60GHz mmWave Radar Market Size, Share, Growth, and Industry Analysis, By Type (V-Band, E-Band), By Application (Automotive, Consumer Electronics, Industrial, Healthcare), and Regional Insights and Forecast to 2034

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60GHZ MMWAVE RADAR MARKET OVERVIEW

The global 60GHz mmWave Radar Market size was USD 1.72 billion in 2025 and is projected to touch USD 7.88 billion by 2034, exhibiting a CAGR of 18.42% during the forecast period.

There is intensive development of the 60GHz mmWave radar market because the price is rising due to the growing popularity of high-resolution sensing and imaging usages in automotive, consumer electronics, and industrial automation industries. It has a very dynamic market in terms of technological development with an advent of new components and system architecture which are more accurate, reliable and with extended distance. Major companies in the marketplace are dedicating a lot of resources towards research and development of mmWave radar systems in an effort to maximize their performance levels and, this will scale up adoption in different applications.

Based on the business nature, the market is categorized into two, i.e. automotive and non-automotive. The automotive segment holds a relatively high market share because of the growing demand of advanced driver assistance systems (ADAS) and self-driven vehicles. The non-automotive division consists of consumer electronics, industrial automation, and additional uses of robots, drones, and security systems. The regional factors also determine the market to some extent, where the top markets are Asia-Pacific and North America, because there are leading manufacturers of mmWave radar technology and the demand of it is increasing. The market is likely to experience the massive growth as it goes on and on evolving due to the demand of high-resolution sensing and imaging applications.

COVID-19 IMPACT

60GHz mmWave Radar Industry Had a Negative Effect Due to supply chain disruptions and manufacturing constraints during COVID-19 Pandemic.

Covid-19 had a notable impact on the 60ghz mmwave radar market share. The worldwide COVID-19 pandemic has been unfavorable and astounding where the market has recorded less than expected demand in all territories than before the pandemic period. The booming market that is represented by the increase in CAGR can be explained by the fact that the market is growing and the demand is getting back to the prior level before the pandemic.

The pandemic caused by COVID-19 made hard feelings in the 60GHz mmWave Radar market in 2020 and 2021. The rapid growth of the market in the anticipation of demand of mmWave radar technology came as a result of investing in research and development to realize applications of the technology like contactless sensing and monitoring, in response to which the market grew significantly during the pandemic. Such spur of demand was caused by the necessity to enable the social distancing, remote monitoring, and contactless solutions in many industries, such as healthcare, retail, or security.

Nevertheless, lockdowns, travel limitations and social distancing led to disruption of supply chain, as well as the constraints in manufacturing. Such difficulties slowed down the manufacturing and supply of mmWave radar products which created a shortage and failed to answer the demand promptly. Nevertheless, mmWave radar is growing in popularity due to the pandemic, with many organizations investing their time and capital in innovation in the field, making the market a growth sector in the post-pandemic future.

LATEST TRENDS

Increasing adoption of 5G and 6G technologies to Drive Market Growth

The most recent theme that has transformed the growth of 60GHz mmWave Radar market is the widespread use of 5G and 6G technologies that necessitate a fast speed of data transfer and communication solutions with low latency this has led to the massive demand of the mmWave radar in the automotive and industrial industries. mmWave radar has also increased in popularity with regard to autonomous vehicles since it allows 3D maps to be generated and also improves on both object tracking and detection. It is also leaving the market to develop as a result of the imaging required to find high resolution and to be accurate in the distance that it is measuring. Besides, the use of mmWave radar coupled to computer vision and AI should improve market growth even more. The increased need related to high speed data transfer and low latency communication is also boosting the use of the mmWave radar in industrial uses like robotics and process control. On the whole, 5G and 6G technologies interacting with mmWave radar promise to cause the market to grow enormously.

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60GHZ MMWAVE RADAR MARKET SEGMENTATION

By Type

Based on Type, the global market can be categorized into V-Band, E-Band.

• V Band Radar Market: The range of frequencies deployed by the V-Band radar market ranges between 57 GHz and 64 GHz with applications in diverse parameters. It is heavily utilized in car accidents avoidance systems and is anticipated to increase since it has promise in advanced driver-assistance systems. Automobile industry is also raising demand of V-Band radar.

• E-Band Radar Market: E-Band radar market falls under spectrum frequencies of 60 GHz to 90 GHz and finds application in high - speed data transmission and sensing. It provides high resolution and it has many applications in industries like automation in industry and medical imaging. The E-Band radar will rise because the radar has the potential of high-resolution imaging and sensing applications.

By Application

Based on application, the global market can be categorized into Automotive, Consumer Electronics, Industrial, Healthcare.

• Automotive: By mounting 60GHz mmWave Radar on vehicles, advanced driver-assistance tools like adaptive cruise control and automatic emergency braking can be used. It offers better safety and high performance in avoiding collision and detecting people. It is also capable of hands-free parking as well as lane change assist.

• Consumer Electronics: Consumer electronics In consumer products, 60GHz mmWave Radar is finding use with gesture recognition and object proximity detection, in products like smartphones and game consoles. It can be used to control hand gestures to interact with the devices, and one can operate it more intuitively. Facial recognition and biometric authentication are also among such high-advanced features of this technology.

• Industrial: Industrial application: 60GHz mmWave Radar is applied in manufacturing and logistics on precise distance measurement and object discovery. It allows you to see other objects and people in the chaotic areas and helps to monitor intelligent inventory management and auto-warehouses. Predictive marketing and quality control are also supported with this technology.

• Healthcare: The application of the 60GHz mmWave Radar in a healthcare sector can allow hospitals and clinics to monitor and track patients remotely. It offers real time vital sign monitoring and promoting falls and patient safety. This is also the technology used to track medical equipment and supplies within the healthcare facilities.

MARKET DYNAMICS

Driving Factors

Increasing Demand for High-Speed Automotive Sensors to Boost the Market

A factor in the 60GHz mmWave Radar market growth is the Increasing Demand for High-Speed Automotive Sensors. Among the driving factors that affect the 60GHz mmWave Radar market is the growing demand of high-speed automotive sensors. This can be attributed to increase in the demand of highly automated driver-assistance systems (ADAS) and even self-driving cars that need highly resolute sensors that can readily identify objects even at long distances. 60GHz mmWave Radar technology can possibly satisfy the above mentioned demands due to its lightning fast rate of sending and receiving data and ability to calculate precise distances. Because of this, the market is experiencing sweeping growth as other big automakers invest a lot in the development of mmWave Radar technology. The popularity of electric vehicles is also influencing the demand in high-speed sensors since they demand sophisticated safety features so as to avoid accidents. This trend it is likely to continue over the next few years that further contributes to expanding the market of 60GHz mmWave Radar.

Advancements in 5G and IoT Technologies to Expand the Market

The other competitive force shaping up the 60GHz mmWave Radar market is the development of 5G and IoT technologies. New opportunities to use mmWave Radar technology are emerging due to the growing use of 5G networks and IoT applications in multiple industries where millimeter-wave frequencies can be used robotics, industrial automation, smart cities, etc. The potential of 5G networks in terms of transmitting data at very high speeds makes it possible to process the data sent by mmWave Radar in real time, thus allowing a high degree of accuracy in the detection and tracking of objects. Moreover, the growing number of IoT devices installed in different industries causes the demand in advanced sensors capable of detecting and tracking the required objects, and the mmWave Radar technology appears as a promising alternative. The 5G-IoT market is probably going to develop and hence expect the 60GHz mmWave Radar technology to be in demand in future years. Consequently, there is a lot of investment and innovation in the market in creating mmWave Radar technology.

Restraining Factor

Regulatory Hurdles to Potentially Impede Market Growth

Regulatory barriers are one of the significant limitation factors on the market of 60GHz Gen. There are governments all over the world who are yet to develop the guidelines of using this band. Failing to develop clear rules puts manufacturers and developers at cross roads hence investing in this technology is not easy. The uncertainty may cause delay in adoption and a low growth rate in the market. Moreover, there is special equipment and infrastructure required to work in this frequency which further increases the implementation costs. Through this, there is a big threat of regulation to the 60GHz mmWave Radar market.

60GHz mmWave Radar in Advanced Driver-Assistance Systems (ADAS To Create Opportunity for the Product in the Market

Opportunity

Since the implementation of 60GHz mmWave radar in the autonomous cars, high-resolution and long-range observing and tracking of road users, pedestrians, and obstacles can present the strong potential in ensuring the safety and effectiveness of the ADAS systems. Such a new technology can also support sophisticated functions like the automatic emergency braking, lane departure warning, and adaptive cruise control. Due to the relentless increase in the demand of self-driving vehicles, the 60GHz mmWave radar market is expected to take a favorable turn towards the formation of the third-generation of the ADAS operation.

60GHz mmWave radar, however, can provide artists with high-resolution real-time information that will allow manufacturers to build more advanced and trustworthy autonomous cars. The technology has the capability to revolutionize road transportation and draw new source of revenue to firms that are investing in ADAS development. The 60GHz mmWave radar is set to grow in the market as more autonomous vehicles are embraced in the market in the next few years.

Overcoming Interference in Dense Environments Could Be a Potential Challenge for Consumers

Challenge

With the 60GHz mmWave Radar technology improving, interference in densely populated places is one of the greatest challenges it will encounter. The 60GHz band is likely to get more saturated due to the growing spread of wireless communication systems and devices and IoT networks. This may cause degradation of the signals, lower accuracies, and narrow range of mmWave Radars.

To address this challenge, scientists and engineers will be forced to devise advanced interference reducing methods and algorithms able to contrast unneeded signals successfully enhancing the system performance. It will entail intensive investments in research and development as well as cooperation between the stakeholders of the industry and regulators. However, the effectiveness of mmWave Radar technology will boil down to how it can fit to work within such a dense environment.

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60GHZ MMWAVE RADAR MARKET REGIONAL INSIGHTS

• North America

North America is the fastest-growing region in this market. The United States 60GHz mmWave Radar market has been growing exponentially owing to multiple reasons. In North America, market demand for a high-speed wireless connection is the main factor that has led to the high mobility demand of the 60GHz mmWave Radar. Key actors such as Amazon and Google are investing in the production of mmWave technology as an application to create smart homes and autonomous motors. The automotive, industrial and the healthcare industrial segments are poised to expand in the market considerably. Some of the major ones are the United States and Canada, where an increase in the use of 5G networks is helping to boost the use of mmWave technology. The high debate on innovation and research in the region is as well beneficial to facilitate the weight of the mmWave radar market.

• Europe

The use of 60GHz mmWave Radar in Europe has been very concentrated in the area of safety and security especially in aviation and automotive industries. Key vendors such as the Continental and Infineon are working on mmWave radar solutions in advanced driver-assistance systems (ADAS). The continuous strategic investments on 5G technology by the European Union also boosts the prosperity of the mmWave radar industry. Countries such as Germany, the UK, and France are becoming front runners in the adoption of mmWave technology because of the presence of automotive industries and industrials. The development of the market is also associated with the attention paid to the research and development in the region.

• Asia

The 60GHz mmWave Radar market in Asia Pacific is fuelled by the upsurge in the automotive and industrial industries especially in the countries such as China and Japan. Key operators such as Huawei and ZTE are working on researching mmWave technology to use on smart cities and autonomous vehicles. High priority of innovation and digitalization in the region is another factor that advances mmWave radar market. Even countries such as South Korea and Taiwan are in the forefront in using the mmWave technology due to their high level of electronics and automobiles industries. The fact that there is an increasing need in the region regarding high speed wireless connection also impells the growth of the market.

KEY INDUSTRY PLAYERS

Key Industry Players Shaping the Market Through Innovation and Market Expansion

Key industry players are shaping the 60ghz mmwave radar marketplace through strategic innovation and market expansion. These companies are introducing advanced techniques and processes to improve the quality and performance of their offerings. They are also expanding their product lines to include specialized variations, catering to diverse customer preferences. Additionally, they are leveraging digital platforms to increase market reach and enhance distribution efficiency. By investing in research and development, optimizing supply chain operations, and exploring new regional markets, these players are driving growth and setting trends within the 60ghz mmwave radar.

List Of Top 60ghz Mmwave Radar Companies

• Infineon [Germany]
• Texas Instruments [U.S.].
• Acconeer [Sweden]
• Socionext [Japan]
• Calterah [China]

KEY INDUSTRY DEVELOPMENT

March 2023: The IWR6843AOP is 60GHz mmWave radar sensor with automotive and industrial applications. It has the integrated antenna-on-package (AoP) design, which makes it compact in size, and it also eases system integration. The sensor is accurate in tracking 3D motion, detect obstacles and environmental sensing. And it provides a strong performance amidst harsh environment and can be used in advanced driver-assistance systems (ADAS) and smart infrastructure.

REPORT COVERAGE

SWOT analysis is presented in this work at a high level, and helpful recommendations regarding further evolvement of the market are considered. This paper takes an opportunity to review and discuss the market segments and possible applications that have the potential to influence the market growth in the future years. The 60ghz mmwave radar with better portability is expected to gain high growth rates due to better consumer adoption trends, increasing application areas, and more innovative product developments. Yet, there might be some problems like, for instance, the shortage of raw materials or higher prices for them. However, the growing popularity of specialized offerings and tendencies towards enhancing quality foster the growth of the market. All of them are progressing through technology and innovative strategies in developments as well as in supply chain and market. Due to changes in the market environment and growing demand for variety, the 60ghz mmwave radar has a promising development since it constantly develops and expands its application.