mmWave Sensors and Modules Market: Global Industry Outlook Key Trends (2023-2029)

mmWave Sensors and Modules Market was valued at 153.4 Mn. USD in 2022. E band, one of the segments reviewed in our report is dominating the MmWave Sensors and Modules Market.
mmWave Sensors and Modules Market Overview:
mmWave is a highly important sensing technique for detecting objects and delivering information on their range, velocity, and angle. It is a contactless technology that operates in the 30GHz to 300GHz range. Because the technology uses minuscule wavelengths, it may deliver sub-mm range precision and can penetrate certain materials like plastic, drywall, and clothing while being impervious to weather conditions including rain, fog, dust, and snow. Sensors that send signals with wavelengths in the millimeter (mm) range are known as mmWave sensors.

One of the benefits of this technology is that it has a short wavelength in the electromagnetic spectrum. The size of system components necessary to process mmWave signals, such as antennas, is indeed small. The excellent resolution of short wavelengths is another advantage. At 76-81GHz, a mmWave system that resolves distances to wavelength offers precision in the mm range.To know about the Research Methodology :- Request Free Sample Report
mmWave Sensors and Modules Market Dynamics:
Increasing demand for high-speed data in mobile phones and mobile broadband, high-definition gaming, high-definition multimedia, and over-the-top (OTT) services, increasing usages of modules in low visibility and extreme weather conditions such as smoke, fog, rain, and thunderstorms with minimal noise, rapidly increasing in automotive long-range radar (LRR), advanced avionics navigation systems, and instrument landing systems (ILS), and adoption of technology in the field of automotive RADAR applications.

The need for high-bandwidth, high-speed internet across the telecom sector is necessitated by continuously expanding demand from bandwidth-intensive applications, coming primarily from consumer electronic items such as smartphones and wearable electronics. Data-intensive applications like video streaming, video conferencing, internet-based media exchange, and high-speed online gaming are likely to drive up demand for high-bandwidth sensors and modules, boosting the demand for MMW (millimeter wave) sensors and modules.

Extreme weather and low visibility circumstances, such as fog, smoke, and thunderstorms, benefit mmWave sensors and modules. In comparison to infrared or microwave-based sensor technologies, these mmWave sensors and modules perform better. Various automobile applications, such as advanced avionics navigation systems, vehicle Long-range Radar (LRR), and Instrument Landing Systems, are quickly adopting millimeter wave sensors and modules (ILS). This automotive radar system scans and detects objects within a 40-meter range of vehicles in under 0.1 seconds using high-frequency radio waves.

Low penetration power into objects, as well as a non-uniform licensing method, are predicted to be market limitations for the expansion of millimeter-wave (mmWave) sensors and modules in the forecasted timeframe. The availability of substitutes, along with the threat of a new entrant, is expected to be the market's biggest challenge in terms of disruption.

Pulsed, Frequency-Shift Keying (FSK), Continuous Wave (CW), and Frequency Modulated Continuous Waveform are some of the waveforms that can be used to convey data (FMCW). Fast FMCW is used by mmWave Sensors because of its robust operation, quick sensing, and reduced ambiguity in busy situations. Fast FMCW may also offer accurate object range and velocity measurements, allowing mmWave Sensors to perform multi-dimensional sensing.

In addition, military and defense applications, as well as telecommunications, automotive, security, and healthcare, all use mmWave sensors and modules. Increased demand from all of these industrial and commercial sectors is expected to move the MM wave sensor and module market forward quickly.

The use of wireless and mobile networking devices has exploded in recent years. The demand for large amounts of data to be exchanged between different devices in the mobile connection ecosystem is increasing as the number of internet-based apps and solutions develops. This will almost certainly result in the development of high-speed data transfer devices that heavily rely on mmWave sensors.
Segmentation:
By frequency band, the market is segmented into E wave, V wave, and another frequency band. E wave during the next several years, the market for E-band frequency applications is projected to alter dramatically. In the telecommunications business, E-band frequencies have a wide range of applications. The telecoms industry is anticipated to maintain its market dominance. V-band mmWaves have frequencies ranging from 40 to 70 GHz and are mostly used in military and defense applications. Radar and satellite communications also make substantial use of the V-band frequencies. E bands are the dominating segment in the market with 62% of market share in the year 2022.

On the basis of Application, the market is divided into healthcare, automotive and transportation, telecommunication, electronics, and semiconductors. The telecommunications category retained the biggest market share of more than 43% in 2022 due to increased demand 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 expected to grow at the fastest pace of 40.1% over the forecast period, owing to the increasing use of mmWave modules and sensors in various military and defense applications. The security application category is expected to grow significantly and generate significant revenue throughout the forecast period.
Trends in mmWave Sensors and Modules Market:
• Antenna on Package sensor designs:

Antenna design is just as critical as sensor selection in radio-frequency (RF) sensor-based systems. It is determined by the antenna configuration. The greatest object range and field of view the field of vision (FoV) and the resolution, both of which are crucial for a variety of purposes with just a single sensor and a small amount of data, an industrial system, the proper antenna arrangement may cover a large region for multiple objects at once detection. Engineers with minimum RF expertise may easily integrate TI mmWave sensors into their systems thanks to a novel antenna-on-package (AoP) architecture that greatly simplifies board production and system design. When compared to a conventional TI 60-GHz sensor, AoP sensors result in a 40% board reduction and a 75% board reduction when compared to alternative radar technologies.
• mmWave sensors for industrial 3D sensing:
The gathering of both location and accuracy data from the environment is required by a mmWave sensor. The distance between the object and the sensor, as well as the object's speed, are important data sets. A 3D sensing system should be able to recognize the height of an object and filter out ground interference to maximize effective data collection. This improves the accuracy and measuring the performance of a sensor.
• Occupancy detection:
Building automation sensing systems are primarily concerned with detecting and interpreting the occupancy of rooms or regions of interest in commercial or residential structures. AoP designs give value to the building automation market in addition to the benefits of TI mmWave technology, such as motion sensitivity, location accuracy, and privacy. E.g., with a wide field of view and a tiny form factor, TI mmWave AoP sensors enable installation and design freedom to unique building automation sensing applications like elderly monitoring and air conditioners.

North America is dominating the mmWave Sensors and Modules Market:

North America had the largest market share of more than 40% in 2022 due to the region's increased embrace of technology. Leading and early adopters of new and evolving technology are countries such as the United States and Canada. As a result, these properties are allowing MM wave technology to be used in a wide range of applications. The US held a 65% market share in the North American region owing to increasing demand for proximity sensing and high position and velocity-based operations in the region.

The mmWave technology market in the Asia Pacific, South America, and MEA is likely to increase significantly throughout the forecast period. Asia Pacific is predicted to have the greatest CAGR of 20% throughout the forecast period. The region's rapid technical advancement can be attributed to the creation and upgrading of communication infrastructures throughout the Asia Pacific. Furthermore, the deployment of new mmWave-based telecom equipment is likely to move the market forward at a rapid pace throughout the region.

The objective of the report is to present a comprehensive analysis of the MmWave Sensors and Modules Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the MmWave Sensors and Modules Market dynamics, structure by analyzing the Market segments and project the MmWave Sensors and Modules Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the MmWave Sensors and Modules Market make the report investor’s guide.
mmWave Sensors and Modules Market Scope:Inquire before buying



mmWave Sensors and Modules Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
15%
US$ 153.4 Mn
US$ 408.07 Mn


Segments Covered


by Frequency band
V band
E band
Other frequency bands
by Type
Military and defense
Healthcare
Security
Telecommunications
Electronics and semiconductors
Automotive and transportation


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



mmWave Sensors and Modules Market Key Players
1. Aviat Networks, Inc.
2. Siklu Communication Ltd.
3. E-band Communications LLC
4. Sage Millimeter, Inc.
5. Bridgewave Communications, Inc.
6. Farran Technology Ltd.
7. Keysight Technologies, Inc.
8. Lightpointe Communications, Inc.
9. Millitech, Inc.
10. NEC Corporation
11. QuinStar Technology, Inc.
12. Trex Enterprises Corporation
13. Axxcss Wireless Solutions
14. L3HARRIS
15. Smith’s Group
16. Eravant
17. Millimeter Wave Products

Frequently Asked Questions:

1. Which region has the largest share in Global MmWave Sensors and Modules Market?
Ans: North America region held the highest share in 2022.

2. What is the growth rate of Global MmWave Sensors and Modules Market?
Ans: The Global MmWave Sensors and Modules Market is growing at a CAGR of 15% during forecasting period 2023-2029.

3. What is scope of the Global MmWave Sensors and Modules Market report?
Ans: Global MmWave Sensors and Modules Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global MmWave Sensors and Modules Market?
Ans: The important key players in the Global MmWave Sensors and Modules Market are – Aviat Networks, Inc., Siklu Communication Ltd., E-band Communications LLC, Sage Millimeter, Inc., Bridgewave Communications, Inc., Farran Technology Ltd., Keysight Technologies, Inc., Lightpointe Communications, Inc., Millitech, Inc., NEC Corporation, QuinStar Technology, Inc., Trex Enterprises Corporation, Axxcss Wireless Solutions, L3HARRIS, Smith’s Group, Eravant, and Millimeter Wave Products

5. What is the study period of this Market?
Ans: The Global MmWave Sensors and Modules Market is studied from 2022 to 2029.