Millimeter Wave RF Modules market was valued at US$ 205 million in 2022 and is anticipated to reach US$ 3657.7 million by 2029, witnessing a CAGR of 61.7% - Valuates Reports

Millimeter Wave RF Modules market was valued at US$ 205 million in 2022 and is anticipated to reach US$ 3657.7 million by 2029, witnessing a CAGR of 61.7% during the forecast period 2023-2029.

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RF modules (Radio Frequency module) are electronic devices used to transmit and/or receive radio signals between two devices. Millimeter waves occupy in the Extremely High Frequency band (30 GHz to 300 GHz) of radio frequency spectrum. This frequency band has wavelength ranging from 10mm to 1 mm and thus called millimeter waves. Circuits have become denser as radio frequency (RF) applications begin to take advantage of millimeter wave (mmWave) frequencies.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of Millimeter Wave RF Modules include Murata, Fujikura, Qualcomm, STMicroelectronics, etc. The top two players hold a share over 96%. North America is the largest market, has a share about 91%, followed by Europe and Asia-Pacific, with share 4% and 2%, separately. In terms of product type, 60GHz RF Module is the largest segment, occupied for a share of 86%, and in terms of application, Wide-band Communication has a share about 97 percent.

This report aims to provide a comprehensive presentation of the global market for Millimeter Wave RF Modules, 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 Millimeter Wave RF Modules.
The Millimeter Wave RF Modules market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Millimeter Wave RF Modules market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Millimeter Wave RF Modules companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Segment by Type
28GHz RF Module
60GHz RF Module

Segment by Application
Wide-band Communication
V2X Communication
Wireless Mesh Networks
Others

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