Millimeter wave refers to the electromagnetic wave with a wavelength of 1-10mm and a frequency of about 30-300ghz. In the early 1930s, millimeter wave was used for military purposes, such as radar detection, missile guidance, satellite remote sensing and electronic countermeasures.
The application of millimeter wave radar in traffic field can be divided into vehicle end and road end. This paper focuses on vehicle mounted millimeter wave radar. In recent years, millimeter wave radar is widely used in the field of automotive ADAS, mainly for ranging.
This report is one of our series of reports on the automotive electronics industry chain. It has previously covered several tracks such as intelligent cockpit, intelligent driving domain controller, on-board camera and lidar accessories. See Youshu industry chain report library for details.
From the perspective of millimeter wave radar, the recent growth of participants in the industrial chain:
Jiangsu Leike Defense Technology Co.Ltd(002413) - in the first three quarters of 2021, the operating revenue was 1.026 billion yuan, a year-on-year increase of 37%; The net profit attributable to the parent company was 106 million yuan, a year-on-year increase of 3.71%.
Shenzhen H&T Intelligent Control Co.Ltd(002402) - in the first three quarters of 2021, the operating revenue was 4.377 billion yuan, a year-on-year increase of 37.18%; The net profit attributable to the parent company was 438 million yuan, a year-on-year increase of 58.33%.
