Automotive Millimeter Wave Radar Market to Witness Significant Growth by 2025, Trends, Opportunities and Strategic Insights

QY Research has recently published a research report titled, "Global Automotive Millimeter Wave Radar Market Insights, Industry Share, Sales Projections, and Demand Outlook 2025-2031". The report presented here prepares market players to achieve consistent success while effectively dealing with unique challenges in the global Automotive Millimeter Wave Radar market. The analysts and researchers authoring the report have taken into consideration multiple factors predicted to positively and negatively impact the global Automotive Millimeter Wave Radar market. The report includes SWOT and PESTLE analyses to provide a deeper understanding of the global Automotive Millimeter Wave Radar market. All of the leading companies included in the report are profiled based on gross margin, market share, future plans, recent developments, target customer demographics, products and applications, and other critical factors.

The global market for Automotive Millimeter Wave Radar was estimated to be worth US$ 15120 million in 2024 and is forecast to a readjusted size of US$ 52030 million by 2031 with a CAGR of 19.2% during the forecast period 2025-2031.

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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.

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.

Market Competition

The vendor landscape and competitive scenarios of the global Automotive Millimeter Wave Radar market are broadly analyzed to help market players gain competitive advantage over their competitors. Readers are provided with detailed analysis of important competitive trends of the global Automotive Millimeter Wave Radar market. Market players can use the analysis to prepare themselves for any future challenges well in advance. They will also be able to identify opportunities to attain a position of strength in the global Automotive Millimeter Wave Radar market. Furthermore, the analysis will help them to effectively channelize their strategies, strengths, and resources to gain maximum advantage in the global Automotive Millimeter Wave Radar market.

Key Players Mentioned in the Global Automotive Millimeter Wave Radar Market Research Report:

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

Market Segments

The report comes out as an accurate and highly detailed resource for gaining significant insights into the growth of different product and application segments of the global Automotive Millimeter Wave Radar market. Each segment covered in the report is exhaustively researched about on the basis of market share, growth potential, drivers, and other crucial factors. The segmental analysis provided in the report will help market players to know when and where to invest in the global Automotive Millimeter Wave Radar market. Moreover, it will help them to identify key growth pockets of the global Automotive Millimeter Wave Radar market.

Segment by Type:

77 GHz
24 GHz
Others

Segment by Application:

Adaptive Cruise Control System
Blind Spot Detection
Others

Regional Growth

The report offers in-depth analysis of key regional and country-level Automotive Millimeter Wave Radar markets, taking into account their market size, CAGR, market potential, future developments, and other significant parameters. It includes geographical analysis of both developed and emerging markets for Automotive Millimeter Wave Radar. This helps readers to understand the growth pattern of the Automotive Millimeter Wave Radar market in different regions and countries. In addition, the regional analysis will provide market players an extremely important resource to plan targeted strategies to expand into key regional markets or tap into unexplored ones.

Segment by Region

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

While planning the strategic initiatives, market participants come across various questions and uncertainties. This report resolves various queries that most market players have regarding the global Automotive Millimeter Wave Radar market.

Important Questions Answered included in the Report:

(1) Does the global Automotive Millimeter Wave Radar market have growth potential?

(2) What are the growth opportunities for the new entrants in the global Automotive Millimeter Wave Radar market?

(3) Who are the leading manufacturers operating in the global Automotive Millimeter Wave Radar market? Will they maintain their dominance in future?

(4) What are the key strategies that market players may adopt to strengthen their presence in the global Automotive Millimeter Wave Radar market?

(5) How will the competitive scenario undergo a change in years to come?

(6) What are the emerging trends that may influence the growth of the global Automotive Millimeter Wave Radar market?

(7) What are the factors that may hamper the global Automotive Millimeter Wave Radar market growth in the years ahead?

(8) Which product type segment is expected to exhibit promising growth in the near future?

(9) What application is anticipated to grab a major share in the global Automotive Millimeter Wave Radar market?

(10) Which region is likely to emerge as a lucrative regional market in the forthcoming years?

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Table of Content

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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