60GHz mmWave Radar Market Size and Growth
The 60GHz mmWave Radar market is experiencing significant growth due to increasing demand for advanced sensing technologies in automotive and consumer electronics. The market size is projected to reach approximately $1.5 billion by 2028, driven by innovations in health monitoring, smart home devices, and enhanced communication systems. Competitive dynamics favor agile entrants.
Companies Covered
(Covid 19 Impact Covered)
◍ Infineon
◍ Texas Instruments
◍ Acconeer
◍ Socionext
◍ Calterah
The 60GHz mmWave Radar Market features companies like Infineon, Texas Instruments, Acconeer, Socionext, and Calterah, which drive innovation in automotive, consumer electronics, and industrial applications. Their advanced radar solutions enhance safety and functionality, fostering market growth. Sales revenues are substantial, with Texas Instruments reporting around $18 billion and Infineon over $10 billion.
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