Automotive Millimeter Wave Radar Market Trends：the market size is projected to reach USD 7.76 billion by 2030

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 environment 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.

Automotive Millimeter Wave Radar Market Summary

According to the new market research report “China Automotive Millimeter Wave Radar Market Report 2024-2030”, published by QYResearch, the China Automotive Millimeter Wave Radar market size is projected to reach USD 7.76 billion by 2030, at a CAGR of 21.6% during the forecast period.

• China Automotive Millimeter Wave Radar MarketSize (US$ Million), 2019-2030

Above data is based on report from QYResearch: China Automotive Millimeter Wave Radar Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

• China Automotive Millimeter Wave Radar Top15Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Above data is based on report from QYResearch: China Automotive Millimeter Wave 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 China key manufacturers of Automotive Millimeter Wave Radar include WHST, Bosch, Continental, Chuhang Tech, Veoneer, Cheng-Tech, Hella, Denso, Aptiv, HUAYU Automotive Systems, etc. In 2024, the China top five players had a share approximately 60.0% in terms of revenue.

In terms of product application, currently Adaptive Cruise Control System is the largest segment, hold a share of 54.9%. The demand for adaptive cruise control systems (ACC), blind spot monitoring systems (BSM), and other advanced driver assistance systems (ADAS) is rising sharply. As the core sensor of these systems, the market demand for millimeter-wave radar is expanding. Especially in high-end cars and the upcoming mid- and low-end models, millimeter-wave radar will gradually become standard, promoting the popularization of autonomous driving and intelligent safety functions. In addition, as the world's attention to automobile safety continues to increase, radar systems are not only limited to adaptive cruise and blind spot monitoring, but also extended to automatic parking assistance, collision avoidance systems and more areas. In the future, millimeter-wave radar will be deeply integrated with other sensor technologies (such as cameras, lidar, ultrasonic sensors) to achieve more accurate and intelligent vehicle environment perception, paving the way for the further development of autonomous driving and intelligent transportation systems.

Automotive Millimeter Wave Radar Market Dynamics

Market Drivers:

Rising Demand for Advanced Driver Assistance Systems (ADAS): The increasing adoption of ADAS features like adaptive cruise control, automatic emergency braking, and lane-keeping assistance is one of the primary drivers of the millimeter wave radar market. These systems require high-performance radar sensors to provide accurate and reliable data for real-time decision-making.

Growth of Autonomous Vehicles: The push toward fully autonomous vehicles, which rely heavily on radar, LiDAR, and cameras for 360-degree sensing, is fueling the demand for automotive millimeter wave radar. Radar technology plays a key role in detecting objects at long ranges, which is essential for autonomous driving systems to make real-time decisions.

Increased Consumer Demand for Vehicle Safety Features: Consumers are increasingly demanding vehicles equipped with advanced safety features. As a result, automakers are integrating more radar sensors in their vehicles to meet consumer expectations for enhanced safety and driver assistance.

Restraint:

High Cost of Radar Systems: Despite decreasing prices, automotive millimeter wave radar systems are still relatively expensive compared to other sensor technologies. This can be a barrier for manufacturers, especially in the low- and mid-range vehicle segments, where cost is a critical factor.

Limited Range in Adverse Conditions: Millimeter wave radar systems, while effective under many conditions, may face limitations in adverse weather conditions such as heavy rain, snow, or fog. These conditions can reduce the radar’s ability to detect objects accurately, which can affect the overall safety performance of the vehicle.

Opportunity:

Integration with V2X Communication: The development of Vehicle-to-Everything (V2X) communication systems, which enable vehicles to communicate with each other and with infrastructure, presents an opportunity for radar technology to play a key role in enhancing situational awareness and safety, especially in dense urban environments.

Improved Radar Performance: Advances in radar technology, such as higher resolution and better object classification capabilities, will improve the performance of millimeter wave radar systems. This will open up new applications, including improved sensor fusion, more accurate detection in challenging environments, and enhanced obstacle detection for low-speed autonomous driving.

About The Authors

Airong Wang– As a Junior Analyst with two years of experience at QYResearch, I specialize in market research and the preparation of in-depth industry reports. With a strong foundation in data collection and analysis, I effectively identify key market trends, assess competitive landscapes, and provide actionable insights for clients.

Leveraging my academic background in logistics and auto, I bring a technical understanding of the industry, which enhances the quality of my analysis and reports. My expertise lies in conducting feasibility studies, identifying growth opportunities, and helping businesses make informed, strategic decisions.

Email: wangairong@qyresearch.com

About QYResearch

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