Millimeter Wave Technology Market Report and Forecast 2025-2034

Published Jul 29, 2025

Length 176 Pages

SKU # EMAR20318760

Description

The global millimeter wave technology market stood at a value of around USD 2.11 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 23.00% reaching a value of USD 16.72 Billion by 2034.

Telecommunication Segment Holds a Significant Share in the Market for Millimeter Wave Technology

Millimeter wave technology is applied in various telecommunication equipment including automotive radars, routers, fibre optic cables, and smartphones, among others, which is driving the market growth. Millimeter wave solutions are ideal choice for 5G backhaul as these solutions provide integrated access, high throughput, economic flexibility, and efficient deployment. In this regard, the increasing application of 5G backhaul in various telecommunication equipment is further propelling the millimeter wave technology market growth.

North America Accounts for a Substantial Share in the Market

The market for millimeter wave technology in the North America region is being driven by the advanced IT infrastructure in the United States and Canada. The increasing demand for technologically advanced IT and wireless broadband services in various industries is accelerating the market growth.

Moreover, the heightened technological advancements in the automotive industry are generating a significant demand for millimeter wave technology, for detection of obstructions in real time, for low latency, collision avoidance systems, and automatic lane keeping, among others. In addition, the increasing investments towards automation in industries such as military and defence, and IT and telecom, are likely to provide impetus to the millimeter wave technology market in the coming years.

Market Segmentation

Millimeter wave technology refers to a band of the electromagnetic spectrum which supports wireless broadband communication services such as high-speed wireless local area network (WLAN). The wavelength of the millimeter wave spectrum can vary between 10 milimeters (30 GHz) and 1 millimeter (300 GHz), and this technology is capable of providing higher rates of data transmission at lower frequencies.

Based on product, the market can be segmented into:

Telecommunication Equipment
Imaging and Scanning Systems
Radar and Satellite Communication Systems

On the basis of component, the market can be broadly categorised into:

Antennas and Transceivers
Amplifiers
Control Devices
Oscillators
Frequency Converters
Passive Components
Others

Based on frequency band, the market is segmented into:

V-band
E-band
Others

On the basis of applications, the is categorised into:

Military and Defence
Telecommunication
Automotive and Transport
Electronics and Semiconductor
Healthcare
Security
Others

The regional markets for the product include:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Increasing Demand for High Bandwidth Capacity is Driving the Market for Millimeter Wave Technology

The increasing demand for high bandwidth capacity in commercial and industrial sectors is driving the millimeter wave technology market growth. In addition, the heightened adoption of smart appliances and gadgets, coupled with the increasing penetration of the Internet of Things is accelerating the demand for millimeter waves.

Moreover, millimeter waves can wirelessly transmit ultra-high definition videos to HDTV. Hence, the growing need for fast and efficient ways of transmitting and storing HD multimedia content is furthering the demand for millimeter wave technology.

Over the forecast period, the increasing demand for millimeter wave technology for satellite communication owing to the increasing research and development in space research organisations and aerospace and defence sectors are anticipated to accelerate the market growth.

Key Players in the Global Millimeter Wave Technology Market

The report gives a detailed analysis of the following key players in the global market for millimeter wave technology, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

Aviat Networks, Inc.
Siklu Communication Ltd.
E-band Communications LLC
Sage Millimeter, Inc.
Bridgewave Communications, Inc.
Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

1 Executive Summary: 1.1 Market Size 2024-2025; 1.2 Market Growth 2025(F)-2034(F); 1.3 Key Demand Drivers; 1.4 Key Players and Competitive Structure; 1.5 Industry Best Practices; 1.6 Recent Trends and Developments; 1.7 Industry Outlook
2 Market Overview and Stakeholder Insights: 2.1 Market Trends; 2.2 Key Verticals; 2.3 Key Regions; 2.4 Supplier Power; 2.5 Buyer Power; 2.6 Key Market Opportunities and Risks; 2.7 Key Initiatives by Stakeholders
3 Economic Summary: 3.1 GDP Outlook; 3.2 GDP Per Capita Growth; 3.3 Inflation Trends; 3.4 Democracy Index; 3.5 Gross Public Debt Ratios; 3.6 Balance of Payment (BoP) Position; 3.7 Population Outlook; 3.8 Urbanisation Trends
4 Country Risk Profiles: 4.1 Country Risk; 4.2 Business Climate
5 Global Millimeter Wave Technology Market Analysis: 5.1 Key Industry Highlights; 5.2 Global Millimeter Wave Technology Historical Market (2018-2024); 5.3 Global Millimeter Wave Technology Market Forecast (2025-2034); 5.4 Global Millimeter Wave Technology Market by Product; 5.4.1 Telecommunication Equipment; 5.4.1.1 Market Share; 5.4.1.2 Historical Trend (2018-2024); 5.4.1.3 Forecast Trend (2025-2034); 5.4.2 Imaging and Scanning Systems; 5.4.2.1 Market Share; 5.4.2.2 Historical Trend (2018-2024); 5.4.2.3 Forecast Trend (2025-2034); 5.4.3 Radar and Satellite Communication Systems; 5.4.3.1 Market Share; 5.4.3.2 Historical Trend (2018-2024); 5.4.3.3 Forecast Trend (2025-2034); 5.5 Global Millimeter Wave Technology Market by Component; 5.5.1 Antennas and Transceivers; 5.5.1.1 Market Share; 5.5.1.2 Historical Trend (2018-2024); 5.5.1.3 Forecast Trend (2025-2034); 5.5.2 Amplifiers; 5.5.2.1 Market Share; 5.5.2.2 Historical Trend (2018-2024); 5.5.2.3 Forecast Trend (2025-2034); 5.5.3 Control Devices; 5.5.3.1 Market Share; 5.5.3.2 Historical Trend (2018-2024); 5.5.3.3 Forecast Trend (2025-2034); 5.5.4 Oscillators; 5.5.4.1 Market Share; 5.5.4.2 Historical Trend (2018-2024); 5.5.4.3 Forecast Trend (2025-2034); 5.5.5 Frequency Converters; 5.5.5.1 Market Share; 5.5.5.2 Historical Trend (2018-2024); 5.5.5.3 Forecast Trend (2025-2034); 5.5.6 Passive Components; 5.5.6.1 Market Share; 5.5.6.2 Historical Trend (2018-2024); 5.5.6.3 Forecast Trend (2025-2034); 5.5.7 Others; 5.6 Global Millimeter Wave Technology Market by Frequency Band; 5.6.1 V-band; 5.6.1.1 Market Share; 5.6.1.2 Historical Trend (2018-2024); 5.6.1.3 Forecast Trend (2025-2034); 5.6.2 E-band; 5.6.2.1 Market Share; 5.6.2.2 Historical Trend (2018-2024); 5.6.2.3 Forecast Trend (2025-2034); 5.6.3 Others; 5.7 Global Millimeter Wave Technology Market by Application; 5.7.1 Military and Defence; 5.7.1.1 Market Share; 5.7.1.2 Historical Trend (2018-2024); 5.7.1.3 Forecast Trend (2025-2034); 5.7.2 Telecommunication; 5.7.2.1 Market Share; 5.7.2.2 Historical Trend (2018-2024); 5.7.2.3 Forecast Trend (2025-2034); 5.7.3 Automotive and Transport; 5.7.3.1 Market Share; 5.7.3.2 Historical Trend (2018-2024); 5.7.3.3 Forecast Trend (2025-2034); 5.7.4 Electronics and Semiconductor; 5.7.4.1 Market Share; 5.7.4.2 Historical Trend (2018-2024); 5.7.4.3 Forecast Trend (2025-2034); 5.7.5 Healthcare; 5.7.5.1 Market Share; 5.7.5.2 Historical Trend (2018-2024); 5.7.5.3 Forecast Trend (2025-2034); 5.7.6 Security; 5.7.6.1 Market Share; 5.7.6.2 Historical Trend (2018-2024); 5.7.6.3 Forecast Trend (2025-2034); 5.7.7 Others; 5.8 Global Millimeter Wave Technology Market by Region; 5.8.1 Market Share; 5.8.1.1 North America; 5.8.1.2 Europe; 5.8.1.3 Asia Pacific; 5.8.1.4 Latin America; 5.8.1.5 Middle East and Africa
6 Regional Analysis: 6.1 North America; 6.1.1 Historical Trend (2018-2024); 6.1.2 Forecast Trend (2025-2034); 6.1.3 Breakup by Country; 6.1.3.1 United States of America; 6.1.3.2 Canada; 6.2 Europe; 6.2.1 Historical Trend (2018-2024); 6.2.2 Forecast Trend (2025-2034); 6.2.3 Breakup by Country; 6.2.3.1 United Kingdom; 6.2.3.2 Germany; 6.2.3.3 France; 6.2.3.4 Italy; 6.2.3.5 Others; 6.3 Asia Pacific; 6.3.1 Historical Trend (2018-2024); 6.3.2 Forecast Trend (2025-2034); 6.3.3 Breakup by Country; 6.3.3.1 China; 6.3.3.2 Japan; 6.3.3.3 India; 6.3.3.4 ASEAN; 6.3.3.5 Australia; 6.3.3.6 Others; 6.4 Latin America; 6.4.1 Historical Trend (2018-2024); 6.4.2 Forecast Trend (2025-2034); 6.4.3 Breakup by Country; 6.4.3.1 Brazil; 6.4.3.2 Argentina; 6.4.3.3 Mexico; 6.4.3.4 Others; 6.5 Middle East and Africa; 6.5.1 Historical Trend (2018-2024); 6.5.2 Forecast Trend (2025-2034); 6.5.3 Breakup by Country; 6.5.3.1 Saudi Arabia; 6.5.3.2 United Arab Emirates; 6.5.3.3 Nigeria; 6.5.3.4 South Africa; 6.5.3.5 Others
7 Market Dynamics: 7.1 SWOT Analysis; 7.1.1 Strengths; 7.1.2 Weaknesses; 7.1.3 Opportunities; 7.1.4 Threats; 7.2 Porter’s Five Forces Analysis; 7.2.1 Supplier’s Power; 7.2.2 Buyer’s Power; 7.2.3 Threat of New Entrants; 7.2.4 Degree of Rivalry; 7.2.5 Threat of Substitutes; 7.3 Key Indicators for Demand; 7.4 Key Indicators for Price
8 Competitive Landscape: 8.1 Supplier Selection; 8.2 Key Global Players; 8.3 Key Regional Players; 8.4 Key Player Strategies; 8.5 Company Profiles; 8.5.1 Aviat Networks, Inc.; 8.5.1.1 Company Overview; 8.5.1.2 Product Portfolio; 8.5.1.3 Demographic Reach and Achievements; 8.5.1.4 Certifications; 8.5.2 Siklu Communication Ltd.; 8.5.2.1 Company Overview; 8.5.2.2 Product Portfolio; 8.5.2.3 Demographic Reach and Achievements; 8.5.2.4 Certifications; 8.5.3 E-band Communications LLC; 8.5.3.1 Company Overview; 8.5.3.2 Product Portfolio; 8.5.3.3 Demographic Reach and Achievements; 8.5.3.4 Certifications; 8.5.4 Sage Millimeter, Inc.; 8.5.4.1 Company Overview; 8.5.4.2 Product Portfolio; 8.5.4.3 Demographic Reach and Achievements; 8.5.4.4 Certifications; 8.5.5 Bridgewave Communications, Inc.; 8.5.5.1 Company Overview; 8.5.5.2 Product Portfolio; 8.5.5.3 Demographic Reach and Achievements; 8.5.5.4 Certifications; 8.5.6 Others

Pricing

Currency Rates

Single User Email from Publisher $3,599
Global Site License Email from Publisher $5,099

How Do Licenses Work?

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.

Chat Now