Millimeter Wave (MMW) Technology Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Frequency Band (Below 30 GHz, 30 GHz to 100 GHz, 100 GHz to 300 GHz, Above 300 GHz), By Component (Antennas, Transceivers, Amplifiers, Oscillators, Frequency Sources, Other), By End User (Telecommunications, Aerospace & Defense, Automotive, Healthcare, Consumer Electronics, Industrial, Security & Surveillance), By Region & Competition, 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 4.49 Billion
CAGR (2026-2031)	21.18%
Fastest Growing Segment	100 GHz to 300 GHz
Largest Market	North America
Market Size (2031)	USD 14.22 Billion

Market Overview

The Global Millimeter Wave (MMW) Technology Market will grow from USD 4.49 Billion in 2025 to USD 14.22 Billion by 2031 at a 21.18% CAGR. Millimeter Wave technology utilizes the electromagnetic spectrum band ranging from 30 GHz to 300 GHz to facilitate ultra-high-speed wireless communications and high-resolution sensing capabilities. The primary drivers supporting market growth include the escalating global demand for substantial bandwidth capacity to support data-intensive applications and the fundamental requirement for low latency in sectors such as industrial automation and autonomous transportation. These structural necessities provide a robust foundation for long-term expansion and are distinct from temporary consumer adoption trends or transient market shifts.

However, the widespread implementation of this technology faces a significant impediment regarding signal attenuation where high-frequency waves are easily obstructed by physical barriers and environmental factors. This propagation limitation necessitates the costly deployment of dense network infrastructure to ensure reliable service coverage. According to the Global mobile Suppliers Association, in 2025, 203 operators across 56 countries and territories were investing in 5G mmWave network deployments. This substantial level of commercial commitment highlights the industry focus on overcoming physical infrastructure challenges to unlock the full potential of the spectrum.

Key Market Drivers

The rapid deployment of 5G and 6G network infrastructure serves as the primary catalyst for the millimeter wave market, driven by the critical need for high-band spectrum to resolve capacity bottlenecks in dense urban environments. Telecom operators are aggressively utilizing these frequencies to support Fixed Wireless Access (FWA), which provides fiber-like broadband speeds without physical cabling. According to Ericsson, June 2024, in the 'Ericsson Mobility Report', FWA connections are forecast to grow substantially, reaching 330 million by the end of 2029. This surge in connections directly necessitates the deployment of millimeter wave equipment to handle the massive data throughput required by modern households and enterprises. Furthermore, the economic scale of this technological shift is immense; according to the GSMA, in 2024, 5G technologies are projected to benefit the global economy by more than $930 billion in 2030, underscoring the long-term financial viability of high-frequency infrastructure investments.

Increasing integration in automotive radar and ADAS acts as a second major driver, necessitating the use of the 77 GHz and 79 GHz bands for high-resolution object detection and situational awareness. As vehicles transition toward higher levels of autonomy, the demand for sensors that function reliably in adverse weather conditions—where optical cameras may fail—has intensified. This technical requirement is now reinforced by stringent regulatory mandates which compel manufacturers to adopt advanced sensing technologies. According to the National Highway Traffic Safety Administration, April 2024, in the 'Federal Motor Vehicle Safety Standard No. 127', a final rule was issued requiring automatic emergency braking systems on all new passenger vehicles by September 2029. This regulatory compulsion ensures a sustained demand for millimeter wave radar modules, moving the technology from a premium feature to a standard industrial requirement across the global automotive manufacturing sector.

Download Free Sample Report

Key Market Challenges

The widespread implementation of Millimeter Wave (MMW) technology is heavily restricted by the inherent physical properties of high-frequency spectrum, specifically its susceptibility to signal attenuation. Unlike lower-frequency bands, MMW signals struggle to penetrate solid obstacles such as walls, foliage, and glass, and they are easily absorbed by atmospheric conditions like rain or humidity. This propagation limitation forces network operators to densify their infrastructure significantly, requiring the installation of a vast number of small cell base stations to maintain continuous connectivity. The resulting capital expenditure and logistical complexity create a substantial barrier to market expansion, as service providers must balance the high cost of deployment against the potential return on investment, often limiting network rollouts to small, high-density urban pockets rather than broad national coverage.

This economic and technical friction directly slows the adoption rate of MMW hardware compared to Sub-6 GHz solutions, which offer wider coverage with less infrastructure. The market preference for more cost-efficient, lower-frequency alternatives is evident in equipment shipment volumes. According to the Global mobile Suppliers Association (GSA), in 2024, shipments of 5G Fixed Wireless Access (FWA) devices with millimeter-wave capability were forecast to remain at under 10% of all 5G FWA shipments. This disparity underscores how the challenge of signal propagation and the associated infrastructure costs continue to hamper the technology's ability to achieve mass-market dominance, confining it to niche applications despite its superior bandwidth capabilities.

Key Market Trends

The increasing utilization of E-Band and V-Band frequencies for wireless backhaul is reshaping network infrastructure as operators seek to support the massive throughput of 5G without relying exclusively on fiber deployments. This trend is characterized by the migration from traditional microwave bands to the 70 GHz and 80 GHz spectrum, which offers significantly wider channel bandwidths capable of delivering fiber-like speeds over short distances. This shift is particularly vital for urban densification where physical cabling is logistically difficult or cost-prohibitive. According to Ericsson, October 2023, in the 'Microwave Outlook 2023' report, it is projected that microwave technology will continue to handle 50% of global mobile backhaul connections by 2030, with E-band frequencies playing a central role in meeting the capacity demands of 5G Advanced networks.

Concurrently, the automotive sector is undergoing a definitive transition from conventional radar to 4D imaging radar, driven by the technical requirements of Level 3 and Level 4 autonomous driving systems. Unlike standard radar which detects speed and azimuth, 4D imaging sensors utilize Massive MIMO technology to provide vertical elevation data, creating high-resolution point clouds that can distinguish stationary objects such as bridges from stopped vehicles. This capability addresses a critical safety gap in current ADAS implementations and reduces reliance on optical sensors during poor visibility. According to Arbe Robotics, January 2024, in a corporate press release, the company confirmed that its Tier 1 partner HiRain Technologies would begin mass production of these advanced 4D imaging radar systems by the end of 2024, marking a significant step toward their widespread commercial integration.

Segmental Insights

The 100 GHz to 300 GHz frequency band constitutes the fastest-growing segment within the Global Millimeter Wave Technology Market due to rising demand for high-capacity wireless transmission. This spectrum is essential for developing next-generation telecommunication standards that require bandwidths exceeding current limits to support faster data rates. Additionally, these frequencies support high-resolution imaging systems utilized in airport security scanning and industrial quality control. The Federal Communications Commission has facilitated this growth by making experimental spectrum available, encouraging manufacturers to develop components for these higher bands. This regulatory support combined with technical necessity drives the rapid expansion of this segment.

Regional Insights

North America leads the Global Millimeter Wave (MMW) Technology Market, driven by extensive investments in telecommunications infrastructure and the defense sector. The region benefits from the rapid expansion of 5G networks and a strong ecosystem of key industry players driving technological advancements. Furthermore, the Federal Communications Commission (FCC) plays a pivotal role by actively allocating high-frequency spectrum, which facilitates the deployment of commercial wireless services. High demand for bandwidth-intensive consumer applications and secure military communications further solidifies the region's dominant market position.

Recent Developments

• In September 2025, Keysight Technologies launched two new millimeter-wave frequency extender modules capable of supporting measurements up to 170 GHz and 250 GHz. These products were developed to meet the increasing demand for precise test and measurement solutions in high-speed data communication and sub-terahertz wireless research. Designed to integrate seamlessly with vector network analyzers, the extenders enabled engineers to perform fully calibrated broadband measurements essential for the development of next-generation semiconductors and wireless devices. This release underscored the company's role in advancing the infrastructure required for the evolution of 5G and future 6G technologies.
• In October 2024, Vodafone, Qualcomm Technologies, and Ericsson completed successful trials of 5G millimeter-wave technology in the United Kingdom. The collaboration focused on demonstrating the benefits of high-frequency bands for delivering high-speed connectivity and increased capacity in complex scenarios. The trials addressed use cases such as fixed wireless access for home broadband and network performance in crowded public venues. By utilizing advanced radio systems, the companies achieved significant improvements in download speeds and latency, validating the technology's potential to alleviate network congestion and provide fiber-like wireless experiences.
• In May 2024, Ericsson, in collaboration with Qualcomm Technologies and Dronus, successfully demonstrated a 5G millimeter-wave-powered drone at a smart factory in the United States. This initiative involved an autonomous drone performing indoor inventory checks utilizing a private 5G network without relying on external gateways. The drone was equipped with a specialized processor and a millimeter-wave data card, allowing it to function as a natively connected device. This proof of concept highlighted the capability of high-frequency spectrum technology to support industrial automation and bandwidth-intensive applications within manufacturing environments.
• In January 2024, Texas Instruments introduced the AWR2544, a 77GHz millimeter-wave radar sensor chip designed specifically for satellite radar architectures in the automotive sector. This product launch represented a significant advancement in sensor technology, enabling improved sensor fusion and decision-making for advanced driver assistance systems. The sensor utilized launch-on-package technology, which allowed for a substantial reduction in sensor size by mounting a 3D waveguide antenna directly on the printed circuit board. This innovation facilitated extended sensing ranges beyond 200 meters with a single chip, supporting higher levels of vehicle autonomy and safety.

Key Market Players

• Qualcomm Incorporated
• Keysight Technologies, Inc
• Ceragon Networks Ltd
• L3Harris Technologies, Inc
• NEC Corporation.
• AVIAT NETWORKS, Inc.
• Smiths Group plc.
• Vubiq Networks, Inc.
• REMEC Broadband Wireless Networks LLC.
• Ducommun Incorporated

By Frequency Band	By Component	By End User	By Region
Below 30 GHz 30 GHz to 100 GHz 100 GHz to 300 GHz Above 300 GHz	Antennas Transceivers Amplifiers Oscillators Frequency Sources Other	Telecommunications Aerospace & Defense Automotive Healthcare Consumer Electronics Industrial Security & Surveillance	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 Frequency Band:

• Below 30 GHz
• 30 GHz to 100 GHz
• 100 GHz to 300 GHz
• Above 300 GHz

• Millimeter Wave (MMW) Technology Market, By Component:

• Antennas
• Transceivers
• Amplifiers
• Oscillators
• Frequency Sources
• Other

• Millimeter Wave (MMW) Technology Market, By End User:

• Telecommunications
• Aerospace & Defense
• Automotive
• Healthcare
• Consumer Electronics
• Industrial
• Security & Surveillance

• 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