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, and By Region – Market Forecast, 2025–2034
Description
The millimeter wave (MMW) technology market size is expected to reach USD 26.47 Billion by 2034, according to a new study by Polaris Market Research. The report “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, By Region – 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 rollout of 5G technology is driving the millimeter wave (MMW) technology market growth. MMW frequencies allow for extremely high data transmission rates, which are essential for supporting the increased bandwidth needs of 5G services. Telecom companies are adopting MMW to deliver faster internet, low latency, and higher network capacity in urban areas. The need for efficient 5G infrastructure rises as mobile data consumption continues to rise with applications like video streaming, online gaming, and remote work, boosting demand for MMW components in base stations, antennas, and small cells.
Millimeter wave technology is being explored in the healthcare industry for advanced imaging and diagnostic applications. MMW waves penetrate clothing and tissue to detect anomalies without ionizing radiation, making them safer than traditional X-rays. These technologies are being researched for early cancer detection, skin imaging, and even contactless vital sign monitoring. MMW-based medical imaging is gaining traction as the demand for safer, non-invasive diagnostic tools grows. The integration of this technology in healthcare could revolutionize patient monitoring and diagnostics, opening new opportunities for market growth in the medical devices sector.
Millimeter Wave (MMW) Technology Market Report Highlights
The telecommunication equipment segment is projected to register a CAGR of 25.8% during the forecast period, primarily driven by the escalating global need for faster and more dependable wireless communication technologies.
In 2024, the electronics and semiconductor segment held a 4.49% share of the total market revenue, fueled by growing demand for MMW-enabled chipsets, sensors, and communication modules as consumer electronics evolve with greater intelligence, speed, and compactness.
North America accounted for 41.25% of global revenue in the millimeter wave technology market in 2024, supported by early 5G deployment, favorable regulatory frameworks, and a well-established telecom infrastructure.
The Asia Pacific region is forecasted to grow at a CAGR of 31.5% during the forecast period, driven by significant investments in 5G infrastructure, growing industrial automation, and rapid development in smart mobility and urban infrastructure.
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 millimeter wave (MMW) technology market report based on product, component, frequency band, application and region:
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
By Regional Outlook (Revenue - USD Billion, 2020–2034)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of APAC
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of MEA
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 rollout of 5G technology is driving the millimeter wave (MMW) technology market growth. MMW frequencies allow for extremely high data transmission rates, which are essential for supporting the increased bandwidth needs of 5G services. Telecom companies are adopting MMW to deliver faster internet, low latency, and higher network capacity in urban areas. The need for efficient 5G infrastructure rises as mobile data consumption continues to rise with applications like video streaming, online gaming, and remote work, boosting demand for MMW components in base stations, antennas, and small cells.
Millimeter wave technology is being explored in the healthcare industry for advanced imaging and diagnostic applications. MMW waves penetrate clothing and tissue to detect anomalies without ionizing radiation, making them safer than traditional X-rays. These technologies are being researched for early cancer detection, skin imaging, and even contactless vital sign monitoring. MMW-based medical imaging is gaining traction as the demand for safer, non-invasive diagnostic tools grows. The integration of this technology in healthcare could revolutionize patient monitoring and diagnostics, opening new opportunities for market growth in the medical devices sector.
Millimeter Wave (MMW) Technology Market Report Highlights
The telecommunication equipment segment is projected to register a CAGR of 25.8% during the forecast period, primarily driven by the escalating global need for faster and more dependable wireless communication technologies.
In 2024, the electronics and semiconductor segment held a 4.49% share of the total market revenue, fueled by growing demand for MMW-enabled chipsets, sensors, and communication modules as consumer electronics evolve with greater intelligence, speed, and compactness.
North America accounted for 41.25% of global revenue in the millimeter wave technology market in 2024, supported by early 5G deployment, favorable regulatory frameworks, and a well-established telecom infrastructure.
The Asia Pacific region is forecasted to grow at a CAGR of 31.5% during the forecast period, driven by significant investments in 5G infrastructure, growing industrial automation, and rapid development in smart mobility and urban infrastructure.
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 millimeter wave (MMW) technology market report based on product, component, frequency band, application and region:
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
By Regional Outlook (Revenue - USD Billion, 2020–2034)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of APAC
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of MEA
Table of Contents
124 Pages
- Chapter 1.Introduction
- 1.1Report Description
- 1.1.1Objectives of the Study
- 1.1.2Market Scope
- 1.1.3Assumptions
- 1.2Stakeholders
- Chapter 2.Executive Summary
- 2.1Market Highlights
- Chapter 3.Research Methodology
- 3.1Overview
- 3.1.1Data Mining
- 3.2Data Sources
- 3.2.1Primary Sources
- 3.2.2Secondary Sources
- Chapter 4.Millimeter Wave (MMW) Technology Market Insights
- 4.1Millimeter Wave (MMW) Technology – Industry snapshot
- 4.2Millimeter Wave (MMW) Technology Market Dynamics
- 4.2.1Drivers and Opportunities
- 4.2.1.1Growing demand from the bandwidth-intensive applications and the telecommunication sector
- 4.2.1.2Increasing adoption of MMW technology in telecommunication sector and emerging 5G technology
- 4.2.1.3Rising adoption of MMW technology in scanners for the security purposes and military & defense, aerospace, and industrial sectors/applications
- 4.2.2Restraints and Challenges
- 4.2.2.1Range limitations, line-of-sight communication, and environmental factors interfering the propagation
- 4.3Porter’s Five Forces Analysis
- 4.4PEST Analysis
- 4.5Millimeter Wave (MMW) Technology Market - Value Chain
- 4.6Millimeter Wave (MMW) Technology Market – Industry Trends
- Chapter 5.COVID-19 Impact Analysis
- 5.1Introduction
- 5.2COVID-19 Impact Analysis
- Chapter 6.Millimeter Wave (MMW) Market Assessment by Product
- 6.1Introduction
- 6.2Telecommunication Equipment
- 6.3Imaging & Scanning Systems
- 6.4Radar & Satellite Communication Systems
- Chapter 7.Global Millimeter Wave (MMW) Technology Market, by Component
- 7.1Introduction
- 7.2Antennas & Transceivers
- 7.3Amplifiers
- 7.4Oscillators
- 7.5Control Devices
- 7.6Frequency Converters
- 7.7Passive Components
- 7.8Other Components
- Chapter 8.Global Millimeter Wave (MMW) Technology Market, by Frequency Band
- 8.1Introduction
- 8.2E-Band
- 8.3V-Band
- 8.4Other Frequency Bands
- Chapter 9.Global Millimeter Wave (MMW) Technology Market, by Application
- 9.1Introduction
- 9.2Telecommunications
- 9.3Military & Defense
- 9.4Automotive & Transport
- 9.5Healthcare
- 9.6Electronics & Semiconductor
- 9.7Security
- Chapter 10.Global Millimeter Wave (MMW) Technology Market Assessment by Geography
- 10.1Introduction
- 10.2North America
- 10.2.1Millimeter Wave Technology Market – U.S.
- 10.2.2Millimeter Wave Technology Market – Canada
- 10.2.3Millimeter Wave Technology Market – Mexico
- 10.3Europe
- 10.3.1Millimeter Wave Technology Market – UK
- 10.3.2Millimeter Wave Technology Market – Germany
- 10.3.3Millimeter Wave Technology Market – France
- 10.3.4Millimeter Wave Technology Market – Italy
- 10.3.5Millimeter Wave Technology Market – Spain
- 10.4Asia Pacific
- 10.4.1Millimeter Wave Technology Market – China
- 10.4.2Millimeter Wave Technology Market – Japan
- 10.4.3Millimeter Wave Technology Market – India
- 10.4.4Millimeter Wave Technology Market – South Korea
- 10.4.5Millimeter Wave Technology Market – Singapore
- 10.5Rest of World (RoW)
- Chapter 11.Competitive Landscape
- 11.1NEC Corporation
- 11.1.1Business Overview
- 11.1.2Financial Snapshot
- 11.1.3Products and Services
- 11.1.4Recent Developments
- 11.2Siklu Communication Ltd.
- 11.2.1Business Overview
- 11.2.2Financial Snapshot
- 11.2.3Products and Services
- 11.2.4Recent Developments
- 11.3Bridgewave Communications, Inc.
- 11.3.1Business Overview
- 11.3.2Financial Snapshot
- 11.3.3Products and Services
- 11.3.4Recent Developments
- 11.4E-Band Communications, LLC
- 11.4.1Business Overview
- 11.4.2Financial Snapshot
- 11.4.3Products and Services
- 11.5Aviat Networks, Inc.
- 11.5.1Business Overview
- 11.5.2Financial Snapshot
- 11.5.3Products and Services
- 11.5.4Recent Developments
- 11.6Smiths Interconnect
- 11.6.1Business Overview
- 11.6.2Financial Snapshot
- 11.6.3Products and Services
- 11.7Millimeter Wave Products Inc.
- 11.7.1Business Overview
- 11.7.2Financial Snapshot
- 11.7.3Products and Services
- 11.8Keysight Technologies, Inc.
- 11.8.1Business Overview
- 11.8.2Financial Snapshot
- 11.8.3Products and Services
- 11.8.4Recent Developments
- 11.9Ducommun Incorporated
- 11.9.1Business Overview
- 11.9.2Financial Snapshot
- 11.9.3Products and Services
- 11.10Farran Technology Ltd.
- 11.10.1Business Overview
- 11.10.2Financial Snapshot
- 11.10.3Products and Services
Pricing
Currency Rates
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