60GHz mmWave Radar Market to Grow at 19.72% CAGR from 2024 to 2032, Reaching USD 8.3 Billion

The 60GHz mmWave Radar market is witnessing rapid adoption across multiple industries, driven by advancements in wireless communication, autonomous driving, and security applications. With a market size of USD 1.97 billion in 2024, it is projected to surge to USD 8.3 billion by 2032, growing at a CAGR of 19.72% during the forecast period.

The increasing need for high-speed connectivity, traffic safety awareness, and industrial automation is fueling the demand for mmWave radar solutions. Its ability to provide high-resolution imaging, precise distance measurement, and reliable performance under adverse weather conditions makes it indispensable for modern applications.

Key Market Dynamics

• Increasing demand for high-speed connectivity: Rising global reliance on IoT, 5G, and real-time applications boosts adoption of 60GHz mmWave radar systems.
• Growing adoption of autonomous vehicles: Automotive radar is critical for collision avoidance, adaptive cruise control, and self-driving technologies.
• Rising awareness of traffic safety: Government initiatives for safer transportation infrastructure are encouraging radar-based monitoring systems.
• Technological advancements in radar systems: Miniaturization, cost-efficiency, and integration with AI/ML are expanding use cases in consumer electronics, healthcare, and industrial sectors.
• Expanding use in medical imaging and sensing: 60GHz mmWave enables contactless vital signs monitoring and advanced imaging solutions.

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Market Segmentation

The 60GHz mmWave Radar industry is segmented based on application, frequency band, deployment type, component type, and region.

By Application

• Automotive (ADAS, autonomous driving)
• Industrial automation
• Healthcare monitoring and imaging
• Security & surveillance
• Traffic monitoring and management

By Frequency Band

• 57–64 GHz (unlicensed spectrum adoption for consumer and automotive)

By Deployment Type

• Ground-based radars
• Vehicle-mounted radars
• Portable/handheld systems

By Component Type

• Antennas
• Transceivers
• Processors
• Power modules

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Regional Insights

• North America: Strong growth fueled by autonomous vehicle R&D, smart city projects, and 5G infrastructure.
• Europe: Adoption driven by EU safety regulations, industrial robotics, and healthcare innovation.
• Asia-Pacific (APAC): Fastest-growing region, led by China, Japan, and South Korea, focusing on automotive electronics, consumer devices, and smart factories.
• South America: Moderate growth due to expanding telecom infrastructure and transportation monitoring systems.
• Middle East & Africa (MEA): Increasing adoption in surveillance, defense, and urban development projects.

Competitive Landscape

Key companies are investing in R&D, strategic partnerships, and technology integration to strengthen their presence. Major players include:

• Keysight Technologies
• Anritsu Corporation
• Rohde & Schwarz
• LitePoint
• VIAVI Solutions
• Tektronix
• Spirent Communications
• Marvin Test Solutions
• B&K Precision

These firms are focusing on product innovation, spectrum testing solutions, and expanding radar system capabilities to address emerging needs in mobility, healthcare, and security.

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Key Opportunities

The future of the 60GHz mmWave Radar market is shaped by multiple opportunities:

• Autonomous Vehicles – Enhancing safety and efficiency through radar-based navigation.
• Medical Imaging & Sensing – Revolutionizing healthcare with non-invasive patient monitoring.
• Industrial Automation – Powering Industry 4.0 with precision sensing and robotics.
• Security & Surveillance – Enabling next-gen perimeter and access control systems.
• Traffic Monitoring & Management – Supporting smart city infrastructure with real-time tracking.
• Consumer Electronics (extra pointer) – Adoption in smart home devices, gesture recognition, and wearable sensors.

The 60GHz mmWave Radar market is on a transformative path, fueled by technological innovation and cross-industry adoption. With applications ranging from autonomous driving and industrial automation to medical imaging and smart cities, the sector is poised for exponential growth. The forecasted 19.72% CAGR (2024–2032) highlights the immense potential of this technology, making it a critical enabler of future connectivity and safety solutions.

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60GHzミリ波レーダー市場 | Markt für 60-GHz-MMW-Radar | Marché des radars à ondes millimétriques 60 GHz | 60GHz 밀리파 레이더 시장 | 60GHz 毫米波雷达市场 | Mercado de radares de ondas milimétricas de 60 GHz

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