Millimeter Wave Technology Market Size and Outlook 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 3.41 Billion
CAGR (2026-2031)	23.94%
Fastest Growing Segment	Antenna & Transceiver Components
Largest Market	North America
Market Size (2031)	USD 12.36 Billion

Market Overview

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. This trajectory is further supported by substantial capital allocation from telecommunications entities aiming to operationalize these high-frequency bands. According to the Global mobile Suppliers Association, in July 2025, 203 operators across 56 countries and territories were investing in 5G mmWave network deployments.

However, the market confronts a significant impediment regarding the physical propagation characteristics of millimeter waves, specifically their high susceptibility to atmospheric attenuation and inability to penetrate solid obstacles. This technical limitation necessitates the installation of a dense infrastructure of small cell stations to maintain reliable signal continuity, thereby drastically increasing the deployment costs and logistical complexity for network operators.

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. According to 5G Americas, in July 2024, global 5G connections reached nearly two billion, representing a massive commercial push to operationalize these high-frequency ecosystems. This surge in connectivity directly correlates with the increased procurement of millimeter wave-capable hardware, establishing a robust foundation for long-term market expansion.

Simultaneously, the Increasing Adoption of Automotive Radar for ADAS and Autonomous Vehicles is a critical driver. Automotive manufacturers are standardizing the integration of 77 GHz millimeter wave radar sensors to enable functions such as emergency braking and adaptive cruise control, which are prerequisites for vehicle autonomy. The financial performance of key suppliers reflects this demand; according to NXP Semiconductors, in April 2024, the company reported quarterly automotive revenue of $1.8 billion, highlighting the sector's appetite for sensing solutions. Furthermore, the technology's reach extends into non-terrestrial domains. According to SpaceX, in September 2024, the Starlink satellite service surpassed four million active subscribers, demonstrating the expanding utilization of millimeter wave bands for global connectivity.

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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.

Consequently, this financial and logistical complexity has slowed the widespread commercialization of millimeter wave spectrum compared to lower frequency bands. This restricted pace of infrastructure rollout directly dampens the ecosystem growth for compatible user equipment and services, effectively limiting the market's expansion to specific high-capacity use cases. For instance, according to the Global mobile Suppliers Association, in 2025, shipments of millimeter wave-capable 5G Fixed Wireless Access devices were projected to account for just 5% of the total 5G FWA shipments. This data underscores how the high cost and deployment difficulty restrict the technology's adoption to niche, high-density environments rather than broader national networks.

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. The scale of this industrial adoption is significant; according to the Global mobile Suppliers Association, September 2024, in the 'Private Mobile Networks' report, the number of customer deployments globally reached 1,489, reflecting a robust demand for dedicated network solutions that increasingly incorporate millimeter wave capabilities for high-throughput operational environments.

Simultaneously, the Deployment of E-Band and V-Band Wireless Backhaul Solutions has become a critical trend to resolve the logistical challenges of network densification. As operators densify 5G infrastructure with small cells, the cost and difficulty of laying fiber optics often prove prohibitive, necessitating the use of the 70-80 GHz (E-Band) and 60 GHz (V-Band) spectrums for high-capacity wireless transport. These millimeter wave bands provide the necessary gigabit-level throughput to link small cells back to the core network without physical cabling, effectively serving as a fiber alternative. This reliance on wireless transport infrastructure is substantial; according to Ericsson, October 2024, in the 'Microwave Outlook 2024', there were approximately 10 million microwave and millimeter wave transceivers installed globally, underscoring the essential role these technologies play in sustaining modern network architecture.

Segmental Insights

The Antenna and Transceiver Components segment is positioning itself as the fastest-growing category within the Global Millimeter Wave Technology Market. This expansion is driven by the rapid global deployment of 5G infrastructure, which necessitates a dense network of small cells to maintain signal integrity. These components are critical for enabling beamforming to overcome high-frequency propagation issues. Additionally, the release of millimeter wave spectrum by organizations like the Federal Communications Commission compels telecommunications operators to upgrade hardware, directly increasing the demand for these essential infrastructure elements.

Regional Insights

North America maintains a leading position in the global millimeter wave technology market, driven by substantial adoption across the telecommunications and defense sectors. This regional dominance is largely attributed to favorable regulatory frameworks established by the Federal Communications Commission, which has systematically made high-frequency spectrum available for commercial utilization. Consequently, the United States has experienced accelerated deployment of high-bandwidth wireless networks and satellite communications. The concentration of major technology manufacturers within the region further strengthens the industrial ecosystem, ensuring North America remains the primary hub for millimeter wave infrastructure development and commercialization.

Recent Developments

In September 2025, Keysight Technologies introduced two new millimeter-wave frequency extender modules, the NA5305A and NA5307A, capable of supporting measurements up to 170 GHz and 250 GHz, respectively. These accessories were designed to work with vector network analyzers to provide fully calibrated, broadband S-parameter measurements for next-generation semiconductors and wireless components. The launch also involved a collaboration with FormFactor and MPI Corporation to offer integrated testing solutions. This advancement aimed to accelerate the development of high-speed data interconnects and sub-terahertz research for future communication networks.
In October 2024, Vodafone, Qualcomm Technologies, and Ericsson successfully completed joint trials of 5G millimeter-wave technology in the United Kingdom to assess its performance in high-density environments. The collaboration demonstrated peak download speeds of 2.8 Gbps at a stadium and up to 4 Gbps for fixed wireless access applications. These trials utilized Ericsson’s radio equipment and devices powered by Qualcomm’s Snapdragon modem-RF systems. The initiative proved that high-band spectrum could effectively alleviate network congestion and deliver reliable, high-capacity connectivity for home broadband and crowded public venues.
In February 2024, Qualcomm Technologies announced the release of the Qualcomm 5G Fixed Wireless Access Ultra Gen 3 Platform, a millimeter-wave solution designed to deliver high-performance connectivity with reduced energy usage. The platform offered a 50% decrease in power consumption compared to the previous generation and utilized the Snapdragon X75 5G Modem-RF System. It incorporated artificial intelligence to optimize signal reach and coverage, enabling operators to provide fiber-like internet speeds in both urban and rural areas. This development focused on expanding the deployment of cost-effective, high-speed broadband services across global markets.
In January 2024, Texas Instruments unveiled the AWR2544 77-GHz millimeter-wave radar sensor chip, designed specifically for satellite radar architectures in automotive safety systems. This new component featured launch-on-package technology, which allowed for a reduction in sensor size by up to 30% while extending detection ranges beyond 200 meters. The sensor was engineered to improve sensor fusion and decision-making in advanced driver assistance systems by processing data from a 360-degree perspective. This product launch aimed to support higher levels of vehicle autonomy and enhance safety features through more accurate long-distance sensing capabilities.

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

By Component	By Product	By License Type	By Frequency Band	By Application	By Region
Antenna & Transceiver Components Frequency Sources & Related Components Communication & Networking Components Imaging Components RF & Radio Components Sensors & Controls and Others	Scanner Systems Radar & Satellite Communication Systems and Telecommunication Equipment	Light Licensed Frequency Unlicensed Frequency and Fully Licensed Frequency	24 GHz to 57 GHz 58 GHz to 86 GHz and 87 GHz to 300 GHz	Telecom Defense & Aerospace Automotive Industrial Consumer Medical and Others	North America Europe Asia Pacific South America Middle East & Africa

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).

Global Millimeter Wave Technology Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

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

5.1.1. By Value

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

6.1.1. By Value

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

6.3.1.1.1. By Value

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

6.3.2.1.1. By Value

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

6.3.3.1.1. By Value

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

7.1.1. By Value

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

7.3.1.1.1. By Value

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

7.3.2.1.1. By Value

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

7.3.3.1.1. By Value

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

7.3.4.1.1. By Value

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

7.3.5.1.1. By Value

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

8.1.1. By Value

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

8.3.1.1.1. By Value

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

8.3.2.1.1. By Value

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

8.3.3.1.1. By Value

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

8.3.4.1.1. By Value

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

8.3.5.1.1. By Value

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

9.1.1. By Value

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

9.3.1.1.1. By Value

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

9.3.2.1.1. By Value

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

9.3.3.1.1. By Value

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

10.1.1. By Value

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

10.3.1.1.1. By Value

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

10.3.2.1.1. By Value

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

10.3.3.1.1. By Value

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

Report Description

Table of content

Figures and Tables

Frequently asked questions

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