mmWave Sensors and Modules Market 2025 – Sales Revenue, Grow Pricing and Industry Growth Analysis, Technology, Market Size, Factors & Players (SARS-CoV-2, Covid-19 Analysis)

mmWave Sensors and Modules Market

Global mmWave Sensors and Modules Market was valued at USD 73 Million in 2018; it is expected to reach USD 532.9 Million by the end of the forecast period at a CAGR of 33.2%.

mmWave Sensors and Modules Market report by MRFR experts reveals that the future looks promising as there are a number of factors that are currently favoring the market.

FREE PDF@ https://www.marketresearchfuture.com/sample_request/8667

mmWave refers to the sensing technology that helps detect objects, in addition to providing the velocity, angle as well as range of the objects. It can be described as a contactless-technology that works within the spectrum range of 30 GHz and 300 GHz. Given the technology’s deployment of small wavelengths, it is able to offer sub-mm range accuracy and can also penetrate materials like clothing, drywall and plastic. The technology is also impervious to adverse environmental conditions like fog, rain, snow and dust.

mmWave sensors are used for transmitting signals with a wavelength that falls within the millimeter (mm) range. It is a short wavelength within the electromagnetic spectrum and is considered to be an excellent advantage of using this technology. Also, the size of the various system components like antenna that are needed for processing mmWave signals is small. Another benefit offered by short wavelengths is the high resolution.

Regional Analysis

On the basis of geography, the market is studied for North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America. Among the regions mentioned above, North America is expected to dominate the market throughout the forecast period. The US and Canada are the major companies that primarily contribute to mmWave sensors and modules market. These countries have deployed mmWave technology-enabled full-body scanners at several entry points of the country owing to their high rate of accuracy as compared to X-ray scanners. Major players operating in the region include Texas Instruments, E-Band Communications LLC, L3 Technologies Inc, and Keysight Technologies among others. The US is also the first country to use mmWave in the form of E-band frequencies for commercial purposes. The market growth in Europe is mainly attributed to advancement in the telecommunication industry, and the collaboration of major players with small start-ups for the extensive deployment of mmWave technology.

Asia-Pacific is expected to show the highest CAGR during the forecast period. This is largely due to the high demand for bandwidth-intensive applications by the IT & telecommunication sector across the region. Also, the region has witnessed a rise in the number of government approval trials of mmWave bands using millimeter wave technology that further boosts advancements of mmWave sensors and modules market. Fujitsu and NEC Corporation are the major players operating in the market, heavily investing in the development of mmWave technology.

Segmentation

The global mmWave sensor and module market has been segmented based on frequency band, application, and region. The proliferation of mmWave sensors in consumer electronics and increasing demand for millimeter wave technology in radar and security applications are the key factors that aid market growth.

By frequency band, the market has been segmented into band between 30 GHz and 57 GHz, band between 57 GHz and 96 GHz, and band between 96 GHz and 300 GHz. Among the frequency bands, 30 GHz and 57 GHz segment dominated the market in 2018. The bands 37GHz, 39GHz, and 47GHz offer the largest amount of spectrum available for flexible wireless services in the mmWave bands. The 39GHz band consists of 1400MHz contiguous, mmWave spectrum from 38.6 to 40 GHz. Existing licenses in the 39 GHz band consist of unpaired 50 MHz blocks licensed by Rectangular Service Area (RSA) or Partial Economic Area (PEA). The combination of upper 37GHz and 39GHz band provides the largest amount of contiguous spectrum, offering an opportunity for 5G deployment. This segment is also expected to show the highest CAGR during the forecast period.

By application, the market has been segmented into IT & telecommunication, automotive & aerospace, healthcare, consumer & commercial, government & defense, and transportation. Advances in wireless communication technologies have paved the way for the widespread use of mmWave to address the challenges of lower frequency and high-speed communications. Mobile users require high-speed data transfer rates and more reliable services and the next generation (5G) wireless networks have the potential to deliver the same. Uses of the mmWave bands include point-to-point communications, inter-satellite links, and point-to-multipoint communications. The 71–76, 81–86, and 92–95 GHz bands are used for point-to-point high-bandwidth communication links. As the development and adoption of 5G complete, the mmWave sensors and modules are expected to show a higher rate of adoption in the IT & telecom sector.

By region, the industrial controller market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America remains dominating region throughout the forecast period, while Asia-Pacific is expected to show the highest CAGR.

Key Players

The key players in the mmWave sensors and modules market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Texas Instruments, Mistral Solutions Pvt Ltd, Qualcomm Inc, Keysight Technologies, Radio Gigabit Inc, Virginia Diodes, MediaTek Inc, NOVELIC LLC, Pulsar Process Management Ltd, and Infineon Technologies AG. among others. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 30–40% in the mmWave sensor and modules market.

More Information@ https://www.marketresearchfuture.com/reports/mmwave-sensors-modules-market-8667

Other Related Market Research Reports:

Global Factory Automation Sensor Market Research Report—Forecast till 2025

https://www.marketresearchfuture.com/reports/factory-automation-sensor-market-8661

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.