[Click e-Stock] "SmartRadar, Growth Expected with Full-Scale Mass Production"
NH Investment & Securities analyzed on the 7th that the time for Smart Radar System to mass-produce vehicle 4D imaging radar is approaching.
Ji-Hyun Hwang, a researcher at NH Investment & Securities, explained, "Smart Radar System is developing a low-power 4D imaging radar sensor (RETINA-6F) with Hyundai Mobis and GM," adding, "Development is expected to be completed in the first half of this year."
He continued, "The number of radars installed per vehicle is three, and the unit price is expected to be around 170,000 to 180,000 KRW," adding, "Assuming that Smart Radar System products are applied to 10% of the annual vehicle production volume of client companies, the possible sales scale is about 663 billion KRW."
He emphasized, "Even considering future price reductions and diversification possibilities, it has high sales growth potential," and "Radar applications are expanding to various fields such as drones and home appliances."
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Researcher Hwang analyzed, "Last year, we secured a project from Amazon Prime Air for the development, initial delivery, and mass production potential of delivery drone radar," and "LG Electronics applies radar sensors to its top-tier air conditioner models."
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