The Millimeter Wave Sensor & Modules Market - Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The Global Millimeter Wave Sensor & Modules market was worth US$ 250 million in 2019 and is expected to cross the billion market by 2030. Millimeter wave or extremely high frequency (EHF) refers to band of radio frequency well suited for 5G networks. The demand for millimeter wave sensor & module is increasing rapidly owing to the growing need for high speed and bandwidth requirements from commercial and residential applications. The millimeter wave technology is extensively used for radar and security applications across military and defense industry. Additionally, increased adoption of millimeter wave technology in small cell backhaul networks is contributing towards the growth of the global millimeter wave sensor & module market. Growth of bandwidth intensive applications and expansion of IT & telecommunication infrastructure across the globe is anticipated to drive the growth of the global millimeter wave sensor & module market during the forecast period.