Millimeter Wave Radar Market size was USD 10.2 billion in 2024 and is anticipated to reach a valuation of USD 202.9 billion by the end of 2037, rising at a CAGR of 26.1% during the forecast period, i.e., 2025-2037. In 2025, the industry size of millimeter wave radar is assessed at USD 12.4 billion.
The global market is witnessing strong growth, driven by rising demand for advanced driver-assistance systems (ADAS) in the automotive sector and increasing utilization in industrial automation. The technology enables high-resolution detection and enhanced accuracy, making it essential for applications requiring precision, such as autonomous vehicles and smart city infrastructures. An example of this can be seen in the collaboration of Keysight Technologies in March 2021 to establish a millimeter wave radar lab in Suzhou, China. This move promotes the development of technologies for autonomous driving and the better integration of mmWave radars into smart mobility solutions.
The government is also contributing to millimeter wave radar market growth through initiations. For instance, the U.S. Department of Transportation announced in August 2023 that it would provide radar technologies for highway safety improvement programs. This constitutes part of the expanded effort to mount mmWave radar systems in urban areas for enhanced safety, traffic flow management, and data collection in real time. Governments across the globe are also financing projects on mmWave to extend its application to telecommunications, defense, and public safety. This underlines the strategic importance of radar systems across sectors.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
26.1% |
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Base Year Market Size (2024) |
USD 10.2 billion |
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Forecast Year Market Size (2037) |
USD 202.9 billion |
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Regional Scope |
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Frequency Band (24GHz, 60GHz, 76/79GHz)
Frequency band of 76/79 GHz segment is poised to hold millimeter wave radar market share of over 45.8% by the end of 2037. This band is preferred owing to its optimum suitability in automotive radar applications, especially in ADAS. Growth in this segment can be attributed to growing demand in the automotive sector for radar collision avoidance and lane keeping. For example, in February 2024, Ceragon launched its 76/79 GHz technology, embodied with high data rates and connectivity suitable for state-of-the-art automotive applications. This new technology enables seamless communication between vehicles and their surroundings, enhancing real-time situational awareness essential for autonomous navigation.
Sensing Fusion Configuration (Radar + Camera, Radar + LIDAR, Others)
In millimeter wave radar market, Radar + LIDAR segment is likely to dominate revenue share of over 45.5% by 2037, due to the increase in enhanced detection capabilities over a wide range of automotive and industrial applications. A combination of radar with LIDAR better the recognition of objects and thus gives better depth perception, which is important in applications needing high accuracy. In July 2024, Sumitomo Electric presented its NEXUSEYE radar sensors for pedestrian detection. This product makes use of the fusion of radar and LIDAR technologies, hence showing its potential to enhance safety under critical conditions and drive the proliferation of these autonomous systems.
Our in-depth analysis of the global market includes the following segments:
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Frequency Band |
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Component |
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Distance |
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Sensing Fusion Configuration |
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Application |
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Asia Pacific Market Statistics
Asia Pacific millimeter wave radar market is predicted to dominate revenue share of around 48.7% by the end of 2037. This is owing to rapid urbanization, increasing investments in digital infrastructure, and the rising population in countries such as India and China. Such factors add to the already steady deployment of 5G technology and smart city development as the determining factors. The increasing demand for affordable connectivity and automation in city infrastructure-especially in the automotive sector or telecommunication fields-relies on high-frequency radar systems that provide accurate data in real time.
Market growth in India is fueled by initiatives such as Digital India set up by the government to develop a strong digital framework. Moreover, in March 2024, Avant Technology announced an investment of USD 100 million in an AI-centric data center in India to further consolidate its local data processing and millimeter wave radar capabilities. This facility is expected to be fully operational by 2025, with a design to serve the automotive and telecommunications industries using state-of-the-art radar technologies, catering to the growing demand for high-speed, secure connectivity.
China also contributes a major share due to its massive manufacturing hubs and rapid technology development. Chuhang Technology has launched its new 60 GHz millimeter wave radar product suite at IAA Mobility 2023 in Germany for in-cabin sensing. This marked the first appearance on the international stage and reflected the impact companies in China are making in the radar market. The technology developed in partnership with emotion3D, aims to enhance driver monitoring systems with capabilities like drowsiness detection, underscoring China's leadership in automotive radar solutions and further solidifying its competitive position in Asia Pacific market.
North America Market Analysis
North America millimeter wave radar market is projected to witness growth rate of around 26% from 2025 to 2037, owing to high demand for frequency bands in telecommunications, automotive, and military sectors. The U.S. and Canada are leading countries in the market due to their advanced technological infrastructure and further investment in 5G networks. Also, government initiatives and public-private partnerships for connectivity and smart infrastructure development in urban areas further boost the market growth.
The adoption of millimeter wave radar technology in the U.S. is driven by significant investment in 5G infrastructure and a strong emphasis on the development of autonomous vehicle technology. Furthermore, the market is defined by collaborations that have challenged the frontiers of telecommunications and radar. In December 2023, T-Mobile partnered with Qualcomm and Ericsson to achieve a record speed of 4.3 Gbps on the mmWave spectrum. This showcases the commitment of the country to offering modern telecommunications infrastructure using mmWave technology to satisfy the need for next-generation connectivity in urban and rural areas.
Canada also contributes to the growth of the North America mmWave radar market with its smart city development and advanced radar solutions for public safety. The country is also actively deploying radar technology in metropolitan infrastructures, with partnerships highlighting pedestrian safety and environmental resilience. Companies are developing sensors designed for correct pedestrian detection even in bad weather conditions, underlining Canada's commitment to using radar technology to improve citizens' safety and furthering smart city initiatives.
Competition in the millimeter wave radar market is very high since there are a large number of global players who are competing and surviving based on their innovative capabilities and strategic partnerships. Some established companies in this market include Qualcomm, Ericsson, Fujitsu, Cisco, and Sumitomo Electric, all of which are rapidly investing in product development intending to meet the industry demand for radar technology in growth-oriented areas like automotive, telecommunication, and defense industries.
These companies also collaborate with government entities to drive technological advancements, reinforcing their market positions. For example, in January 2024, Suzhou-based Milliverse closed a Pre-A funding round led by Xinke Capital, raising significant funds to advance its 4D millimeter wave radar technology. This funding is expected to facilitate the development of high-resolution radar chips aimed at enhancing autonomous driving capabilities. Increased competition and investments in 4D radar imaging in China and other regions demonstrate the potential for growth in this market, along with current efforts by key leading players to maintain superiority in radar technology.
Here are some leading companies in the millimeter wave radar market:
Author Credits: Abhishek Verma
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