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

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

The global Millimeter Wave RF Modules market size is predicted to grow from US$ 312 million in 2025 to US$ 4868 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.

LPI (LP Information)' newest research report, the “Millimeter Wave RF Modules Industry Forecast” 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’ 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: The report will take approximately 2 business days to prepare and deliver.