Press release
Automotive 60GHz mmWave Radar Research：the global Automotive 60GHz mmWave Radar market size is projected to reach USD 26.79 million by 2030
The global Automotive 60GHz mmWave Radar market is projected to grow from US$ 9 million in 2024 to US$ 56 million by 2030, at a Compound Annual Growth Rate (CAGR) of 35.6% during the forecast period.
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Automotive 60GHz mmWave Radar Market Summary
According to the new market research report "Global Automotive 60GHz mmWave Radar Market Report 2024-2030", published by QYResearch, the global Automotive 60GHz mmWave Radar market size is projected to reach USD 26.79 million by 2030, at a CAGR of 8.9% during the forecast period.
Global Automotive 60GHz mmWave Radar MarketSize(US$ Million), 2019-2030
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Based on or includes research from QYResearch: Global Automotive 60GHz mmWave Radar Market Report 2024-2030.
Market Drivers:
Due to the increasing maturity of 60GHz radar chip technology, the cost of 60GHz millimeter-wave radar is constantly decreasing, and it can be further reduced in the future.
Steady growth in downstream application market demand and expansion of new application areas.
Growing demand in emerging economies.
Restraint:
Several manufacturers monopolize the market, making it difficult for new entrants to gain market share.
High technical threshold and large R&D investment.
Global geopolitical conflicts continue, trade frictions intensify, regional economic uncertainty intensifies, and exchange rate fluctuations are significant, increasing business risks for enterprises.
Opportunity:
From 2025 onward, classification will be mandatory to achieve the highest safety star rating. A child or baby alone in a car must be detected within 10 seconds based on FCC regulations. A warning must then be issued to remind the vehicle user of the child and the associated health risk, or even make outsiders aware of the child. Car manufacturers will be able to make their cars safer and achieve a five-star NCAP rating by utilizing a CPD system. 60GHz radar sensor is the ideal technology for Child Presence Detection (CPD) delivery.
Global Automotive 60GHz mmWave Radar Top5Players Ranking and Market Share（Continually updated）
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Based on or includes research from QYResearch: Global Automotive 60GHz mmWave Radar Market Report 2024-2030.
According to QYResearch Top Players Research Center, the global key manufacturers of Automotive 60GHz mmWave Radar include Infineon, Texas Instruments, etc. In 2023, the global top three players had a share approximately 65.0% in terms of revenue.
Automotive 60GHz mmWave Radar,Global Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Global Automotive 60GHz mmWave Radar Market Report 2024-2030.
In terms of product type, currently 2D Sensing is the largest segment, hold a share of 65.4%.
In terms of product application, currently Automobile is the largest segment, hold a share of 79.0%.
The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.
The Automotive 60GHz mmWave Radar market is segmented as below:
By Company
Infineon
Texas Instruments
Acconeer
Socionext
Calterah
Segment by Type
2D Sensing
3D Sensing
Segment by Application
Passenger Car
Commercial Car
Each chapter of the report provides detailed information for readers to further understand the Automotive 60GHz mmWave Radar market:
Chapter 1: Introduces the report scope of the Automotive 60GHz mmWave Radar report, global total market size (valve, 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. (2020-2031)
Chapter 2: Detailed analysis of Automotive 60GHz mmWave Radar manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Automotive 60GHz mmWave Radar 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. (2020-2031)
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.(2020-2031)
Chapter 5: Sales, revenue of Automotive 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..(2020-2031)
Chapter 6: Sales, revenue of Automotive 60GHz mmWave Radar in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
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. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Benefits of purchasing QYResearch report:
Competitive Analysis: QYResearch provides in-depth Automotive 60GHz mmWave Radar competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.
Industry Analysis: QYResearch provides Automotive 60GHz mmWave Radar comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.
and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.
Market Size: QYResearch provides Automotive 60GHz mmWave Radar market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.
Other relevant reports of QYResearch:
Global Automotive 60GHz mmWave Radar Market Research Report 2024
Global Automotive 60GHz mmWave Radar Market Insights, Forecast to 2029
Global Automotive 60GHz mmWave Radar Market Research Report 2023
Global and India Automotive 60GHz mmWave Radar Market Report & Forecast 2023-2029
Global Automotive 60GHz mmWave Radar Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application
About Us：
QYResearch founded in California, USA in 2007, which is a leading global market research and consulting company. Our primary business include market research reports, custom reports, commissioned research, IPO consultancy, business plans, etc. With over 18 years of experience and a dedicated research team, we are well placed to provide useful information and data for your business, and we have established offices in 7 countries (include United States, Germany, Switzerland, Japan, Korea, China and India) and business partners in over 30 countries. We have provided industrial information services to more than 60,000 companies in over the world.
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EN: https://www.qyresearch.com
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