Global Millimeter-Wave Imaging Systems Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Millimeter-Wave Imaging Systems industry revenue is expected to be around $7.9 billion in 2025 and expected to showcase growth with 12.5% CAGR between 2025 and 2034. The Millimeter-Wave Imaging Systems market expansion stems from rising demand across defense, healthcare and telecommunications sectors. The systems have gained greater importance because they can penetrate materials while delivering high-resolution images which security checks and medical diagnostics and high-speed data transmission require. The market continues to gain importance because of technological progress and the increasing requirement for efficient surveillance systems in modern times.
Millimeter-Wave Imaging Systems operate in the electromagnetic spectrums millimeter wave band, offering a host of advantages such as less interference, high bandwidth, and the ability to function in adverse weather conditions. These systems find extensive applications in airport security, concealed weapons detection, and healthcare imaging, among others. The recent trend of integrating AI with these systems to enhance image analysis and interpretation has been a significant factor driving the demand.
Market Key Insights
- The Millimeter-Wave Imaging Systems market is projected to grow from $7.0 billion in 2024 to $22.8 billion in 2034. This represents a CAGR of 12.5%, reflecting rising demand across Airport Security, Automotive Radar and Healthcare Diagnostics.
- Thales Group, Smiths Group, NEC Corporation are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Millimeter-Wave Imaging Systems market and are expected to observe the growth CAGR of 11.3% to 15.0% between 2024 and 2030.
- Emerging markets including India, Brazil and South Africa are expected to observe highest growth with CAGR ranging between 8.8% to 13.1%.
- Transition like Advancements in Security Screening is expected to add $638 million to the Millimeter Wave Imaging Systems market growth by 2030.
- The Millimeter-Wave Imaging Systems market is set to add $15.8 billion between 2024 and 2034, with manufacturer targeting Medical & Industrial Inspection Applications projected to gain a larger market share.
- With Increased demand in security applications, and Technological advancements in millimeter wave technology, Millimeter-Wave Imaging Systems market to expand 225% between 2024 and 2034.