The Latin America, Middle East and Africa Millimeter Wave Sensors and Modules Market is expected to witness market growth of 14.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Millimeter Wave Sensors and Modules Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.93 billion by 2031. The Argentina market is showcasing a CAGR of 15.8% during 2024-2031. Additionally, the UAE market is registering a CAGR of 13.4% during 2024-2031.
The media and entertainment industry also leverages mmWave technology for ultra-high-definition streaming, augmented reality (AR), and virtual reality (VR). mmWave modules revolutionize the production, distribution, and consumption of content by facilitating quicker data transfer and reduced latency. For example, live event broadcasting in Los Angeles utilizes mmWave technology to deliver immersive viewing experiences, bringing events closer to audiences worldwide.
The integration of millimeter wave sensors with AI and machine learning (ML) is further driving innovation across industries by enhancing data analysis, object detection, and pattern recognition. In the automotive industry, AI-powered mmWave sensors are essential for driverless vehicles and ADAS. Similarly, AI-enhanced mmWave sensors enable high-resolution imaging and non-invasive diagnostics in healthcare.
The LAMEA region is witnessing a growing demand for millimeter wave (mmWave) sensors and modules, driven by advancements in telecommunications, smart infrastructure development, and defense applications. Countries in the region are investing in mmWave technology to support critical operations in remote and challenging environments, such as oil fields, deserts, and industrial plants. Chile is adopting mmWave technology through its commitment to smart city initiatives and renewable energy projects under the Plan Nacional de Energía 2050 (National Energy Plan 2050). mmWave sensors are used for resource optimization and monitoring in energy and transportation systems. Chile’s growing focus on autonomous transportation and industrial automation drives the demand for mmWave modules, positioning the nation as a leader in technological adoption in Latin America. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.
The Brazil market dominated the LAMEA Millimeter Wave Sensors and Modules Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $1.93 billion by 2031. The Argentina market is showcasing a CAGR of 15.8% during 2024-2031. Additionally, the UAE market is registering a CAGR of 13.4% during 2024-2031.
The media and entertainment industry also leverages mmWave technology for ultra-high-definition streaming, augmented reality (AR), and virtual reality (VR). mmWave modules revolutionize the production, distribution, and consumption of content by facilitating quicker data transfer and reduced latency. For example, live event broadcasting in Los Angeles utilizes mmWave technology to deliver immersive viewing experiences, bringing events closer to audiences worldwide.
The integration of millimeter wave sensors with AI and machine learning (ML) is further driving innovation across industries by enhancing data analysis, object detection, and pattern recognition. In the automotive industry, AI-powered mmWave sensors are essential for driverless vehicles and ADAS. Similarly, AI-enhanced mmWave sensors enable high-resolution imaging and non-invasive diagnostics in healthcare.
The LAMEA region is witnessing a growing demand for millimeter wave (mmWave) sensors and modules, driven by advancements in telecommunications, smart infrastructure development, and defense applications. Countries in the region are investing in mmWave technology to support critical operations in remote and challenging environments, such as oil fields, deserts, and industrial plants. Chile is adopting mmWave technology through its commitment to smart city initiatives and renewable energy projects under the Plan Nacional de Energía 2050 (National Energy Plan 2050). mmWave sensors are used for resource optimization and monitoring in energy and transportation systems. Chile’s growing focus on autonomous transportation and industrial automation drives the demand for mmWave modules, positioning the nation as a leader in technological adoption in Latin America. Thus, the region will present lucrative growth opportunities for the market throughout the forecast period.
List of Key Companies Profiled
- Texas Instruments, Inc.
- NEC Corporation
- Keysight Technologies, Inc.
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- MediaTek, Inc.
- Infineon Technologies AG
- Smiths Group PLC
- Eravant, Inc.
- Mistral Solutions Pvt. Ltd. (Axicades Technologies)
- QuinStar Technology, Inc.
Market Report Segmentation
By Frequency Band- E-Band
- V-Band
- Other Frequency Band
- Telecommunications
- Security
- Military & Defense
- Automotive & Transport
- Electronics & Semiconductor
- Other Application
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. LAMEA Millimeter Wave Sensors and Modules Market by Frequency Band
Chapter 6. LAMEA Millimeter Wave Sensors and Modules Market by Application
Chapter 7. LAMEA Millimeter Wave Sensors and Modules Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Texas Instruments, Inc.
- NEC Corporation
- Keysight Technologies, Inc.
- Qualcomm Incorporated (Qualcomm Technologies, Inc.)
- MediaTek, Inc.
- Infineon Technologies AG
- Smiths Group PLC
- Eravant, Inc.
- Mistral Solutions Pvt. Ltd. (Axicades Technologies)
- QuinStar Technology, Inc.
Methodology
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