mmWave Sensors Modules Market Analysis

Global mmWave Sensors and Modules Market Overview:

mmWave Sensors and Modules Market Size was valued at USD 0.19 Billion in 2023. The mmWave Sensors and Modules industry is projected to grow from USD 0.25 Billion in 2024 to USD 1.9  Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 28.67% during the forecast period (2024 - 2032). Increased demand for high-speed data in mobile phones, the proliferation of mmWave in consumer electronics, and rising demand for millimeter wave technology in radar and security applications are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

mmWave Sensors and Modules Market Trends

• Growing demand for high-speed data in mobile phones is driving the market growth

Market CAGR for mmWave is driven by the rising high-speed data in mobile phones and mobile broadband, as are the demands for high-definition gaming, high-definition multimedia, and over-the-top (OTT) services. High-bandwidth, high-speed internet is required across the telecom sector due to the steadily increasing demand from bandwidth-intensive applications, notably those resulting from consumer electronics devices like smartphones and wearable electronics. High-speed online gaming, video streaming, video conferencing, media sharing over the internet, and other data-intensive services are anticipated to increase the need for high bandwidth, increasing the demand for mmWave sensors and modules. Module usage in low visibility and extreme weather conditions, such as smoke, fog, rain, and thunderstorms, is also rising.

Additionally, the adoption of technology in the field of automotive radar applications, the development of fifth-generation technology due to the need for higher bandwidth, the rise in internet-driven applications and solutions, and the rapidly expanding use of automotive long-range radar (LRR), advanced avionics navigation systems, and instrument landing systems (ILS) are some of the major and crucial factors that likely to augment the growth of the millimeter wave (mmWave) sensor. The market for millimeter wave (mmWave) sensors and modules will expand in the projected period due to rising government investment levels and numbers of R & D activities, which will further contribute by generating enormous opportunities. Thus, driving the mmWave Sensors and Modules market revenue.

MmWave Sensors and Modules Market Segment Insights:

MmWave Sensors and Modules Frequency Band Insights

The mmWave Sensors and Modules Market segmentation, based on type, includes Bands Between 30GHz and 57GHz, Bands Between 57GHz and 96GHz, and Bands Between 96GHz and 300GHz. The bands between 57GHz and 96GHz segments dominated the market, accounting for the maximum market revenue due to their use in telecommunications equipment.

The 30GHz and 57GHz are anticipated to be the fastest-growing segment in the projected period. The millimeter waves of 30GHz and 57GHz, are particularly utilized in military and defense applications. Radar and satellite communications both make heavy use of 30GHz and 57GHz.

Figure 1: mmWave Sensors and Modules Market, by Frequency Band, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

MmWave Sensors and Modules Distribution channel Insights

The mmWave Sensors and Modules Market segmentation, based on application, includes IT & telecommunication, automotive & aerospace, healthcare, consumer & commercial, government & defense, and transportation. The telecommunication category generated the most income due to the increased need for high-speed data transfer and communication from the residential and commercial sectors, such as data centers and IT offices.

The military and defense segment is anticipated to be the fastest-growing segment in the projected period due to the growing use of mmWave modules and sensors in various military and defense applications. The mmWave scanners are highly sought after and are being used by airport authorities across the world.

MmWave Sensors and Modules Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American mmWave Sensors and Modules market area will dominate this market, owing to the larger acceptance of technology. In addition, the growing demand for radar and security applications will boost the market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: mmWave Sensors and Modules Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe mmWave Sensors and Modules market accounts for the second-largest share due to the growing upgradation in the telecom infrastructure. Further, the German mmWave Sensors and Modules market held the largest market share, and the UK mmWave Sensors and Modules market was the fastest-growing market in the European region.

The Asia-Pacific MmWave Sensors and Modules Market are expected to grow at the fastest CAGR from 2024 to 2032 due to rapid technology and upgradation in telecom infrastructure upgrades. Moreover, China’s mmWave Sensors and Modules market held the largest market share, and the Indian mmWave Sensors and Modules market was the fastest-growing market in the Asia-Pacific region.

MmWave Sensors and Modules Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the mmWave Sensors and Modules market, grow even more. Market participants are also undertaking several strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the mmWave Sensors and Modules industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global mmWave Sensors and Modules industry to benefit clients and increase the market sector. In recent years, the mmWave Sensors and Modules industry has offered some of the most significant advantages to the military and defense. Major players in the mmWave Sensors and Modules market, including Texas Instruments, Mistral Solutions Pvt. Ltd., Qualcomm Inc., Keysight Technologies, Radio Gigabit Inc., Virginia Diodes, MediaTek Inc., NOVELIC LLC, Pulsar Process Management Ltd., Infineon Technologies AG, and others, are attempting to increase market demand by investing in research and development operations.

SMK is well-connected, a master of many trades, and a switch-hitter in electronics. The 1929-founded company produces a range of electronic parts, including connectors, power supplies, switches, jacks and plugs, and terminals. The company also produces input devices for computers and appliances, such as keyboards, control panels, touch screens, and remote controls. Almost 75% of SMK’s revenue comes from audio-visual and communication goods. Other producers of industrial items and electronics are among its clients. Although roughly 80% of SMK’s profits come from Japan and Asia, the company has manufacturing facilities and sales offices across 20 nations. For Example: In January 2023, A new Milweb TM mmWave sensor technology and solution were released by SMK Electronics Corporation. The Milweb Wave Sensor uses the company’s unique algorithms to distinguish objects, surfaces, approaching terrain, and even, up close, a person’s pulse rate and respiration. This adaptable new sensor technology has uses in constructing automobiles, healthcare products, and safety equipment.

FASTWEB S.p.A. is an Italian telecommunications organization that offers fixed and mobile telephony, IPTV services, and broadband Internet. One of the well-known organizations in Italy offering FTTH connections is Fastweb. Swisscom AG, a Swiss telecommunications corporation, owns all of Fastweb. Organizations contribute to the country's digitization with digital solutions and ultra-broadband networks to improve the quality of life. Organizations ensure data protection and maximum transparency. Organizations provide everyone with the most suitable training tools to participate in the digital revolution and seize opportunities. Its work environment is dynamic and inclusive. For Instance: one of Italy's biggest telecom providers, Qualcomm Technologies, Inc., announced plans to market fixed wireless access (FWA) 5G standalone (SA) mmWave on the Qualcomm 5G mobile broadband wireless access platform Gen2. By the end of 2025, the coordinated efforts should enable Fastweb to quickly expand the coverage of its FWA installations and contribute to bringing the full benefits of 5G to almost twelve million households and businesses in Italy.

Key Companies in the mmWave Sensors and Modules market include

• 
  

  Texas Instruments

  
  


• 
  

  Mistral Solutions Pvt. Ltd.

  
  


• 
  

  Qualcomm Inc.

  
  


• 
  

  Keysight Technologies

  
  


• 
  

  Radio Gigabit Inc.

  
  


• 
  

  Virginia Diodes

  
  


• 
  

  MediaTek Inc.

  
  


• 
  

  NOVELIC LLC

  
  


• 
  

  Pulsar Process Management Ltd.

  
  


• 
  

  Infineon Technologies AG

  
  

MmWave Sensors and Modules Industry Developments

February 2024, Sivers Semiconductors AB announced its state-of-the-art low-cost BFM02803 RF module for FWA applications that covers the 5G FR2 mmWave bands N257, N258 and N261 (24.25GHz to 29.5 GHz). The 5G mmWave module — launched at Mobile World Congress 2024 — is optimized for high-performance, high-power Fixed Wireless Access (FWA) applications and meets requirements for large-scale manufacturing of FWA products. It’s designed to interface with leading baseband modems and allows manufacturers to differentiate their 28 GHz FWA products.

February 2024, Sivers Semiconductors AB (STO: SIVE) announced a new cheap Radio Frequency (RF) Mode – BFM02803, which is supposed to be a state-of-the-art product in this field; it operates in the frequency range from 24.25 GHz up to 29.5 GHz covering all necessary n257, n258, n261 bands for millimeter-wave system used by fifth-generation mobile networks or so-called “5G”. It was shown at the Mobile World Congress in Barcelona this year! This small device can be used as a transmitter or receiver, but even more importantly, it can work simultaneously in both ways! That means you do not need two separate devices if you want to establish a wireless connection between two points; one will be enough – just set them opposite each other and let magic happen…The manufacturer claims that it has been optimized for fixed wireless access systems working at high power levels over long distances, so they are the perfect solution for internet service providers who have customers living far away from their main offices because these modules are able to cover huge areas without any signal degradation due atmospheric conditions such as rain, snow, etc.

October 2022: Movandi, a leader in new 5G RF and millimeter-wave software and technologies, teamed up with Rakuten Mobile to leverage its intelligent repeater and BeamXR Open-RAN technology to boost the availability and bandwidth of 5G outdoor and interior millimeter wave networks in Japan.

August 2022: A contract for the design and development of 5G millimeter wave fixed wireless access (FPA) customer premises equipment (CPE) by HFCL Limited and Qualcomm Technologies, Inc. was signed. As part of its ongoing efforts to create 5G solutions, HFCL has begun work on 5G mmWave FWA CPE products for the Indian and international markets.

February 2022, pSemi Corp expanded its millimeter wave (mmWave) radio frequency front-end (RFFE) range for 5G wireless infrastructure applications. The new products are pin-to-pin compatible, comprising three beamforming ICs and two up-down converters, enabling interchangeability of ICs for full intermediate frequency (IF) to radio frequency (RF) coverage across the n257, n258, and n260 bands. This modular approach, combined with digital correction and on-chip calibration, simplifies design cycles for system teams that need to quickly adapt to different active antenna design configurations. It can be used as discrete RFIC or as part of the Murata 28 GHz antenna-integrated module; this wide range provides better performance, reliability, and integration in smaller form factor integrated circuits.

MmWave Sensors and Modules Market Segmentation:

MmWave Sensors and Modules Frequency Band Outlook

• 
  

  Band Between 30GHz and 57 GHz

  
  


• 
  

  Band Between 57 GHz and 96 GHz

  
  


• 
  

  Band Between 96 GHz and 300 GHz

  
  

MmWave Sensors and Modules Application Outlook

• 
  

  IT & Telecommunication

  
  


• 
  

  Automotive & Aerospace

  
  


• 
  

  Healthcare

  
  


• 
  

  Consumer & Commercial

  
  


• 
  

  Government & Defense

  
  


• 
  

  Transportation

  
  

MmWave Sensors and Modules Regional Outlook

• 
  

  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  

• 
  

  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  

• 
  

  Asia-Pacific

  
  
  
  
  • 
    

    China

    
    
  
  
  • 
    

    Japan

    
    
  
  
  • 
    

    India

    
    
  
  
  • 
    

    Australia

    
    
  
  
  • 
    

    South Korea

    
    
  
  
  • 
    

    Australia

    
    
  
  
  • 
    

    Rest of Asia-Pacific

    
    
  
  
  
  


• 
  

  Rest of the World

  
  
  
  
  • 
    

    Middle East

    
    
  
  
  • 
    

    Africa

    
    
  
  
  • 
    

    Latin America