According to our (Global Info Research) latest study, the global 24GHZ Millimeter Wave Radar Module market size was valued at US$ 1218 million in 2025 and is forecast to a readjusted size of US$ 1954 million by 2032 with a CAGR of 7.0% during review period.
A 24GHz millimeter-wave radar module is a radio frequency (RF) sensing module based on continuous wave or frequency-modulated continuous wave (FM) technology. It integrates RF transceiver front-end, antenna, signal processing, and interface circuitry for non-contact detection of the distance, velocity, angle, and presence status of target objects. It features strong resistance to light, dust, and smoke, and is widely used in automotive driver assistance systems, industrial automation, smart homes, vital sign monitoring, smart security, and personnel presence detection. In 2025, global sales of 24GHz millimeter-wave radar modules were approximately 185 million units, with an average unit price of approximately US$6.4 and a capacity utilization rate of approximately 81%. The upstream mainly consists of RF millimeter-wave chips, high-frequency PCBs and antenna substrates, RF front-end devices, power management chips, microcontrollers and signal processing chips, as well as packaging and testing service providers. The downstream includes automotive electronics Tier 1 suppliers, industrial automation equipment manufacturers, smart home and IoT terminal manufacturers, and security and smart building system integrators. The market also includes health monitoring and consumer electronics manufacturers. The industry's gross profit margin is approximately 34%. In terms of product cost structure, millimeter-wave RF chips account for about 28%, high-frequency PCBs and antennas about 18%, power and control chips about 10%, RF front-ends and passive components about 12%, structural components and shielding about 8%, testing and calibration about 9%, software algorithms and firmware about 7%, and logistics, management, and sales expenses about 8%. The demand list mainly includes ADAS short-range sensing, human presence and fall detection, industrial level and distance measurement, smart access control and automatic doors, and radar-sensing lighting and energy-saving control. Downstream customers include automotive electronics system providers, industrial automation equipment manufacturers, smart home brands, smart building system integrators, and medical and health monitoring equipment manufacturers. Business opportunities arise from the promotion of automotive safety regulations, smart building and energy-saving policies, the popularization of smart homes, increased integration and cost reduction of millimeter-wave chips, and changing consumer demands for more reliable, more privacy-protected, and lower-power sensing solutions.
This report is a detailed and comprehensive analysis for global 24GHZ Millimeter Wave Radar Module market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global 24GHZ Millimeter Wave Radar Module market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global 24GHZ Millimeter Wave Radar Module market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global 24GHZ Millimeter Wave Radar Module market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (US$/Unit), 2021-2032
Global 24GHZ Millimeter Wave Radar Module market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (US$/Unit), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for 24GHZ Millimeter Wave Radar Module
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global 24GHZ Millimeter Wave Radar Module market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Shenzhen CECport Technologies, Shanghai Fudan Microelectronics Group, Shenzhen Minew Technologies, TeraSilIC, RDA Tech, Possumic Technology, Hlktech, Chengdu Ebyte, Shenzhen Mwrange Intelligent, Ferry Smart, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
24GHZ Millimeter Wave Radar Module market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
One Transmitter and One Receiver Type
One Transmitter and Two Receivers Type
Other
Market segment by Accuracy
Accuracy: Below 0.2 m
Accuracy: Equal or Above 0.2 m
Market segment by Supply Voltage
Supply Voltage: Below 3 V
Supply Voltage: 3-5 V
Supply Voltage: Above 5 V
Market segment by Application
ADAS
Smart Home
Smart Elderly Care
Other
Major players covered
Shenzhen CECport Technologies
Shanghai Fudan Microelectronics Group
Shenzhen Minew Technologies
TeraSilIC
RDA Tech
Possumic Technology
Hlktech
Chengdu Ebyte
Shenzhen Mwrange Intelligent
Ferry Smart
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 24GHZ Millimeter Wave Radar Module product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of 24GHZ Millimeter Wave Radar Module, with price, sales quantity, revenue, and global market share of 24GHZ Millimeter Wave Radar Module from 2021 to 2026.
Chapter 3, the 24GHZ Millimeter Wave Radar Module competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the 24GHZ Millimeter Wave Radar Module breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
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 2021 to 2026.and 24GHZ Millimeter Wave Radar Module market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
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 24GHZ Millimeter Wave Radar Module.
Chapter 14 and 15, to describe 24GHZ Millimeter Wave Radar Module sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on 24GHZ Millimeter Wave Radar Module. Industry analysis & Market Report on 24GHZ Millimeter Wave Radar Module is a syndicated market report, published as Global 24GHZ Millimeter Wave Radar Module Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of 24GHZ Millimeter Wave Radar Module market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.