Global Millimeter Wave Scanner Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Millimeter Wave Scanners are a fusion of sophisticated physics and state of the art engineering that aim to generate detailed 3D images efficiently Using radio waves for scanning and analyzing the reflected waves enables these scanners to inspect items on both their surfaces and within them The increasing popularity of these scanners is due to their exceptional capability to identify various types of objects. Metallic and non metallic alike. Thanks, to their non ionizing characteristics.
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
In the realm of advancements and innovation prowess lies North America as a leading market for Millimeter Wave Scanners dominated by key industry players in a competitive landscape fueled by advancements in next generation scanning technologies through intensive research and development activities. The escalating security demands across sectors such, as airports and corporate domains continue to propel market growth albeit hindered by the obstacle of expensive installation costs.
Europe Outlook
In the Millimeter Wave Scanner market sector of Europe falls behind North America due to security protocols that require cutting edge scanning technologies. The competition is fierce as a few major players are working hard to grow their market presence. There are prospects for growth as security concerns increase and lead to a spike in demand for efficient and fast scanning solutions. However the growth may face obstacles due, to privacy worries.
Market Dynamics and Supply Chain
Driver: Airport Security Upgrades, and Role in Autonomous Vehicles
The shift from generation to 5th generation data services is also positively impacting the market, for millimeter wave scanners as the 5th generation technology heavily also depends upon the millimeter wave spectrum for fast data transmission speeds which in turn is also driving advancements in scanner manufacturing.
Restraint: High Implementation Cost
Opportunity: Expansion into Industrial Quality Control and Integration in the Healthcare Industry
The healthcare sector offers an relatively uncharted field for millimeter wave scanners to explore further possibilities. Their minimal radiation features have the potential to transform imaging by providing a safer and less intrusive option compared to conventional scanning devices. Besides imaging applications this technology could also be beneficial in physiotherapy for relieving muscle discomfort introducing an intriguing avenue, for development.
Challenge: Privacy Concerns
Supply Chain Landscape
Fujitsu
MicroTech
NEC Corporation
Broadcom
L3 Harris Technologies
Smiths Detection
Aviation Industry
National Security Agencies
Fujitsu
MicroTech
NEC Corporation
Broadcom
L3 Harris Technologies
Smiths Detection
Aviation Industry
National Security Agencies
Applications of Millimeter Wave Scanner in Airport Security, Automotive Radar Systems & Advanced Imaging Technology (AIT)
Millimeter Wave Scanners have seen use in improving airport security measures and serving as a strong deterrent, against potential terrorist attacks. These advanced scanners work by sending out radio signals that bounce off the body to generate an image for thorough inspection. Thruvision and L3 Technologies have played roles in expanding the use of these scanners globally.
Millimeter Wave Scanners play a role in healthcare as an advanced imaging technology mainly used for diagnosis and therapy purposes. These scanners enable time and high resolution imaging without physical contact and are particularly valuable for identifying skin cancer and other skin conditions. Leading companies such, as Millivision Technologies are driving the application of this technology in the medical field.
Millimeter Wave Scanners are the go to choice for use in car radar systems to improve vehicle safety by gathering data about the surroundings to prevent collisions and support self driving features in cars. Key players, like Continental AG and Autoliv are spearheading this technology adoption within the sector.
Recent Developments
Smiths Detection introduced a millimeter wave scanner that offers clearer images and fewer false alarms to enhance airport security measures.
Thruvision introduced a version of its millimeter wave scanner with quicker scanning capabilities and a more compact design to meet the growing need for contactless security protocols, at transportation centers.
Leveraging cutting edge technology from L3Harris Technologies is their millimeter wave scanner that incorporates AI. The goal is to enhance security measures by detecting threats more efficiently in crowded public areas.