Millimeter Wave Sensors and Modules Market size is estimated to be USD 1.25 Billion in 2024 and is expected to reach USD 3.40 Billion by 2033 at a CAGR of 12.5% from 2026 to 2033.
In 2022, the global millimeter wave sensors and modules market was valued at USD 103.0 million, with a projected compound annual growth rate (CAGR) of 30.6% from 2025 to 2030. The Asia Pacific region led the market, accounting for a 29.6% revenue share, driven by high population density and substantial investments in 5G infrastructure. North America followed, holding a 22.3% market share, supported by strong telecommunications infrastructure and significant investments in upgrading systems for IoT applications and 5G networks. Europe also demonstrated notable growth, with a 28% revenue share, fueled by increasing demand for high speed communication and the ongoing rollout of 5G networks across the region. The telecommunications segment dominated the market in 2022, capturing a 52% share, propelled by the rising demand for high speed internet and connectivity solutions. The military and defense sector is anticipated to experience the highest CAGR over the forecast period, due to the adoption of millimeter wave sensors and modules for advanced communication systems, surveillance, and secure data transmission. In terms of frequency bands, the E band segment held the largest market share of 68% in 2022, attributed to its extensive application in telecommunications for high capacity, low latency data transfer. The V band segment is projected to grow significantly, driven by its ability to support large bandwidths, making it ideal for high speed wireless communication applications such as 5G networks and fixed wireless access.
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Aviat Networks
Siklu Communication
E-band Communications
Sage Millimeter
Bridgewave Communications
Farran Technology
Lightpointe Communications
Smiths Interconnect
NEC Corporation
QuinStar Technology
Trex Enterprises Corporation
Texas Instruments
Mistral Solutions
Qualcomm
Keysight Technologies
Radio Gigabit
Virginia Diodes
MediaTek
NOVELIC
Pulsar Process Management
Infineon Technologies AG
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Millimeter Wave Sensors and Modules Market
Radar Sensors
Imaging Sensors
LiDAR Sensors
Automotive
Industrial
Healthcare
Consumer Electronics
Aerospace and Defense
Telecommunications
Consumer Electronics
Healthcare
30 GHz - 100 GHz
100 GHz - 300 GHz
Short Range
Long Range
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Millimeter Wave Sensors and Modules Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Millimeter Wave Sensors and Modules Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Millimeter Wave Sensors and Modules Market, By Type
6. Global Millimeter Wave Sensors and Modules Market, By Application
7. Global Millimeter Wave Sensors and Modules Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Millimeter Wave Sensors and Modules Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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