Millimeter Wave Radar for Car Market Worth US$ 49.47 Billion by 2031 | CAGR 18.2%

Los Angeles, United States - QY Research has released a comprehensive new report titled "Global Millimeter Wave Radar for Car Market Insights, Forecast 2025 to 2031," offering an in-depth analysis of the evolving dynamics, growth opportunities, and future outlook of the global Millimeter Wave Radar for Car industry. The study highlights critical factors such as regulatory frameworks, technological advancements, pricing strategies, and market entry approaches that are shaping the sector.

The global Millimeter Wave Radar for Car market was valued at US$ 15.12 billion in 2024 and is anticipated to reach US$ 49.47 billion by 2031, witnessing a CAGR of 18.2% during the forecast period 2025-2031.

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Millimeter-wave radar is a radar sensor that uses an antenna to emit millimeter waves with a wavelength of 1-10mm and a frequency of 24-300GHz as radiated waves. Millimeter-wave radar obtains physical environmental information such as the relative distance, relative speed, angle and direction of movement between the car and other objects by processing the target reflection signal. Millimeter-wave radar can track and classify targets based on the detected object information. The electronic control unit (ECU) makes intelligent decisions based on the dynamic information of the vehicle body, and informs the driver through various sensing methods such as sound, light and touch, or directly performs automatic speed change and braking processing, thereby reducing the probability of driving accidents. It is mainly used for adaptive cruise control, collision avoidance, blind spot detection, lane change assistance, parking assistance, rear vehicle warning, pedestrian detection, etc., and has the advantage of stable detection of targets under adverse weather conditions such as rain and snow.

Featured Companies: -

Bosch
Continental
Denso
Hella
Veoneer
Valeo
Aptiv
ZF
WHST
Hitachi Astemo
Nidec Elesys
Cheng-Tech
Chuhang Tech
HUAYU Automotive Systems
Desay SV

Market Driven -

Automotive millimeter-wave radar is an essential sensor technology in modern vehicle intelligence systems, particularly in autonomous driving, Advanced Driver Assistance Systems (ADAS), and safety control systems. By emitting and receiving millimeter-wave signals, this radar can detect objects, obstacles, and pedestrians around the vehicle in real-time, providing precise information on distance, speed, and angle. Its advantages lie in its strong penetration capabilities, all-weather functionality, and high-precision positioning, making it one of the foundational technologies for future intelligent transportation and autonomous driving.

One of the primary advantages of automotive millimeter-wave radar is its strong penetration. Unlike LiDAR and cameras, millimeter-wave radar is not affected by weather conditions or lighting, allowing it to function in rain, fog, or low-light environments. This makes millimeter-wave radar highly reliable and stable in all-weather driving conditions, particularly in complex driving scenarios such as bad weather, intricate road networks, or dense urban areas. It provides continuous sensing capabilities to ensure driving safety.

In addition, millimeter-wave radar offers high precision and sensitivity, effectively detecting objects within a range of several hundred meters ahead of the vehicle and accurately tracking multiple objects. By integrating with other sensors like cameras and LiDAR, millimeter-wave radar enhances the environmental awareness of autonomous driving systems, improving decision-making and response time, thus enhancing the safety of autonomous driving or driver assistance systems.

Market Challenges -

However, automotive millimeter-wave radar faces some challenges and limitations. First, it has a relatively low resolution compared to other sensors, which may limit its ability to detect small objects or objects with low reflectivity. Unlike LiDAR, millimeter-wave radar does not provide fine 3D imaging, which limits its precision in certain applications. Additionally, although millimeter-wave radar has a long detection range, it still faces challenges in tracking and identifying fast-moving objects or complex dynamic scenes at high speeds, which could impact its overall system performance.

Despite these challenges, the future prospects of automotive millimeter-wave radar are very promising. As signal processing technology and algorithms continue to advance, radar resolution, detection range, and recognition capabilities will improve. With the rapid development of autonomous driving and intelligent connected vehicles, millimeter-wave radar will complement other sensors to build more comprehensive autonomous driving perception systems, further driving the widespread adoption of intelligent transportation systems.

Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Detailed of Millimeter Wave Radar for Car Market Segmentation -

Our market analysts are experts in deeply segmenting the global Millimeter Wave Radar for Car market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Millimeter Wave Radar for Car market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Millimeter Wave Radar for Car market and plan powerful business tactics to secure a position of strength in the industry.

Segmentation By Type :-

24 GHz
77 GHz
Other

Segmentation By Application -

Blind Spot Detection
Adaptive Cruise Control
Other

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

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This Millimeter Wave Radar for Car Market Research Report Contains Answers to your following Questions -

(A) Which Manufacturing Technology is Used for Millimeter Wave Radar for Car? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?

(B) Who Are the Global Key Players in This Millimeter Wave Radar for Car Market? What's Their Company Profile, Their Product Information, and Contact Information?

(C) What Was Global Market Status of Millimeter Wave Radar for Car Market? What Was Capacity, Production Value, Cost and PROFIT of Millimeter Wave Radar for Car Market?

(D) What Is Current Market Status of Millimeter Wave Radar for Car Industry? What's Market Competition in This Industry, Both Company, and Country Wise? What's Market Analysis of Millimeter Wave Radar for Car Market by Taking Applications and Types in Consideration?

(E) What Are Projections of Global Millimeter Wave Radar for Car Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

(F) What Is Millimeter Wave Radar for Car Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

(G) What Is Economic Impact On Millimeter Wave Radar for Car Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

(H) What Are Market Dynamics of Millimeter Wave Radar for Car Market? What Are Challenges and Opportunities?

(I) What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Millimeter Wave Radar for Car Industry?

Table of Contents - Major Key Points:

1. Study Coverage
2. Executive Summary
3. Research Methodology
4. Global Production Analysis
5. Value Chain and Supply-Chain Analysis
6. Millimeter Wave Radar for Car Market Dynamics
7. Competition by Manufacturers
8. Millimeter Wave Radar for Car Market Segmentation, By Type
9. Millimeter Wave Radar for Car Market Segmentation, By Application
10. Regional Analysis
11. Corporate Profile
12. Conclusion

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