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The mmWave Sensors and Modules Market Size was valued at USD 0.15 Billion in 2022. The mmWave Sensors and Modules market industry is projected to grow from USD 0.19 Billion in 2023 to USD 1.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 33.10% during the forecast period (2023 - 2032).  The report presents a detailed evaluation of the global mmWave sensors and modules market to theprovide readers a comprehensive overview of the market. The historical growth trajectory exhibited by the global mmWave sensors and modules market is examined in detail in the report in order to derive useful pointers as to the trends on display in the market. The present condition of the global mmWave sensors and modules market is examined in detail in the report. Major drivers and the restraints affecting on the global mmWave sensors and modules market are examined in detail in the report, giving readers a clear overview of the major motivators of the market. Major players operating in the global mmWave sensors and modules market are also profiled in the report.

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Competitive Leaderboard:

Leading players in the global mmWave sensors and modules market include Infineon Technologies AG, Pulsar Process Management Ltd., Novelic LLC, MediaTek Inc., Virginia Diodes, Radio Gigabit Inc., Keysight Technologies, Qualcomm Inc., Mistral Solutions Pvt. Ltd., and Texas Instruments.

In March 2019, The Smiths Detection business division added two scanners compliant with ECAC standard 3.1 for its CTX 9800 DSi baggage explosives detection system. It will provide additional flexibility and productivity

In January 2019, Vubiq developed a hardware/software millimeter-wave hyper imaging system. This system is able to code and decode chipless radio frequency identification (RFID) tags with a higher order of magnitude as compared to the existing solutions.

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Segmentation:

The global mmWave sensors and modules market is segmented on the basis of frequency band, application, and region.

By frequency band, the global mmWave sensors and modules market is segmented into 30-57 GHz, 57-96 GHz, and 96-300 GHz.

By application, the global mmWave sensors and modules market is segmented into IT and telecom, automotive and aerospace, healthcare, consumer and commercial, government and defense, and transportation.

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Regional Analysis:

North America is the leading regional market for mmWave sensors and modules and is likely to retain the position over the forecast period due to the growing application of mmWave sensors and modules in the defense sector in the U.S.

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