The global market for 60GHz mmWave Radar was estimated to be worth US$ 7.72 million in 2024 and is forecast to a readjusted size of US$ 22.81 million by 2031 with a CAGR of 16.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on 60GHz mmWave Radar cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
60GHz millimeter-wave radar is a sensor that utilizes millimeter waves in the 60GHz frequency band for target detection and identification. It transmits millimeter-wave signals and receives reflected echoes from targets to obtain information such as distance, velocity, and angle. With its high-precision ranging and angular resolution, this radar enables accurate detection and tracking of objects.
In 2024, global millimeter-wave radar production capacity reached 1.4 million units, with global sales totaling 1.172 million units. The average selling price stood at $6.59 per unit, achieving an average gross margin of 48.56%.
Development Trends
Technical Performance Enhancement: 60GHz millimeter-wave radar will further improve its anti-interference capabilities and data processing capacity to meet the demands of more complex application scenarios. In the field of autonomous driving, this technology will evolve toward higher precision and greater detection ranges, supporting the realization of higher levels of autonomous driving functionality.
Expanded Application Domains: Beyond existing primary applications, 60GHz millimeter-wave radar will explore new application spaces in IoT and medical device monitoring, such as monitoring human vital signs in medical equipment.
Upstream and Downstream Impacts
Upstream Impact: The upstream segment of the 60GHz millimeter-wave radar supply chain includes critical components such as antennas, MMIC chips, and PCB boards. Currently, foreign manufacturers dominate the supply of core upstream components, with domestic substitution still in its ramp-up phase. The technological sophistication and supply stability of these core components directly influence the performance and cost of 60GHz millimeter-wave radar systems.
Downstream Impact: The downstream market primarily consists of OEMs and ADAS solution integrators. The scale of demand and performance requirements for 60GHz millimeter-wave radar from these downstream players determine the production and R&D focus of midstream supply chain enterprises. With the rapid development of downstream sectors like autonomous driving and smart homes, demand for 60GHz millimeter-wave radar will continue to grow, driving the advancement of the entire supply chain.
This report aims to provide a comprehensive presentation of the global market for 60GHz mmWave Radar, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of 60GHz mmWave Radar by region & country, by Type, and by Application.
The 60GHz mmWave Radar market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 60GHz mmWave Radar.
Market Segmentation
By Company
- Infineon
- Texas Instruments
- Acconeer
- Socionext
- Calterah
Segment by Type
Segment by Application
- Consumer Electronics
- Internet of Things & Smart Cities
- Industrial & Agriculture
- Automotive
- Others
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, 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.
Chapter 2: Detailed analysis of 60GHz mmWave Radar manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various 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.
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.
Chapter 5: Sales, revenue of 60GHz mmWave 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.
Chapter 6: Sales, revenue of 60GHz mmWave Radar in country level. It provides sigmate data by Type, and by Application for each country/region.
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.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 60GHz mmWave Radar Product Introduction
- 1.2 Global 60GHz mmWave Radar Market Size Forecast
- 1.2.1 Global 60GHz mmWave Radar Sales Value (2020-2031)
- 1.2.2 Global 60GHz mmWave Radar Sales Volume (2020-2031)
- 1.2.3 Global 60GHz mmWave Radar Sales Price (2020-2031)
- 1.3 60GHz mmWave Radar Market Trends & Drivers
- 1.3.1 60GHz mmWave Radar Industry Trends
- 1.3.2 60GHz mmWave Radar Market Drivers & Opportunity
- 1.3.3 60GHz mmWave Radar Market Challenges
- 1.3.4 60GHz mmWave Radar Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global 60GHz mmWave Radar Players Revenue Ranking (2024)
- 2.2 Global 60GHz mmWave Radar Revenue by Company (2020-2025)
- 2.3 Global 60GHz mmWave Radar Players Sales Volume Ranking (2024)
- 2.4 Global 60GHz mmWave Radar Sales Volume by Company Players (2020-2025)
- 2.5 Global 60GHz mmWave Radar Average Price by Company (2020-2025)
- 2.6 Key Manufacturers 60GHz mmWave Radar Manufacturing Base and Headquarters
- 2.7 Key Manufacturers 60GHz mmWave Radar Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of 60GHz mmWave Radar
- 2.9 60GHz mmWave Radar Market Competitive Analysis
- 2.9.1 60GHz mmWave Radar Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by 60GHz mmWave Radar Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in 60GHz mmWave Radar as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.2 Global 60GHz mmWave Radar Sales Value by Type
- 3.2.1 Global 60GHz mmWave Radar Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global 60GHz mmWave Radar Sales Value, by Type (2020-2031)
- 3.2.3 Global 60GHz mmWave Radar Sales Value, by Type (%) (2020-2031)
- 3.3 Global 60GHz mmWave Radar Sales Volume by Type
- 3.3.1 Global 60GHz mmWave Radar Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global 60GHz mmWave Radar Sales Volume, by Type (2020-2031)
- 3.3.3 Global 60GHz mmWave Radar Sales Volume, by Type (%) (2020-2031)
- 3.4 Global 60GHz mmWave Radar Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Consumer Electronics
- 4.1.2 Internet of Things & Smart Cities
- 4.1.3 Industrial & Agriculture
- 4.1.4 Automotive
- 4.1.5 Others
- 4.2 Global 60GHz mmWave Radar Sales Value by Application
- 4.2.1 Global 60GHz mmWave Radar Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global 60GHz mmWave Radar Sales Value, by Application (2020-2031)
- 4.2.3 Global 60GHz mmWave Radar Sales Value, by Application (%) (2020-2031)
- 4.3 Global 60GHz mmWave Radar Sales Volume by Application
- 4.3.1 Global 60GHz mmWave Radar Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global 60GHz mmWave Radar Sales Volume, by Application (2020-2031)
- 4.3.3 Global 60GHz mmWave Radar Sales Volume, by Application (%) (2020-2031)
- 4.4 Global 60GHz mmWave Radar Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global 60GHz mmWave Radar Sales Value by Region
- 5.1.1 Global 60GHz mmWave Radar Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global 60GHz mmWave Radar Sales Value by Region (2020-2025)
- 5.1.3 Global 60GHz mmWave Radar Sales Value by Region (2026-2031)
- 5.1.4 Global 60GHz mmWave Radar Sales Value by Region (%), (2020-2031)
- 5.2 Global 60GHz mmWave Radar Sales Volume by Region
- 5.2.1 Global 60GHz mmWave Radar Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global 60GHz mmWave Radar Sales Volume by Region (2020-2025)
- 5.2.3 Global 60GHz mmWave Radar Sales Volume by Region (2026-2031)
- 5.2.4 Global 60GHz mmWave Radar Sales Volume by Region (%), (2020-2031)
- 5.3 Global 60GHz mmWave Radar Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America 60GHz mmWave Radar Sales Value, 2020-2031
- 5.4.2 North America 60GHz mmWave Radar Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe 60GHz mmWave Radar Sales Value, 2020-2031
- 5.5.2 Europe 60GHz mmWave Radar Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific 60GHz mmWave Radar Sales Value, 2020-2031
- 5.6.2 Asia Pacific 60GHz mmWave Radar Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America 60GHz mmWave Radar Sales Value, 2020-2031
- 5.7.2 South America 60GHz mmWave Radar Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa 60GHz mmWave Radar Sales Value, 2020-2031
- 5.8.2 Middle East & Africa 60GHz mmWave Radar Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions 60GHz mmWave Radar Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions 60GHz mmWave Radar Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions 60GHz mmWave Radar Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions 60GHz mmWave Radar Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States 60GHz mmWave Radar Sales Value, 2020-2031
- 6.3.2 United States 60GHz mmWave Radar Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States 60GHz mmWave Radar Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe 60GHz mmWave Radar Sales Value, 2020-2031
- 6.4.2 Europe 60GHz mmWave Radar Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe 60GHz mmWave Radar Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China 60GHz mmWave Radar Sales Value, 2020-2031
- 6.5.2 China 60GHz mmWave Radar Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China 60GHz mmWave Radar Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan 60GHz mmWave Radar Sales Value, 2020-2031
- 6.6.2 Japan 60GHz mmWave Radar Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan 60GHz mmWave Radar Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea 60GHz mmWave Radar Sales Value, 2020-2031
- 6.7.2 South Korea 60GHz mmWave Radar Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea 60GHz mmWave Radar Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia 60GHz mmWave Radar Sales Value, 2020-2031
- 6.8.2 Southeast Asia 60GHz mmWave Radar Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia 60GHz mmWave Radar Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India 60GHz mmWave Radar Sales Value, 2020-2031
- 6.9.2 India 60GHz mmWave Radar Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India 60GHz mmWave Radar Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 Infineon
- 7.1.1 Infineon Company Information
- 7.1.2 Infineon Introduction and Business Overview
- 7.1.3 Infineon 60GHz mmWave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 Infineon 60GHz mmWave Radar Product Offerings
- 7.1.5 Infineon Recent Development
- 7.2 Texas Instruments
- 7.2.1 Texas Instruments Company Information
- 7.2.2 Texas Instruments Introduction and Business Overview
- 7.2.3 Texas Instruments 60GHz mmWave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Texas Instruments 60GHz mmWave Radar Product Offerings
- 7.2.5 Texas Instruments Recent Development
- 7.3 Acconeer
- 7.3.1 Acconeer Company Information
- 7.3.2 Acconeer Introduction and Business Overview
- 7.3.3 Acconeer 60GHz mmWave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 Acconeer 60GHz mmWave Radar Product Offerings
- 7.3.5 Acconeer Recent Development
- 7.4 Socionext
- 7.4.1 Socionext Company Information
- 7.4.2 Socionext Introduction and Business Overview
- 7.4.3 Socionext 60GHz mmWave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Socionext 60GHz mmWave Radar Product Offerings
- 7.4.5 Socionext Recent Development
- 7.5 Calterah
- 7.5.1 Calterah Company Information
- 7.5.2 Calterah Introduction and Business Overview
- 7.5.3 Calterah 60GHz mmWave Radar Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Calterah 60GHz mmWave Radar Product Offerings
- 7.5.5 Calterah Recent Development
8 Industry Chain Analysis
- 8.1 60GHz mmWave Radar Industrial Chain
- 8.2 60GHz mmWave Radar Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 60GHz mmWave Radar Sales Model
- 8.5.2 Sales Channel
- 8.5.3 60GHz mmWave Radar Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer