Millimeter Wave Scanner Market
Millimeter Wave Scanner Market
The market for Millimeter Wave Scanner was estimated at $4.10 billion in 2024; it is anticipated to increase to $6.5 billion by 2030, with projections indicating growth to around $9.5 billion by 2035.
Global Millimeter Wave Scanner Market Outlook
Revenue, 2024 (US$B)
$4.1B
Forecast, 2034 (US$B)
$8.8B
CAGR, 2024 - 2034
7.9%
Market Key Insights
- The Millimeter Wave Scanner market is projected to grow from $4.1 billion in 2024 to $8.8 billion in 2034. This represents a CAGR of 7.9%, reflecting rising demand across Airport Security, Automotive Radar Systems and Advanced Imaging Technology (AIT).
- Thruvision Group, Rohde & Schwarz, Smiths Detection are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Millimeter Wave Scanner market and are expected to observe the growth CAGR of 5.1% to 7.6% between 2024 and 2030.
- Emerging markets including India, Brazil and and South Africa are expected to observe highest growth with CAGR ranging between 9.1% to 10.9%.
- Transition like Accelerated Automation Shift is expected to add $600.0 million to the Millimeter Wave Scanner market growth by 2030
- The Millimeter Wave Scanner market is set to add $4.7 billion between 2024 and 2034, with manufacturer targeting Transport & Military End-Use projected to gain a larger market share.
- With Airport security upgrades, and Advancement in wireless communication, Millimeter Wave Scanner market to expand 114% between 2024 and 2034.
Opportunities in the Millimeter Wave Scanner
Self driving cars are making progress; however challenges with navigating in various conditions and ensuring safety remain present obstacles to overcome. These vehicles can benefit from incorporating millimeter wave scanners to improve the accuracy of object detection and identification, in challenging weather scenarios.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Airport Security Upgrades, and Role in Autonomous Vehicles
Restraint: High Implementation Cost
Opportunity: Expansion into Industrial Quality Control and Integration in the Healthcare Industry
Challenge: Privacy Concerns
Supply Chain Landscape
Raw Material Procurement
Fujitsu
MicroTech
Component Manufacturing
NEC Corporation
Broadcom
Scanner Assembly
L3 Harris Technologies
Smiths Detection
Distribution & End Users
Aviation Industry
National Security Agencies
Raw Material Procurement
Fujitsu
MicroTech
Component Manufacturing
NEC Corporation
Broadcom
Scanner Assembly
L3 Harris Technologies
Smiths Detection
Distribution & End Users
Aviation Industry
National Security Agencies