PUBLISHER: QYResearch | PRODUCT CODE: 1858756
PUBLISHER: QYResearch | PRODUCT CODE: 1858756
The global market for 60GHz mmWave Radar was estimated to be worth US$ 7.72 million in 2024 and is forecast to a readjusted size of US$ 22.81 million by 2031 with a CAGR of 16.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on 60GHz mmWave Radar cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
60GHz millimeter-wave radar is a sensor that utilizes millimeter waves in the 60GHz frequency band for target detection and identification. It transmits millimeter-wave signals and receives reflected echoes from targets to obtain information such as distance, velocity, and angle. With its high-precision ranging and angular resolution, this radar enables accurate detection and tracking of objects.
In 2024, global millimeter-wave radar production capacity reached 1.4 million units, with global sales totaling 1.172 million units. The average selling price stood at $6.59 per unit, achieving an average gross margin of 48.56%.
Development Trends
Technical Performance Enhancement: 60GHz millimeter-wave radar will further improve its anti-interference capabilities and data processing capacity to meet the demands of more complex application scenarios. In the field of autonomous driving, this technology will evolve toward higher precision and greater detection ranges, supporting the realization of higher levels of autonomous driving functionality.
Expanded Application Domains: Beyond existing primary applications, 60GHz millimeter-wave radar will explore new application spaces in IoT and medical device monitoring, such as monitoring human vital signs in medical equipment.
Upstream and Downstream Impacts
Upstream Impact: The upstream segment of the 60GHz millimeter-wave radar supply chain includes critical components such as antennas, MMIC chips, and PCB boards. Currently, foreign manufacturers dominate the supply of core upstream components, with domestic substitution still in its ramp-up phase. The technological sophistication and supply stability of these core components directly influence the performance and cost of 60GHz millimeter-wave radar systems.
Downstream Impact: The downstream market primarily consists of OEMs and ADAS solution integrators. The scale of demand and performance requirements for 60GHz millimeter-wave radar from these downstream players determine the production and R&D focus of midstream supply chain enterprises. With the rapid development of downstream sectors like autonomous driving and smart homes, demand for 60GHz millimeter-wave radar will continue to grow, driving the advancement of the entire supply chain.
This report aims to provide a comprehensive presentation of the global market for 60GHz mmWave Radar, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of 60GHz mmWave Radar by region & country, by Type, and by Application.
The 60GHz mmWave Radar market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 60GHz mmWave Radar.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of 60GHz mmWave Radar manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of 60GHz mmWave Radar in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of 60GHz mmWave Radar in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.