Product Code: 16235
The Global Millimeter Wave Technology Market will grow from USD 3.41 Billion in 2025 to USD 12.36 Billion by 2031 at a 23.94% CAGR. Millimeter wave technology encompasses the electromagnetic spectrum band between 30 GHz and 300 GHz, utilized to facilitate ultra-high-speed wireless communications and precise radar sensing applications. The market is primarily propelled by the escalating global demand for enhanced mobile broadband capacity and the critical necessity for low-latency connectivity within 5G infrastructure and autonomous automotive systems.
| Market Overview |
| Forecast Period | 2027-2031 |
| Market Size 2025 | USD 3.41 Billion |
| Market Size 2031 | USD 12.36 Billion |
| CAGR 2026-2031 | 23.94% |
| Fastest Growing Segment | Antenna & Transceiver Components |
| Largest Market | North America |
Key Market Drivers
Accelerated Deployment of 5G Network Infrastructure serves as the primary engine for market growth, driven by the urgent necessity to alleviate spectrum congestion in lower frequency bands. Telecommunication operators are aggressively densifying their networks with millimeter wave small cells to deliver the multi-gigabit speeds and ultra-low latency required for bandwidth-intensive mobile applications. This rapid infrastructure scaling is evident in recent adoption figures.
Key Market Challenges
The Global Millimeter Wave Technology Market faces a substantial hurdle due to the inherent physical limitations of high-frequency signals, specifically their susceptibility to atmospheric attenuation and inability to penetrate solid objects like buildings or foliage. This propagation characteristic compels network operators to deploy a highly dense infrastructure of small cells to maintain continuous connectivity and line-of-sight communication. The requirement for such extensive hardware proliferation significantly escalates the capital expenditure and operational costs associated with site acquisition, power, and backhaul integration, thereby reducing the potential return on investment for large-scale deployments.
Key Market Trends
The Expansion of Private 5G Networks for Industrial Automation is rapidly emerging as a primary avenue for millimeter wave commercialization, distinct from public consumer networks. Manufacturing and mining sectors are increasingly leveraging independent cellular infrastructure to support Industry 4.0 applications, utilizing the ultra-low latency and massive bandwidth capabilities of high-frequency spectrum for precise robotics control and real-time analytics. This shift towards localized, high-performance connectivity allows enterprises to bypass the congestion of public grids while securing mission-critical data within their facilities.
Key Market Players
- QUALCOMM Incorporated
- Samsung Electronics Co., Ltd
- Nokia Corporation
- Intel Corporation
- Telefonaktiebolaget LM Ericsson
- Huawei Investment & Holding Co., Ltd
- Keysight Technologies
- Aviat Networks
- NEC Corporation
- Ceragon Networks
Report Scope:
In this report, the Global Millimeter Wave Technology Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Millimeter Wave Technology Market, By Component:
- Antenna & Transceiver Components
- Frequency Sources & Related Components
- Communication & Networking Components
- Imaging Components
- RF & Radio Components
- Sensors & Controls
- and Others
Millimeter Wave Technology Market, By Product:
- Scanner Systems
- Radar & Satellite Communication Systems
- and Telecommunication Equipment
Millimeter Wave Technology Market, By License Type:
- Light Licensed Frequency
- Unlicensed Frequency
- and Fully Licensed Frequency
Millimeter Wave Technology Market, By Frequency Band:
- 24 GHz to 57 GHz
- 58 GHz to 86 GHz
- and 87 GHz to 300 GHz
Millimeter Wave Technology Market, By Application:
- Telecom
- Defense & Aerospace
- Automotive
- Industrial
- Consumer
- Medical
- and Others
Millimeter Wave Technology Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Millimeter Wave Technology Market.
Available Customizations:
Global Millimeter Wave Technology Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Millimeter Wave Technology Market Outlook
- 5.1. Market Size & Forecast
- 5.2. Market Share & Forecast
- 5.2.1. By Component (Antenna & Transceiver Components, Frequency Sources & Related Components, Communication & Networking Components, Imaging Components, RF & Radio Components, Sensors & Controls, and Others)
- 5.2.2. By Product (Scanner Systems, Radar & Satellite Communication Systems, and Telecommunication Equipment)
- 5.2.3. By License Type (Light Licensed Frequency, Unlicensed Frequency, and Fully Licensed Frequency)
- 5.2.4. By Frequency Band (24 GHz to 57 GHz, 58 GHz to 86 GHz, and 87 GHz to 300 GHz)
- 5.2.5. By Application (Telecom, Defense & Aerospace, Automotive, Industrial, Consumer, Medical, and Others)
- 5.2.6. By Region
- 5.2.7. By Company (2025)
- 5.3. Market Map
6. North America Millimeter Wave Technology Market Outlook
- 6.1. Market Size & Forecast
- 6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Product
- 6.2.3. By License Type
- 6.2.4. By Frequency Band
- 6.2.5. By Application
- 6.2.6. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Millimeter Wave Technology Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Component
- 6.3.1.2.2. By Product
- 6.3.1.2.3. By License Type
- 6.3.1.2.4. By Frequency Band
- 6.3.1.2.5. By Application
- 6.3.2. Canada Millimeter Wave Technology Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Component
- 6.3.2.2.2. By Product
- 6.3.2.2.3. By License Type
- 6.3.2.2.4. By Frequency Band
- 6.3.2.2.5. By Application
- 6.3.3. Mexico Millimeter Wave Technology Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Component
- 6.3.3.2.2. By Product
- 6.3.3.2.3. By License Type
- 6.3.3.2.4. By Frequency Band
- 6.3.3.2.5. By Application
7. Europe Millimeter Wave Technology Market Outlook
- 7.1. Market Size & Forecast
- 7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Product
- 7.2.3. By License Type
- 7.2.4. By Frequency Band
- 7.2.5. By Application
- 7.2.6. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. Germany Millimeter Wave Technology Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Component
- 7.3.1.2.2. By Product
- 7.3.1.2.3. By License Type
- 7.3.1.2.4. By Frequency Band
- 7.3.1.2.5. By Application
- 7.3.2. France Millimeter Wave Technology Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Component
- 7.3.2.2.2. By Product
- 7.3.2.2.3. By License Type
- 7.3.2.2.4. By Frequency Band
- 7.3.2.2.5. By Application
- 7.3.3. United Kingdom Millimeter Wave Technology Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Component
- 7.3.3.2.2. By Product
- 7.3.3.2.3. By License Type
- 7.3.3.2.4. By Frequency Band
- 7.3.3.2.5. By Application
- 7.3.4. Italy Millimeter Wave Technology Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Component
- 7.3.4.2.2. By Product
- 7.3.4.2.3. By License Type
- 7.3.4.2.4. By Frequency Band
- 7.3.4.2.5. By Application
- 7.3.5. Spain Millimeter Wave Technology Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Component
- 7.3.5.2.2. By Product
- 7.3.5.2.3. By License Type
- 7.3.5.2.4. By Frequency Band
- 7.3.5.2.5. By Application
8. Asia Pacific Millimeter Wave Technology Market Outlook
- 8.1. Market Size & Forecast
- 8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Product
- 8.2.3. By License Type
- 8.2.4. By Frequency Band
- 8.2.5. By Application
- 8.2.6. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Millimeter Wave Technology Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Component
- 8.3.1.2.2. By Product
- 8.3.1.2.3. By License Type
- 8.3.1.2.4. By Frequency Band
- 8.3.1.2.5. By Application
- 8.3.2. India Millimeter Wave Technology Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Component
- 8.3.2.2.2. By Product
- 8.3.2.2.3. By License Type
- 8.3.2.2.4. By Frequency Band
- 8.3.2.2.5. By Application
- 8.3.3. Japan Millimeter Wave Technology Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Component
- 8.3.3.2.2. By Product
- 8.3.3.2.3. By License Type
- 8.3.3.2.4. By Frequency Band
- 8.3.3.2.5. By Application
- 8.3.4. South Korea Millimeter Wave Technology Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Component
- 8.3.4.2.2. By Product
- 8.3.4.2.3. By License Type
- 8.3.4.2.4. By Frequency Band
- 8.3.4.2.5. By Application
- 8.3.5. Australia Millimeter Wave Technology Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Component
- 8.3.5.2.2. By Product
- 8.3.5.2.3. By License Type
- 8.3.5.2.4. By Frequency Band
- 8.3.5.2.5. By Application
9. Middle East & Africa Millimeter Wave Technology Market Outlook
- 9.1. Market Size & Forecast
- 9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Product
- 9.2.3. By License Type
- 9.2.4. By Frequency Band
- 9.2.5. By Application
- 9.2.6. By Country
- 9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Millimeter Wave Technology Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Component
- 9.3.1.2.2. By Product
- 9.3.1.2.3. By License Type
- 9.3.1.2.4. By Frequency Band
- 9.3.1.2.5. By Application
- 9.3.2. UAE Millimeter Wave Technology Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Component
- 9.3.2.2.2. By Product
- 9.3.2.2.3. By License Type
- 9.3.2.2.4. By Frequency Band
- 9.3.2.2.5. By Application
- 9.3.3. South Africa Millimeter Wave Technology Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Component
- 9.3.3.2.2. By Product
- 9.3.3.2.3. By License Type
- 9.3.3.2.4. By Frequency Band
- 9.3.3.2.5. By Application
10. South America Millimeter Wave Technology Market Outlook
- 10.1. Market Size & Forecast
- 10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Product
- 10.2.3. By License Type
- 10.2.4. By Frequency Band
- 10.2.5. By Application
- 10.2.6. By Country
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Millimeter Wave Technology Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Component
- 10.3.1.2.2. By Product
- 10.3.1.2.3. By License Type
- 10.3.1.2.4. By Frequency Band
- 10.3.1.2.5. By Application
- 10.3.2. Colombia Millimeter Wave Technology Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Component
- 10.3.2.2.2. By Product
- 10.3.2.2.3. By License Type
- 10.3.2.2.4. By Frequency Band
- 10.3.2.2.5. By Application
- 10.3.3. Argentina Millimeter Wave Technology Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Component
- 10.3.3.2.2. By Product
- 10.3.3.2.3. By License Type
- 10.3.3.2.4. By Frequency Band
- 10.3.3.2.5. By Application
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Millimeter Wave Technology Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. QUALCOMM Incorporated
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
- 15.2. Samsung Electronics Co., Ltd
- 15.3. Nokia Corporation
- 15.4. Intel Corporation
- 15.5. Telefonaktiebolaget LM Ericsson
- 15.6. Huawei Investment & Holding Co., Ltd
- 15.7. Keysight Technologies
- 15.8. Aviat Networks
- 15.9. NEC Corporation
- 15.10. Ceragon Networks
16. Strategic Recommendations
17. About Us & Disclaimer