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Global Millimeter Wave Technology Market Size Study by Product (Scanning System, Telecommunication Equipment, Radar & Satellite Communication System, Others), by License Type, by Component, by Frequency Band, by End Use, and Regional Forecasts 2024-2034

Publisher Factview Research
Published Aug 18, 2025
Length 285 Pages
SKU # FAVR20464310

Description

The Global Millimeter Wave Technology Market is valued at approximately USD 6.6465 billion in 2024 and is anticipated to witness a robust compound annual growth rate (CAGR) of 20.50% over the forecast period 2024-2034Millimeter wave technology is revolutionizing the communication and sensing landscapes, offering unmatched potential for ultra-high bandwidth and seamless connectivity. Leveraging the unique properties of electromagnetic waves within the millimeter range, this technology is carving a niche in applications ranging from telecommunications to security and automotive radar.

The rapid expansion of 5G networks is a key driver fueling the adoption of millimeter wave technology. With its ability to deliver unprecedented data speeds, reduced latency, and enhanced network efficiency, millimeter waves are at the forefront of next-generation communication systems. Additionally, the increasing deployment of advanced radar systems in automotive and aerospace sectors underscores the indispensable role of this technology. Enhanced scanning systems, satellite communications, and telecommunication equipment are also harnessing millimeter wave frequencies to ensure optimal performance and reliability.

Despite its promising growth trajectory, the millimeter wave technology market faces challenges such as high deployment costs and signal attenuation issues over longer distances. However, ongoing advancements in antenna designs and beamforming technologies are addressing these limitations, paving the way for widespread adoption across industries. Furthermore, governments and private stakeholders are heavily investing in research and development, strengthening the foundation for future innovations and market expansion.

Geographically, North America dominated the millimeter wave technology market in 2024, buoyed by a strong ecosystem of technology pioneers and substantial investments in telecommunications and defense infrastructure. Europe, with its robust regulatory frameworks and growing demand for advanced automotive radar systems, is another critical player. Meanwhile, the Asia-Pacific region is poised to witness the fastest growth, driven by the proliferation of 5G networks, rising industrial automation, and increasing adoption of connected devices.

Major market players included in this report are:
  • Qualcomm Technologies, Inc.
  • Keysight Technologies, Inc.
  • SAGE Millimeter, Inc.
  • Aviat Networks, Inc.
  • BridgeWave Communications, Inc.
  • Siklu Communication, Ltd.
  • NEC Corporation
  • Farran Technology Ltd.
  • LightPointe Communications, Inc.
  • L3Harris Technologies, Inc.
  • E-Band Communications, LLC
  • Millitech, Inc.
  • Smiths Group PLC
  • Anokiwave, Inc.
  • Vubiq Networks, Inc.
The detailed segments and sub-segments of the market are explained below:

By Product
  • Scanning System
  • Telecommunication Equipment
  • Radar & Satellite Communication System
  • Others
By License Type
  • Licensed
  • Unlicensed
  • Light Licensed
By Component
  • Antennas & Transceivers
  • Communication & Networking Components
  • Frequency Components & Related Services
  • Imaging Components
  • RF & Radio Components
  • Sensors & Controls
By Frequency Band
  • 24 GHz to 57 GHz
  • 57 GHz to 86 GHz
  • 86 GHz and Above
By End Use
  • Telecommunication
  • Automotive & Transportation
  • Healthcare
  • Aerospace & Defense
  • Electronics & Semiconductor
  • Others
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific
Latin America
  • Brazil
  • Mexico
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
Years considered for the study are as follows:
  • Historical year – 2023
  • Base year – 2024
  • Forecast period – 2024 to 2034
Key Takeaways:
  • Market estimates and forecasts for a 10-year period from 2024 to 2034.
  • Regional-level and annualized revenue analysis for each market segment.
  • Comprehensive analysis of the competitive landscape, including key strategies of major players.
  • Insights into demand-side and supply-side market dynamics.
  • Recommendations for key stakeholders based on in-depth market analysis.

Table of Contents

285 Pages
Chapter 1. Global Millimeter Wave Technology Market Executive Summary
1.1. Global Millimeter Wave Technology Market Size & Forecast (2024-2034)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product
1.3.2. By License Type
1.3.3. By Component
1.3.4. By Frequency Band
1.3.5. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6 Investment Analysis
1.7 Investment Rationale
1.8. Analyst Recommendation & Conclusion
Chapter 2. Global Millimeter Wave Technology Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Millimeter Wave Technology Market Dynamics
3.1. Market Drivers
3.1.1. Rapid Expansion of 5G Networks
3.1.2. Increasing Deployment of Advanced Radar Systems
3.1.3. Growing Demand for High-Bandwidth Applications
3.2. Market Challenges
3.2.1. High Deployment Costs
3.2.2. Signal Attenuation Over Longer Distances
3.3. Market Opportunities
3.3.1. Advancements in Antenna Designs and Beamforming Technologies
3.3.2. Government and Private Sector Investments in R&D
3.3.3. Expansion into Emerging Markets and Industries
Chapter 4. Global Millimeter Wave Technology Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Millimeter Wave Technology Market Size & Forecasts by Product 2022-2032
5.1. Segment Dashboard
5.2. Global Millimeter Wave Technology Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. Scanning System
5.2.2. Telecommunication Equipment
5.2.3. Radar & Satellite Communication System
5.2.4. Others
Chapter 6. Global Millimeter Wave Technology Market Size & Forecasts by License Type 2022-2032
6.1. Segment Dashboard
6.2. Global Millimeter Wave Technology Market: License Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Licensed
6.2.2. Unlicensed
6.2.3. Light Licensed
Chapter 7. Global Millimeter Wave Technology Market Size & Forecasts by Component 2022-2032
7.1. Segment Dashboard
7.2. Global Millimeter Wave Technology Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.1. Antennas & Transceivers
7.2.2. Communication & Networking Components
7.2.3. Frequency Components & Related Services
7.2.4. Imaging Components
7.2.5. RF & Radio Components
7.2.6. Sensors & Controls
Chapter 8. Global Millimeter Wave Technology Market Size & Forecasts by Frequency Band 2022-2032
8.1. Segment Dashboard
8.2. Global Millimeter Wave Technology Market: Frequency Band Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
8.2.1. 24 GHz to 57 GHz
8.2.2. 57 GHz to 86 GHz
8.2.3. 86 GHz and Above
Chapter 9. Global Millimeter Wave Technology Market Size & Forecasts by End Use 2022-2032
9.1. Segment Dashboard
9.2. Global Millimeter Wave Technology Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
9.2.1. Telecommunication
9.2.2. Automotive & Transportation
9.2.3. Healthcare
9.2.4. Aerospace & Defense
9.2.5. Electronics & Semiconductor
9.2.6. Others
Chapter 10. Global Millimeter Wave Technology Market Size & Forecasts by Region 2022-2032
10.1. North America Millimeter Wave Technology Market
10.1.1. U.S. Millimeter Wave Technology Market
10.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
10.1.1.2. License Type Breakdown Size & Forecasts, 2022-2032
10.1.2. Canada Millimeter Wave Technology Market
10.2. Europe Millimeter Wave Technology Market
10.2.1. UK Millimeter Wave Technology Market
10.2.2. Germany Millimeter Wave Technology Market
10.2.3. France Millimeter Wave Technology Market
10.2.4. Spain Millimeter Wave Technology Market
10.2.5. Italy Millimeter Wave Technology Market
10.2.6. Rest of Europe Millimeter Wave Technology Market
10.3. Asia-Pacific Millimeter Wave Technology Market
10.3.1. China Millimeter Wave Technology Market
10.3.2. India Millimeter Wave Technology Market
10.3.3. Japan Millimeter Wave Technology Market
10.3.4. Australia Millimeter Wave Technology Market
10.3.5. South Korea Millimeter Wave Technology Market
10.3.6. Rest of Asia Pacific Millimeter Wave Technology Market
10.4. Latin America Millimeter Wave Technology Market
10.4.1. Brazil Millimeter Wave Technology Market
10.4.2. Mexico Millimeter Wave Technology Market
10.4.3. Rest of Latin America Millimeter Wave Technology Market
10.5. Middle East & Africa Millimeter Wave Technology Market
10.5.1. Saudi Arabia Millimeter Wave Technology Market
10.5.2. South Africa Millimeter Wave Technology Market
10.5.3. Rest of Middle East & Africa Millimeter Wave Technology Market
Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Qualcomm Technologies, Inc.
11.1.2. Keysight Technologies, Inc.
11.1.3. SAGE Millimeter, Inc.
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Qualcomm Technologies, Inc.
11.3.1.1. Key Information
11.3.1.2. Overview
11.3.1.3. Financial (Subject to Data Availability)
11.3.1.4. Product Summary
11.3.1.5. Market Strategies
11.3.2. Keysight Technologies, Inc.
11.3.3. SAGE Millimeter, Inc.
11.3.4. Aviat Networks, Inc.
11.3.5. BridgeWave Communications, Inc.
11.3.6. Siklu Communication, Ltd.
11.3.7. NEC Corporation
11.3.8. Farran Technology Ltd.
11.3.9. LightPointe Communications, Inc.
11.3.10. L3Harris Technologies, Inc.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes

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