Press release
Automotive Millimeter Wave Radar Industry Set for Rapid Expansion, Reaching USD 41.15 Billion by 2030
According to QYResearch Top Players Research Center, the global key manufacturers of Automotive Millimeter Wave Radar include Bosch, Continental, Denso, Hella, Veoneer, Valeo, Aptiv, ZF, WHST, Hitachi Astemo, etc. In 2024, the global top five players had a share approximately 69.0% in terms of revenue.
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In terms of product types, automotive millimeter-wave radars mainly include front radars and corner radars. By 2024, the market size of radar types will account for 59.0%. In the next few years, with the popularization of multi-radar layout, corner radars will gradually achieve enhanced functions and improved coverage, and their penetration in economy models will accelerate; at the same time, door radars will develop in the direction of high frequency, miniaturization and multi-function, becoming an important part of smart driving and smart cockpits.
In terms of product application, currently Adaptive Cruise Control System is the largest segment, hold a share of 54.9%. The demand for adaptive cruise control systems (ACC), blind spot monitoring systems (BSM), and other advanced driver assistance systems (ADAS) is rising sharply. As the core sensor of these systems, the market demand for millimeter-wave radar is expanding. Especially in high-end cars and the upcoming mid- and low-end models, millimeter-wave radar will gradually become standard, promoting the popularization of autonomous driving and intelligent safety functions.
In addition, as the world's attention to automobile safety continues to increase, radar systems are not only limited to adaptive cruise and blind spot monitoring, but also extended to automatic parking assistance, collision avoidance systems and more areas. In the future, millimeter-wave radar will be deeply integrated with other sensor technologies (such as cameras, lidar, ultrasonic sensors) to achieve more accurate and intelligent vehicle environment perception, paving the way for the further development of autonomous driving and intelligent transportation systems.
Market Drivers:
Rising Demand for Advanced Driver Assistance Systems (ADAS): The increasing adoption of ADAS features like adaptive cruise control, automatic emergency braking, and lane-keeping assistance is one of the primary drivers of the millimeter wave radar market. These systems require high-performance radar sensors to provide accurate and reliable data for real-time decision-making.
Growth of Autonomous Vehicles: The push toward fully autonomous vehicles, which rely heavily on radar, LiDAR, and cameras for 360-degree sensing, is fueling the demand for automotive millimeter wave radar. Radar technology plays a key role in detecting objects at long ranges, which is essential for autonomous driving systems to make real-time decisions.
Increased Consumer Demand for Vehicle Safety Features: Consumers are increasingly demanding vehicles equipped with advanced safety features. As a result, automakers are integrating more radar sensors in their vehicles to meet consumer expectations for enhanced safety and driver assistance.
Restraint:
High Cost of Radar Systems: Despite decreasing prices, automotive millimeter wave radar systems are still relatively expensive compared to other sensor technologies. This can be a barrier for manufacturers, especially in the low- and mid-range vehicle segments, where cost is a critical factor.
Limited Range in Adverse Conditions: Millimeter wave radar systems, while effective under many conditions, may face limitations in adverse weather conditions such as heavy rain, snow, or fog. These conditions can reduce the radar's ability to detect objects accurately, which can affect the overall safety performance of the vehicle.
Opportunity:
Integration with V2X Communication: The development of Vehicle-to-Everything (V2X) communication systems, which enable vehicles to communicate with each other and with infrastructure, presents an opportunity for radar technology to play a key role in enhancing situational awareness and safety, especially in dense urban environments.
Improved Radar Performance: Advances in radar technology, such as higher resolution and better object classification capabilities, will improve the performance of millimeter wave radar systems. This will open up new applications, including improved sensor fusion, more accurate detection in challenging environments, and enhanced obstacle detection for low-speed autonomous driving.
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Table of Contents
1 Market Overview
1.1 Automotive Millimeter Wave Radar Product Introduction
1.2 Global Automotive Millimeter Wave Radar Market Size Forecast
1.2.1 Global Automotive Millimeter Wave Radar Sales Value (2020-2031)
1.2.2 Global Automotive Millimeter Wave Radar Sales Volume (2020-2031)
1.2.3 Global Automotive Millimeter Wave Radar Sales Price (2020-2031)
1.3 Automotive Millimeter Wave Radar Market Trends & Drivers
1.3.1 Automotive Millimeter Wave Radar Industry Trends
1.3.2 Automotive Millimeter Wave Radar Market Drivers & Opportunity
1.3.3 Automotive Millimeter Wave Radar Market Challenges
1.3.4 Automotive Millimeter Wave Radar Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Automotive Millimeter Wave Radar Players Revenue Ranking (2024)
2.2 Global Automotive Millimeter Wave Radar Revenue by Company (2020-2025)
2.3 Global Automotive Millimeter Wave Radar Players Sales Volume Ranking (2024)
2.4 Global Automotive Millimeter Wave Radar Sales Volume by Company Players (2020-2025)
2.5 Global Automotive Millimeter Wave Radar Average Price by Company (2020-2025)
2.6 Key Manufacturers Automotive Millimeter Wave Radar Manufacturing Base and Headquarters
2.7 Key Manufacturers Automotive Millimeter Wave Radar Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Automotive Millimeter Wave Radar
2.9 Automotive Millimeter Wave Radar Market Competitive Analysis
2.9.1 Automotive Millimeter Wave Radar Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Automotive Millimeter Wave Radar Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Automotive Millimeter Wave Radar as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 77 GHz
3.1.2 24 GHz
3.1.3 Others
3.2 Global Automotive Millimeter Wave Radar Sales Value by Type
3.2.1 Global Automotive Millimeter Wave Radar Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Automotive Millimeter Wave Radar Sales Value, by Type (2020-2031)
3.2.3 Global Automotive Millimeter Wave Radar Sales Value, by Type (%) (2020-2031)
3.3 Global Automotive Millimeter Wave Radar Sales Volume by Type
3.3.1 Global Automotive Millimeter Wave Radar Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Automotive Millimeter Wave Radar Sales Volume, by Type (2020-2031)
3.3.3 Global Automotive Millimeter Wave Radar Sales Volume, by Type (%) (2020-2031)
3.4 Global Automotive Millimeter Wave Radar Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Adaptive Cruise Control System
4.1.2 Blind Spot Detection
4.1.3 Others
4.2 Global Automotive Millimeter Wave Radar Sales Value by Application
4.2.1 Global Automotive Millimeter Wave Radar Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Automotive Millimeter Wave Radar Sales Value, by Application (2020-2031)
4.2.3 Global Automotive Millimeter Wave Radar Sales Value, by Application (%) (2020-2031)
4.3 Global Automotive Millimeter Wave Radar Sales Volume by Application
4.3.1 Global Automotive Millimeter Wave Radar Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Automotive Millimeter Wave Radar Sales Volume, by Application (2020-2031)
4.3.3 Global Automotive Millimeter Wave Radar Sales Volume, by Application (%) (2020-2031)
4.4 Global Automotive Millimeter Wave Radar Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Automotive Millimeter Wave Radar Sales Value by Region
5.1.1 Global Automotive Millimeter Wave Radar Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Automotive Millimeter Wave Radar Sales Value by Region (2020-2025)
5.1.3 Global Automotive Millimeter Wave Radar Sales Value by Region (2026-2031)
5.1.4 Global Automotive Millimeter Wave Radar Sales Value by Region (%), (2020-2031)
5.2 Global Automotive Millimeter Wave Radar Sales Volume by Region
5.2.1 Global Automotive Millimeter Wave Radar Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Automotive Millimeter Wave Radar Sales Volume by Region (2020-2025)
5.2.3 Global Automotive Millimeter Wave Radar Sales Volume by Region (2026-2031)
5.2.4 Global Automotive Millimeter Wave Radar Sales Volume by Region (%), (2020-2031)
5.3 Global Automotive Millimeter Wave Radar Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Automotive Millimeter Wave Radar Sales Value, 2020-2031
5.4.2 North America Automotive Millimeter Wave Radar Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Automotive Millimeter Wave Radar Sales Value, 2020-2031
5.5.2 Europe Automotive Millimeter Wave Radar Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Automotive Millimeter Wave Radar Sales Value, 2020-2031
5.6.2 Asia Pacific Automotive Millimeter Wave Radar Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Automotive Millimeter Wave Radar Sales Value, 2020-2031
5.7.2 South America Automotive Millimeter Wave Radar Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Automotive Millimeter Wave Radar Sales Value, 2020-2031
5.8.2 Middle East & Africa Automotive Millimeter Wave Radar Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Automotive Millimeter Wave Radar Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Automotive Millimeter Wave Radar Sales Value and Sales Volume
6.2.1 Key Countries/Regions Automotive Millimeter Wave Radar Sales Value, 2020-2031
6.2.2 Key Countries/Regions Automotive Millimeter Wave Radar Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Automotive Millimeter Wave Radar Sales Value, 2020-2031
6.3.2 United States Automotive Millimeter Wave Radar Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Automotive Millimeter Wave Radar Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Automotive Millimeter Wave Radar Sales Value, 2020-2031
6.4.2 Europe Automotive Millimeter Wave Radar Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Automotive Millimeter Wave Radar Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Automotive Millimeter Wave Radar Sales Value, 2020-2031
6.5.2 China Automotive Millimeter Wave Radar Sales Value by Type (%), 2024 VS 2031
6.5.3 China Automotive Millimeter Wave Radar Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Automotive Millimeter Wave Radar Sales Value, 2020-2031
6.6.2 Japan Automotive Millimeter Wave Radar Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Automotive Millimeter Wave Radar Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Automotive Millimeter Wave Radar Sales Value, 2020-2031
6.7.2 South Korea Automotive Millimeter Wave Radar Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Automotive Millimeter Wave Radar Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Automotive Millimeter Wave Radar Sales Value, 2020-2031
6.8.2 Southeast Asia Automotive Millimeter Wave Radar Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Automotive Millimeter Wave Radar Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Automotive Millimeter Wave Radar Sales Value, 2020-2031
6.9.2 India Automotive Millimeter Wave Radar Sales Value by Type (%), 2024 VS 2031
6.9.3 India Automotive Millimeter Wave Radar Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Bosch
7.1.1 Bosch Company Information
7.1.2 Bosch Introduction and Business Overview
7.1.3 Bosch Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Bosch Automotive Millimeter Wave Radar Product Offerings
7.1.5 Bosch Recent Development
7.2 Continental
7.2.1 Continental Company Information
7.2.2 Continental Introduction and Business Overview
7.2.3 Continental Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Continental Automotive Millimeter Wave Radar Product Offerings
7.2.5 Continental Recent Development
7.3 Denso
7.3.1 Denso Company Information
7.3.2 Denso Introduction and Business Overview
7.3.3 Denso Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 Denso Automotive Millimeter Wave Radar Product Offerings
7.3.5 Denso Recent Development
7.4 Hella
7.4.1 Hella Company Information
7.4.2 Hella Introduction and Business Overview
7.4.3 Hella Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Hella Automotive Millimeter Wave Radar Product Offerings
7.4.5 Hella Recent Development
7.5 Veoneer
7.5.1 Veoneer Company Information
7.5.2 Veoneer Introduction and Business Overview
7.5.3 Veoneer Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Veoneer Automotive Millimeter Wave Radar Product Offerings
7.5.5 Veoneer Recent Development
7.6 Valeo
7.6.1 Valeo Company Information
7.6.2 Valeo Introduction and Business Overview
7.6.3 Valeo Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Valeo Automotive Millimeter Wave Radar Product Offerings
7.6.5 Valeo Recent Development
7.7 Aptiv
7.7.1 Aptiv Company Information
7.7.2 Aptiv Introduction and Business Overview
7.7.3 Aptiv Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Aptiv Automotive Millimeter Wave Radar Product Offerings
7.7.5 Aptiv Recent Development
7.8 ZF
7.8.1 ZF Company Information
7.8.2 ZF Introduction and Business Overview
7.8.3 ZF Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 ZF Automotive Millimeter Wave Radar Product Offerings
7.8.5 ZF Recent Development
7.9 WHST
7.9.1 WHST Company Information
7.9.2 WHST Introduction and Business Overview
7.9.3 WHST Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 WHST Automotive Millimeter Wave Radar Product Offerings
7.9.5 WHST Recent Development
7.10 Hitachi Astemo
7.10.1 Hitachi Astemo Company Information
7.10.2 Hitachi Astemo Introduction and Business Overview
7.10.3 Hitachi Astemo Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Hitachi Astemo Automotive Millimeter Wave Radar Product Offerings
7.10.5 Hitachi Astemo Recent Development
7.11 Nidec Elesys
7.11.1 Nidec Elesys Company Information
7.11.2 Nidec Elesys Introduction and Business Overview
7.11.3 Nidec Elesys Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Nidec Elesys Automotive Millimeter Wave Radar Product Offerings
7.11.5 Nidec Elesys Recent Development
7.12 Cheng-Tech
7.12.1 Cheng-Tech Company Information
7.12.2 Cheng-Tech Introduction and Business Overview
7.12.3 Cheng-Tech Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Cheng-Tech Automotive Millimeter Wave Radar Product Offerings
7.12.5 Cheng-Tech Recent Development
7.13 Chuhang Tech
7.13.1 Chuhang Tech Company Information
7.13.2 Chuhang Tech Introduction and Business Overview
7.13.3 Chuhang Tech Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Chuhang Tech Automotive Millimeter Wave Radar Product Offerings
7.13.5 Chuhang Tech Recent Development
7.14 HUAYU Automotive Systems
7.14.1 HUAYU Automotive Systems Company Information
7.14.2 HUAYU Automotive Systems Introduction and Business Overview
7.14.3 HUAYU Automotive Systems Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 HUAYU Automotive Systems Automotive Millimeter Wave Radar Product Offerings
7.14.5 HUAYU Automotive Systems Recent Development
7.15 Desay SV
7.15.1 Desay SV Company Information
7.15.2 Desay SV Introduction and Business Overview
7.15.3 Desay SV Automotive Millimeter Wave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Desay SV Automotive Millimeter Wave Radar Product Offerings
7.15.5 Desay SV Recent Development
8 Industry Chain Analysis
8.1 Automotive Millimeter Wave Radar Industrial Chain
8.2 Automotive Millimeter Wave Radar Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Automotive Millimeter Wave Radar Sales Model
8.5.2 Sales Channel
8.5.3 Automotive Millimeter Wave Radar Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
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