Automotive 60GHz mmWave Radar Research：CAGR of 8.9% during the forecast perio

Automotive 60GHz mmWave Radar Market Summary

According to the new market research report “Global Automotive 60GHz mmWave Radar Market Report 2024-2030”, published by QYResearch, the global Automotive 60GHz mmWave Radar market size is projected to reach USD 26.79 million by 2030, at a CAGR of 8.9% during the forecast period.

• Global Automotive 60GHz mmWave Radar MarketSize(US$ Million), 2019-2030

Based on or includes research from QYResearch: Global Automotive 60GHz mmWave Radar Market Report 2024-2030.

Market Drivers:

Due to the increasing maturity of 60GHz radar chip technology, the cost of 60GHz millimeter-wave radar is constantly decreasing, and it can be further reduced in the future.

Steady growth in downstream application market demand and expansion of new application areas.

Growing demand in emerging economies.

Restraint:

Several manufacturers monopolize the market, making it difficult for new entrants to gain market share.

High technical threshold and large R&D investment.

Global geopolitical conflicts continue, trade frictions intensify, regional economic uncertainty intensifies, and exchange rate fluctuations are significant, increasing business risks for enterprises.

Opportunity:

From 2025 onward, classification will be mandatory to achieve the highest safety star rating. A child or baby alone in a car must be detected within 10 seconds based on FCC regulations. A warning must then be issued to remind the vehicle user of the child and the associated health risk, or even make outsiders aware of the child. Car manufacturers will be able to make their cars safer and achieve a five-star NCAP rating by utilizing a CPD system. 60GHz radar sensor is the ideal technology for Child Presence Detection (CPD) delivery.

• Global Automotive 60GHz mmWave Radar Top5Players Ranking and Market Share（Continually updated）

Based on or includes research from QYResearch: Global Automotive 60GHz mmWave Radar Market Report 2024-2030.

According to QYResearch Top Players Research Center, the global key manufacturers of Automotive 60GHz mmWave Radar include Infineon, Texas Instruments, etc. In 2023, the global top three players had a share approximately 65.0% in terms of revenue.

• Automotive 60GHz mmWave Radar,Global Market Size, Split by Product Segment

Based on or includes research from QYResearch: Global Automotive 60GHz mmWave Radar Market Report 2024-2030.

In terms of product type, currently 2D Sensing is the largest segment, hold a share of 65.4%.

• Automotive 60GHz mmWave Radar,Global Market Size, Split by ApplicationSegment

Based on or includes research from QYResearch: Global Automotive 60GHz mmWave Radar Market Report 2024-2030.

In terms of product application, currently Automobile is the largest segment, hold a share of 79.0%.

• Automotive 60GHz mmWave Radar,Global Market Size, Split by Region

Based on or includes research from QYResearch: Global Automotive 60GHz mmWave Radar Market Report 2024-2030.

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.