Global Millimeter Wave RF Modules Market Growth (Status and Outlook) 2025-2031

Publication ID:

LPI04252631

Publication Date:

April 25, 2025

Pages:

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Internet [2]

Computing & Electronics [3]

Description:

The global Millimeter Wave RF Modules market size is predicted to grow from US$ 469 million in 2025 to US$ 7322 million in 2031; it is expected to grow at a CAGR of 58.1% from 2025 to 2031.
RF modules (Radio Frequency module) are electronic devices used to transmit and/or receive radio signals between two devices. Millimeter waves occupy in the Extremely High Frequency band (30 GHz to 300 GHz) of radio frequency spectrum. This frequency band has wavelength ranging from 10mm to 1 mm and thus called millimeter waves. Circuits have become denser as radio frequency (RF) applications begin to take advantage of millimeter wave (mmWave) frequencies.
The global millimeter wave RF modules market is expected to grow at a robust compound annual growth rate (CAGR) over the next several years. With the continued deployment of 5G networks, advancements in automotive radar, and the expanding use of millimeter wave technology in defense, satellite, and healthcare industries, the market's growth is set to accelerate.
North America is one of the largest markets for millimeter wave RF modules due to early 5G adoption, strong demand from the defense sector, and a mature automotive market.
Asia-Pacific is expected to experience the fastest growth, driven by 5G rollouts in countries like China, Japan, and South Korea, as well as the growing automotive and manufacturing industries.
Europe is also witnessing growing demand, particularly in telecommunications and defense applications, as well as increasing investments in smart city initiatives that leverage millimeter wave technology.
Global key players of Millimeter Wave RF Modules include Murata, Fujikura, Qualcomm, STMicroelectronics, etc. The top two players hold a share over 96%. North America is the largest market, has a share about 91%, followed by Europe and Asia-Pacific, with share 4% and 2%, separately. In terms of product type, 60GHz RF Module is the largest segment, occupied for a share of 86%, and in terms of application, Wide-band Communication has a share about 97 percent.
The 鈥淢illimeter Wave RF Modules Industry Forecast鈥� looks at past sales and reviews total world Millimeter Wave RF Modules sales in 2024, providing a comprehensive analysis by region and market sector of projected Millimeter Wave RF Modules sales for 2025 through 2031. With Millimeter Wave RF Modules sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Millimeter Wave RF Modules industry.
This Insight Report provides a comprehensive analysis of the global Millimeter Wave RF Modules landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Millimeter Wave RF Modules portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Millimeter Wave RF Modules market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Millimeter Wave RF Modules and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Millimeter Wave RF Modules.
This report presents a comprehensive overview, market shares, and growth opportunities of Millimeter Wave RF Modules market by product type, application, key players and key regions and countries.
Segmentation by Type:
28GHz RF Module
60GHz RF Module
Segmentation by Application:
Wide-band Communication
V2X Communication
Wireless Mesh Networks
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Murata
Fujikura
Qualcomm
STMicroelectronics

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Millimeter Wave RF Modules Market Size (2020-2031)
2.1.2 Millimeter Wave RF Modules Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for Millimeter Wave RF Modules by Country/Region (2020, 2024 & 2031)
2.2 Millimeter Wave RF Modules Segment by Type
2.2.1 28GHz RF Module
2.2.2 60GHz RF Module
2.3 Millimeter Wave RF Modules Market Size by Type
2.3.1 Millimeter Wave RF Modules Market Size CAGR by Type (2020 VS 2024 VS 2031)
2.3.2 Global Millimeter Wave RF Modules Market Size Market Share by Type (2020-2025)
2.4 Millimeter Wave RF Modules Segment by Application
2.4.1 Wide-band Communication
2.4.2 V2X Communication
2.4.3 Wireless Mesh Networks
2.4.4 Others
2.5 Millimeter Wave RF Modules Market Size by Application
2.5.1 Millimeter Wave RF Modules Market Size CAGR by Application (2020 VS 2024 VS 2031)
2.5.2 Global Millimeter Wave RF Modules Market Size Market Share by Application (2020-2025)
3 Millimeter Wave RF Modules Market Size by Player
3.1 Millimeter Wave RF Modules Market Size Market Share by Player
3.1.1 Global Millimeter Wave RF Modules Revenue by Player (2020-2025)
3.1.2 Global Millimeter Wave RF Modules Revenue Market Share by Player (2020-2025)
3.2 Global Millimeter Wave RF Modules Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Millimeter Wave RF Modules by Region
4.1 Millimeter Wave RF Modules Market Size by Region (2020-2025)
4.2 Global Millimeter Wave RF Modules Annual Revenue by Country/Region (2020-2025)
4.3 Americas Millimeter Wave RF Modules Market Size Growth (2020-2025)
4.4 APAC Millimeter Wave RF Modules Market Size Growth (2020-2025)
4.5 Europe Millimeter Wave RF Modules Market Size Growth (2020-2025)
4.6 Middle East & Africa Millimeter Wave RF Modules Market Size Growth (2020-2025)
5 Americas
5.1 Americas Millimeter Wave RF Modules Market Size by Country (2020-2025)
5.2 Americas Millimeter Wave RF Modules Market Size by Type (2020-2025)
5.3 Americas Millimeter Wave RF Modules Market Size by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Millimeter Wave RF Modules Market Size by Region (2020-2025)
6.2 APAC Millimeter Wave RF Modules Market Size by Type (2020-2025)
6.3 APAC Millimeter Wave RF Modules Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Millimeter Wave RF Modules Market Size by Country (2020-2025)
7.2 Europe Millimeter Wave RF Modules Market Size by Type (2020-2025)
7.3 Europe Millimeter Wave RF Modules Market Size by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Millimeter Wave RF Modules by Region (2020-2025)
8.2 Middle East & Africa Millimeter Wave RF Modules Market Size by Type (2020-2025)
8.3 Middle East & Africa Millimeter Wave RF Modules Market Size by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Millimeter Wave RF Modules Market Forecast
10.1 Global Millimeter Wave RF Modules Forecast by Region (2026-2031)
10.1.1 Global Millimeter Wave RF Modules Forecast by Region (2026-2031)
10.1.2 Americas Millimeter Wave RF Modules Forecast
10.1.3 APAC Millimeter Wave RF Modules Forecast
10.1.4 Europe Millimeter Wave RF Modules Forecast
10.1.5 Middle East & Africa Millimeter Wave RF Modules Forecast
10.2 Americas Millimeter Wave RF Modules Forecast by Country (2026-2031)
10.2.1 United States Market Millimeter Wave RF Modules Forecast
10.2.2 Canada Market Millimeter Wave RF Modules Forecast
10.2.3 Mexico Market Millimeter Wave RF Modules Forecast
10.2.4 Brazil Market Millimeter Wave RF Modules Forecast
10.3 APAC Millimeter Wave RF Modules Forecast by Region (2026-2031)
10.3.1 China Millimeter Wave RF Modules Market Forecast
10.3.2 Japan Market Millimeter Wave RF Modules Forecast
10.3.3 Korea Market Millimeter Wave RF Modules Forecast
10.3.4 Southeast Asia Market Millimeter Wave RF Modules Forecast
10.3.5 India Market Millimeter Wave RF Modules Forecast
10.3.6 Australia Market Millimeter Wave RF Modules Forecast
10.4 Europe Millimeter Wave RF Modules Forecast by Country (2026-2031)
10.4.1 Germany Market Millimeter Wave RF Modules Forecast
10.4.2 France Market Millimeter Wave RF Modules Forecast
10.4.3 UK Market Millimeter Wave RF Modules Forecast
10.4.4 Italy Market Millimeter Wave RF Modules Forecast
10.4.5 Russia Market Millimeter Wave RF Modules Forecast
10.5 Middle East & Africa Millimeter Wave RF Modules Forecast by Region (2026-2031)
10.5.1 Egypt Market Millimeter Wave RF Modules Forecast
10.5.2 South Africa Market Millimeter Wave RF Modules Forecast
10.5.3 Israel Market Millimeter Wave RF Modules Forecast
10.5.4 Turkey Market Millimeter Wave RF Modules Forecast
10.6 Global Millimeter Wave RF Modules Forecast by Type (2026-2031)
10.7 Global Millimeter Wave RF Modules Forecast by Application (2026-2031)
10.7.1 GCC Countries Market Millimeter Wave RF Modules Forecast
11 Key Players Analysis
11.1 Murata
11.1.1 Murata Company Information
11.1.2 Murata Millimeter Wave RF Modules Product Offered
11.1.3 Murata Millimeter Wave RF Modules Revenue, Gross Margin and Market Share (2020-2025)
11.1.4 Murata Main Business Overview
11.1.5 Murata Latest Developments
11.2 Fujikura
11.2.1 Fujikura Company Information
11.2.2 Fujikura Millimeter Wave RF Modules Product Offered
11.2.3 Fujikura Millimeter Wave RF Modules Revenue, Gross Margin and Market Share (2020-2025)
11.2.4 Fujikura Main Business Overview
11.2.5 Fujikura Latest Developments
11.3 Qualcomm
11.3.1 Qualcomm Company Information
11.3.2 Qualcomm Millimeter Wave RF Modules Product Offered
11.3.3 Qualcomm Millimeter Wave RF Modules Revenue, Gross Margin and Market Share (2020-2025)
11.3.4 Qualcomm Main Business Overview
11.3.5 Qualcomm Latest Developments
11.4 STMicroelectronics
11.4.1 STMicroelectronics Company Information
11.4.2 STMicroelectronics Millimeter Wave RF Modules Product Offered
11.4.3 STMicroelectronics Millimeter Wave RF Modules Revenue, Gross Margin and Market Share (2020-2025)
11.4.4 STMicroelectronics Main Business Overview
11.4.5 STMicroelectronics Latest Developments
12 Research Findings and Conclusion

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