Driven by new safety regulations, imaging radar innovations, increased automotive radar equipment adoption, and more, it is estimated that the global automotive radar market will grow from US$6.7 billion in 2022 to US$13.6 billion in 2028, with a compound annual growth rate (CAGR) of 12% between 2022 to 2028.
China-based EV company Nio will adopt NXP Semiconductors 4D imaging radar technology, according to an announcement on May 2. Only last month, the carmaker invested in a domestic startup developing the same solution.
Ambarella’s Oculii™ Adaptive AI Radar Software and Highly Efficient 5nm CV3 AI Domain Control SoCs Enable Central Processing and Fusion of Raw 4D Imaging.