Automotive Millimeter Wave Radar Market Revenue was valued at USD 5.2 Billion in 2024 and is estimated to reach USD 12.9 Billion by 2033, growing at a CAGR of 10.5% from 2026 to 2033.
The global automotive millimeter wave radar market was valued at approximately USD 4.78 billion in 2022 and is expected to grow at a robust compound annual growth rate (CAGR) of 20.5% from 2023 to 2030. The rising demand for advanced driver assistance systems (ADAS) and autonomous vehicles are key drivers of this market. Millimeter wave radar technology, known for its high accuracy, wide detection range, and ability to function in adverse weather conditions, has gained traction in vehicle safety systems, including collision avoidance, adaptive cruise control, and lane change assistance. By the end of the forecast period, the market size is projected to reach about USD 24.88 billion. Regionally, the North American automotive millimeter wave radar market accounted for a substantial share in 2022, driven by the high adoption of ADAS technologies and the presence of major automotive manufacturers. The region is projected to maintain its dominance through 2030. Europe followed closely, benefiting from stringent vehicle safety regulations and significant investments in autonomous vehicle technologies. Meanwhile, the Asia Pacific region, particularly China and Japan, is anticipated to witness the highest growth rate during the forecast period, fueled by the increasing demand for smart vehicles and supportive government initiatives aimed at promoting the adoption of advanced automotive technologies. With the expansion of automotive production and technological advancements, the market in these regions is poised for rapid growth.
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TOYODA GOSEI
Shinko Nameplate
ZANINI AUTO Grup
Toyota Motor
Shimadzu
ROHDE＆SCHWARZ
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 Radar Market
FMCW (Frequency Modulated Continuous Wave) Radar
Pulse Radar
Modulated Continuous Wave Radar
Transmitter
Receiver
Signal Processor
Antenna
Other Electronics
Adaptive Cruise Control
Collision Avoidance Systems
Blind Spot Detection
Parking Assistance
Traffic Jam Assistance
Vehicle-to-Vehicle Communication
Passenger Cars
Commercial Vehicles
Electric Vehicles
Heavy-Duty Trucks
Autonomous Vehicles
24-27 GHz Band
76-81 GHz Band
V-Band (57–64 GHz)
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 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 Radar Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Millimeter Wave Radar Market, By Type
6. Global Automotive Millimeter Wave Radar Market, By Application
7. Global Automotive Millimeter Wave Radar Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Automotive Millimeter Wave Radar Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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