mmWave Sensors Modules Market

Growing demand for high-speed data in mobile phones is driving the market growth

Market CAGR for mmWave is driven by the rising high-speed data in mobile phones and mobile broadband, as are the demands for high-definition gaming, high-definition multimedia, and over-the-top (OTT) services. High-bandwidth, high-speed internet is required across the telecom sector due to the steadily increasing demand from bandwidth-intensive applications, notably those resulting from consumer electronics devices like smartphones and wearable electronics. High-speed online gaming, video streaming, video conferencing, media sharing over the internet, and other data-intensive services are anticipated to increase the need for high bandwidth, increasing the demand for mmWave sensors and modules.

Module usage in low visibility and extreme weather conditions, such as smoke, fog, rain, and thunderstorms, is also rising.

Additionally, the adoption of technology in the field of automotive radar applications, the development of fifth-generation technology due to the need for higher bandwidth, the rise in internet-driven applications and solutions, and the rapidly expanding use of automotive long-range radar (LRR), advanced avionics navigation systems, and instrument landing systems (ILS) are some of the major and crucial factors that likely to augment the growth of the millimeter wave (mmWave) sensor.

The market for millimeter wave (mmWave) sensors and modules will expand in the projected period due to rising government investment levels and numbers of R & D activities, which will further contribute by generating enormous opportunities. Thus, driving the mmWave Sensors and Modules market revenue.

The Global mmWave Sensors and Modules Market Industry is poised for substantial growth, with projections indicating a market size increase from 0.25 USD Billion in 2024 to 4.05 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 28.8% from 2025 to 2035. The increasing integration of mmWave technology across various sectors, including automotive, telecommunications, and healthcare, underlines the market's potential. As industries continue to recognize the benefits of mmWave sensors, such as enhanced accuracy and reliability, the market is likely to attract significant investments and innovations in the coming years.

The Global mmWave Sensors and Modules Market Industry is experiencing rapid technological advancements, particularly in the development of high-frequency sensors. These innovations enhance the capabilities of mmWave sensors, enabling applications in various sectors such as automotive, healthcare, and telecommunications. For instance, the integration of artificial intelligence with mmWave technology is likely to improve object detection and tracking, which is crucial for autonomous vehicles. As a result, the market is projected to grow from 0.25 USD Billion in 2024 to 4.05 USD Billion by 2035, reflecting a compound annual growth rate of 28.8% from 2025 to 2035.

The Global mmWave Sensors and Modules Market Industry is significantly influenced by the expansion of 5G infrastructure worldwide. The deployment of 5G networks necessitates the integration of mmWave technology to achieve higher data transmission rates and lower latency. This integration facilitates enhanced communication capabilities across various applications, including smart cities and the Internet of Things. As 5G adoption accelerates, the demand for mmWave sensors is likely to surge, contributing to the market's growth trajectory. The market is anticipated to expand from 0.25 USD Billion in 2024 to 4.05 USD Billion by 2035, driven by the increasing reliance on high-speed connectivity.

The Global mmWave Sensors and Modules Market Industry is witnessing a growing adoption of mmWave technology in healthcare applications. These sensors are utilized for non-invasive monitoring of vital signs, such as heart rate and respiratory patterns, which is becoming increasingly important in modern healthcare settings. The ability of mmWave sensors to operate effectively in various environmental conditions enhances their appeal in medical diagnostics and patient monitoring systems. As healthcare providers seek innovative solutions to improve patient care, the demand for mmWave sensors is expected to rise, contributing to the market's projected growth from 0.25 USD Billion in 2024 to 4.05 USD Billion by 2035.

The Global mmWave Sensors and Modules Market Industry is driven by the increasing demand for advanced safety features in vehicles. As automotive manufacturers strive to enhance safety standards, mmWave sensors play a pivotal role in enabling features such as adaptive cruise control and collision avoidance systems. The growing emphasis on autonomous driving technologies further propels the adoption of mmWave sensors, as they provide accurate distance measurement and obstacle detection. This trend is expected to significantly contribute to the market's growth, with projections indicating a rise from 0.25 USD Billion in 2024 to 4.05 USD Billion by 2035.

By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American mmWave Sensors and Modules market area will dominate this market, owing to the larger acceptance of technology. In addition, the growing demand for radar and security applications will boost the market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: mmWave Sensors and Modules Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe mmWave Sensors and Modules market accounts for the second-largest share due to the growing upgradation in the telecom infrastructure. Further, the German mmWave Sensors and Modules market held the largest market share, and the UK mmWave Sensors and Modules market was the fastest-growing market in the European region.

The Asia-Pacific MmWave Sensors and Modules Market are expected to grow at the fastest CAGR from 2024 to 2032 due to rapid technology and upgradation in telecom infrastructure upgrades. Moreover, China’s mmWave Sensors and Modules market held the largest market share, and the Indian mmWave Sensors and Modules market was the fastest-growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to expand their product lines, which will help the mmWave Sensors and Modules market, grow even more. Market participants are also undertaking several strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the mmWave Sensors and Modules industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the global mmWave Sensors and Modules industry to benefit clients and increase the market sector. In recent years, the mmWave Sensors and Modules industry has offered some of the most significant advantages to the military and defense. Major players in the mmWave Sensors and Modules market, including Texas Instruments, Mistral Solutions Pvt.

Ltd., Qualcomm Inc., Keysight Technologies, Radio Gigabit Inc., Virginia Diodes, MediaTek Inc., NOVELIC LLC, Pulsar Process Management Ltd., Infineon Technologies AG, and others, are attempting to increase market demand by investing in research and development operations.

SMK is well-connected, a master of many trades, and a switch-hitter in electronics. The 1929-founded company produces a range of electronic parts, including connectors, power supplies, switches, jacks and plugs, and terminals. The company also produces input devices for computers and appliances, such as keyboards, control panels, touch screens, and remote controls. Almost 75% of SMK’s revenue comes from audio-visual and communication goods. Other producers of industrial items and electronics are among its clients. Although roughly 80% of SMK’s profits come from Japan and Asia, the company has manufacturing facilities and sales offices across 20 nations.

For Example: In January 2023, A new Milweb TM mmWave sensor technology and solution were released by SMK Electronics Corporation. The Milweb Wave Sensor uses the company’s unique algorithms to distinguish objects, surfaces, approaching terrain, and even, up close, a person’s pulse rate and respiration. This adaptable new sensor technology has uses in constructing automobiles, healthcare products, and safety equipment.

FASTWEB S.p.A. is an Italian telecommunications organization that offers fixed and mobile telephony, IPTV services, and broadband Internet. One of the well-known organizations in Italy offering FTTH connections is Fastweb. Swisscom AG, a Swiss telecommunications corporation, owns all of Fastweb. Organizations contribute to the country's digitization with digital solutions and ultra-broadband networks to improve the quality of life. Organizations ensure data protection and maximum transparency. Organizations provide everyone with the most suitable training tools to participate in the digital revolution and seize opportunities. Its work environment is dynamic and inclusive.

For Instance: one of Italy's biggest telecom providers, Qualcomm Technologies, Inc., announced plans to market fixed wireless access (FWA) 5G standalone (SA) mmWave on the Qualcomm 5G mobile broadband wireless access platform Gen2. By the end of 2025, the coordinated efforts should enable Fastweb to quickly expand the coverage of its FWA installations and contribute to bringing the full benefits of 5G to almost twelve million households and businesses in Italy.