Millimeter Wave Radar Market - Top Companies and Manufacturers

Companies Dominating the Millimeter Wave Radar Landscape

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:

• Novelic
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• Infineon Technologies AG
• NXPSemiconductors
• Minew Group
• Texas Instruments Incorporated
• Fujitsu
• D3
• Asahi Kasei Microdevices Corporation
• Mistral Solutions Pvt. Ltd
• DALIAN IFLABEL TECHNOLOGY CO., LTD.