Millimeter Wave Absorber Industry Research： the global market size is projected to reach USD 80 million by 2030

A Millimeter Wave Absorber is a specialized material or structure designed to absorb electromagnetic waves in the millimeter-wave frequency range, typically from 30 to 300 gigahertz (GHz). Millimeter waves fall within the microwave frequency range and are used in various applications, including telecommunications, radar systems, imaging, and wireless communication.

According to the new market research report “Millimeter Wave Absorber - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Millimeter Wave Absorber market size is projected to reach USD 80 million by 2030, at a CAGR of 4.8% during the forecast period.

• Global Millimeter Wave Absorber MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Millimeter Wave Absorber - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Millimeter Wave Absorber Top13Players Ranking and Market Share（Continually updated）

Source: QYResearch, "Millimeter Wave Absorber - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of Millimeter Wave Absorber include Laird Technologies (DuPont), Cuming Microwave Corporation, TDK Corporation, Nitto Denko, Microwave Vision Group, Home Sun Technology, Diamond Microwave Chambers, Sekisui Nano Coat Technology, Suzhou Wave-Vector, Chennailabb, etc.

In 2023, the global top five players had a share approximately 85.0% in terms of revenue. Above figure shows the key players ranked by revenue in Millimeter Wave Absorber.

Millimeter Wave Absorber Market Dynamics

Market Drivers:

1. Increasing Demand for Millimeter-Wave Technology: Millimeter-wave technology is gaining traction in various sectors like telecommunications, aerospace and defense, automotive, medical imaging, and industrial applications. This technology offers high data transfer rates, improved bandwidth, and superior resolution, which fuels the demand for millimeter wave absorbers as essential components in these applications.
2. Growing Deployment of 5G Networks: The deployment of 5G networks requires the use of millimeter-wave frequencies to achieve faster and more reliable wireless communication. Millimeter wave absorbers are critical in 5G infrastructure to minimize signal interference, improve the efficiency of communication systems, and enhance network performance.
3. Wireless Communication Advancements: The increasing demand for high-speed wireless communication and emerging technologies like Internet of Things (IoT), autonomous vehicles, and smart cities drives the need for efficient and reliable millimeter-wave communication systems.

Restraint:

One of the key restraints in the millimeter wave absorber market is the high cost associated with the development and manufacturing of these absorbers. Millimeter wave absorbers require specialized materials and advanced manufacturing techniques to meet the stringent performance requirements at high frequencies. These factors contribute to higher production costs, making millimeter wave absorbers relatively expensive compared to absorbers used at lower frequencies.

Opportunity:

1. 5G and Wireless Communication: The deployment of 5G networks and the increasing demand for high-speed wireless communication are driving the need for millimeter wave absorbers. These absorbers play a crucial role in mitigating interference, reducing reflections, and improving signal quality in millimeter wave-based communication systems.
2. Automotive Radar Systems: Millimeter wave absorbers are essential components in automotive radar systems, which play a vital role in advanced driver assistance systems (ADAS) and autonomous driving technologies. These absorbers help reduce unwanted reflections and improve the accuracy and reliability of radar sensors used for collision avoidance, blind-spot detection, and other safety features.

About The Authors

Gege Wu

Lead Author

Email: wugege@qyresearch.com

Tel: +86-15516975783

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

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