Millimeter Wave MMW Technology Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Telecommunication Equipment, Imaging & Scanning Systems, Radar & Satellite Communication Systems), By Component (Antennas & Transceivers, Amplifiers, Oscillators, Control Devices, Frequency Converters, Passive Component), By Application (Telecommunications, Military & Defense, Automotive & Transport, Healthcare, Electronics & Semiconductor, Security), By Frequency Band (V-Band, E-Band, Others), Region, By Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 4.15 Billion
CAGR (2026-2031)	20.56%
Fastest Growing Segment	Telecommunication Equipment
Largest Market	North America
Market Size (2031)	USD 12.74 Billion

Market Overview

The Global Millimeter Wave MMW Technology Market will grow from USD 4.15 Billion in 2025 to USD 12.74 Billion by 2031 at a 20.56% CAGR. The Global Millimeter Wave (MMW) Technology Market comprises the segment of the electromagnetic spectrum ranging from 30 GHz to 300 GHz, utilized primarily for high-speed wireless communications, radar systems, and imaging solutions. The market is fundamentally driven by the escalating demand for ultra-high bandwidth and low latency, which are essential for the effective operation of 5G and forthcoming 6G networks. Furthermore, the integration of radar sensors in the automotive sector for Advanced Driver Assistance Systems (ADAS) provides a strong foundation for sector growth. According to the Global mobile Suppliers Association, in July 2025, 203 operators in 56 countries and territories were investing in 5G mmWave network deployments, demonstrating substantial industry commitment to this technology.

However, a significant challenge impeding broader market expansion is the physical limitation regarding signal propagation. Millimeter waves experience high atmospheric attenuation and have a shorter range compared to lower frequencies, often requiring a direct line of sight and a dense network of small cells to maintain reliable connectivity. This necessity for extensive and costly infrastructure development poses a considerable logistical hurdle for widespread commercial adoption.

Key Market Drivers

The accelerated global deployment of 5G network infrastructure serves as a primary catalyst for the millimeter wave (MMW) technology market, particularly through the substantial densification of network architecture. To effectively mitigate the propagation limitations inherent to high-frequency bands, telecommunications providers are aggressively deploying extensive networks of small cells to ensure consistent coverage and high capacity in dense urban environments. This massive infrastructure build-out is increasingly critical for enabling the ultra-reliable low-latency communication required by advanced industrial and consumer applications. According to the Wireless Infrastructure Association, May 2025, in the 'Wireless Infrastructure By the Numbers' report, there were 802,500 indoor small cell nodes in use in the United States, utilizing bands including mmWave. This strategic expansion underscores the industry's reliance on MMW spectrum to deliver gigabit-level speeds and handle exponential data traffic growth.

The proliferation of Millimeter Wave-based Fixed Wireless Access (FWA) solutions is also significantly propelling market expansion by offering a high-performance alternative to traditional fiber optics for last-mile connectivity. Operators are utilizing the immense bandwidth at MMW frequencies to provide fiber-like wireless broadband to residential and enterprise subscribers, efficiently overcoming logistical barriers in underserved regions. According to Ericsson, November 2025, in the 'Ericsson Mobility Report', it is projected that around 1.4 billion people globally will be served by Fixed Wireless Access broadband by 2031. This commercial momentum is further evidenced by active service rollouts; according to the Global mobile Suppliers Association, in 2025, 24 operators in 17 countries had officially launched 5G networks using mmWave spectrum, confirming the technology's transition to widespread commercial reality.

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Key Market Challenges

The primary impediment to the Global Millimeter Wave MMW Technology Market is the severe physical limitation regarding signal propagation. Unlike lower frequency bands, millimeter waves suffer from rapid atmospheric attenuation and an inability to penetrate solid obstacles such as buildings and foliage. This characteristic typically necessitates a direct line of sight between the transmitter and the receiver for effective operation. Consequently, network operators are compelled to deploy a dense and costly infrastructure of small cells, spaced closely together, rather than relying on traditional macro towers to ensure reliable coverage.

This requirement for extensive hardware significantly inflates deployment costs and logistical complexity, thereby slowing commercial adoption rates. The impact of these technical and financial barriers is evident in the restricted growth of the compatible product ecosystem. According to the Global mobile Suppliers Association, in July 2025, the number of commercially available mmWave devices had reached over 150. This figure highlights a constrained adoption curve relative to the broader 5G market, directly attributable to the challenges involved in establishing the necessary supporting infrastructure.

Key Market Trends

The commercialization of 4D Millimeter Wave imaging radar is significantly transforming the automotive sector by providing the high-resolution sensing capabilities essential for advanced autonomous driving systems. Unlike traditional radar solutions, 4D imaging technology detects objects in range, azimuth, elevation, and velocity, creating a dense point cloud that offers a cost-effective alternative to LiDAR for identifying stationary obstacles and navigating complex road environments. This technological evolution is rapidly moving from research to mass production, driven by the critical safety requirements of Level 2+ and Level 3 automation. According to Continental, May 2025, in the 'Continental Reaches 200 Million Radar Milestone' press release, the company secured new radar sensor orders worth approximately €1.5 billion in the first quarter of 2025 alone, reflecting the surge in demand for these advanced sensing solutions.

Simultaneously, the adoption of E-Band and V-Band frequencies for high-capacity mobile backhaul is emerging as a critical trend to support data-intensive 5G networks where fiber deployment is logistically challenging. Telecommunications operators are increasingly utilizing these higher millimeter wave bands to bridge the connection between core networks and street-level small cells, capitalizing on the spectrum’s ability to support multi-gigabit throughput comparable to fiber optics. This shift towards higher frequency bands allows for efficient network scaling and capacity doubling without requiring extensive hardware replacements. According to Ericsson, October 2025, in the 'Microwave Outlook' report, E-band deployments had increased to account for approximately 8% of the global installed base of backhaul transceivers, surpassing the traditional 38 GHz band.

Segmental Insights

The Telecommunication Equipment segment currently stands as the fastest-growing area within the Global Millimeter Wave Technology Market, driven largely by the global expansion of 5G network infrastructure. This rapid development necessitates the extensive deployment of small cell stations and backhaul links capable of handling high-frequency data transmission. Additionally, the Federal Communications Commission and similar international bodies have accelerated this trend by opening high-frequency spectrums for commercial utilization. These regulatory actions have incentivized telecommunication providers to invest heavily in millimeter wave hardware to ensure network capacity and reduce latency for end users.

Regional Insights

North America commands the leading position in the Global Millimeter Wave MMW Technology Market, driven primarily by the extensive deployment of 5G telecommunications infrastructure and significant investments within the defense sector. The region benefits from a supportive regulatory framework, where the Federal Communications Commission (FCC) has actively allocated high-frequency spectrum to accelerate network expansion and commercialization. Additionally, the high concentration of key industry players fosters continuous product development in radar and satellite communications. This established industrial ecosystem, coupled with increasing demand for automotive safety solutions, solidifies North America’s dominance in the global marketplace.

Recent Developments

• In March 2025, Ericsson, in collaboration with NBN Co and Qualcomm Technologies, successfully conducted live field trials of 5G millimeter wave (mmWave) technology within a Fixed Wireless Access (FWA) network in Australia. The companies achieved a significant technical breakthrough by reaching wholesale download speeds exceeding 1 Gbps and upload speeds of over 100 Mbps at a range of approximately 14 kilometers. This achievement demonstrated the potential of mmWave technology to deliver ultra-fast broadband connectivity over long distances, effectively extending the reach of high-performance wireless services to rural and remote areas previously considered challenging for such frequencies.
• In February 2025, Samsung Electronics announced that UScellular had selected its 5G millimeter wave (mmWave) and virtualized Radio Access Network (vRAN) solutions to enhance network capabilities in the Mid-Atlantic region of the United States. The collaboration involved deploying a distributed network architecture utilizing Samsung's 5G Compact Macro solution, which integrates the baseband, radio, and antenna into a single form factor. This deployment aimed to support the operator's growing Fixed Wireless Access (FWA) and mobile data traffic, leveraging the wide bandwidth of the mmWave spectrum to deliver high-speed connectivity and improved user experiences.
• In January 2025, Anritsu Corporation announced the release of enhanced software functions for its MS2830A, MS2840A, and MS2850A signal analyzers. This product update extended the spectrum measurement frequency range of the devices to encompass the millimeter wave band by enabling connection with external mixers. The new capability was designed to evaluate high-frequency signals for applications such as automotive radar, sensing, and 6G research. This launch addressed the growing demand for precise testing solutions in the global millimeter wave technology market, facilitating the development and verification of advanced wireless communications and sensing systems.
• In December 2024, Nokia signed a four-year agreement with EOLO, an Italian telecommunications company, to deploy the first 5G standalone millimeter wave (mmWave) Radio Access Network in Europe. Under this strategic collaboration, the company agreed to supply its "Shikra" mmWave radios and AirScale portfolio solutions to support Fixed Wireless Access (FWA) services. This deployment aimed to enhance connectivity in underserved communities across Italy by delivering fiber-like speeds using the high-frequency mmWave spectrum. The partnership highlighted the capability of mmWave technology to bridge the digital divide in areas where installing traditional fiber infrastructure remains difficult or cost-prohibitive.

Key Market Players

• SAGE Millimeter, Inc.
• Rohde & Schwarz GmbH & Co. KG
• Anritsu Corporation
• Millitech, Inc.
• NEC Corporation
• Aviat Networks, Inc.
• Vubiq Networks, Inc.
• E-Band Communications, LLC
• Teledyne Technologies Incorporated
• QuinStar Technology, Inc.

By Product	By Component	By Application	By Frequency Band	By Region
Telecommunication Equipment Imaging & Scanning Systems Radar & Satellite Communication Systems	Antennas & Transceivers Amplifiers Oscillators Control Devices Frequency Converters Passive Component	Telecommunications Military & Defense Automotive & Transport Healthcare Electronics & Semiconductor Security	V-Band E-Band Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Millimeter Wave MMW Technology Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Millimeter Wave MMW Technology Market, By Product:

• Telecommunication Equipment
• Imaging & Scanning Systems
• Radar & Satellite Communication Systems

• Millimeter Wave MMW Technology Market, By Component:

• Antennas & Transceivers
• Amplifiers
• Oscillators
• Control Devices
• Frequency Converters
• Passive Component

• Millimeter Wave MMW Technology Market, By Application:

• Telecommunications
• Military & Defense
• Automotive & Transport
• Healthcare
• Electronics & Semiconductor
• Security

• Millimeter Wave MMW Technology Market, By Frequency Band:

• V-Band
• E-Band
• Others

• Millimeter Wave MMW 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