High-Frequency Millimeter-Wave Radar Modules Market Reaches US$ 15.9 Billion by 2031, Growing at 15.5% CAGR, Led by Texas Instruments and Infineon

According to the recent report from QYResearch, the global market for high-frequency millimeter-wave radar modules was valued at US$ 5,803 million in 2024 and is forecast to expand to US$ 15,912 million by 2031, representing a compound annual growth rate (CAGR) of 15.5% during 2025-2031. In 2024, total module shipments reached about 14.5 million units, with an average selling price (ASP) near US$ 400. The industry's unit economics assume gross margins in the range of 30% to 45%, corresponding to cost of goods sold (COGS) around US$ 220-280 and gross profit per module about US$ 120-180.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) https://www.qyresearch.com/sample/5057423

Market expansion is driven by faster adoption of advanced driver assistance systems (ADAS), roadside infrastructure deployments, and new sensing use cases beyond automotive. At the same time, changes to U.S. tariff policy in 2025 pose supply chain and investment risks, prompting strategic restructuring and regional rebalancing in production footprints.

Classification
• Short-Range Millimeter-Wave Radar Modules
• Mid-Range Millimeter-Wave Radar Modules
• Long-Range Millimeter-Wave Radar Modules

Applications
• Automotive Advanced Driver Assistance Systems
• Industrial Automation and Robotics
• Intelligent Transportation Systems
• Security and Perimeter Surveillance
• Others

Leading Companies
Texas Instruments
Infineon Technologies
NXP Semiconductors
Analog Devices
Bosch
Continental
Denso Corporation
Hella
Valeo
ZF Friedrichshafen
Aptiv
Hitachi Astemo
Mando Corporation
Veoneer
STMicroelectronics
Raytheon Technologies
Lockheed Martin
Honeywell International
Thales Group
Leonardo S.p.A.
Panasonic
Fujitsu
Murata Manufacturing
Keysight Technologies
LeddarTech
Arbe Robotics
Smartmicro
Uhnder
Ainstein
Hirain Technologies

Latest Achievements, Data & Economics
In 2024, module production reached approximately 14.5 million units globally. Averaged over all segments, the selling price was about US$ 400 per unit. Based on industry benchmarking, a typical module's cost structure is estimated as follows:
• COGS: about US$ 220-280
• Gross profit per unit: approximately US$ 120-180
• Gross margin: roughly 30% to 45%

These figures align with observed component pricing trends. For example, leading radar transceiver ICs in mid- to high-volume orders often trade in the tens of dollars per unit. After accounting for RF front end, calibration, testing, packaging, firmware, and overhead, the module BOM can align with the above cost bands while allowing healthy margin buffers for manufacturers.

Five Sample Products
Texas Instruments - AWR2944 Automotive Radar SoC
Frequency range: 76-81 GHz
Channels: 4 Tx / 4 Rx
Integrated DSP + radar accelerator core
Typical Tx power ~13.5 dBm, receiver noise figure ~12 dB
• NXP Semiconductors - TEF82xx Radar Transceiver
Frequency band: 77-81 GHz
Single-chip radar transceiver for short, mid, long range
Designed for cascaded and imaging radar architectures
• Infineon - BGT60TR13C Sensor Module
Operating band: 58-63.5 GHz
Integrated transmit/receive in AiP form
Suitable for motion, presence, gesture, short-range sensing
• Bosch - Front Radar Sensor (latest generation)
Operates in 77-81 GHz spectrum
Detection range: up to ~530 m
Compact design targeting long-range object detection
• Continental - ARS540 4D Imaging Radar
Long-range radar with four-dimensional resolution
Range class: ~300 m
Field of view: wide angular coverage for automotive advanced features

Downstream Customers
Toyota
Volkswagen
BMW
Mercedes-Benz
Ford
General Motors
Hyundai Motor
Kia
Volvo Cars
Nissan
Honda
Stellantis
SAIC Motor
BYD
Geely

Market Trends in 2025
Imaging Radar Becomes Mainstream
In 2025, more radar suppliers are moving beyond pilot programs to volume deployment of 4D imaging radar systems. These radars resolve range, azimuth, elevation, and velocity-enabling better object discrimination in complex scenes, especially in urban and highway driving contexts.

Module Integration Accelerates
Turnkey antenna-in-module (AiM) solutions are gaining traction. These integrate radar IC, RF front end, and antenna arrays into compact modules, simplifying system design and accelerating adoption in both automotive and non-automotive applications (e.g. smart homes, health monitoring).

Infrastructure and Smart City Radar Deployment
Roadside radar systems for pedestrian detection, crosswalk safety, and micromobility monitoring are being deployed more widely. Municipalities and transportation agencies are embedding mmWave radar into intersection control and safety systems.

Regulatory and Safety Mandates Fuel Demand
Mandatory adoption of Automatic Emergency Braking (AEB) systems, including for vulnerable road users, is pushing higher radar sensor content per vehicle. Safety protocols from testing authorities increasingly require performance at night, in occlusions, and in multi-sensor fusion.

Silicon Scaling & Software-Driven Radar
Advances in RFCMOS process scaling support more channels, higher integration, lower power, and greater flexibility. Radar designs are becoming more software-defined, enabling OTA updates, adaptive beamforming, and AI signal processing in radar stacks.

Band Convergence Around 77-81 GHz
The industry is consolidating around the 77-81 GHz band for its balance of bandwidth and regulatory alignment. Legacy 24 GHz modules are being phased out as 77 GHz enables greater resolution and performance, especially for medium and long range use.

Request for Pre-Order Enquiry On This Report https://www.qyresearch.com/customize/5057423

Price Compression & Economies of Scale
As radar module volumes grow and component integration improves, module pricing is expected to decline. The trend supports wider penetration into cost-sensitive markets such as industrial automation, building sensing, and consumer devices.

Related Report:
High-Frequency Millimeter-Wave Radar Modules - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
https://www.qyresearch.com/reports/5057423/high-frequency-millimeter-wave-radar-modules

Global High-Frequency Millimeter-Wave Radar Modules Market Outlook, In Depth Analysis & Forecast to 2031
https://www.qyresearch.com/reports/5057422/high-frequency-millimeter-wave-radar-modules

2025-2031全球与中国高频毫米波雷达模组市场现状及未来发展趋势
https://www.qyresearch.com.cn/reports/5773783/high-frequency-millimeter-wave-radar-modules

2025-2031中国高频毫米波雷达模组市场现状研究分析与发展前景预测报告
https://www.qyresearch.com.cn/reports/5773782/high-frequency-millimeter-wave-radar-modules
Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of the product manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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.
Chapter 5 & 6: Sales, revenue of the product in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.

Contact Details
Tel: +1 626 2952 442 ; +41 765899438(Tel & Whatsapp); +86-1082945717
Email: john@qyresearch.com; global@qyresearch.com
Website: www.qyresearch.com

About us:
QY Research has established close partnerships with over 71,000 global leading players. With more than 20,000 industry experts worldwide, we maintain a strong global network to efficiently gather insights and raw data.

Our 36-step verification system ensures the reliability and quality of our data. With over 2 million reports, we have become the world's largest market report vendor. Our global database spans more than 2,000 sources and covers data from most countries, including import and export details.

We have partners in over 160 countries, providing comprehensive coverage of both sales and research networks. A 90% client return rate and long-term cooperation with key partners demonstrate the high level of service and quality QY Research delivers.

More than 30 IPOs and over 5,000 global media outlets and major corporations have used our data, solidifying QY Research as a global leader in data supply. We are committed to delivering services that exceed both client and societal expectations.

This release was published on openPR.