60GHz mmWave Radar Research:CAGR of 30.6% during the forecast period QY Research Inc. (Global

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60GHz mmWave Radar Research:CAGR of 30.6% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “60GHz mmWave Radar- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for 60GHz mmWave Radar was estimated to be worth US$ 44.6 million in 2024 and is forecast to a readjusted size of US$ 420 million by 2031 with a CAGR of 38.3% during the forecast period 2025-2031.

【Get a free sample PDF of this report (Including Full TOC, List of Tables & Figures, Chart)】

https://www.qyresearch.com/reports/3528557/60ghz-mmwave-radar

60GHz mmWave Radar Market Summary

60GHz millimeter-wave (mmWave) radar is a sensing technology that operates in the 60 gigahertz frequency band, utilizing short wavelength radio waves for various detection and imaging applications. This radar technology is known for its high resolution, accuracy, and ability to penetrate certain materials, making it suitable for applications in automotive safety systems, industrial automation, security systems, and more.

According to the new market research report “Global 60GHz mmWave Radar Market Report 2024-2030”, published by QYResearch, the global 60GHz mmWave Radar market size is projected to reach USD 0.26 billion by 2030, at a CAGR of 30.6% during the forecast period.

Global 60GHz mmWave Radar MarketSize(US$ Million), 2019-2030

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Above data is based on report from QYResearch: Global 60GHz mmWave Radar Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

Global 60GHz mmWave Radar Top5 Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)

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Above data is based on report from QYResearch: Global 60GHz mmWave Radar Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of 60GHz mmWave Radar include Infineon, Texas Instruments, etc. In 2023, the global top three players had a share approximately 76.0% in terms of revenue.

60GHz mmWave Radar,Global Market Size, Split by Product Segment

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Based on or includes research from QYResearch: Global 60GHz mmWave Radar Market Report 2024-2030.

In terms of product type, currently 2D is the largest segment, hold a share of 65.1%.

In terms of product application, currently Building Automation is the largest segment, hold a share of 50.8%.

Market Drivers for 60GHz mmWave Radar:

Automotive Safety Systems: The automotive industry is a significant driver for 60GHz mmWave radar adoption, with applications in advanced driver-assistance systems (ADAS) for features like collision avoidance, blind spot detection, and autonomous driving capabilities.

Industrial Automation: 60GHz mmWave radar technology is used in industrial settings for object detection, distance measurement, and monitoring applications, enhancing automation, safety, and efficiency in manufacturing and logistics operations.

Security and Surveillance: The high resolution and accuracy of 60GHz mmWave radar make it valuable for security and surveillance systems, enabling perimeter monitoring, intrusion detection, and tracking of individuals or objects in various environments.

Healthcare and Medical Imaging: In healthcare, 60GHz mmWave radar technology can be utilized for non-invasive monitoring of vital signs, patient movement tracking, and imaging applications, offering potential advancements in healthcare diagnostics and patient care.

Smart Home and IoT Applications: The deployment of 60GHz mmWave radar sensors in smart home devices and Internet of Things (IoT) applications enables gesture recognition, occupancy sensing, and environmental monitoring functionalities for enhanced user experiences and energy efficiency.

Market Challenges for 60GHz mmWave Radar:

Cost and Complexity: The cost of 60GHz mmWave radar technology, including components, development, and integration, can be a challenge for widespread adoption in certain applications and industries, especially for cost-sensitive markets.

Regulatory and Spectrum Constraints: Compliance with regulatory requirements, spectrum availability, and potential interference issues in the 60GHz frequency band pose challenges for the deployment of mmWave radar systems in different regions and environments.

Environmental Factors: Factors such as weather conditions, signal attenuation, and interference from physical obstacles can affect the performance and reliability of 60GHz mmWave radar systems, requiring robust signal processing and mitigation strategies.

Integration and Interoperability: Ensuring seamless integration with existing systems, compatibility with other sensors, and interoperability with different communication protocols present challenges for deploying 60GHz mmWave radar solutions in complex environments.

Privacy and Data Security Concerns: The collection and processing of data by 60GHz mmWave radar sensors raise privacy and data security concerns, necessitating measures to protect sensitive information and comply with data protection regulations.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The 60GHz mmWave Radar market is segmented as below:

By Company

    Infineon
    Texas Instruments
    Acconeer
    Socionext
    Calterah

Segment by Type

2D
3D

Segment by Application

    Consumer Electronics
    Internet of Things & Smart Cities
    Industrial & Agriculture
    Automotive
    Others

Each chapter of the report provides detailed information for readers to further understand the 60GHz mmWave Radar market:

Chapter 1: Introduces the report scope of the 60GHz mmWave Radar report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)

Chapter 2: Detailed analysis of 60GHz mmWave Radar manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)

Chapter 3: Provides the analysis of various 60GHz mmWave Radar 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. (2020-2031)

Chapter 4: 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.(2020-2031)

Chapter 5: Sales, revenue of 60GHz mmWave Radar in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)

Chapter 6: Sales, revenue of 60GHz mmWave Radar in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)

Chapter 7: 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. (2020-2025)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth 60GHz mmWave Radar competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides 60GHz mmWave Radar comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides 60GHz mmWave Radar market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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About Us：

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