U.S. Millimeter Wave (MMW) Technology Market Size, Share, Trends, & Industry Analysis Report By Product (Telecommunication Equipment, Imaging & Scanning Systems), By Component, By Frequency Band, By Application – Market Forecast, 2025–2034
Description
The U.S. millimeter wave (MMW) technology market size is expected to reach USD 11.14 Billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Millimeter Wave (MMW) Technology Market Size, Share, Trends, Industry Analysis Report: By Product (Telecommunication Equipment, Imaging & Scanning Systems), By Component, By Frequency Band, By Application– Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Millimeter wave technology refers to the use of electromagnetic waves within the 30 GHz to 300 GHz frequency range, corresponding to wavelengths between 1 and 10 millimeters. It enables high-speed, high-capacity wireless communication and is widely used in applications such as 5G networks, radar systems, and advanced imaging.
The U.S. government, particularly the FCC, plays a crucial role in driving MMW market growth by enabling access to high-frequency spectrum. Through timely auctions and spectrum-sharing policies, bands like 24 GHz, 28 GHz, and 39 GHz have been made commercially available. Flexible licensing models encourage private sector investment and innovation. Regulatory clarity reduces uncertainty for telecom providers and tech developers, accelerating product development and deployment. The U.S. regulatory environment actively promotes the expansion of MMW technology by lowering entry barriers and supporting competitive participation, thereby fueling the industry growth.
U.S. cities face growing demand for fast, uninterrupted internet due to rising urban populations and connected devices. Millimeter wave technology is ideal for delivering high-speed data in dense urban environments using small cell networks. Smart city projects increasingly rely on MMW to power real-time surveillance, connected traffic systems, and public Wi-Fi. MMW supports the bandwidth and latency requirements of urban innovation as municipalities invest in digital infrastructure. This growing need for seamless, high-capacity communication in cities is driving the U.S. MMW technology industry across telecom, public safety, and infrastructure sectors.
U.S. Millimeter Wave (MMW) Technology Market Report Highlights
The telecommunication equipment segment is projected to grow at a CAGR of 24.6% over the forecast period, primarily driven by the accelerated deployment of 5G networks and the growing need for high-speed mobile connectivity.
Amplifiers are expected to secure a substantial market share, owing to their essential function in enhancing signal strength and maintaining reliable transmission at higher frequencies.
E-band frequencies captured 63.05% of the total revenue in 2024, as their suitability for high-capacity, short-distance wireless links makes them increasingly popular across various applications.
In 2024, the electronics & semiconductor segment accounted for 4.61% of market revenue, supported by the surging demand for compact, high-speed, and energy-efficient electronic components.
The global key market players are Aviat Networks, Inc., Bridgewave Communications, Inc., Ducommun Incorporated, E-Band Communications, LLC, Farran Technology Ltd., Keysight Technologies, Inc., Millimeter Wave Products Inc., NEC Corporation, Siklu Communication Ltd., Smiths Interconnect.
Polaris market research has segmented the U.S. millimeter wave (MMW) technology market report based on product, component, frequency band, and application:
By Product (Revenue - USD Billion, 2020–2034)
Telecommunication Equipment
Imaging & Scanning Systems
Radar & Satellite Communication Systems
By Component (Revenue - USD Billion, 2020–2034)
Antennas & Transceivers
Amplifiers
Oscillators
Control Devices
Frequency Converters
Passive Components
Other Components
By Frequency Band (Revenue - USD Billion, 2020–2034)
E-Band
V-Band
Other Frequency Bands
By Application (Revenue - USD Billion, 2020–2034)
Telecommunications
Military & Defense
Automotive & Transport
Healthcare
Electronics & Semiconductor
Security
Millimeter wave technology refers to the use of electromagnetic waves within the 30 GHz to 300 GHz frequency range, corresponding to wavelengths between 1 and 10 millimeters. It enables high-speed, high-capacity wireless communication and is widely used in applications such as 5G networks, radar systems, and advanced imaging.
The U.S. government, particularly the FCC, plays a crucial role in driving MMW market growth by enabling access to high-frequency spectrum. Through timely auctions and spectrum-sharing policies, bands like 24 GHz, 28 GHz, and 39 GHz have been made commercially available. Flexible licensing models encourage private sector investment and innovation. Regulatory clarity reduces uncertainty for telecom providers and tech developers, accelerating product development and deployment. The U.S. regulatory environment actively promotes the expansion of MMW technology by lowering entry barriers and supporting competitive participation, thereby fueling the industry growth.
U.S. cities face growing demand for fast, uninterrupted internet due to rising urban populations and connected devices. Millimeter wave technology is ideal for delivering high-speed data in dense urban environments using small cell networks. Smart city projects increasingly rely on MMW to power real-time surveillance, connected traffic systems, and public Wi-Fi. MMW supports the bandwidth and latency requirements of urban innovation as municipalities invest in digital infrastructure. This growing need for seamless, high-capacity communication in cities is driving the U.S. MMW technology industry across telecom, public safety, and infrastructure sectors.
U.S. Millimeter Wave (MMW) Technology Market Report Highlights
The telecommunication equipment segment is projected to grow at a CAGR of 24.6% over the forecast period, primarily driven by the accelerated deployment of 5G networks and the growing need for high-speed mobile connectivity.
Amplifiers are expected to secure a substantial market share, owing to their essential function in enhancing signal strength and maintaining reliable transmission at higher frequencies.
E-band frequencies captured 63.05% of the total revenue in 2024, as their suitability for high-capacity, short-distance wireless links makes them increasingly popular across various applications.
In 2024, the electronics & semiconductor segment accounted for 4.61% of market revenue, supported by the surging demand for compact, high-speed, and energy-efficient electronic components.
The global key market players are Aviat Networks, Inc., Bridgewave Communications, Inc., Ducommun Incorporated, E-Band Communications, LLC, Farran Technology Ltd., Keysight Technologies, Inc., Millimeter Wave Products Inc., NEC Corporation, Siklu Communication Ltd., Smiths Interconnect.
Polaris market research has segmented the U.S. millimeter wave (MMW) technology market report based on product, component, frequency band, and application:
By Product (Revenue - USD Billion, 2020–2034)
Telecommunication Equipment
Imaging & Scanning Systems
Radar & Satellite Communication Systems
By Component (Revenue - USD Billion, 2020–2034)
Antennas & Transceivers
Amplifiers
Oscillators
Control Devices
Frequency Converters
Passive Components
Other Components
By Frequency Band (Revenue - USD Billion, 2020–2034)
E-Band
V-Band
Other Frequency Bands
By Application (Revenue - USD Billion, 2020–2034)
Telecommunications
Military & Defense
Automotive & Transport
Healthcare
Electronics & Semiconductor
Security
Table of Contents
128 Pages
- Chapter 1. Introduction
- 1.1 Report Description
- 1.1.1 Objectives of the Study
- 1.1.2 Market Scope
- 1.1.3 Assumptions
- 1.2 Stakeholders
- Chapter 2. Executive Summary
- 2.1 Market Highlights
- Chapter 3. Research Methodology
- 3.1 Overview
- 3.1.1 Data Mining
- 3.2 Data Sources
- 3.2.1 Primary Sources
- 3.2.2 Secondary Sources
- Chapter 4. U.S. Millimeter Wave (MMW) Technology Market Insights
- 4.1 Millimeter Wave (MMW) Technology – Industry snapshot
- 4.2 U.S. Millimeter Wave (MMW) Technology Market Dynamics
- 4.2.1 Drivers and Opportunities
- 4.2.1.1 Growing demand from the bandwidth-intensive applications and the telecommunication sector
- 4.2.1.2 Increasing adoption of MMW technology in telecommunication sector and emerging 5G technology
- 4.2.1.3 Rising adoption of MMW technology in scanners for the security purposes and military & defense, aerospace, and industrial sectors/applications
- 4.2.2 Restraints and Challenges
- 4.2.2.1 Range limitations, line-of-sight communication, and environmental factors interfering the propagation
- 4.3 Porter’s Five Forces Analysis
- 4.4 PEST Analysis
- 4.5 U.S. Millimeter Wave (MMW) Technology Market - Value Chain
- 4.6 U.S. Millimeter Wave (MMW) Technology Market – Industry Trends
- Chapter 5. COVID-19 Impact Analysis
- 5.1 Introduction
- 5.2 COVID-19 Impact Analysis
- Chapter 6. Millimeter Wave (MMW) Market Assessment by Product
- 6.1 Introduction
- 6.2 Telecommunication Equipment
- 6.3 Imaging & Scanning Systems
- 6.4 Radar & Satellite Communication Systems
- Chapter 7. U.S. Millimeter Wave (MMW) Technology Market, by Component
- 7.1 Introduction
- 7.2 Antennas & Transceivers
- 7.3 Amplifiers
- 7.4 Oscillators
- 7.5 Control Devices
- 7.6 Frequency Converters
- 7.7 Passive Components
- 7.8 Other Components
- Chapter 8. U.S. Millimeter Wave (MMW) Technology Market, by Frequency Band
- 8.1 Introduction
- 8.2 E-Band
- 8.3 V-Band
- 8.4 Other Frequency Bands
- Chapter 9. U.S. Millimeter Wave (MMW) Technology Market, by Application
- 9.1 Introduction
- 9.2 Telecommunications
- 9.3 Military & Defense
- 9.4 Automotive & Transport
- 9.5 Healthcare
- 9.6 Electronics & Semiconductor
- 9.7 Security
- Chapter 11. Competitive Landscape
- 11.1 NEC Corporation
- 11.1.1 Business Overview
- 11.1.2 Financial Snapshot
- 11.1.3 Products and Services
- 11.1.4 Recent Developments
- 11.2 Siklu Communication Ltd.
- 11.2.1 Business Overview
- 11.2.2 Financial Snapshot
- 11.2.3 Products and Services
- 11.2.4 Recent Developments
- 11.3 Bridgewave Communications, Inc.
- 11.3.1 Business Overview
- 11.3.2 Financial Snapshot
- 11.3.3 Products and Services
- 11.3.4 Recent Developments
- 11.4 E-Band Communications, LLC
- 11.4.1 Business Overview
- 11.4.2 Financial Snapshot
- 11.4.3 Products and Services
- 11.5 Aviat Networks, Inc.
- 11.5.1 Business Overview
- 11.5.2 Financial Snapshot
- 11.5.3 Products and Services
- 11.5.4 Recent Developments
- 11.6 Smiths Interconnect
- 11.6.1 Business Overview
- 11.6.2 Financial Snapshot
- 11.6.3 Products and Services
- 11.7 Millimeter Wave Products Inc.
- 11.7.1 Business Overview
- 11.7.2 Financial Snapshot
- 11.7.3 Products and Services
- 11.8 Keysight Technologies, Inc.
- 11.8.1 Business Overview
- 11.8.2 Financial Snapshot
- 11.8.3 Products and Services
- 11.8.4 Recent Developments
- 11.9 Ducommun Incorporated
- 11.9.1 Business Overview
- 11.9.2 Financial Snapshot
- 11.9.3 Products and Services
- 11.10 Farran Technology Ltd.
- 11.10.1 Business Overview
- 11.10.2 Financial Snapshot
- 11.10.3 Products and Services
Pricing
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