Millimeter wave radar prices reduced

Millimeter wave radar is still in a stage of rapid development. Not only 4D millimeter wave may become the next revolution, but millimeter wave radar may also develop to higher frequencies. On February 7, the "China Core" new generation high-frequency and high-performance over-range millimeter wave radar new technology and new results conference was held in Beijing. Hebei Communications Investment Group Co., Ltd., Beijing Institute of Technology, and China Highway Society Science and Technology Achievements Transformation Center jointly released a domestic 94GHz millimeter wave radar chip, which has a vertical detection range of more than 1,200 meters and a horizontal coverage of 50 meters. It has high accuracy and anti- It has strong interference capability and can effectively solve the problem of insufficient long-range detection capabilities of traditional millimeter wave radar.

Guosen Securities predicts that the global millimeter wave radar market will reach 38.4 billion yuan by 2025, with a compound growth rate of 25.5%, and the global millimeter wave radar installed capacity will reach 110 million units, with a compound growth rate of 23.7%. In terms of the Chinese market, it is expected that by 2025, China's millimeter-wave radar market size will reach 14.9 billion yuan, and China's millimeter-wave radar installed capacity will reach 42.5 million. Such a huge market is waiting for Chinese manufacturers to pursue.