Global Millimeter-Wave Radar Market Analysis

1. Global Market Overview

The global millimeter-wave radar market is in a phase of rapid growth. Data from multiple industry research institutions indicate:

• According to Research and Markets, the global mmWave radar technology market was valued at approximately $12.1 billion** in 2025, projected to reach **$13.01 billion in 2026, and further grow to $26.2 billion by 2032, representing a CAGR of 11.66% from 2026 to 2032.

• 168Report estimates the 2025 global mmWave radar technology market at about $15.72 billion**, with a forecast of **$40.36 billion by 2032, at a CAGR of 14.6%.

• Other sources place the narrower “mmWave radar sensor” market at roughly $4.23 billion in 2025, up 18.7% from 2024.

Note: Discrepancies between figures arise from differing scopes – “mmWave radar technology” includes chips, modules, and system-level products, whereas “mmWave radar market” often refers only to end‑user sensor devices.

Regional share (2025):

• Asia‑Pacific – largest consumer market, ~45% of global consumption.

• North America – ~28%.

• Europe – ~20%.

• Other regions – ~7%.
  Separate reports indicate that North America and Europe together account for 58% of the global market.

2. North America: Mature and Policy‑Driven

Market Size & Share

• North America is a key region for mmWave radar technology.

• In the automotive ADAS radar segment, North America held ~35.2% of global revenue share in 2025, representing about $3.03 billion.

• In the automotive mmWave radar IC market, North America accounted for 30–34% of the global total in 2025.

• The United States dominates the region, contributing 70–82% of North American demand.

Growth Trends

• Growth is relatively stable but from a large base.

• Automotive mmWave radar ICs are projected to grow at a CAGR of 7.1–7.6% from 2026 to 2034.

• Faster‑growing segments such as 4D imaging radar reached ~1.2 million units produced in North America in 2025.

• The broader mmWave radar chip market in North America was valued at ~$7.9 billion in 2025.

Key Drivers

1. Mandatory AEB Regulation – The U.S. NHTSA finalised its automatic emergency braking (AEB) mandate in mid‑2024, requiring all passenger cars and light trucks to be equipped with AEB by the 2029 model year. This is expected to generate incremental demand for over 40 million radar sensors annually.

2. High Consumer Preference – Over 68% of new‑car buyers in 2025 (J.D. Power survey) consider AEB and adaptive cruise control as “must‑have” features.

3. Autonomous Driving Deployments – Large‑scale rollouts by Tesla, Waymo, and others continue to drive mmWave radar shipments.

3. Europe: Twin Engines of Industry 4.0 and Automotive Certification

Market Size & Share

• Europe is one of the world’s largest mmWave radar markets.

• In automotive mmWave radar, Europe holds the largest global share (~38%) and is also the largest production region (~37% of global output).

• In automotive mmWave radar ICs, Europe accounted for 25–29% of the global market in 2025.

Growth Trends

• Europe’s growth rate is slightly higher than North America’s.

• The mmWave radar chip market in Europe grew by nearly 26% in 2025.

• Automotive mmWave radar ICs are projected to grow at a CAGR of 6.9–7.4% from 2026 to 2034.

• Germany, France, the UK, Italy, and Spain are the leading demand centres.

Key Drivers

1. EU GSR Regulation – The EU General Safety Regulation, fully effective from mid‑2024, mandates that all newly type‑approved passenger cars and light commercial vehicles must be equipped with AEB, lane‑departure warning, and driver drowsiness alert systems – creating a structural demand base for mmWave radar.

2. Industry 4.0 & Intelligent Transport – Continued investment in industrial automation and smart transport infrastructure boosts non‑automotive applications.

3. Leading Certification Standards – Europe maintains global leadership in automotive‑grade radar certification and testing, with Euro NCAP continuously pushing technological upgrades.

4. Southeast Asia: A High‑Growth Emerging Market

Market Size & Penetration

• Southeast Asia is one of the fastest‑growing mmWave radar regions globally.

• In 2025, the penetration rate of mmWave automotive radar modules in new ASEAN vehicles jumped to 31%.

• The Southeast Asian connected‑vehicle system market exceeded $4.72 billion** in 2025, up **18.6%** year‑on‑year; within this, the automotive sensor market reached **$680 million, with mmWave radar growing at an impressive 31.5%.

• Chinese‑exported integrated fusion modules now account for 19% of the Southeast Asian market share.

Growth Trends

• The market is on a steep upward trajectory.

• In the ADAS segment, the combination of mmWave radar + single camera has become mainstream in A‑segment and commercial vehicles, accounting for 63% of total shipments in 2025.

• Southeast Asia is also identified as a key competitive region for the global 60GHz mmWave radar market.

Key Drivers

1. Rapid EV & Smart‑Vehicle Transition – Countries such as Thailand, Vietnam, Indonesia, and the Philippines are accelerating automotive intelligence, driving ADAS penetration in new vehicles.

2. Chinese Supply Chain Spillover – Chinese mmWave radar companies are actively expanding into Southeast Asia, developing locally tailored products that lower costs and accelerate adoption.

3. Smart City & Infrastructure Investment – Growing infrastructure and smart‑city projects create new demand for mmWave radar in traffic monitoring, security, and other applications.

5. Regional Comparison Summary

Overall Outlook

• North America and Europe collectively hold the dominant share of the global mmWave radar market, benefiting from mature regulatory frameworks and advanced automotive industries. Their growth remains steady but is gradually decelerating.

• Southeast Asia, driven by automotive industry upgrades, Chinese supply chain spillover, and smart‑city investments, stands out as the region with the strongest growth potential.

• In the coming years, incremental global demand will increasingly come from emerging Asia‑Pacific markets, while North America and Europe will continue to lead in high‑end technology development and standard‑setting.