PUBLISHER: KBV Research | PRODUCT CODE: 1616630
PUBLISHER: KBV Research | PRODUCT CODE: 1616630
The Asia Pacific Millimeter Wave Sensors and Modules Market would witness market growth of 30.3% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Millimeter Wave Sensors and Modules Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $76,184 Thousands by 2031. The Japan market is registering a CAGR of 29.4% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 31.4% during (2024 - 2031).
Beyond smartphones and wearables, mmWave modules enhance connectivity and functionality in tablets, laptops, smart home devices, and AR/VR headsets. Products like Microsoft's Surface devices and Samsung's Galaxy Tab series integrate mmWave technology for high-speed internet access, while Amazon's Echo devices utilize it for gesture control and energy-efficient automation. AR/VR headsets from companies like Meta and Sony benefit from mmWave's low-latency capabilities, providing immersive virtual experiences.
The industrial sector also benefits from mmWave sensors in predictive maintenance, inventory management, and automation applications. Manufacturing facilities are deploying these sensors to monitor machinery, optimize production processes, and ensure worker safety. For instance, factories in South Korea use mmWave sensors to enable real-time equipment performance tracking, reducing downtime and maintenance costs.
Government initiatives, technological advancements, and increased investment in digital infrastructure are driving substantial growth in this market in the Asia-Pacific region. In China, mmWave technology is critical in modernizing transportation and logistics under the government's "New Infrastructure" initiative. India's progress in mmWave technology is linked to its Smart Cities Mission, which integrates advanced communication systems to enhance urban infrastructure. With over 8,000 multi-sectoral projects worth approximately ₹1.6 lakh crore under development, the initiative focuses on smart energy management and efficient utility services powered by mmWave-enabled 5G connectivity. Cities involved in this mission are adopting mmWave sensors to support real-time monitoring of energy distribution and improve urban resource management, addressing India's growing urbanization challenges. Therefore, with robust government support and widespread technological adoption, the region's millimeter wave sensors and modules market is poised for remarkable growth.
Based on Frequency Band, the market is segmented into E-Band, V-Band, and Other Frequency Band. Based on Application, the market is segmented into Telecommunications, Security, Military & Defense, Automotive & Transport, Electronics & Semiconductor, and Other Application. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
Asia Pacific Millimeter Wave Sensors and Modules Market Report Segmentation
By Frequency Band
By Application
By Country