60GHz Millimeter Wave Radar Chip Market was valued at 146 million in 2024 and is projected to reach US$ 714 million by 2032, at a CAGR of 25.7% during the forecast period
Report Studies
• The global 60GHz Millimeter Wave Radar Chip Market was valued at 146 million in 2024 and is projected to reach US$ 714 million by 2032, at a CAGR of 25.7% during the forecast period.
• 60GHz millimeter wave radar chips are advanced semiconductor devices operating in the high-frequency spectrum, enabling precise detection, ranging, and imaging capabilities. These chips integrate antennas, radio frequency circuits, and signal processing units, offering superior accuracy, low power consumption, and strong interference resistance. Their applications span automotive safety systems, smart home devices, and industrial automation, where reliable sensing is critical.
By Type:
• The market is segmented based on type into:
• Distance Measurement Chip
• Subtypes: Short-range, Medium-range, Long-range
• Speed Measurement Chip
• Angle Measurement Chip
• Other
• Subtypes: Multi-function chips, Specialty chips
By Application:
• The market is segmented based on application into:
• Automotive
• Subtypes: Passenger vehicles, Commercial vehicles
• Transportation
• Industrial Automation
• Healthcare
• Other
• Subtypes: Consumer electronics, Smart home devices
• Infineon Technologies (Germany)
• Texas Instruments (U.S.)
• Imec (Belgium)
• Dexin Intelligence (China)
• Acconeer (Sweden)
• Space Microelectronics (China)
• Zhenghe Microchip (China)
