Global Millimeter Wave Radar Sensor Chipset Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

According to our (Global Info Research) latest study, the global Millimeter Wave Radar Sensor Chipset market size was valued at USD 529.2 million in 2023 and is forecast to a readjusted size of USD 1353.3 million by 2030 with a CAGR of 14.4% during review period.

A millimeter-wave (mmWave) radar sensor chipset is a collection of integrated circuits (ICs) and components designed to enable the functionality of millimeter-wave radar sensors. These radar sensors operate in the millimeter-wave frequency range, typically around 24 GHz to 100 GHz, and are used in a wide range of applications, including automotive safety systems, industrial automation, robotics, security, and more.

The global market for semiconductor was estimated at US$ 579 billion in the year 2022, is projected to US$ 790 billion by 2029, growing at a CAGR of 6% during the forecast period. Although some major categories are still double-digit year-over-year growth in 2022, led by Analog with 20.76%, Sensor with 16.31%, and Logic with 14.46% growth, Memory declined with 12.64% year over year. The microprocessor (MPU) and microcontroller (MCU) segments will experience stagnant growth due to weak shipments and investment in notebooks, computers, and standard desktops. In the current market scenario, the growing popularity of IoT-based electronics is stimulating the need for powerful processors and controllers. Hybrid MPUs and MCUs provide real-time embedded processing and control for the topmost IoT-based applications, resulting in significant market growth. The Analog IC segment is expected to grow gradually, while demand from the networking and communications industries is limited. Few of the emerging trends in the growing demand for Analog integrated circuits include signal conversion, automotive-specific Analog applications, and power management. They drive the growing demand for discrete power devices.

The Global Info Research report includes an overview of the development of the Millimeter Wave Radar Sensor Chipset industry chain, the market status of Automotive (Band Between 30 GHz And 57 GHz, Band Between 57 GHz And 96 GHz), Machine Vision (Band Between 30 GHz And 57 GHz, Band Between 57 GHz And 96 GHz), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Millimeter Wave Radar Sensor Chipset.

Regionally, the report analyzes the Millimeter Wave Radar Sensor Chipset markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Millimeter Wave Radar Sensor Chipset market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Millimeter Wave Radar Sensor Chipset market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Millimeter Wave Radar Sensor Chipset industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type (e.g., Band Between 30 GHz And 57 GHz, Band Between 57 GHz And 96 GHz).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Millimeter Wave Radar Sensor Chipset market.

Regional Analysis: The report involves examining the Millimeter Wave Radar Sensor Chipset market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Millimeter Wave Radar Sensor Chipset market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Millimeter Wave Radar Sensor Chipset:

Company Analysis: Report covers individual Millimeter Wave Radar Sensor Chipset manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Millimeter Wave Radar Sensor Chipset This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Automotive, Machine Vision).

Technology Analysis: Report covers specific technologies relevant to Millimeter Wave Radar Sensor Chipset. It assesses the current state, advancements, and potential future developments in Millimeter Wave Radar Sensor Chipset areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Millimeter Wave Radar Sensor Chipset market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Millimeter Wave Radar Sensor Chipset market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

Market segment by Type
Band Between 30 GHz And 57 GHz
Band Between 57 GHz And 96 GHz
Band Between 96 GHz And 300 GHz

Market segment by Application
Automotive
Machine Vision
Security and Surveillance
Building Automation
Others

Major players covered
Texas Instruments
Infineon Technologies
Mistral
ifLabel
Analog Devices
MediaTek

Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Millimeter Wave Radar Sensor Chipset product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Millimeter Wave Radar Sensor Chipset, with price, sales, revenue and global market share of Millimeter Wave Radar Sensor Chipset from 2019 to 2024.

Chapter 3, the Millimeter Wave Radar Sensor Chipset competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Millimeter Wave Radar Sensor Chipset breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Millimeter Wave Radar Sensor Chipset market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Millimeter Wave Radar Sensor Chipset.

Chapter 14 and 15, to describe Millimeter Wave Radar Sensor Chipset sales channel, distributors, customers, research findings and conclusion.