Automotive Millimeter Wave Corner Radar Market size was valued at USD 2.5 Billion in 2024 and is forecasted to grow at a CAGR of 15.2% from 2026 to 2033, reaching USD 8.1 Billion by 2033.
In 2022, the global automotive millimeter wave corner radar market was valued at approximately USD 10.66 billion and is projected to reach USD 43.19 billion by 2029, reflecting a compound annual growth rate (CAGR) of 22.1% during the forecast period. Regionally, Europe led the market, accounting for about 38% of the global revenue, followed by North America with 31%, and China contributing 13%. The Asia Pacific region, particularly China and Japan, is expected to experience significant growth due to increasing adoption of advanced driver assistance systems (ADAS) and autonomous driving technologies. The markets expansion is driven by the rising demand for vehicle safety features, stringent government regulations, and advancements in radar technology. Opportunities abound in the development of 77 GHz radar systems, which offer enhanced accuracy and resolution, and are increasingly replacing older 24 GHz models. Additionally, the integration of these radar systems in electric and hybrid vehicles is on the rise, aligning with the global shift towards sustainable transportation solutions.
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Chuhang Technology
Boschs
Nova Electronics
Limradar
Jiaxing Jusu Electronic Technology
TransMicrowave
Continental
Aptiv
Hella
Veoneer
WHST
Valeo
Denso
Mando
TungThih Electronic
Desay
Hasco
Coligen
Hirige
Zongmu Technology
HL Klemove
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Millimeter Wave Corner Radar Market
FMCW (Frequency Modulated Continuous Wave)
Pulse Radar
Adaptive Cruise Control (ACC)
Collision Avoidance
Park Assist
Blind Spot Detection
Traffic Sign Recognition
Autonomous Vehicles
Original Equipment Manufacturers (OEMs)
Aftermarket
Passenger Cars
Commercial Vehicles
Electric Vehicles
Autonomous Vehicles
Short-Range Radar
Medium-Range Radar
Long-Range Radar
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Millimeter Wave Corner Radar Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Millimeter Wave Corner Radar Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Millimeter Wave Corner Radar Market, By Type
6. Global Automotive Millimeter Wave Corner Radar Market, By Application
7. Global Automotive Millimeter Wave Corner Radar Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Millimeter Wave Corner Radar Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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