mmWave Radar Market, By Frequency Band:(79 GHz, 77 GHz, 24 GHz, and Others), By Application (Automotive Safety Systems, Drones & Robotics, Industrial Automation, Smart Infrastructure, and Others), By Geography (North America, Latin America, Europe, Asia P

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

• 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