Press release
60GHz mmWave Radar Market to Reach $420 Million by 2031, Expanding at a 38.3% CAGR (2025-2031)
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Key Market Drivers
1. Automotive Safety Systems
The growing adoption of Advanced Driver-Assistance Systems (ADAS) and autonomous vehicle technologies is fueling the demand for 60GHz mmWave radar. These radars enhance safety features such as collision avoidance, blind spot detection, and parking assistance, contributing to the expansion of smart mobility solutions.
2. Industrial Automation
In manufacturing and logistics, 60GHz mmWave radar plays a crucial role in object detection, distance measurement, and process monitoring. The ability to operate efficiently in harsh environments makes it a preferred choice for industrial automation and robotics.
3. Security and Surveillance
The high resolution and accuracy of 60GHz mmWave radar enable intrusion detection, perimeter monitoring, and crowd tracking, making it an essential component in modern security and surveillance systems.
4. Healthcare and Medical Imaging
This technology is finding applications in vital signs monitoring, non-invasive diagnostics, and patient tracking, enhancing medical imaging and remote healthcare solutions.
5. Smart Homes and IoT
With the rise of smart home devices and IoT applications, 60GHz mmWave radar is increasingly used for gesture recognition, occupancy sensing, and energy efficiency monitoring, revolutionizing home automation and consumer electronics.
Market Challenges
1. Cost and Complexity: The high cost of components and system integration poses challenges for widespread adoption, especially in cost-sensitive markets.
2. Regulatory and Spectrum Constraints: Compliance with frequency regulations and spectrum availability impact market expansion across different regions.
3. Environmental Limitations: Signal attenuation due to weather conditions and physical obstacles necessitates advanced signal processing techniques for enhanced reliability.
4. Integration and Interoperability: Ensuring seamless compatibility with existing infrastructure and communication protocols remains a challenge.
5. Privacy and Security Concerns: The data collected by mmWave sensors requires strict adherence to privacy and cybersecurity regulations.
Market Segmentation
By Product Type:
2D (Largest segment, 65.1% share)
3D
By Application:
Building Automation (50.8% share)
Consumer Electronics
Industrial & Agriculture
Automotive
Others
Competitive Landscape
Leading players in the market include Infineon, Texas Instruments, Acconeer, Socionext, and Calterah, with the top three accounting for 76% of global revenue in 2023. These companies are heavily investing in R&D, miniaturization, and AI-driven enhancements to improve radar efficiency and expand use cases.
Future Outlook
As industries continue to embrace automation, smart technology, and advanced sensing solutions, the 60GHz mmWave radar market is poised for exponential growth. Innovations in AI integration, cost optimization, and regulatory advancements will further drive its adoption across industries.
For businesses looking to capitalize on emerging trends, staying ahead in technology development and strategic partnerships will be crucial for market leadership.
Conclusion
The 60GHz mmWave radar market is at the forefront of technological evolution, revolutionizing industries with its high-precision sensing capabilities. As global demand continues to rise, stakeholders must navigate challenges while leveraging innovation to unlock the full potential of this transformative technology.
For in-depth insights, market analysis, and forecasts, explore QYResearch's latest report on the Global 60GHz mmWave Radar Market: https://www.qyresearch.in/report-details/6951302/Global-60GHz-mmWave-Radar-Market
Table of Contents
1 60GHz mmWave Radar Market Overview
1.1 Product Definition
1.2 60GHz mmWave Radar by Type
1.2.1 Global 60GHz mmWave Radar Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 2D
1.2.3 3D
1.3 60GHz mmWave Radar by Application
1.3.1 Global 60GHz mmWave Radar Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Consumer Electronics
1.3.3 Internet of Things & Smart Cities
1.3.4 Industrial & Agriculture
1.3.5 Automotive
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global 60GHz mmWave Radar Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global 60GHz mmWave Radar Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global 60GHz mmWave Radar Production Estimates and Forecasts (2020-2031)
1.4.4 Global 60GHz mmWave Radar Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global 60GHz mmWave Radar Production Market Share by Manufacturers (2020-2025)
2.2 Global 60GHz mmWave Radar Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of 60GHz mmWave Radar, Industry Ranking, 2023 VS 2024
2.4 Global 60GHz mmWave Radar Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global 60GHz mmWave Radar Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of 60GHz mmWave Radar, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of 60GHz mmWave Radar, Product Offered and Application
2.8 Global Key Manufacturers of 60GHz mmWave Radar, Date of Enter into This Industry
2.9 60GHz mmWave Radar Market Competitive Situation and Trends
2.9.1 60GHz mmWave Radar Market Concentration Rate
2.9.2 Global 5 and 10 Largest 60GHz mmWave Radar Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 60GHz mmWave Radar Production by Region
3.1 Global 60GHz mmWave Radar Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global 60GHz mmWave Radar Production Value by Region (2020-2031)
3.2.1 Global 60GHz mmWave Radar Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of 60GHz mmWave Radar by Region (2026-2031)
3.3 Global 60GHz mmWave Radar Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global 60GHz mmWave Radar Production Volume by Region (2020-2031)
3.4.1 Global 60GHz mmWave Radar Production by Region (2020-2025)
3.4.2 Global Forecasted Production of 60GHz mmWave Radar by Region (2026-2031)
3.5 Global 60GHz mmWave Radar Market Price Analysis by Region (2020-2025)
3.6 Global 60GHz mmWave Radar Production and Value, Year-over-Year Growth
3.6.1 North America 60GHz mmWave Radar Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe 60GHz mmWave Radar Production Value Estimates and Forecasts (2020-2031)
3.6.3 China 60GHz mmWave Radar Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan 60GHz mmWave Radar Production Value Estimates and Forecasts (2020-2031)
3.6.5 South Korea 60GHz mmWave Radar Production Value Estimates and Forecasts (2020-2031)
4 60GHz mmWave Radar Consumption by Region
4.1 Global 60GHz mmWave Radar Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global 60GHz mmWave Radar Consumption by Region (2020-2031)
4.2.1 Global 60GHz mmWave Radar Consumption by Region (2020-2025)
4.2.2 Global 60GHz mmWave Radar Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America 60GHz mmWave Radar Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America 60GHz mmWave Radar Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe 60GHz mmWave Radar Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe 60GHz mmWave Radar Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific 60GHz mmWave Radar Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific 60GHz mmWave Radar Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa 60GHz mmWave Radar Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa 60GHz mmWave Radar Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Israel
5 Segment by Type
5.1 Global 60GHz mmWave Radar Production by Type (2020-2031)
5.1.1 Global 60GHz mmWave Radar Production by Type (2020-2025)
5.1.2 Global 60GHz mmWave Radar Production by Type (2026-2031)
5.1.3 Global 60GHz mmWave Radar Production Market Share by Type (2020-2031)
5.2 Global 60GHz mmWave Radar Production Value by Type (2020-2031)
5.2.1 Global 60GHz mmWave Radar Production Value by Type (2020-2025)
5.2.2 Global 60GHz mmWave Radar Production Value by Type (2026-2031)
5.2.3 Global 60GHz mmWave Radar Production Value Market Share by Type (2020-2031)
5.3 Global 60GHz mmWave Radar Price by Type (2020-2031)
6 Segment by Application
6.1 Global 60GHz mmWave Radar Production by Application (2020-2031)
6.1.1 Global 60GHz mmWave Radar Production by Application (2020-2025)
6.1.2 Global 60GHz mmWave Radar Production by Application (2026-2031)
6.1.3 Global 60GHz mmWave Radar Production Market Share by Application (2020-2031)
6.2 Global 60GHz mmWave Radar Production Value by Application (2020-2031)
6.2.1 Global 60GHz mmWave Radar Production Value by Application (2020-2025)
6.2.2 Global 60GHz mmWave Radar Production Value by Application (2026-2031)
6.2.3 Global 60GHz mmWave Radar Production Value Market Share by Application (2020-2031)
6.3 Global 60GHz mmWave Radar Price by Application (2020-2031)
7 Key Companies Profiled
7.1 Infineon
7.1.1 Infineon 60GHz mmWave Radar Company Information
7.1.2 Infineon 60GHz mmWave Radar Product Portfolio
7.1.3 Infineon 60GHz mmWave Radar Production, Value, Price and Gross Margin (2020-2025)
7.1.4 Infineon Main Business and Markets Served
7.1.5 Infineon Recent Developments/Updates
7.2 Texas Instruments
7.2.1 Texas Instruments 60GHz mmWave Radar Company Information
7.2.2 Texas Instruments 60GHz mmWave Radar Product Portfolio
7.2.3 Texas Instruments 60GHz mmWave Radar Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Texas Instruments Main Business and Markets Served
7.2.5 Texas Instruments Recent Developments/Updates
7.3 Acconeer
7.3.1 Acconeer 60GHz mmWave Radar Company Information
7.3.2 Acconeer 60GHz mmWave Radar Product Portfolio
7.3.3 Acconeer 60GHz mmWave Radar Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Acconeer Main Business and Markets Served
7.3.5 Acconeer Recent Developments/Updates
7.4 Socionext
7.4.1 Socionext 60GHz mmWave Radar Company Information
7.4.2 Socionext 60GHz mmWave Radar Product Portfolio
7.4.3 Socionext 60GHz mmWave Radar Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Socionext Main Business and Markets Served
7.4.5 Socionext Recent Developments/Updates
7.5 Calterah
7.5.1 Calterah 60GHz mmWave Radar Company Information
7.5.2 Calterah 60GHz mmWave Radar Product Portfolio
7.5.3 Calterah 60GHz mmWave Radar Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Calterah Main Business and Markets Served
7.5.5 Calterah Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 60GHz mmWave Radar Industry Chain Analysis
8.2 60GHz mmWave Radar Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 60GHz mmWave Radar Production Mode & Process Analysis
8.4 60GHz mmWave Radar Sales and Marketing
8.4.1 60GHz mmWave Radar Sales Channels
8.4.2 60GHz mmWave Radar Distributors
8.5 60GHz mmWave Radar Customer Analysis
9 60GHz mmWave Radar Market Dynamics
9.1 60GHz mmWave Radar Industry Trends
9.2 60GHz mmWave Radar Market Drivers
9.3 60GHz mmWave Radar Market Challenges
9.4 60GHz mmWave Radar Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
About QY Research:
Founded in California, USA, in 2007, QY Research is a globally recognized market research and consulting firm with over 18 years of expertise. With professional teams located in key cities worldwide, we specialize in management consulting, database services, IPO consulting, industry chain analysis, and tailored research solutions. Trusted by over 60,000 clients across five continents, our research and insights are frequently cited in prospectuses, annual reports, and industry presentations. We are committed to delivering data-driven intelligence, innovative strategies, and actionable insights to help businesses make informed decisions.
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