMETER WAVE RADAR IC MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. 24 GHZ
7.3.1. Overview
7.3.2. 24 GHz Market Forecast and Analysis
7.4. 77 GHZ
7.4.1. Overview
7.4.2. 77 GHz Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. AUTOMOTIVE MILLIMETER WAVE RADAR IC MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
8.1. OVERVIEW
8.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
8.3. GAAS
8.3.1. Overview
8.3.2. GaAs Market Forecast and Analysis
8.4. RF
8.4.1. Overview
8.4.2. RF Market Forecast and Analysis
8.5. CMOS
8.5.1. Overview
8.5.2. CMOS Market Forecast and Analysis
8.6. SIGE
8.6.1. Overview
8.6.2. SiGe Market Forecast and Analysis
8.7. BICMOS
8.7.1. Overview
8.7.2. BiCMOS Market Forecast and Analysis
9. AUTOMOTIVE MILLIMETER WAVE RADAR IC MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. ADAPTIVE CRUISE CONTROL
9.3.1. Overview
9.3.2. Adaptive Cruise Control Market Forecast and Analysis
9.4. BLIND SPOT DETECTION
9.4.1. Overview
9.4.2. Blind Spot Detection Market Forecast and Analysis
9.5. FORWARD COLLISION WARNING
9.5.1. Overview
9.5.2. Forward Collision Warning Market Forecast and Analysis
9.6. PARKING ASSIST
9.6.1. Overview
9.6.2. Parking Assist Market Forecast and Analysis
9.7. AUTOMATIC EMERGENCY BRAKING SYSTEM
9.7.1. Overview
9.7.2. Automatic Emergency Braking System Market Forecast and Analysis
9.8. OTHERS
9.8.1. Overview
9.8.2. Others Market Forecast and Analysis
10. AUTOMOTIVE MILLIMETER WAVE RADAR IC MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Automotive Millimeter Wave Radar IC Market Overview
10.1.2 North America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis
10.1.3 North America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Product Type
10.1.4 North America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Technology
10.1.5 North America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Application
10.1.6 North America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Millimeter Wave Radar IC Market
10.1.6.1.1 United States Automotive Millimeter Wave Radar IC Market by Product Type
10.1.6.1.2 United States Automotive Millimeter Wave Radar IC Market by Technology
10.1.6.1.3 United States Automotive Millimeter Wave Radar IC Market by Application
10.1.6.2 Canada Automotive Millimeter Wave Radar IC Market
10.1.6.2.1 Canada Automotive Millimeter Wave Radar IC Market by Product Type
10.1.6.2.2 Canada Automotive Millimeter Wave Radar IC Market by Technology
10.1.6.2.3 Canada Automotive Millimeter Wave Radar IC Market by Application
10.1.6.3 Mexico Automotive Millimeter Wave Radar IC Market
10.1.6.3.1 Mexico Automotive Millimeter Wave Radar IC Market by Product Type
10.1.6.3.2 Mexico Automotive Millimeter Wave Radar IC Market by Technology
10.1.6.3.3 Mexico Automotive Millimeter Wave Radar IC Market by Application
10.2. EUROPE
10.2.1 Europe Automotive Millimeter Wave Radar IC Market Overview
10.2.2 Europe Automotive Millimeter Wave Radar IC Market Forecasts and Analysis
10.2.3 Europe Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Product Type
10.2.4 Europe Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Technology
10.2.5 Europe Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Application
10.2.6 Europe Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Millimeter Wave Radar IC Market
10.2.6.1.1 Germany Automotive Millimeter Wave Radar IC Market by Product Type
10.2.6.1.2 Germany Automotive Millimeter Wave Radar IC Market by Technology
10.2.6.1.3 Germany Automotive Millimeter Wave Radar IC Market by Application
10.2.6.2 France Automotive Millimeter Wave Radar IC Market
10.2.6.2.1 France Automotive Millimeter Wave Radar IC Market by Product Type
10.2.6.2.2 France Automotive Millimeter Wave Radar IC Market by Technology
10.2.6.2.3 France Automotive Millimeter Wave Radar IC Market by Application
10.2.6.3 Italy Automotive Millimeter Wave Radar IC Market
10.2.6.3.1 Italy Automotive Millimeter Wave Radar IC Market by Product Type
10.2.6.3.2 Italy Automotive Millimeter Wave Radar IC Market by Technology
10.2.6.3.3 Italy Automotive Millimeter Wave Radar IC Market by Application
10.2.6.4 United Kingdom Automotive Millimeter Wave Radar IC Market
10.2.6.4.1 United Kingdom Automotive Millimeter Wave Radar IC Market by Product Type
10.2.6.4.2 United Kingdom Automotive Millimeter Wave Radar IC Market by Technology
10.2.6.4.3 United Kingdom Automotive Millimeter Wave Radar IC Market by Application
10.2.6.5 Russia Automotive Millimeter Wave Radar IC Market
10.2.6.5.1 Russia Automotive Millimeter Wave Radar IC Market by Product Type
10.2.6.5.2 Russia Automotive Millimeter Wave Radar IC Market by Technology
10.2.6.5.3 Russia Automotive Millimeter Wave Radar IC Market by Application
10.2.6.6 Rest of Europe Automotive Millimeter Wave Radar IC Market
10.2.6.6.1 Rest of Europe Automotive Millimeter Wave Radar IC Market by Product Type
10.2.6.6.2 Rest of Europe Automotive Millimeter Wave Radar IC Market by Technology
10.2.6.6.3 Rest of Europe Automotive Millimeter Wave Radar IC Market by Application
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Automotive Millimeter Wave Radar IC Market Overview
10.3.2 Asia-Pacific Automotive Millimeter Wave Radar IC Market Forecasts and Analysis
10.3.3 Asia-Pacific Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Product Type
10.3.4 Asia-Pacific Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Technology
10.3.5 Asia-Pacific Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Application
10.3.6 Asia-Pacific Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Millimeter Wave Radar IC Market
10.3.6.1.1 Australia Automotive Millimeter Wave Radar IC Market by Product Type
10.3.6.1.2 Australia Automotive Millimeter Wave Radar IC Market by Technology
10.3.6.1.3 Australia Automotive Millimeter Wave Radar IC Market by Application
10.3.6.2 China Automotive Millimeter Wave Radar IC Market
10.3.6.2.1 China Automotive Millimeter Wave Radar IC Market by Product Type
10.3.6.2.2 China Automotive Millimeter Wave Radar IC Market by Technology
10.3.6.2.3 China Automotive Millimeter Wave Radar IC Market by Application
10.3.6.3 India Automotive Millimeter Wave Radar IC Market
10.3.6.3.1 India Automotive Millimeter Wave Radar IC Market by Product Type
10.3.6.3.2 India Automotive Millimeter Wave Radar IC Market by Technology
10.3.6.3.3 India Automotive Millimeter Wave Radar IC Market by Application
10.3.6.4 Japan Automotive Millimeter Wave Radar IC Market
10.3.6.4.1 Japan Automotive Millimeter Wave Radar IC Market by Product Type
10.3.6.4.2 Japan Automotive Millimeter Wave Radar IC Market by Technology
10.3.6.4.3 Japan Automotive Millimeter Wave Radar IC Market by Application
10.3.6.5 South Korea Automotive Millimeter Wave Radar IC Market
10.3.6.5.1 South Korea Automotive Millimeter Wave Radar IC Market by Product Type
10.3.6.5.2 South Korea Automotive Millimeter Wave Radar IC Market by Technology
10.3.6.5.3 South Korea Automotive Millimeter Wave Radar IC Market by Application
10.3.6.6 Rest of Asia-Pacific Automotive Millimeter Wave Radar IC Market
10.3.6.6.1 Rest of Asia-Pacific Automotive Millimeter Wave Radar IC Market by Product Type
10.3.6.6.2 Rest of Asia-Pacific Automotive Millimeter Wave Radar IC Market by Technology
10.3.6.6.3 Rest of Asia-Pacific Automotive Millimeter Wave Radar IC Market by Application
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Automotive Millimeter Wave Radar IC Market Overview
10.4.2 Middle East and Africa Automotive Millimeter Wave Radar IC Market Forecasts and Analysis
10.4.3 Middle East and Africa Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Product Type
10.4.4 Middle East and Africa Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Technology
10.4.5 Middle East and Africa Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Application
10.4.6 Middle East and Africa Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Millimeter Wave Radar IC Market
10.4.6.1.1 South Africa Automotive Millimeter Wave Radar IC Market by Product Type
10.4.6.1.2 South Africa Automotive Millimeter Wave Radar IC Market by Technology
10.4.6.1.3 South Africa Automotive Millimeter Wave Radar IC Market by Application
10.4.6.2 Saudi Arabia Automotive Millimeter Wave Radar IC Market
10.4.6.2.1 Saudi Arabia Automotive Millimeter Wave Radar IC Market by Product Type
10.4.6.2.2 Saudi Arabia Automotive Millimeter Wave Radar IC Market by Technology
10.4.6.2.3 Saudi Arabia Automotive Millimeter Wave Radar IC Market by Application
10.4.6.3 U.A.E Automotive Millimeter Wave Radar IC Market
10.4.6.3.1 U.A.E Automotive Millimeter Wave Radar IC Market by Product Type
10.4.6.3.2 U.A.E Automotive Millimeter Wave Radar IC Market by Technology
10.4.6.3.3 U.A.E Automotive Millimeter Wave Radar IC Market by Application
10.4.6.4 Rest of Middle East and Africa Automotive Millimeter Wave Radar IC Market
10.4.6.4.1 Rest of Middle East and Africa Automotive Millimeter Wave Radar IC Market by Product Type
10.4.6.4.2 Rest of Middle East and Africa Automotive Millimeter Wave Radar IC Market by Technology
10.4.6.4.3 Rest of Middle East and Africa Automotive Millimeter Wave Radar IC Market by Application
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Automotive Millimeter Wave Radar IC Market Overview
10.5.2 South and Central America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis
10.5.3 South and Central America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Product Type
10.5.4 South and Central America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Technology
10.5.5 South and Central America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Application
10.5.6 South and Central America Automotive Millimeter Wave Radar IC Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Millimeter Wave Radar IC Market
10.5.6.1.1 Brazil Automotive Millimeter Wave Radar IC Market by Product Type
10.5.6.1.2 Brazil Automotive Millimeter Wave Radar IC Market by Technology
10.5.6.1.3 Brazil Automotive Millimeter Wave Radar IC Market by Application
10.5.6.2 Argentina Automotive Millimeter Wave Radar IC Market
10.5.6.2.1 Argentina Automotive Millimeter Wave Radar IC Market by Product Type
10.5.6.2.2 Argentina Automotive Millimeter Wave Radar IC Market by Technology
10.5.6.2.3 Argentina Automotive Millimeter Wave Radar IC Market by Application
10.5.6.3 Rest of South and Central America Automotive Millimeter Wave Radar IC Market
10.5.6.3.1 Rest of South and Central America Automotive Millimeter Wave Radar IC Market by Product Type
10.5.6.3.2 Rest of South and Central America Automotive Millimeter Wave Radar IC Market by Technology
10.5.6.3.3 Rest of South and Central America Automotive Millimeter Wave Radar IC Market by Application
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. AUTOMOTIVE MILLIMETER WAVE RADAR IC MARKET, KEY COMPANY PROFILES
12.1. ASAHI KASEI MICRODEVICES CORPORATION
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. FUJITSU TEN
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. INFINEON TECHNOLOGIES AG
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. MAXIM INTEGRATED
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. MEDIATEK INC.
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. MITSUBISHI ELECTRIC CORPORATION
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NOVELIC
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NXP SEMICONDUCTORS N.V.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TEXAS INSTRUMENTS
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. UNITED MONOLITHIC SEMICONDUCTORS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1.Asahi Kasei Microdevices Corporation
2.Fujitsu TEN
3.Infineon Technologies AG
4.Maxim Integrated
5.MediaTek Inc.
6.Mitsubishi Electric Corporation
7.NOVELIC
8.NXP Semiconductors N.V.
9.Texas Instruments
10.United Monolithic Semiconductors
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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