mmWave Sensors and Modules Market Size & Overview

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The mmWave Sensors and Modules Market size was valued at USD 0.25 Billion in 2023 and is expected to reach USD 2.40 Billion by 2032 and grow at a CAGR of 28.59% over the forecast period 2024-2032.

The mmwave sensors and modules market is quickly advancing due to technological improvements and a growing need for fast communication systems. Their essential role in modern communication networks, especially as 5G technology is being implemented, is due to their capacity to transfer and receive data quickly and with minimal delay. by the end of 2023, the worldwide use of 5G has reached impressive levels, with more than 1.5 billion 5G connections recorded, making it the quickest-growing mobile technology ever. Estimations suggest that by 2028, there could be a significant increase in 5G subscriptions reaching 5 billion, making up around 55% of total global mobile subscriptions. The significant increase is especially evident in North America and Northeast Asia, with 5G adoption rates reaching approximately 35%. It is expected that 5G will have a significant effect on the worldwide economy, with predictions indicating it could add nearly USD 1 trillion by 2030 by introducing innovative uses in different sectors. Presently, approximately 230 telecommunications companies worldwide have introduced 5G services, with more than 700 5G smartphone models available for purchase. This information highlights the strong progress and future promise of 5G technology in transforming connections and communication.

In the automotive industry, MmWave sensors are essential for advancing driver-assistance systems (ADAS) and self-driving cars. In the United States, approximately 70% of car buyers are knowledgeable about ADAS features, but less than 30% have used them, and 50% of those who have tried them express a tendency to buy vehicles with these systems in 2023. At present, approximately 55% of recent vehicle purchases come equipped with at least one ADAS function, as a result of growing safety requirements and consumer desire for safer cars. These sensors detect obstacles and monitor the surrounding environment to provide accurate information for collision avoidance, parking assistance, and adaptive cruise control. Incorporating mmWave technology in automotive uses improves safety functions and allows for the achievement of fully autonomous driving, a growing trend in the automotive sector. Consequently, companies are making significant investments in research and development to create advanced mmWave technologies that meet the demanding needs of the automotive industry.

mmWave Sensors and Modules Market Dynamics

Drivers

• The rise of industrial automation necessitates reliable object detection and monitoring systems in factories.

The processes in the industry are changing with the rise of industrial automation, which is making manufacturing “intensely automated” and, on the one hand, promoting better performance, and, on the other hand, generating the demand for target detection and monitoring. For example, the use of Millimeter Wave sensors and modules allows for better detection and monitoring of objects via high-frequency electromagnetic waves, which facilitates optimal operational efficiency and safety in the use of ultra-high automated devices. The advantage of this type of sensors is their seamless integration into the current structures and feasibility for further technological development which will facilitate application due to the development of new functions. They can contribute to the processes of collision avoidance, tracking goods in the inventory, as well as environmental monitoring, which makes them very effective. As for the real-world applicability, one can refer to the use of MmWave sensors in the automotive manufacturing process where they are aimed at the detection and classification of vehicles for navigation purposes. Automated guided vehicles are expected not to collide and organize the transport process in a better manner. In the electronics manufacturing sector, the same type of sensors is often used for non-destructive testing which can allow for the monitoring of certain characteristics and detecting defects without damage to the product.

• The growing demand for high-speed data in mobile phones is a major force fueling the market growth for mobile data and related technologies.

Investing in network infrastructure such as chem towers and cellular fiber optic cables is driven by the demand for faster data speeds. Growth in other aspects of the ICT economy is generated as a result. This gives rise to several opportunities in the related industries, notably telecommunication equipment manufacturing and network service providers. The explosion in the use of data-based solutions and services including online videos among others, provides developers and service providers with several opportunities. For example, companies like Verizon and AT&T along with others are currently investing in the production and subsequent rolling out of 5G network service. Apple and Samsung are constantly developing their processors and modems to provide faster data speeds in the latest phones that they release.

Restraints

• Strict regulatory requirements and safety standards, particularly in sectors like automotive and healthcare, can create hurdles for market expansion.

The mmWave sensors have very stringent safety standards, and hence they will have longer approval processes to ensure they operate on safe power levels and do not tamper with other devices. Also, the regulatory framework on mmWave technology is still developing, especially in the spectrum, leading to the uncertainty faced by the manufacturers. These factors lead to an increase in the approval process of new mmWave sensor applications. In 2023, the medical device startup that developed a new mmWave cancer detection system experienced delays in getting regulatory approval. This is because the regulatory bodies were yet to finalize the specification on the acceptable power level for mmWave technology in the healthcare sector. Hence the company had to re-design its application to operate at lower power levels and conduct additional safety testing to ensure it meets the latest regulation requirements.

mmWave Sensors and Modules Market Segmentation Outlook

by Frequency Band

The 57GHz-96GHz frequency range dominated the mmWave sensors and modules market in 2023 with a 52% market share because of its perfect combination of distance coverage and data capacity, which makes it well-suited for precise and dependable applications. This section sees widespread usage in telecommunications, especially for backhaul connections in 5G networks and advanced imaging technologies. Key players such as Qualcomm use this frequency band to power their advanced wireless products, ensuring strong connections for phones and networks.

The 30GHz-57GHz frequency range is acknowledged as the most rapidly expanding sector in the mmWave sensors and modules market with a rapid CAGR during 2024-2032. The rise is due to the growing need for fast data transfer and modern communication technologies like 5G networks and the Internet of Things (IoT). Innovations in this frequency range are being fueled by applications in automotive radar systems, smart cities, and industrial automation. Companies such as NXP Semiconductors utilize this frequency range for their high-tech radar and sensing solutions, which allows for improved vehicle safety and autonomous driving features.

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by Applications

Telecommunications held the major revenue share of 41% in 2023 and dominated the mmWave sensors and modules market. With the rise in the need for fast data transfer and the implementation of 5G networks, mmWave technology is crucial for offering improved bandwidth and reduced latency. This section uses mmWave sensors and modules in applications like antenna systems, backhaul connections, and base station infrastructures. Large telecommunications companies such as Verizon and AT&T are making significant investments in mmWave technology to enhance network performance and broaden coverage.

The military and defense sectors are accounted to be the fastest-growing segment during 2024-2032 within the mmWave sensors and modules market. The use of cutting-edge radar systems, drones, and monitoring technologies is fueling the need for mmWave solutions. These sensors offer essential capabilities for military applications, including accurate target detection and high-resolution imaging. Corporations like Northrop Grumman and Raytheon are utilizing mmWave technology to create advanced radar systems that improve situational awareness and operational efficiency.

mmWave Sensors and Modules Market Regional Analysis

North America held a major market share of 51% in 2023 by dominating the market, attributed to advanced technology firms, substantial research and development funding, and high demand for top-notch sensors in diverse applications. The United States government's emphasis on advanced automotive technologies, particularly in autonomous vehicles and smart transportation systems, has sped up market expansion. Key companies such as Texas Instruments, Analog Devices, and Qualcomm are actively creating and implementing cutting-edge mmWave solutions in industries like automotive, telecommunications, and industrial automation.

The APAC region is accounted to become the fastest-growing with a rapid CAGR during 2024-2032 in the market for mmwave sensors and modules market, driven by quick industrialization, urbanization, and a growing consumer electronics sector. Nations such as China, Japan, and South Korea are at the forefront, making substantial investments in 5G technology and its accompanying infrastructure. The increasing need for fast data transmission and advanced car features is driving the utilization of mmWave technology. Huawei, Samsung, and NEC are leading the way in developing advanced mmWave solutions for telecommunications, automotive radar systems, and smart manufacturing.

Key Players

The major key players in the market are:

• Aviat Networks (E-band radios, Microwave backhaul solutions)

• E-band Communications (E-band radio, E-band microwave backhaul)

• Farran Technology (Farran 100-300 GHz Frequency Synthesizers, Farran 90 GHz High Power Amplifiers)

• Lightpointe Communications (LightPointe Aire X2, LightPointe 60 GHz FastBridge)

• NEC Corporation (NEC mmWave radios, NEC microwave transmission solutions)

• Siklu Communication (EtherHaul 1200 Series, EtherHaul 600 Series)

• Bridgewave Communications (Bridgewave FlexPort, Bridgewave 80 GHz radios)

• Keysight Technologies (Keysight E7500A, Keysight M8195A)

• Millitech (Millitech 75 GHz Frequency Multiplier, Millitech Low Noise Amplifiers)

• Trex Enterprises Corporation (Trex 100 GHz mmWave Sensors, Trex High Frequency Radar Systems)

• Qorvo (Qorvo RF Solutions, Qorvo mmWave Radar Sensors)

• Analog Devices (ADMV1014 mmWave Upconverter, ADMV1003 mmWave Downconverter)

• NXP Semiconductors (NXP RF Power Amplifiers, NXP mmWave Transceivers)

• Raytheon Technologies (Raytheon X-band Radar, Raytheon mmWave Sensors)

• Texas Instruments (TI AWR1642 mmWave Sensor, TI mmWave Radar Development Kits)

• Infineon Technologies (Infineon mmWave Radar Sensors, Infineon RF Transmitters)

• L3Harris Technologies (L3Harris mmWave Radar Systems, L3Harris Communication Modules)

• Samsung Electronics (Samsung mmWave Radios, Samsung 5G mmWave Solutions)

• STMicroelectronics (ST 24 GHz Radar Sensor, ST RF Amplifiers)

• Chalmers University of Technology (Chalmers 60 GHz Research Modules, Chalmers mmWave Communication Systems)

Recent Development

• January 2024: Texas Instruments announced AWR2544, a 77 GHz mmWave radar sensor dedicated to advanced driver assistance systems. The sensor is the satellite radar architecture, a technology that improves sensor fusion and decision-making, which further advances vehicle safety and autonomy. AWR2544 also includes the launch-on-package technology, which can reduce the size by 30 percent, and extend the detection range beyond 200 meters.

• December 2023: design firm D3 Engineering listed their DesignCore RS-2944A Evaluation Kit, based on Texas Instruments’ AWR2944 sensor. The kit is generic and serves various applications, including automotive and industrial parts. Besides, the kit includes a USB-serial interface, which serves for testing and algorithm development.

• September 2023: ACAM revealed the frequency-modulated continuous wave radar module, based on FMCW technology, and dedicated to automotive applications. The module is also focused on improving the parking assistance systems and automated driving.