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mmWave Sensors and Modules Market Is Expected to Showcase a High CAGR By 2025 (SARS-CoV-2, Covid-19)

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mmWave Sensors and Modules Market Is Expected to Showcase a High CAGR By 2025 (SARS-CoV-2, Covid-19)

mmWave Sensors and Modules Market

The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on mmWave Sensors and Modules Market. The growth sectors of the mmWave Sensors and Modules Market are identified with precision for a better growth perspective.

The global mmWave sensor and module market has been segmented based on frequency band, application, and region. The proliferation of mmWave sensors in consumer electronics and increasing demand for millimeter wave technology in radar and security applications are the key factors that aid market growth.

By frequency band, the market has been segmented into band between 30 GHz and 57 GHz, band between 57 GHz and 96 GHz, and band between 96 GHz and 300 GHz. Among the frequency bands, 30 GHz and 57 GHz segment dominated the market in 2018. The bands 37GHz, 39GHz, and 47GHz offer the largest amount of spectrum available for flexible wireless services in the mmWave bands. The 39GHz band consists of 1400MHz contiguous, mmWave spectrum from 38.6 to 40 GHz. Existing licenses in the 39 GHz band consist of unpaired 50 MHz blocks licensed by Rectangular Service Area (RSA) or Partial Economic Area (PEA). The combination of upper 37GHz and 39GHz band provides the largest amount of contiguous spectrum, offering an opportunity for 5G deployment. This segment is also expected to show the highest CAGR during the forecast period.

By application, the market has been segmented into IT & telecommunication, automotive & aerospace, healthcare, consumer & commercial, government & defense, and transportation. Advances in wireless communication technologies have paved the way for the widespread use of mmWave to address the challenges of lower frequency and high-speed communications. Mobile users require high-speed data transfer rates and more reliable services and the next generation (5G) wireless networks have the potential to deliver the same. Uses of the mmWave bands include point-to-point communications, inter-satellite links, and point-to-multipoint communications. The 71–76, 81–86, and 92–95 GHz bands are used for point-to-point high-bandwidth communication links. As the development and adoption of 5G complete, the mmWave sensors and modules are expected to show a higher rate of adoption in the IT & telecom sector.

By region, the industrial controller market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America remains dominating region throughout the forecast period, while Asia-Pacific is expected to show the highest CAGR.

Key Players

The key players in the mmWave sensors and modules market are identified across all the major regions based on their country of origin, presence, recent key developments, product diversification, and industry expertise. Some of them are Texas Instruments, Mistral Solutions Pvt Ltd, Qualcomm Inc, Keysight Technologies, Radio Gigabit Inc, Virginia Diodes, MediaTek Inc, NOVELIC LLC, Pulsar Process Management Ltd, and Infineon Technologies AG. among others. These players contribute significantly to market growth. Apart from the top key players, the other players contribute nearly 30–40% in the mmWave sensor and modules market.

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
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