The millimeter wave radar will be the main vehicle sensor in the future. The localization process will lead the flow of technology, talents and capital from the traditional military industry to the smart car industry. Millimeter wave radar refers to a radar operating in the millimeter wave band. Millimeter wave radar has been widely used in military fields such as radar detection, high-speed communication, missile guidance, satellite remote sensing, and electronic countermeasures. In recent years, with the improvement of the level of millimeter wave devices, circuit design technology, antenna technology and other related technologies are developing. And the maturity, the application of the vehicle millimeter wave radar has also been greatly developed. Compared with ultrasonic radar, millimeter wave radar has the characteristics of small size, light weight and high spatial resolution. Compared with optical sensors such as infrared, laser, and camera, millimeter-wave radar has the ability to penetrate fog, smoke, and dust, and has all-weather all-day characteristics. In addition, the anti-interference ability of millimeter wave radar is better than other on-board sensors. We believe that the millimeter-wave radar will be the standard sensor for smart car ADAS systems with all-weather conditions.
The division of millimeter wave frequency indicates the development direction. The developed countries in the world have switched to the 77GHz upgrade, and the 24GHz products still have a market in the short term in China. According to the current mainstream classification, millimeter wave radar can be divided into 24 GHz radar and 77 GHz radar. Considering China's actual national conditions and the development characteristics of chip research and development, we predict that there will still be market space for 24GHz millimeter-wave radar in China in the next three years. Compared with the global, the large-scale application of China's 77GHz millimeter-wave radar will be slightly pushed back. With the development of technology, the 77GHz millimeter wave radar will be industrialized in the industry, and the future 77GHz millimeter wave radar will completely replace the 24GHz millimeter wave radar.
It is recommended to pay attention to the wave of mergers and acquisitions in the field of millimeter wave radar in 2016 and the strategic layout of related listed companies. We believe that 2016 will be a key year for the millimeter wave radar industry, especially in the second half of this year, the strategic layout of millimeter wave radar resources will be accelerated by major manufacturers. Who can take the lead in obtaining high quality millimeter wave radar resources, who can take the lead in controlling Industry opportunities. All the preparations made by the major manufacturers for the millimeter-wave radar this year are paving the way for the outbreak of the industry in 2017. We expect that 2017 will be the harvest period of the automotive millimeter wave radar industry, and the automotive millimeter wave radar industry will be prosperous. This report aims to analyze the development trend of the millimeter wave radar industry from the perspective of historical evolution and technology update. A number of domestic companies with first-mover advantages such as Huayu Automobile, Senstek, Blink Technology, Shenyang Chengtai, New products such as Easy Track will be put on the market and subject to industry inspection. We strongly recommend paying attention to the industry integration and mergers and acquisitions wave of millimeter wave radar in the second half of 2016.
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