The Market Reports

Synopsis
The global market for Millimeter-wave Radar Technology was estimated to be worth US$ 15722 million in 2024 and is forecast to a readjusted size of US$ 40358 million by 2031 with a CAGR of 14.6% during the forecast period 2025-2031.
Millimeter-wave radar technology uses the unique properties of high-frequency radio waves to provide advanced sensing and communication capabilities. Its applications range from automotive safety, aviation, healthcare and transportation infrastructure. Millimeter-wave radar plays a vital role in modern technological advancements, especially in areas such as autonomous vehicles and transportation.
The millimeter - wave radar market holds significant potential across diverse applications, driven by its unique capabilities and technological advancements. In the automotive sector, millimeter - wave radar is pivotal for advanced driver - assistance systems (ADAS) and autonomous driving. It enables functions like adaptive cruise control, detecting the distance and speed of vehicles ahead to adjust the car's speed automatically. Blind - spot monitoring also relies on it, alerting drivers when there are vehicles in hard - to - see areas. With the global push towards self - driving cars, the demand for high - precision millimeter - wave radar in automotive applications is set to surge, as it can operate effectively in various weather conditions, unlike cameras that may be hindered by rain, fog, or darkness.​
In the industrial automation field, millimeter - wave radar has found its niche. For example, in smart factories, it can be used for object detection and positioning in automated guided vehicle (AGV) systems. AGVs equipped with millimeter - wave radar can accurately navigate through the factory floor, avoiding collisions with obstacles and other vehicles. In logistics warehouses, the radar helps in inventory management by detecting the presence and location of goods on shelves, optimizing storage space utilization. As industries strive for higher efficiency and automation, the need for reliable millimeter - wave radar solutions in these applications will grow substantially.​
The healthcare industry also presents promising opportunities. Millimeter - wave radar can be used for non - contact monitoring of patients' vital signs. Installed in hospital rooms or at home for remote patient monitoring, it can detect heart rate and respiration rates without the need for direct contact with the patient, which is especially beneficial for long - term monitoring and in situations where traditional contact sensors may be inconvenient or uncomfortable for patients. Additionally, in medical imaging research, millimeter - wave radar shows potential for applications such as breast cancer screening, where its high - resolution capabilities could help in early detection.​
In the security and surveillance domain, millimeter - wave radar is valuable. In airports, it can be used for perimeter security, detecting intruders even in low - light or adverse weather conditions. In high - security facilities, it complements traditional surveillance cameras by providing an additional layer of security through its ability to detect movement and the presence of objects behind obstacles. As security concerns continue to rise globally, the demand for advanced security solutions like millimeter - wave radar will increase.​
Moreover, in the emerging field of the Internet of Things (IoT), millimeter - wave radar can enhance the capabilities of smart devices. For instance, in smart homes, it can be integrated into smart speakers or security systems to detect human presence, enabling functions such as automatic lighting control or home security alerts. In smart cities, millimeter - wave radar can be used in traffic management systems, providing real - time data on vehicle flow and congestion, leading to more efficient traffic control. With the continuous expansion of IoT applications, millimeter - wave radar will play an increasingly important role in enabling seamless and intelligent interactions within these ecosystems.​
In conclusion, with its versatility and growing applicability across multiple industries, the millimeter - wave radar market is on the cusp of significant growth, presenting numerous opportunities for manufacturers and innovators to develop and expand their product offerings.
This report aims to provide a comprehensive presentation of the global market for Millimeter-wave Radar Technology, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Millimeter-wave Radar Technology by region & country, by Type, and by Application.
The Millimeter-wave Radar Technology market size, estimations, and forecasts are provided in terms of 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 Millimeter-wave Radar Technology.
Market Segmentation
By Company
Bosch
Continental
Denso
Hella
Aptiv
Hitachi
Huawei
Nidec
Murata
WHST Co., Ltd
Muniu
Insightica
Halma
Smart Radar System Inc
Beijing Tsingray
Acconeer
Valeo
ZF
Veoneer
Zhipu Tech
Dahua Technology
Desay SV
SunEye Tech
Dianmu Tech
Segment by Type
77 GHz
24 GHz
60 GHz
Others
Segment by Application
Automotive
Transport Monitoring
Industrial and Manufacturing
Smart Building
Medical
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. 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 Millimeter-wave Radar Technology company competitive landscape, 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: Revenue of Millimeter-wave Radar Technology 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: Revenue of Millimeter-wave Radar Technology 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 revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index