In the intricate realm of technology, the 60GHz mmWave Radar has emerged as a groundbreaking solution, dictating the pace of innovation. This radar system, operating at the millimeter wave frequency of 60GHz, is on a trajectory of substantial growth. Valued at US$ 32.96 million in 2023, the 60GHz mmWave Radar market is poised to soar to new heights, reaching an estimated US$ 286.57 million by 2030. This impressive ascent reflects a remarkable Compound Annual Growth Rate (CAGR) of 36.2% during the forecast period from 2023 to 2030.
At its core, 60GHz mmWave Radar is a radar system hinging on millimeter wave technology, specifically designed to operate at the frequency of 60GHz. This advanced system emits electromagnetic wave signals, which, upon encountering objects in their path, are reflected. By capturing these reflected signals, the radar system unveils crucial information such as the distance, velocity, and angle of objects, thus enabling a spectrum of applications.
Market Dynamics
The driving force behind the exponential growth of the 60GHz mmWave Radar market is its widespread applications across diverse industries. The surge in demand is particularly pronounced in Building Automation, Factory Automation, Personal Electronics, and other sectors. Within this dynamic landscape, the 2D segment stands out, projected to achieve a remarkable % CAGR and reach a valuation of US$ million by the end of the analysis period. Simultaneously, the 3D segment anticipates a robust % CAGR over the next seven years, underlining the evolving nature of this technology.
Industry Giants and Global Dominance
In the competitive arena, Infineon emerges as the behemoth, holding the title of the largest manufacturer of 60GHz mmWave Radar globally, boasting an impressive 34% market share. Other key players, including Texas Instruments and Acconeer, contribute to the industry’s dynamism. Geographically, Europe takes the lead, commanding a substantial 54% share of global production, with North America also playing a pivotal role as an important production region.
Product Insights
Dimensions Matter: 2D vs. 3D
In terms of product types, the 2D segment steals the spotlight, commanding a dominant share of approximately 63%. This underscores the prevalent preference for two-dimensional radar applications. Moreover, in the realm of product applications, Building Automation takes the lead with a substantial 57% market share, followed by Factory Automation and Personal Electronics, revealing the diverse utility of 60GHz mmWave Radar.
Report Objectives
This comprehensive report aims to provide invaluable insights into the 60GHz mmWave Radar market across various dimensions.
1. Global Market Size and Forecasts
Delving into growth rates, market dynamics, industry structure, and developments, the report seeks to present a holistic view of the market’s current situation and future trends.
2. Global Market Share and Ranking by Company
The report meticulously details the global 60GHz mmWave Radar market share and ranking of key players, offering a glimpse into their competitive positioning within the 60GHz mmWave Radar landscape.
3. Detailed Segmentation and Analysis
A crucial aspect of the report involves providing a detailed segmentation of the global market for 60GHz mmWave Radar, combining quantitative and qualitative analyses to offer a nuanced understanding.
4. Value Chain Analysis
The report conducts a meticulous value chain analysis, reviewing growth factors essential for both existing market players and new entrants, thereby unraveling the intricacies of the industry.
5. Emerging Opportunities and Future Impact
Anticipating future trends, the report explores emerging opportunities in the market and assesses the potential impact of major drivers and restraints on market dynamics.
Key Features of The Study
1. Market Size and Forecast
The report unfolds a detailed analysis of the global 60GHz mmWave Radar market, presenting market size in US$ million and CAGR projections for the forecast period (2023-2029), with 2022 serving as the base year.
2. Company Profiles
Profiles of key players, including Infineon, Texas Instruments, Acconeer, Socionext, and Calterah, provide insights into their founding details, headquarters, manufacturing bases, product portfolios, sales data, market share, and ranking.
3. Market Opportunities
Unraveling potential market opportunities across different segments, the report elucidates attractive investment proposition matrices for the 60GHz mmWave Radar market.
4. Market Insights
The report presents key insights into market drivers, restraints, opportunities, trends, and regional outlook, contributing to a comprehensive understanding of the 60GHz mmWave Radar landscape.
Market Segmentation
Company Profiles
- Infineon
- Texas Instruments
- Acconeer
- Socionext
- Calterah
Global 60GHz mmWave Radar Market, by Region
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, UK, Italy, etc.)
- Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
- South America (Brazil, etc.)
- Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global 60GHz mmWave Radar Market, Segment by Type
- 2D
- 3D
Global 60GHz mmWave Radar Market, by Application
- Building Automation
- Factory Automation
- Personal Electronics
- Others
Core Chapters
1. Introduction and Executive Summary
This chapter introduces the study scope, providing an executive summary of market segments by Type and market size segments for North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
2. Competitive Landscape
A detailed analysis of 60GHz mmWave Radar manufacturers, encompassing competitive landscape, pricing, sales, revenue, market share, ranking, and the latest developments, including mergers and acquisitions.
3. Regional Analysis
Analyzing sales and revenue of 60GHz mmWave Radar on a regional level, this chapter offers a quantitative analysis of market size and development potential for each region. It introduces future development prospects and market space globally.
4. Market Segments by Application
Introducing market segments by Application, this chapter details market size segments for North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
5-9. Regional Sales and Revenue
Detailed sales and revenue analysis by country for North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
10. Company Profiles
This chapter provides detailed profiles of key players, offering insights into their product sales, revenue, pricing, gross margin, product introduction, recent development, and more.
11. Industrial Chain Analysis
An in-depth analysis of the industrial chain, encompassing key raw materials, manufacturing cost, and market dynamics. It introduces the market dynamics, latest developments, driving factors, restrictive factors, challenges, risks, and relevant industry
Table of Content
Chapter 1: 60GHz mmWave Radar Market Overview
1.1 60GHz mmWave Radar Product Overview
1.2 60GHz mmWave Radar Market Segment by Type
1.2.1 2D
1.2.2 3D
1.3 Global 60GHz mmWave Radar Market Size by Type
1.3.1 Global 60GHz mmWave Radar Market Size Overview by Type (2018-2029)
1.3.2 Global 60GHz mmWave Radar Historic Market Size Review by Type (2018-2023)
1.3.3 Global 60GHz mmWave Radar Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America 60GHz mmWave Radar Sales Breakdown by Type (2018-2023)
1.4.2 Europe 60GHz mmWave Radar Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific 60GHz mmWave Radar Sales Breakdown by Type (2018-2023)
1.4.4 Latin America 60GHz mmWave Radar Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa 60GHz mmWave Radar Sales Breakdown by Type (2018-2023)
Chapter 2: Global 60GHz mmWave Radar Market Competition by Company
2.1 Global Top Players by 60GHz mmWave Radar Sales (2018-2023)
2.2 Global Top Players by 60GHz mmWave Radar Revenue (2018-2023)
2.3 Global Top Players by 60GHz mmWave Radar Price (2018-2023)
2.4 Global Top Manufacturers 60GHz mmWave Radar Manufacturing Base Distribution, Sales Area, Product Type
2.5 60GHz mmWave Radar Market Competitive Situation and Trends
2.5.1 60GHz mmWave Radar Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by 60GHz mmWave Radar Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in 60GHz mmWave Radar as of 2022)
2.7 Date of Key Manufacturers Enter into 60GHz mmWave Radar Market
2.8 Key Manufacturers 60GHz mmWave Radar Product Offered
2.9 Mergers & Acquisitions, Expansion
Chapter 3: 60GHz mmWave Radar Status and Outlook by Region
3.1 Global 60GHz mmWave Radar Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global 60GHz mmWave Radar Historic Market Size by Region
3.2.1 Global 60GHz mmWave Radar Sales in Volume by Region (2018-2023)
3.2.2 Global 60GHz mmWave Radar Sales in Value by Region (2018-2023)
3.2.3 Global 60GHz mmWave Radar Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global 60GHz mmWave Radar Forecasted Market Size by Region
3.3.1 Global 60GHz mmWave Radar Sales in Volume by Region (2024-2029)
3.3.2 Global 60GHz mmWave Radar Sales in Value by Region (2024-2029)
3.3.3 Global 60GHz mmWave Radar Sales (Volume & Value), Price and Gross Margin (2024-2029)
Chapter 4: Global 60GHz mmWave Radar by Application
4.1 60GHz mmWave Radar Market Segment by Application
4.1.1 Building Automation
4.1.2 Factory Automation
4.1.3 Personal Electronics
4.1.4 Others
4.2 Global 60GHz mmWave Radar Market Size by Application
4.2.1 Global 60GHz mmWave Radar Market Size Overview by Application (2018-2029)
4.2.2 Global 60GHz mmWave Radar Historic Market Size Review by Application (2018-2023)
4.2.3 Global 60GHz mmWave Radar Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America 60GHz mmWave Radar Sales Breakdown by Application (2018-2023)
4.3.2 Europe 60GHz mmWave Radar Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific 60GHz mmWave Radar Sales Breakdown by Application (2018-2023)
4.3.4 Latin America 60GHz mmWave Radar Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa 60GHz mmWave Radar Sales Breakdown by Application (2018-2023)
Chapter 5: North America 60GHz mmWave Radar by Country
5.1 North America 60GHz mmWave Radar Historic Market Size by Country
5.1.1 North America 60GHz mmWave Radar Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America 60GHz mmWave Radar Sales in Volume by Country (2018-2023)
5.1.3 North America 60GHz mmWave Radar Sales in Value by Country (2018-2023)
5.2 North America 60GHz mmWave Radar Forecasted Market Size by Country
5.2.1 North America 60GHz mmWave Radar Sales in Volume by Country (2024-2029)
5.2.2 North America 60GHz mmWave Radar Sales in Value by Country (2024-2029)
Chapter 6: Europe 60GHz mmWave Radar by Country
6.1 Europe 60GHz mmWave Radar Historic Market Size by Country
6.1.1 Europe 60GHz mmWave Radar Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe 60GHz mmWave Radar Sales in Volume by Country (2018-2023)
6.1.3 Europe 60GHz mmWave Radar Sales in Value by Country (2018-2023)
6.2 Europe 60GHz mmWave Radar Forecasted Market Size by Country
6.2.1 Europe 60GHz mmWave Radar Sales in Volume by Country (2024-2029)
6.2.2 Europe 60GHz mmWave Radar Sales in Value by Country (2024-2029)
Chapter 7 Asia-Pacific 60GHz mmWave Radar by Region
7.1 Asia-Pacific 60GHz mmWave Radar Historic Market Size by Region
7.1.1 Asia-Pacific 60GHz mmWave Radar Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific 60GHz mmWave Radar Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific 60GHz mmWave Radar Sales in Value by Region (2018-2023)
7.2 Asia-Pacific 60GHz mmWave Radar Forecasted Market Size by Region
7.2.1 Asia-Pacific 60GHz mmWave Radar Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific 60GHz mmWave Radar Sales in Value by Region (2024-2029)
Chapter 8: Latin America 60GHz mmWave Radar by Country
8.1 Latin America 60GHz mmWave Radar Historic Market Size by Country
8.1.1 Latin America 60GHz mmWave Radar Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America 60GHz mmWave Radar Sales in Volume by Country (2018-2023)
8.1.3 Latin America 60GHz mmWave Radar Sales in Value by Country (2018-2023)
8.2 Latin America 60GHz mmWave Radar Forecasted Market Size by Country
8.2.1 Latin America 60GHz mmWave Radar Sales in Volume by Country (2024-2029)
8.2.2 Latin America 60GHz mmWave Radar Sales in Value by Country (2024-2029)
Chapter 9: Middle East and Africa 60GHz mmWave Radar by Country
9.1 Middle East and Africa 60GHz mmWave Radar Historic Market Size by Country
9.1.1 Middle East and Africa 60GHz mmWave Radar Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa 60GHz mmWave Radar Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa 60GHz mmWave Radar Sales in Value by Country (2018-2023)
9.2 Middle East and Africa 60GHz mmWave Radar Forecasted Market Size by Country
9.2.1 Middle East and Africa 60GHz mmWave Radar Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa 60GHz mmWave Radar Sales in Value by Country (2024-2029)
Chapter 10: Company Profiles
10.1 Infineon
10.1.1 Infineon Company Information
10.1.2 Infineon Introduction and Business Overview
10.1.3 Infineon 60GHz mmWave Radar Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Infineon 60GHz mmWave Radar Products Offered
10.1.5 Infineon Recent Development
10.2 Texas Instruments
10.2.1 Texas Instruments Company Information
10.2.2 Texas Instruments Introduction and Business Overview
10.2.3 Texas Instruments 60GHz mmWave Radar Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Texas Instruments 60GHz mmWave Radar Products Offered
10.2.5 Texas Instruments Recent Development
10.3 Acconeer
10.3.1 Acconeer Company Information
10.3.2 Acconeer Introduction and Business Overview
10.3.3 Acconeer 60GHz mmWave Radar Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Acconeer 60GHz mmWave Radar Products Offered
10.3.5 Acconeer Recent Development
10.4 Socionext
10.4.1 Socionext Company Information
10.4.2 Socionext Introduction and Business Overview
10.4.3 Socionext 60GHz mmWave Radar Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Socionext 60GHz mmWave Radar Products Offered
10.4.5 Socionext Recent Development
10.5 Calterah
10.5.1 Calterah Company Information
10.5.2 Calterah Introduction and Business Overview
10.5.3 Calterah 60GHz mmWave Radar Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Calterah 60GHz mmWave Radar Products Offered
10.5.5 Calterah Recent Development
Chapter 11: Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 60GHz mmWave Radar Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 60GHz mmWave Radar Industrial Chain Analysis
11.4 60GHz mmWave Radar Market Dynamics
11.4.1 60GHz mmWave Radar Industry Trends
11.4.2 60GHz mmWave Radar Market Drivers
11.4.3 60GHz mmWave Radar Market Challenges
11.4.4 60GHz mmWave Radar Market Restraints
Chapter 12: Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 60GHz mmWave Radar Distributors
12.3 60GHz mmWave Radar Downstream Customers
Chapter 13: Research Findings and Conclusion
Chapter 14: Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
Global 60GHz mmWave Radar market, Segment by Type:
2D
3D
Global 60GHz mmWave Radar market, by Application
Building Automation
Factory Automation
Personal Electronics
Others
