60GHz mmWave Radar - Global Industry Market Analysis Report 2020-2031

60GHz millimeter wave radar is a radar system based on millimeter wave technology and working in the 60GHz frequency band. The radar system determines the distance, speed, angle and other information of the object by emitting electromagnetic signals and capturing the echo reflected by the object. Compared with the common 24GHz millimeter wave radar, the 60GHz millimeter wave radar has a higher bandwidth, which can reach about 4GHz, which makes it perform better in terms of distance resolution, ranging accuracy, speed resolution and accuracy. At the same time, the wavelength of 60GHz millimeter wave is shorter, which can achieve narrower beams and higher gain antennas, which can effectively detect small targets and has strong anti-interference ability and high security. However, the signal in the 60GHz frequency band attenuates greatly when propagating in the atmosphere, which is not suitable for long-distance communication and is generally suitable for short-distance detection scenarios. In addition, the development and manufacturing of this technology involves advanced materials, components and complex fabrication processes, resulting in high costs. Moreover, the 60GHz frequency band is subject to specific regulatory requirements and spectrum allocation restrictions, and the regulations vary from region to region, which brings certain challenges to manufacturers and developers.

In the automotive field, 60GHz millimeter-wave radar can be used in advanced driver assistance systems (ADAS) and autonomous driving to achieve precise target detection and tracking, improve driving safety and automation. In the consumer electronics field, it can be integrated into smartphones, wearable devices and smart home systems to achieve functions such as high-resolution imaging and gesture recognition, and enhance user interaction experience. In industrial automation, it can be used for object detection, collision avoidance, and monitoring of equipment and processes. In addition, there are potential applications in the healthcare field, such as contactless vital sign monitoring.

From the perspective of market industry prospects, the global 60GHz millimeter-wave radar market value is approximately US$1.2 billion in 2023, and is expected to reach approximately US$3.5 billion by 2032, with a compound annual growth rate of 12.6% from 2024 to 2032. The increasing demand for advanced sensing technology in various industries has driven the growth of the 60GHz millimeter-wave radar market. The development of the automotive industry towards a higher level of automation has increased the demand for high-precision radar systems. The continuous pursuit of innovative user experience in the consumer electronics field and the rapid development of the smart home market have created a broad market space for 60GHz millimeter-wave radar. At the same time, the advancement of industrial automation and intelligent manufacturing has also prompted companies to adopt more advanced sensing technologies to improve production efficiency and quality. Emerging fields such as healthcare and smart cities provide new growth opportunities for 60GHz millimeter wave radars, such as medical monitoring and urban traffic management. However, the market also faces some challenges, such as high costs that limit its application in some price-sensitive fields, the complexity of spectrum management and regulatory requirements that also bring certain troubles to companies, and the difficulty of integration with existing systems.

In the future, with the continuous advancement of technology, 60GHz millimeter wave radar is expected to be widely used in more fields. In the field of intelligent transportation, it helps to achieve safer and more efficient autonomous driving and intelligent transportation systems. In smart homes, it provides more accurate human perception and environmental monitoring services to create a more intelligent, convenient and comfortable home environment. In the field of healthcare, more innovative applications may be developed, such as remote medical monitoring, intelligent rehabilitation, etc., to provide better support for people's health management. At the same time, with the reduction of costs and the maturity of technology, 60GHz millimeter wave radar is expected to achieve wider market penetration, promote the rapid development of related industries, and bring more convenience and innovation to people's lives and social development.

Report Scope

This report aims to deliver a thorough analysis of the global market for 60GHz mmWave Radar, offering both quantitative and qualitative insights to assist readers in formulating business growth strategies, evaluating the competitive landscape, understanding their current market position, and making well-informed decisions regarding 60GHz mmWave Radar.

The report is enriched with qualitative evaluations, including market drivers, challenges, Porter’s Five Forces, regulatory frameworks, consumer preferences, and ESG (Environmental, Social, and Governance) factors.

The report provides detailed classification of 60GHz mmWave Radar, such as type, etc.; detailed examples of 60GHz mmWave Radar applications, such as application one, etc., and provides comprehensive historical (2020-2025) and forecast (2026-2031) market size data.

The report provides detailed classification of 60GHz mmWave Radar, such as 2D, 3D, etc.; detailed examples of 60GHz mmWave Radar applications, such as Consumer Electronics, Internet of Things & Smart Cities, Industrial & Agriculture, Automotive, Others, etc., and provides comprehensive historical (2020-2025) and forecast (2026-2031) market size data.

The report covers key global regions—North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa—providing granular, country-specific insights for major markets such as the United States, China, Germany, and Brazil.

The report deeply explores the competitive landscape of 60GHz mmWave Radar products, details the sales, revenue, and regional layout of some of the world's leading manufacturers, and provides in-depth company profiles and contact details.

The report contains a comprehensive industry chain analysis covering raw materials, downstream customers and sales channels.

Core Chapters

Chapter One: Introduces the study scope of this report, market status, market drivers, challenges, porters five forces analysis, regulatory policy, consumer preference, market attractiveness and ESG analysis.
Chapter Two: 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 Three: 60GHz mmWave Radar market sales and revenue in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter Four: 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 Five: Detailed analysis of 60GHz mmWave Radar manufacturers competitive landscape, price, sales, revenue, market share, footprint, merger, and acquisition information, etc.
Chapter Six: Provides profiles of leading manufacturers, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction.
Chapter Seven: Analysis of industrial chain, key raw materials, customers and sales channel.
Chapter Eight: Key Takeaways and Final Conclusions
Chapter Nine: Methodology and Sources.