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Millimeter Wave Radar Market Size & Share, by Frequency Band (24GHz, 60GHz, 76/79GHz); Component (Antennas, Transceivers, Power Amplifiers); Distance (Short range radar (up to 100 meters), Medium range radar (up to 200 meters), Long range radar (over 200 meters)); Application (Smart Home Application, Consumer Electronics, Healthcare, Security & Surveillance Radar, Drones, Construction & Agricultural Machinery) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 6145
  • Published Date: Oct 21, 2024
  • Report Format: PDF, PPT
  1. Introduction
    1. Study Objective
    2. Scope of the report
    3. Market Taxonomy
    4. Study Assumptions and Abbreviations
  2. Research Methodology
    1. Secondary Research
    2. Primary Research
    3. SPSS Approach
    4. Data Triangulation
  3. Executive Summary
  4. Global Industry Overview
    1. Market Overview
    2. Regional Synopsis
    3. Industry Supply Chain Analysis
    4. DROT
      1. Driver
      2. Restraint
      3. Opportunities
      4. Trends
    5. Government Regulation
    6. Competitive Landscape
      1. Novelic
      2. Infineon Technologies AG
      3. NXPSemiconductors
      4. Minew Group
      5. Texas Instruments Incorporated
      6. Fujitsu
      7. D3
      8. Asahi Kasei Microdevices Corporation
      9. Mistral Solutions Pvt. Ltd
      10. DALIAN IFLABEL TECHNOLOGY CO., LTD.
      11. Others
    7. Ongoing Technological Advancements
    8. Price Benchmarking
    9. Frequency Band Analysis
    10. SWOT Analysis
    11. Application Analysis
    12. Customer Centric Application Analysis of mmWave Radar
    13. RFIC Market Analysis Value (USD Million)
    14. RFIC Market Analysis Volume in (Million Units)
    15. Key RFIC Supplier Analysis
    16. Root Cause Analysis for MMWR Market
    17. Recent Developments Analysis
    18. Industry Risk Assessment
    19. Growth Outlook
  5. Global Outlook and Projections
    1. Global Overview
      1. Market Value (USD Million), Volume (Million Units) Current and Future Projections, 2024-2037
      2. Increment USD  Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Global Segmentation (USD Million), 2024-2037, By
      1. Frequency Band, Value (USD Million), Volume (Million Units)
        1. 24GHz
        2. 60GHz
        3. 76/79GHz
      2. Component, Value (USD Million)
        1. Antennas
        2. Transceivers
        3. Power Amplifiers
        4. Others
      3. Distance, Value (USD Million)
        1. Short range radar (up to 100 meters)
        2. Medium range radar (up to 200 meters)
        3. Long range radar (over 200 meters)
      4. Sensory Fusion Configuration, Value (USD Million)
        1. Radar + Camera
        2. Radar + LIDAR
        3. Others
      5. Application, Value (USD Million)
        1. Smart Home
        2. Consumer Electronics
        3. Healthcare
        4. Security and Surveillance Radar
        5. Drones
        6. Construction Machinery/Agricultural Machinery
        7. Others
      6. Regional Synopsis Value (USD Million), Volume (Million Units), 2024-2037
        1. North America, Value (USD Million)
        2. Europe, Value (USD Million)
        3. Asia Pacific, Value (USD Million)
        4. Latin America, Value (USD Million)
        5. Middle East and Africa, Value (USD Million)
  6. North America Market
    1. Overview
      1. Market Value (USD Million), Volume (Million Units), Current and Future Projections, 2024-2037
      2. Increment USD  Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Frequency Band, Value (USD Million), Volume (Million Units)
        1. 24GHz
        2. 60GHz
        3. 76/79GHz
      2. Component, Value (USD Million)
        1. Antennas
        2. Transceivers
        3. Power Amplifiers
        4. Others
      3. Distance, Value (USD Million)
        1. Short range radar (up to 100 meters)
        2. Medium range radar (up to 200 meters)
        3. Long range radar (over 200 meters)
      4. Sensory Fusion Configuration, Value (USD Million)
        1. Radar + Camera
        2. Radar + LIDAR
        3. Others
      5. Application, Value (USD Million)
        1. Smart Home
        2. Consumer Electronics
        3. Healthcare
        4. Security and Surveillance Radar
        5. Drones
        6. Construction Machinery/Agricultural Machinery
        7. Others
      6. Country Level Analysis
        1. U.S.
        2. Canada
  7. Europe Market
    1. Overview
      1. Market Value (USD Million), Volume (Million Units), Current and Future Projections, 2024-2037
      2. Increment USD  Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Frequency Band, Value (USD Million), Volume (Million Units)
        1. 24GHz
        2. 60GHz
        3. 76/79GHz
      2. Component, Value (USD Million)
        1. Antennas
        2. Transceivers
        3. Power Amplifiers
        4. Others
      3. Distance, Value (USD Million)
        1. Short range radar (up to 100 meters)
        2. Medium range radar (up to 200 meters)
        3. Long range radar (over 200 meters)
      4. Sensory Fusion Configuration, Value (USD Million)
        1. Radar + Camera
        2. Radar + LIDAR
        3. Others
      5. Application, Value (USD Million)
        1. Smart Home
        2. Consumer Electronics
        3. Healthcare
        4. Security and Surveillance Radar
        5. Drones
        6. Construction Machinery/Agricultural Machinery
        7. Others
      6. Country Level Analysis
        1. UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. NORDIC
        7. Russia
        8. Rest of Europe
  8. Asia Pacific Market
    1. Overview
      1. Market Value (USD Million), Volume (Million Units), Current and Future Projections, 2024-2037
      2. Increment USD  Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Frequency Band, Value (USD Million), Volume (Million Units)
        1. 24GHz
        2. 60GHz
        3. 76/79GHz
      2. Component, Value (USD Million)
        1. Antennas
        2. Transceivers
        3. Power Amplifiers
        4. Others
      3. Distance, Value (USD Million)
        1. Short range radar (up to 100 meters)
        2. Medium range radar (up to 200 meters)
        3. Long range radar (over 200 meters)
      4. Sensory Fusion Configuration, Value (USD Million)
        1. Radar + Camera
        2. Radar + LIDAR
        3. Others
      5. Application, Value (USD Million)
        1. Smart Home
        2. Consumer Electronics
        3. Healthcare
        4. Security and Surveillance Radar
        5. Drones
        6. Construction Machinery/Agricultural Machinery
        7. Others
      6. Country Level Analysis
        1. China
        2. Japan
        3. India
        4. Australia
        5. South Korea
        6. Vietnam
        7. Thailand
        8. Singapore
        9. Malaysia
        10. Rest of Asia Pacific
  9. Latin America Market
    1. Overview
      1. Market Value (USD Million), Volume (Million Units), Current and Future Projections, 2024-2037
      2. Increment USD  Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Frequency Band, Value (USD Million), Volume (Million Units)
        1. 24GHz
        2. 60GHz
        3. 76/79GHz
      2. Component, Value (USD Million)
        1. Antennas
        2. Transceivers
        3. Power Amplifiers
        4. Others
      3. Distance, Value (USD Million)
        1. Short range radar (up to 100 meters)
        2. Medium range radar (up to 200 meters)
        3. Long range radar (over 200 meters)
      4. Sensory Fusion Configuration, Value (USD Million)
        1. Radar + Camera
        2. Radar + LIDAR
        3. Others
      5. Application, Value (USD Million)
        1. Smart Home
        2. Consumer Electronics
        3. Healthcare
        4. Security and Surveillance Radar
        5. Drones
        6. Construction Machinery/Agricultural Machinery
        7. Others
      6. Country Level Analysis
        1. Brazil
        2. Argentina
        3. Mexico
        4. Rest of Latin America
  10. Middle East & Africa Market
    1. Overview
      1. Market Value (USD Million), Volume (Million Units), Current and Future Projections, 2024-2037
      2. Increment USD  Opportunity Assessment, 2024-2037
      3. Year-on-Year Growth Forecast (%)
    2. Segmentation (USD Million), 2024-2037, By
      1. Frequency Band, Value (USD Million), Volume (Million Units)
        1. 24GHz
        2. 60GHz
        3. 76/79GHz
      2. Component, Value (USD Million)
        1. Antennas
        2. Transceivers
        3. Power Amplifiers
        4. Others
      3. Distance, Value (USD Million)
        1. Short range radar (up to 100 meters)
        2. Medium range radar (up to 200 meters)
        3. Long range radar (over 200 meters)
      4. Sensory Fusion Configuration, Value (USD Million)
        1. Radar + Camera
        2. Radar + LIDAR
        3. Others
      5. Application, Value (USD Million)
        1. Smart Home
        2. Consumer Electronics
        3. Healthcare
        4. Security and Surveillance Radar
        5. Drones
        6. Construction Machinery/Agricultural Machinery
        7. Others
      6. Country Level Analysis
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
  11. World Economic Outlook
  12. About Research Nester
    1. Our Global Clientele
    2. We Serve Clients Across World

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Millimeter Wave Radar Market size was USD 10.2 billion in 2024 and is anticipated to reach a valuation of USD 202.9 billion by the end of 2037, rising at a CAGR of 26.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of millimeter wave radar is assessed at USD 12.4 billion.

The global market is witnessing strong growth, driven by rising demand for advanced driver-assistance systems (ADAS) in the automotive sector and increasing utilization in industrial automation. The technology enables high-resolution detection and enhanced accuracy, making it essential for applications requiring precision, such as autonomous vehicles and smart city infrastructures. An example of this can be seen in the collaboration of Keysight Technologies in March 2021 to establish a millimeter wave radar lab in Suzhou, China. This move promotes the development of technologies for autonomous driving and the better integration of mmWave radars into smart mobility solutions.

The government is also contributing to millimeter wave radar market growth through initiations. For instance, the U.S. Department of Transportation announced in August 2023 that it would provide radar technologies for highway safety improvement programs. This constitutes part of the expanded effort to mount mmWave radar systems in urban areas for enhanced safety, traffic flow management, and data collection in real time. Governments across the globe are also financing projects on mmWave to extend its application to telecommunications, defense, and public safety. This underlines the strategic importance of radar systems across sectors.

Millimeter Wave Radar Market Overview
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Millimeter Wave Radar Sector: Growth Drivers and Challenges

Growth Drivers

  • Expanding autonomous vehicle sector: The adoption of rapid millimeter wave radar in autonomous vehicles is a key factor expected to drive global market growth. Radar technology provides the precise object detection and mapping required for safe and efficient autonomous driving. For example, in February 2021, Arrow Electronics and Jorjin Technologies launched a radar-sensing solution based on Infineon's XENSIV chip, enabling micro and macro motion detection. This innovation highlights the demand for radar technology that can adapt to varied driving conditions, accelerating adoption in the automotive sector.
  • Rising applications in defense and security: Millimeter wave radar technology finds increasing applications in defense and security due to its strong performance of detection amidst environmental variations. The focus on national security has created sizeable investments in this area. In October 2024, the U.S. Department of Defense awarded Raytheon Technologies a contract aimed at developing advanced millimeter wave radar systems with potential use in enhancing surveillance and reconnaissance operations.
  • Increasing adoption in industrial automation: Applications of radar solutions using mmWave technology find increasing adoption in industries for areas like robotics, automation, and quality control. Aviat Networks, in January 2024, developed wireless connectivity and automation-related services in Indonesia together with PT Smartfren Telecom. These types of developments by companies reflect the speed at which radar is becoming an integral building block in industrial automation to facilitate real-time monitoring and operational efficiency.

Challenges

  • Environmental limitations: Environmental factors pose severe challenges to millimeter-wave radar systems, given the immense deterioration rain, fog, or even atmospheric conditions can cause to the quality of the signal and the range of effective detection. According to a report published by UC Davis in September 2023, more than a third of all failures in radar systems during adverse weather conditions were contributed by environmental interference, thus raising serious questions about reliability when these systems were in use for critical applications.
  • Regulatory hurdles: Spectrum allocation involves several regulatory challenges that may further discourage the growth of the millimeter wave radar market. Indeed, a number of delays are presented in the deployment of technologies through a balance by governments between technological advancement and public safety regulations. For example, in April 2024, the Federal Communications Commission (FCC) introduced new regulations aimed at subjecting all new millimeter wave technologies to wide testing and compliance checks before commercial deployment.
Millimeter Wave Radar Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

26.1%

Base Year Market Size (2024)

USD 10.2 billion

Forecast Year Market Size (2037)

USD 202.9 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Millimeter Wave Radar Segmentation

Frequency Band (24GHz, 60GHz, 76/79GHz)

Frequency band of 76/79 GHz segment is poised to hold millimeter wave radar market share of over 45.8% by the end of 2037. This band is preferred owing to its optimum suitability in automotive radar applications, especially in ADAS. Growth in this segment can be attributed to growing demand in the automotive sector for radar collision avoidance and lane keeping. For example, in February 2024, Ceragon launched its 76/79 GHz technology, embodied with high data rates and connectivity suitable for state-of-the-art automotive applications. This new technology enables seamless communication between vehicles and their surroundings, enhancing real-time situational awareness essential for autonomous navigation.

Sensing Fusion Configuration (Radar + Camera, Radar + LIDAR, Others)

In millimeter wave radar market, Radar + LIDAR segment is likely to dominate revenue share of over 45.5% by 2037, due to the increase in enhanced detection capabilities over a wide range of automotive and industrial applications. A combination of radar with LIDAR better the recognition of objects and thus gives better depth perception, which is important in applications needing high accuracy. In July 2024, Sumitomo Electric presented its NEXUSEYE radar sensors for pedestrian detection. This product makes use of the fusion of radar and LIDAR technologies, hence showing its potential to enhance safety under critical conditions and drive the proliferation of these autonomous systems.

Our in-depth analysis of the global market includes the following segments:

Frequency Band
  • 24GHz
  • 60GHz
  • 76/79GHz

Component
  • Antennas
  • Transceivers
  • Power Amplifiers
  • Others

Distance
  • Short range radar (up to 100 meters)
  • Medium range radar (up to 200 meters)
  • Long range radar (over 200 meters)

Sensing Fusion Configuration
  • Radar + Camera
  • Radar + LIDAR
  • Others

Application
  • Smart Home
  • Consumer Electronics
  • Healthcare
  • Security and Surveillance Radar
  • Drones
  • Construction Machinery/Agricultural Machinery
  • Others

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Millimeter Wave Radar Industry - Regional Synopsis

Asia Pacific Market Statistics

Asia Pacific millimeter wave radar market is predicted to dominate revenue share of around 48.7% by the end of 2037. This is owing to rapid urbanization, increasing investments in digital infrastructure, and the rising population in countries such as India and China. Such factors add to the already steady deployment of 5G technology and smart city development as the determining factors. The increasing demand for affordable connectivity and automation in city infrastructure-especially in the automotive sector or telecommunication fields-relies on high-frequency radar systems that provide accurate data in real time.

Market growth in India is fueled by initiatives such as Digital India set up by the government to develop a strong digital framework. Moreover, in March 2024, Avant Technology announced an investment of USD 100 million in an AI-centric data center in India to further consolidate its local data processing and millimeter wave radar capabilities. This facility is expected to be fully operational by 2025, with a design to serve the automotive and telecommunications industries using state-of-the-art radar technologies, catering to the growing demand for high-speed, secure connectivity.

China also contributes a major share due to its massive manufacturing hubs and rapid technology development. Chuhang Technology has launched its new 60 GHz millimeter wave radar product suite at IAA Mobility 2023 in Germany for in-cabin sensing. This marked the first appearance on the international stage and reflected the impact companies in China are making in the radar market. The technology developed in partnership with emotion3D, aims to enhance driver monitoring systems with capabilities like drowsiness detection, underscoring China's leadership in automotive radar solutions and further solidifying its competitive position in Asia Pacific market.

North America Market Analysis

North America millimeter wave radar market is projected to witness growth rate of around 26% from 2025 to 2037, owing to high demand for frequency bands in telecommunications, automotive, and military sectors. The U.S. and Canada are leading countries in the market due to their advanced technological infrastructure and further investment in 5G networks. Also, government initiatives and public-private partnerships for connectivity and smart infrastructure development in urban areas further boost the market growth.

The adoption of millimeter wave radar technology in the U.S. is driven by significant investment in 5G infrastructure and a strong emphasis on the development of autonomous vehicle technology. Furthermore, the market is defined by collaborations that have challenged the frontiers of telecommunications and radar. In December 2023, T-Mobile partnered with Qualcomm and Ericsson to achieve a record speed of 4.3 Gbps on the mmWave spectrum. This showcases the commitment of the country to offering modern telecommunications infrastructure using mmWave technology to satisfy the need for next-generation connectivity in urban and rural areas.

Canada also contributes to the growth of the North America mmWave radar market with its smart city development and advanced radar solutions for public safety. The country is also actively deploying radar technology in metropolitan infrastructures, with partnerships highlighting pedestrian safety and environmental resilience. Companies are developing sensors designed for correct pedestrian detection even in bad weather conditions, underlining Canada's commitment to using radar technology to improve citizens' safety and furthering smart city initiatives.

Millimeter Wave Radar Market Share
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Companies Dominating the Millimeter Wave Radar Landscape

    Competition in the millimeter wave radar market is very high since there are a large number of global players who are competing and surviving based on their innovative capabilities and strategic partnerships. Some established companies in this market include Qualcomm, Ericsson, Fujitsu, Cisco, and Sumitomo Electric, all of which are rapidly investing in product development intending to meet the industry demand for radar technology in growth-oriented areas like automotive, telecommunication, and defense industries.

    These companies also collaborate with government entities to drive technological advancements, reinforcing their market positions. For example, in January 2024, Suzhou-based Milliverse closed a Pre-A funding round led by Xinke Capital, raising significant funds to advance its 4D millimeter wave radar technology. This funding is expected to facilitate the development of high-resolution radar chips aimed at enhancing autonomous driving capabilities. Increased competition and investments in 4D radar imaging in China and other regions demonstrate the potential for growth in this market, along with current efforts by key leading players to maintain superiority in radar technology.

    Here are some leading companies in the millimeter wave radar market:

    • Novelic
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Infineon Technologies AG
    • NXPSemiconductors
    • Minew Group
    • Texas Instruments Incorporated
    • Fujitsu
    • D3
    • Asahi Kasei Microdevices Corporation
    • Mistral Solutions Pvt. Ltd
    • DALIAN IFLABEL TECHNOLOGY CO., LTD.

In the News

  • In July 2024, Fujitsu Limited in partnership with Aeon Mall Co. Ltd., launched a pilot project using AI-powered millimeter-wave radar at Aeon Mall Ota. The system monitors incidents such as falls, misuse, and prolonged occupancy of inaccessible restrooms, enhancing safety and facility management.
  • In February 2024, Infineon, FINGGAL LINK, and NEXTY Electronics announced a collaboration to develop an elderly safety monitoring system using 60 GHz millimeter-wave radar. This system enables non-contact monitoring of crucial health metrics like presence, respiration, heart rate, sleep patterns, and urinary incontinence, even through clothing.
  • In January 2024, Texas Instruments introduced a new series of semiconductors to improve safety in the automotive sector. The AWR2544 77GHz mm-wave radar sensor chip supports advanced satellite radar systems, allowing for improved sensor fusion and decision-making in Advanced Driver Assistance Systems (ADAS).

Author Credits:   Abhishek Verma


  • Report ID: 6145
  • Published Date: Oct 21, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In 2024, the industry size of millimeter wave radar was USD 10.2 billion.

The global millimeter wave radar market size was USD 10.2 billion in 2024 and is predicted to reach USD 202.9 billion by the end of 2037, rising at a CAGR of 26.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of millimeter wave radar will be valued at USD 12.4 billion.

Key players in the market are Novelic, Infineon Technologies AG, NXPSemiconductors, Minew Group, Texas Instruments Incorporated, Fujitsu, D3, Asahi Kasei Microdevices Corporation, Mistral Solutions Pvt. Ltd, DALIAN IFLABEL TECHNOLOGY CO., LTD.

The 76/79GHz segment is projected to lead the millimeter wave radar market during the forecast period.

Asia Pacific is expected to provide expansion opportunities to the companies in the millimeter wave radar market during the forecast period.
Millimeter Wave Radar Market Report Scope
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