Mm Wave Antenna Module Market

MM Wave Antenna Module Market Overview

The global MM Wave Antenna Module Market size was valued at USD 5.27 billion in 2024 and is predicted to reach USD 37.04 billion by 2030 with a CAGR of 38.4% from 2025-2030.

Market growth is fueled by 5G network adoption and surging demand for high-speed data transmission and increasing applications in automobile radar systems and satellite communications. Nevertheless, impediments like heavy development expenses and intricate manufacturing process hold back the growth of the market. 

On the contrary, technological advancements into antenna modules open new avenues for market growth. Leaders in the market such as Qualcomm and Analog Devices are emphasizing product development and strategic collaborations to further expand their market footprint. With consistent growth in mmWave technology the market also shows promise for rapid growth specifically in industries like telecommunication, automobile and aviation where high frequency and low latency communication is a prime requirement.

Rising Adoption of 5G Technology Drives the MM Wave Antenna Module Market Growth 

The rising adoption of 5G technology networks based on heavily high-frequency millimetre-wave (mm Wave) spectrum to provide high-speed and reliable wireless connections is driving the market growth. The modules have a vital function to enable the high-capacity and high-performance communication that 5G networks are capable of offering.

As per report published by Global System for Mobile Communication (GSMA), as of January 2024, 5G commercialization across the world is increasing at a rapid rate with 261 operators offering commercial 5G mobile service in 101 countries with 5G technology growth at a fast rate highlighting the massive spread of mm Wave antenna modules. 

Increasing Demand for IoT Devices Thrives the MM Wave Antenna Module Market Trends

The increasing usage of Internet of Things products like smartphones and laptops is accelerating market growth. The more frequent these IoT products get used the higher is the demand for fast data communication as well as network connectivity via high-frequency mm Wave antenna modules. According to the report released by Global System for Mobile Communication (GSMA), the smartphone penetration in Latin America and Middle East and North Africa in 2023 was approximately 80% and 81% and is expected to be 92% and 90% by 2030. This higher smartphone penetration indicates the rising need for high frequency antenna modules, which are crucial for enabling the high-speed connectivity.

Expanding Automotive Sector Fuels MM Wave Antenna Module Market Demand

The expanding automotive sector combined with advances like high resolution radar systems and advanced driver assistance systems fuels the demand for mm Wave antenna modules. The modules are critical to enable precise object detection and increase safety features in new-age cars that propels the market growth.

As per the reports released by European Automobile Manufacturers Association, the manufacturing of car worldwide is increasing at a considerable rate since in 2023, car production has reached 76 million units. This surge in vehicle production highlights the growing demand for advanced featured cars, driving the demand for high frequency antenna module. 

High Cost Associated with MM Wave Antenna Modules Restraints the Market Growth

The high cost of Mm Wave antenna modules due to their advanced technology and specialized design and regulatory challenges potential health risks of mm Wave are the major factors restraining the growth of the market.

Incorporation of Advanced Technologies Creates Future Opportunity

The integration of beamforming technology coupled with MIMO technology in mm Wave to focus the radio frequency (RF) energy in a specific direction and allowing multiple antennas to transmit or receive data simultaneously to improve the signal strength and quality are expected to create ample opportunity in the growth of the mm Wave antennas module market in the coming years.

Market Segmentations and Scope of the Study

The mm Wave antenna module market report is segmented on the basis of type, component, product, frequency band, application and region. On the basis of type, the market is bifurcated into household and commercial. On the basis of component, the market is classified into antennas & transceiver components, communication & networking components, imaging components, frequency sources & related components, sensors & controls, interface components, RF & radio components, power & battery components, and others. On the basis of product, the market is segmented into telecommunication equipment, scanning systems, radar and satellite communication systems, and others. On the basis of frequency band, the market is divided into 24-57 GHz, 57-95 GHz, and 95-300 GHz. On the basis of application, the market is classified into consumer electronics, communication, consumer and commercial, healthcare, industrial, automotive & transportation, defense and imaging. Regional breakdown and analysis of each of the aforesaid segments include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

Asia Pacific dominates the mm Wave antenna module market share of mm Wave antenna module and anticipated to maintain dominance throughout the forecasting period. Consumer electronics market of Asia Pacific is fueling mm Wave antenna module industry with growth in 5G adoption that increases the resilience for high-speed internet connectivity.

Based on the IEEE Communication Society, China had 899.3 million 5G subscribers and established 1.7 million 5G base stations in 2022. This widespread 5G network reflects the expanding need for mm Wave antenna modules needed to power the region's fast technological progress and connectivity demand.

Moreover, growth in the automobile industry in countries such as China, Japan and South Korea and the higher adoption of emerging technologies such as ADAS and autonomous vehicles that require mm Wave antenna modules is driving the market expansion.
International Trade Administration declares the world's leading automobile-producing country as China with over 28 million units sold in 2023 and home production at a level of 35 million vehicles by 2025.

On the other hand, North America is anticipated to exhibit a consistent increase in the mm Wave antenna module industry as a result of increasing usage of emerging technologies like IoT and 5G networks by healthcare sector for remote patient monitoring and telehealth that demand high-speed and secure data transfer. 

As per report published by the JMIR Public Health and Surveillance, in April 2024, a survey done on U.S. adults showed that 39.3% participants availed the telehealth service. The growing demand for telehealth drives the demand for high frequency antenna module for smooth and fast communication thereby boosting market growth in this region.

Moreover, the rising adoption of 5G technology in this region drives the demand for high frequency antenna modules to support high data transfer and low latency communication.

As per the report published by the Global System for Mobile Communication (GSMA), the adoption of 5G in North-America is expected to reach 90% by the year 2030 with around 443 million subscribers. This substantial growth shows the rising demand for mm Wave antenna modules, that are important for fulfilling the advanced performance needs of the expanding 5G network and driving overall market growth. 

Competitive Landscape

Various players operating in the millimeter-wave antenna module market are Fujikura Ltd, Qualcomm, Texas Instruments Inc, Murata Manufacturing Co Ltd, Keysight Technologies, Universal Scientific Industrial, Siklu Communication, Axxcss Wireless Solutions, D3 Engineering, Smiths Group plc, Avnet Inc., Broadcom Inc., NXP Semiconductors N.V., Analog Devices Inc., Eravant and others. These market players are adopting various strategies including product launches to remain dominant in the market. 

For instance, in January 2024, Avnet Inc. launched RFSoC Explorer Toolbox Version 3.0. These improvements aim to simplify the prototyping of communications algorithms to reduce development time and help get new wireless products to market faster.

For instance, in February 2023, Qualcomm announced the launch of the world's first 5G Advanced-ready modem RF system that enables faster and more reliable 5G connectivity for smartphones and other mobile devices. The new modem system also supports the latest 5G technologies such as carrier aggregation, multi-antenna beamforming, and more, which provides users with improved network performance and faster data transfer speeds. 

Moreover, in February 2023, Fujikura launched a new Optical Fiber Fusion Splicer, the 90S, which offers faster splicing time and improved splice loss compared to its predecessor the 70S. The 90S features a touch screen monitor, wireless connectivity, and an automated wind protector and tube heater, and is designed for use in field and factory environments. 

Key Benefits

• The mm Wave antenna module market report provides the quantitative analysis of the current market and estimations from 2025 to 2030. This analysis assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises of a detailed analysis of the mm Wave antenna module trends including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints, and opportunities and their impact on the mm Wave antenna module market is provided in the report.

• The competitive analysis of the market players along with their market share in the mm Wave antenna module report is mentioned.

• The SWOT analysis and Porter’s Five Forces model are elaborated in the study.

• The value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

Mm Wave Antenna Module Market Key Segments

By Type 

• Household 

• Commercial

By Component 

• Antennas & Transceiver Components

• Communication & Networking Components

• Imaging Components

• Frequency Sources & Related Components

• Sensors & Controls

• Interface Components

• RF & Radio Components

• Power & Battery Components

• Others

By Product 

• Telecommunication Equipment

• Scanning Systems

• Radar and Satellite Communication Systems

• Others

By Frequency Band 

• 24-57 GHz

• 57-95 GHz

• 95-300 GHz

By Application 

• Consumer Electronics

• Communication

• Healthcare

• Industrial

• Automotive & Transportation

• Defense & Aerospace

• Imaging

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

  • Europe

• The UK

  • Germany

  • France    

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Fujikura Ltd

• Qualcomm

• Texas Instruments Inc

• Murata Manufacturing Co Ltd

• Keysight Technologies

• Universal Scientific Industrial

• Siklu Communication

• Axxcss Wireless Solutions

• D3 Engineering

• Smiths Group plc

• Avnet Inc.

• Broadcom Inc.

• NXP Semiconductors N.V.

• Analog Devices Inc.

• Eravant

REPORT SCOPE AND SEGMENTATION

Parameters	Details
Market Size in 2024	USD 5.27 billion
Revenue Forecast in 2030	USD 37.04 billion
Growth Rate	CAGR of 38.4% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	The rising deployment of 5G network fuels the growth of the market. The growing of IoT devices drives the growth of the market. The rapidly expanding automotive sector further fuels the market growth.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 15 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.