mmWave Radar Market, By Frequency Band:, By Application, By Geography

Description

Global mmWave Radar Market is estimated to be valued at USD 4.62 Bn in 2025 and is expected to reach USD 18.16 Bn by 2032, growing at a compound annual growth rate (CAGR) of 21.6% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 4.62 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	21.60%	2032 Value Projection:	USD 18.16 Bn

Millimeter-wave (mmWave) radar systems operate in the high-frequency range between 30 GHz and 300 GHz, offering precision and a compact size. This has made these radars suited for many different applications, which include automotive safety, autonomous driving, industrial automation, etc.

Market Dynamics

The automotive sector is seeing an increased emphasis on safety and automation from the customers. The rising demand for advanced driver assistance systems (ADAS) and autonomous vehicles has catalyzed the integration of mmWave radar technology, enabling precise object detection, collision avoidance, and navigational capabilities. Moreover, the growing need for efficient and non-intrusive security solutions in public spaces, border control, and critical infrastructure has further propelled the market growth. On the other hand, mmWave radar systems can cost a lot, making it difficult for small players to afford them. And the complex regulatory landscape governing frequency spectrum allocation also poses potential restraints to market expansion. Despite these challenges, the mmWave radar market presents a wealth of opportunities, driven by the increasing adoption of Industry 4.0 principles, the proliferation of smart cities, and the burgeoning demand for contactless sensing solutions in healthcare and retail sectors.

Key Features of the Study

This report provides in-depth analysis of the global mmWave radar market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global mmWave radar market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Texas Instruments, Infineon Technologies, Robert Bosch GmbH, Continental AG, Denso Corporation, Analog Devices, Inc., NXP Semiconductors, STMicroelectronics, Valeo SA, Autoliv, Aptiv, Hella GmbH, Renesas Electronics, Hensoldt AG, and Keysight Technologies
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global mmWave radar market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mmWave radar market

Market Segmentation

Frequency Band Insights (Revenue, USD Bn, 2020 - 2032)
- 79 GHz
- 77 GHz
- 24 GHz
- Others
Application Insights (Revenue, USD Bn, 2020 - 2032)
- Automotive Safety Systems
- Drones & Robotics
- Industrial Automation
- Smart Infrastructure
- Others
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Texas Instruments
- Infineon Technologies
- Robert Bosch GmbH
- Continental AG
- Denso Corporation
- Analog Devices, Inc.
- NXP Semiconductors
- STMicroelectronics
- Valeo SA
- Autoliv
- Aptiv
- Hella GmbH
- Renesas Electronics
- Hensoldt AG
- Keysight Technologies

Product Code: CMI7992

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global mmWave Radar Market, By Frequency Band
- Global mmWave Radar Market, By Application
- Global mmWave Radar Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global mmWave Radar Market, By Frequency Band, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
79 GHz
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
77 GHz
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
24 GHz
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global mmWave Radar Market, By Application, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Automotive Safety Systems
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Drones & Robotics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Industrial Automation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Smart Infrastructure
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global mmWave Radar Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Frequency Band, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Frequency Band, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Frequency Band, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Frequency Band, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Frequency Band, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Frequency Band, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

Texas Instruments
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Infineon Technologies
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Robert Bosch GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Continental AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Denso Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Analog Devices, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
NXP Semiconductors
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
STMicroelectronics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Valeo SA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Autoliv
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Aptiv
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hella GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Renesas Electronics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hensoldt AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Keysight Technologies
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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