Global Millimeter Wave Sensors & Modules Market: Industrial Analysis and Forecast (2020-2026)
Author : Manisha Kashid | Published On : 20 Jul 2021
Global Millimeter Wave Sensors & Modules Market was valued at $50.2 Mn in 2019 and is expected to reach $ xx Mn by 2026, at a CAGR of xx % during the forecast period.
Global Millimeter Wave Sensors & Modules Market Introduction
Extreme weather and low visibility situations, such as fog, smoke, and thunderstorms, benefit MMW sensors and modules. These sensors outperform infrared and microwave sensor technology. The MM wave sensors and modules are widely utilised in military and defense applications, as well as telecommunications, automotive, security, and healthcare. Increasing demand from all of these industrial and commercial sectors is expected to propel the market forward at a fast rate.
Global Millimeter Wave Sensors & Modules Market Dynamics
The market is expected to grow due to increased research and development efforts in millimeter wave technology, as well as an ever-increasing need for bandwidth-intensive applications. The need for high-bandwidth, high-speed internet across the telecom industry is necessitated by continuously growing demand from bandwidth-intensive applications, originating notably from consumer electronic devices such as smartphones and wearable devices. Data-intensive applications like video streaming, video conferencing, internet-based media exchange and high-speed online gaming are expected to drive up demand for high-bandwidth sensors and modules, boosting the need for MMW (millimeter wave) sensors and modules.
Extreme weather and low visibility situations, such as fog, smoke, and thunderstorms, benefit MMW sensors and modules. In comparison to infrared or microwave-based sensor technologies, these MM wave sensors, and modules perform better. Various automobile applications, including sophisticated avionics navigation systems, vehicle Long-range Radar (LRR), and Instrument Landing Systems, are increasingly adopting millimeter wave sensors and modules (ILS). This automobile radar system scans and detects things within a 40-meter range of cars in only 0.1 seconds using high-frequency radio waves.
In addition, the MM wave sensors and modules are widely utilised in military and defense applications, as well as telecommunications, automotive, security, and healthcare. Increasing demand from all of these industrial and commercial sectors are likely to propel the MM wave sensor and module market forward at a rapid rate.
In the last several years, the use of wireless and mobile networking equipment has skyrocketed. As the number of internet-based apps and solutions grows, so does the demand for huge volumes of data to be sent between different devices in the mobile connection ecosystem. This is likely to lead to the development of high-speed data transfer devices that make heavy use of millimetre-wave modules and sensors.
Global Millimeter Wave Sensors & Modules Market Segment Analysis
The market for MMW sensors and modules is divided into three categories: V-band, E-band, and other millimeter wave frequency bands. The E-band frequency category accounted for more than 60.0 % market share in 2019 and is expected to grow at the fastest CAGR XX% during the forecast period. The market for E-band frequency applications is expected to change significantly during the next several years. E-band frequencies have a wide range of uses in the telecommunications industry. The telecoms industry is expected to continue its dominance in the market. The millimeter waves of the V-band frequencies span from 40 GHz to 70 GHz, and they are mostly employed in military and defense applications. In addition, radar and satellite communications use the V-band frequencies extensively.
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Telecommunications, military and defense, automotive and transportation, healthcare, electronics and semiconductor, and security applications make up the market for MMW sensors and modules. Due to the growing demand for high-speed data transmission and communication from the residential and commercial sectors, such as data centers and IT offices, the telecommunications category maintained the highest market share of more than 45.0 % in 2019. Because of the rising usage of MMW modules and sensors in different military and defense applications, the military and defense segment is expected to grow at the highest rate of 40.1 % over the forecast period. Over the projected period, the security application category is projected to develop rapidly and produce significant revenue.
Global Millimeter Wave Sensors & Modules Market Regional Insights
North America, Europe, Asia Pacific, South America, and MEA are the regions in which MMW sensors and modules are sold. Because of the region's greater embrace of technology, North America held the biggest market share of more than 40.0 % in 2019. Countries like the United States and Canada are leading and early adopters of new and developing technology. As a result, these characteristics are opening doors for MM wave technology in a variety of applications.
During the projected period, the millimetre-wave technology market in the Asia Pacific, South America, and MEA is expected to grow significantly. Over the forecast period, Asia Pacific is expected to have the highest CAGR of 43.5 %. The development and upgrading of Asia Pacific's telecom infrastructures may be ascribed to the region's fast technological progress. Furthermore, the deployment of new telecom equipment based on MM wave technology is expected to propel the market forward at a rapid rate across the region.
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Global Millimeter Wave Sensors & Modules Market Report Scope: Inquire before buying
Global Millimeter Wave Sensors & Modules Market, by Region
• North America
• South America
• Asia Pacific
Global Millimeter Wave Sensors & Modules Market Key Players
• 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
• Smiths Group
• Millimeter Wave Products
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