24GHz Radar Chip Market, Global Outlook and Forecast 2025-2032

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24GHz Radar Chip Market, Global Outlook and Forecast 2025-2032

The global 24GHz Radar Chip Market was valued at 14.9 million in 2023 and is projected to reach US$ 61.9 million by 2030, at a CAGR of 23.1% during the forecast period.

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24GHz Radar Chip Market Overview

A 24GHz radar chip is a semiconductor device designed to operate at a frequency of 24 gigahertz. It is widely used in:

Automotive radar systems

Industrial sensors

Traffic monitoring

Short-range radar applications

These chips transmit and receive electromagnetic signals at 24GHz to detect objects, measure distances, and provide critical sensing data for a variety of applications.

We have surveyed the 24GHz Radar Chip manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risksThis report aims to provide a comprehensive presentation of the global market for 24GHz Radar Chip, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding 24GHz Radar Chip. This report contains market size and forecasts of 24GHz Radar Chip in global, including the following market information:

Global 24GHz Radar Chip market revenue, 2019-2024, 2025-2030, ($ millions)

Global 24GHz Radar Chip market sales, 2019-2024, 2025-2030, (K Units)

Global top five 24GHz Radar Chip companies in 2023 (%)

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24GHz Radar Chip Key Market Trends  :

Growing Automotive Integration24GHz radar chips are increasingly integrated into vehicles for features like collision warning, blind-spot detection, and automated parking assistance.

Expansion into Industrial AutomationThe use of 24GHz radar technology is rapidly expanding into warehouse logistics, robotics, and manufacturing for object detection and motion sensing.

Smart City DeploymentsRadar chips are playing a major role in traffic monitoring, pedestrian detection, and urban surveillance systems within smart city projects.

IoT and Edge Computing Integration24GHz radar chips are being embedded in IoT devices and edge platforms to enable real-time sensing, analytics, and smart decision-making.

Focus on Cost-Effective Radar SolutionsThe market is favoring affordable 24GHz radar chips that deliver reliable short- to medium-range detection for mass-market applications.

Total Market by Segment:

Global 24GHz Radar Chip market, by Type, 2019-2024, 2025-2030 ($ millions) & (K Units)Global 24GHz Radar Chip market segment percentages, by Type, 2023 (%)

1D

2D

Global 24GHz Radar Chip market, by Application, 2019-2024, 2025-2030 ($ Millions) & (K Units)Global 24GHz Radar Chip market segment percentages, by Application, 2023 (%)

Automotive

IoT

Others

Further, the report presents profiles of competitors in the market, key players include:

Infineon

Socionext

Key Market Drivers

Automotive Safety FeaturesThe growing demand for advanced driver assistance systems (ADAS) such as collision avoidance, parking assistance, and lane-change support is driving the adoption of 24GHz radar chips.

Cost-Effectiveness Compared to Higher-Frequency Radars24GHz radar chips offer a more affordable solution for manufacturers looking to equip vehicles and industrial systems with reliable sensing capabilities.

Environmental ResilienceThese radar chips maintain strong performance in harsh weather conditions like rain, fog, and snow, making them ideal for safety-critical applications.

FAQs

Q1. What are the key driving factors and opportunities in the 24GHz Radar Chip market?

A1. The key drivers include increasing automotive safety applications, cost-effective radar solutions, and industrial automation. Opportunities lie in smart city projects, IoT integration, and autonomous systems development.

Q2. Which region is projected to have the largest market share?

A2. Asia-Pacific is expected to dominate the 24GHz Radar Chip market, driven by high automotive production, industrial automation, and smart city initiatives.

Q3. Who are the top players in the global 24GHz Radar Chip market?

A3. Leading companies include Texas Instruments, Infineon Technologies, NXP Semiconductors, STMicroelectronics, and Analog Devices.

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About Semiconductor Insight:

Established in 2016, Semiconductor Insight specializes in providing comprehensive semiconductor industry research and analysis to support businesses in making well-informed decisions within this dynamic and fast-paced sector. From the beginning, we have been committed to delivering in-depth semiconductor market research, identifying key trends, opportunities, and challenges shaping the global semiconductor industry.

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