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FMCW Millimeter-wave Radar Rsearch:CAGR of 15.31% during the forecast period 2025-2031
QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “FMCW Millimeter-wave 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 FMCW Millimeter-wave Radar was estimated to be worth US$ 4026 million in 2024 and is forecast to a readjusted size of US$ 11610 million by 2031 with a CAGR of 15.3% during the forecast period 2025-2031.
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FMCW Millimeter-wave Radar Market Summary
FMCW (Frequency-Modulated Continuous Wave) millimeter-wave radar is a high-precision sensing technology that operates in the millimeter-wave frequency range (typically 24 GHz, 60 GHz, or 77 GHz) and uses continuous frequency modulation to detect and measure the distance, velocity, and angle of objects. By continuously transmitting a frequency-modulated signal and analyzing the frequency difference between the transmitted and received signals, FMCW millimeter-wave radar can accurately calculate the range and relative speed of targets with fine resolution and low latency. This technology is widely used in automotive advanced driver-assistance systems (ADAS), industrial automation, and security applications due to its excellent range accuracy, ability to penetrate adverse weather conditions, and robustness against interference. The compact size and relatively low power consumption of FMCW millimeter-wave radar also make it ideal for integration into modern electronic systems requiring real-time environmental perception.
According QYRsearch, the global FMCW Millimeter-wave Radar market size was valued at US$ 4.03 billion in 2024 and is forecast to reach US$ 11.61 billion by 2031 with a CAGR of 15.31% during the forecast period 2025-2031.
The surge in penetration of higher-level intelligent driving is the key driver of the market. As intelligent driving technology evolves from L2 to L2+, more OEMs are integrating features such as NOA (Navigate on Autopilot), automatic lane changing, and intelligent parking into mainstream models. These advanced functions demand greater accuracy and stability in environmental perception. Millimeter-wave radar, as a key component for long-range speed measurement and obstacle detection, has become a core standard feature. Especially in L2+ systems, typically one long-range front radar and 2 to 4 corner radars are installed—significantly more than the 1 to 2 radars commonly found in L1 configurations. Therefore, the widespread adoption of higher-level driving functions directly drives up the average number of millimeter-wave radars per vehicle and overall system demand.
Figure00001. Global FMCW Millimeter-wave Radar Market Size (US$ Million), 2020-2031
Above data is based on report from QYResearch: Global FMCW Millimeter-wave Radar Market Report 2025.
Figure00002. Global FMCW Millimeter-wave Radar Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)
Above data is based on report from QYResearch: Global FMCW Millimeter-wave Radar Market Report 2025.
Global key manufacturers of FMCW Millimeter-wave Radar include Bosch, Continental, FORVIA, Denso, Magna, etc. In 2024, the global top five players had a share approximately 69.9% in terms of revenue.
Figure00003. FMCW Millimeter-wave Radar, Global Market Share, Split by Product: 2024 VS 2031
Above data is based on report from QYResearch: Global FMCW Millimeter-wave Radar Market Report 2025.
Based on the operation frequency, FMCW Millimeter-wave Radar are divided into 77GHz, 24GHz and others. Among them, 77GHz product has a larger market with share of 79.08% in 2024 in terms of revenue. And it may has more share in the future with the further replacement to 24GHz products.
FMCW Millimeter-wave Radar is widely used in automotive, industrial and others. Among them, Automotive dominate the application market with a share of 82.24% in terms of revenue in 2024.
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 FMCW Millimeter-wave Radar market is segmented as below:
By Company
Bosch
Continental
FORVIA
Denso
Magna
Aptiv
Valeo
ZF
WHST
Huawei
Hyundai Mobis
Cheng-Tech
FinDreams Technology (BYD)
Freetech
HASCO
Hirige
Muniu Technology
Desay SV
Chuhang Technology
Shanghai Baolong
Segment by Type
77 GHz
24 GHz
Others
Segment by Application
Automotive
Industrial
Others
Each chapter of the report provides detailed information for readers to further understand the FMCW Millimeter-wave Radar market:
Chapter 1: Introduces the report scope of the FMCW Millimeter-wave 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 FMCW Millimeter-wave 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 FMCW Millimeter-wave 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 FMCW Millimeter-wave 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 FMCW Millimeter-wave 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 FMCW Millimeter-wave 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 FMCW Millimeter-wave 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 FMCW Millimeter-wave 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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