Millimeter Wave Equipment

Global Millimeter Wave Equipment Market to Reach US$7.6 Billion by 2030

The global market for Millimeter Wave Equipment estimated at US$2.8 Billion in the year 2024, is expected to reach US$7.6 Billion by 2030, growing at a CAGR of 18.1% over the analysis period 2024-2030. Telecommunication Equipment, one of the segments analyzed in the report, is expected to record a 17.9% CAGR and reach US$5.3 Billion by the end of the analysis period. Growth in the Radar & Satellite Communication Systems segment is estimated at 20.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$767.3 Million While China is Forecast to Grow at 17.1% CAGR

The Millimeter Wave Equipment market in the U.S. is estimated at US$767.3 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 17.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 16.0% and 15.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.9% CAGR.

Global Millimeter Wave Equipment Market - Key Trends and Drivers Summarized

Millimeter wave (mmWave) technology is setting the stage for future advancements in telecommunications, characterized by its high-speed, high-capacity, and low-latency capabilities. As we progress from 5G and look towards 6G technologies, the importance of mmWave frequencies becomes increasingly pronounced, especially as we approach the potential utilization of the sub-terahertz (THz) bands in the 2030s. The need for such robust communication systems is underscored by the exponential growth in mobile communication traffic driven by smartphones, the Internet of Things (IoT), and multimedia services. This technology meets the demands for handling massive data volumes with minimal latency, making it ideal for next-generation applications across various sectors including healthcare, industrial automation, and high-definition content streaming like 4K and 8K videos.

The strategic deployment of mmWave technology not only enhances network capabilities but also offers substantial economic and energy efficiencies. High-density environments such as stadiums and shopping malls, which experience significant data traffic, can benefit from mmWave`s ability to provide necessary bandwidth efficiently and cost-effectively. The technology`s use extends to innovative applications facilitated by its high linearity and broad bandwidth capabilities. For instance, mmWave can support advanced sensing and precise positioning applications that are critical in developing smart city infrastructures and autonomous systems. The continuous evolution of mmWave technology promises not only to improve current telecommunication services but also to spearhead innovations that integrate deeper into our social and industrial fabric, enhancing the efficiency of services and the overall quality of life.

The growth of the mmWave technology market is fueled by various drivers that align with broader technological and infrastructural developments. The integration of mmWave technology into modernizing infrastructures allows for enhanced communication system performance without complete overhauls, making it an attractive option for stakeholders looking for cost-effective technological upgrades. Improvements in semiconductor manufacturing have reduced the costs of mmWave components, increasing the accessibility of the technology. The global rollout of 5G networks boosts demand for mmWave equipment, essential for supporting ultra-high frequency operations. Additionally, regulatory changes facilitating spectrum allocation for mmWave frequencies expand the technology`s applications. Consumer expectations for immediate and reliable connectivity in densely populated areas further accelerate the adoption of mmWave technologies, which provide significantly faster connections than traditional technologies. The versatility of mmWave is also demonstrated in its increasing use in sectors such as automotive for autonomous vehicles and in manufacturing for industrial IoT applications. The proliferation of devices compatible with mmWave frequencies and the development of supporting ecosystems are crucial for its widespread adoption, ensuring mmWave technology remains integral to the future landscape of global telecommunications.

SCOPE OF STUDY:

The report analyzes the Millimeter Wave Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Telecommunication Equipment, Radar & Satellite Communication Systems, Scanner Systems, Other Types); End-Use (Mobile & Telecommunications, Aerospace & Defense, Automotive & Transportation, Consumer, Commercial, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 36 Featured) -

• Aviat Networks, Inc.
• Bridgewave Communications
• DragonWave, Inc.
• E-Band Communications
• ELVA-1 Millimeter Wave Division
• Intracom Telecom
• NEC Corporation
• Siklu Communication Ltd
• Trex Enterprises Corporation

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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