MmWave 5G Market is expected to grow at a CAGR of 12.91% through 2030F
The
Global MmWave 5G Market is expected to be led by North America, driven by early
adoption, strong infrastructure, and extensive telecom investments, during the
forecast period 2026-2030F
According to TechSci Research report, “MmWave 5G Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The
Global MmWave 5G Market was valued at USD 3.34 Billion in 2024 and is expected
to reach USD 6.92 Billion by 2030 with a CAGR of 12.91% through 2030.
Fixed Wireless
Access using millimeter wave 5G is transforming last-mile connectivity in rural
and underserved regions where laying fiber is expensive or impractical. With
its high capacity and rapid deployability, MmWave-based FWA allows operators to
deliver broadband-like performance to homes and businesses without traditional
infrastructure costs. This has become a preferred strategy for bridging the
digital divide and expanding internet access in both developed and developing
regions.
National
broadband initiatives and Universal Service programs are increasingly
supporting millimeter wave deployments as a cost-effective alternative to wired
solutions. By placing small cells on utility poles or rooftops, service
providers can offer multi-gigabit internet speeds to previously disconnected
areas. As remote work, online learning, and telehealth become standard, demand
for reliable high-speed access in rural zones continues to rise—further fueling
market momentum for MmWave FWA.
Fixed Wireless
Access (FWA) using millimeter wave technology is becoming a preferred
alternative to traditional fiber or copper-based broadband in both urban and
rural areas. As demand for high-speed internet grows, especially with the rise
in hybrid work and streaming services, millimeter wave FWA offers a
cost-effective and rapid deployment option. Telecom providers are increasingly
deploying FWA solutions to deliver multi-gigabit connectivity without the need
for extensive cable-laying or trenching. This is particularly impactful in
regions where building fixed infrastructure is economically or logistically
challenging.
In urban
settings, millimeter wave FWA enables network operators to densify broadband
coverage quickly, supporting business parks, residential buildings, and public
venues. In underserved rural regions, it is closing the digital divide by
providing fiber-like performance through point-to-multipoint wireless
connections. Furthermore, advancements in antenna design, beamforming, and
customer premises equipment are improving signal reach and reliability. As
national broadband strategies and infrastructure funds prioritize inclusivity,
the adoption of millimeter wave FWA is expected to accelerate, redefining the
economics of last-mile connectivity. This trend illustrates how millimeter wave
5G is not only powering mobile networks but also transforming fixed internet
delivery models.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global MmWave 5G Market"
In
2024, the Augmented Reality/Virtual Reality segment emerged as the
fastest-growing application in the Global MmWave 5G Market, powered by surging
demand for immersive experiences and real-time interactivity. The
ultra-high-speed and ultra-low-latency characteristics of millimeter wave 5G
networks are ideally suited for delivering seamless augmented reality overlays
and virtual reality worlds without perceptible lag or buffer delays. Across
entertainment, education, healthcare, and enterprise training, organizations
are deploying cutting-edge AR/VR solutions for collaborative workspaces, remote
diagnostics, surgical visualization, and virtual learning environments. The
immediacy provided by millimeter wave technology ensures that users can
interact with digital layers in real time, enhancing situational awareness and
engagement.
Driving
this expansion, device manufacturers are integrating millimeter wave-optimized
radio frequency modules and edge compute engines into AR glasses and VR
headsets to ensure high-frame-rate rendering and minimal latency. Content
providers, meanwhile, are investing in live-streamed 3D events, geo-anchored
augmented experiences, and multiplayer virtual environments, knowing that
millimeter wave networks can support the necessary data throughput and
synchronization.
Strategic
partnerships between telecom operators, platform developers, and industry
verticals—such as remote education platforms and e-commerce—are accelerating
rollout and adoption. As immersive media becomes a mainstream communication and
engagement tool, the appetite for high-fidelity, low-latency experiences will
continue to expand. This makes Augmented Reality and Virtual Reality the
fastest-growing application segment in the Global MmWave 5G Market.
In
2024, the Asia Pacific region rapidly emerged as the fastest-growing market in
the Global MmWave 5G Market, fueled by large-scale infrastructure investments,
growing urban populations, and strong government initiatives supporting digital
connectivity. Countries such as China, Japan, South Korea, and India
accelerated spectrum allocation and commercial deployment of millimeter wave
networks across both consumer and industrial domains. The demand for high-speed
connectivity in smart cities, manufacturing automation, and high-density urban
areas significantly boosted adoption. Additionally, collaboration between
telecom providers, local governments, and global equipment vendors played a
vital role in expanding network coverage and enabling use cases like immersive
media, real-time surveillance, and fixed wireless access. This momentum
positions Asia Pacific for sustained growth in the millimeter wave 5G space.
Key
market players in the MmWave 5G Market are: -
- Qualcomm
Technologies, Inc.
- Samsung
Electronics Co., Ltd.
- Telefonaktiebolaget
LM Ericsson
- Nokia
Corporation
- Huawei
Technologies Co., Ltd.
- ZTE
Corporation
- Intel
Corporation
- Cisco
Systems, Inc.
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“The
Global MmWave 5G Market is expected to grow significantly in the coming years
due to rising demand for ultra-fast, low-latency connectivity across industries
such as healthcare, manufacturing, and smart cities. Advancements in antenna
technology, spectrum availability, and increasing investment in private 5G
networks will drive adoption. As mobile operators expand high-band spectrum
coverage and device manufacturers integrate millimeter wave support into
consumer electronics, broader accessibility will follow. The growth of
data-intensive applications like augmented reality, cloud gaming, and real-time
analytics will further accelerate the market, positioning millimeter wave 5G as
a critical enabler of next-generation digital infrastructure.” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based global
management consulting firm.
“MmWave 5G Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, By Component
(Hardware, Solution, Services), By Use Case (Fixed Wireless Access, Enhanced
Mobile Broadband, Ultra-Reliable and Low-Latency Communications, Massive
Machine-Type Communications), By Application (Real-Time Surveillance Cameras,
Industry 4.0, Augmented Reality/Virtual Reality, Live Streaming, Transport
Connectivity, Ultra High-Definition Video, Others), By Region & Competition, 2020-2030F” has evaluated the future growth
potential of MmWave 5G Market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in MmWave
5G Market.
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