The global market for Millimeter Wave Equipment was valued at US$2.8 Billion in 2024 and is projected to reach US$7.6 Billion by 2030, growing at a CAGR of 18.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The strategic deployment of mmWave technology not only enhances network capabilities but also offers substantial economic and energy efficiencies. High-density environments such as stadiums and shopping malls, which experience significant data traffic, can benefit from mmWave's ability to provide necessary bandwidth efficiently and cost-effectively. The technology's use extends to innovative applications facilitated by its high linearity and broad bandwidth capabilities. For instance, mmWave can support advanced sensing and precise positioning applications that are critical in developing smart city infrastructures and autonomous systems. The continuous evolution of mmWave technology promises not only to improve current telecommunication services but also to spearhead innovations that integrate deeper into our social and industrial fabric, enhancing the efficiency of services and the overall quality of life.
Millimeter wave (mmWave) technology is setting the stage for future advancements in telecommunications, characterized by its high-speed, high-capacity, and low-latency capabilities. As we progress from 5G and look towards 6G technologies, the importance of mmWave frequencies becomes increasingly pronounced, especially as we approach the potential utilization of the sub-terahertz (THz) bands in the 2030s. The need for such robust communication systems is underscored by the exponential growth in mobile communication traffic driven by smartphones, the Internet of Things (IoT), and multimedia services. This technology meets the demands for handling massive data volumes with minimal latency, making it ideal for next-generation applications across various sectors including healthcare, industrial automation, and high-definition content streaming like 4K and 8K videos.
Global Millimeter Wave Equipment Market - Key Trends and Drivers Summarized
The growth of the mmWave technology market is fueled by various drivers that align with broader technological and infrastructural developments. The integration of mmWave technology into modernizing infrastructures allows for enhanced communication system performance without complete overhauls, making it an attractive option for stakeholders looking for cost-effective technological upgrades. Improvements in semiconductor manufacturing have reduced the costs of mmWave components, increasing the accessibility of the technology. The global rollout of 5G networks boosts demand for mmWave equipment, essential for supporting ultra-high frequency operations. Additionally, regulatory changes facilitating spectrum allocation for mmWave frequencies expand the technology's applications. Consumer expectations for immediate and reliable connectivity in densely populated areas further accelerate the adoption of mmWave technologies, which provide significantly faster connections than traditional technologies. The versatility of mmWave is also demonstrated in its increasing use in sectors such as automotive for autonomous vehicles and in manufacturing for industrial IoT applications. The proliferation of devices compatible with mmWave frequencies and the development of supporting ecosystems are crucial for its widespread adoption, ensuring mmWave technology remains integral to the future landscape of global telecommunications.The strategic deployment of mmWave technology not only enhances network capabilities but also offers substantial economic and energy efficiencies. High-density environments such as stadiums and shopping malls, which experience significant data traffic, can benefit from mmWave's ability to provide necessary bandwidth efficiently and cost-effectively. The technology's use extends to innovative applications facilitated by its high linearity and broad bandwidth capabilities. For instance, mmWave can support advanced sensing and precise positioning applications that are critical in developing smart city infrastructures and autonomous systems. The continuous evolution of mmWave technology promises not only to improve current telecommunication services but also to spearhead innovations that integrate deeper into our social and industrial fabric, enhancing the efficiency of services and the overall quality of life.
Millimeter wave (mmWave) technology is setting the stage for future advancements in telecommunications, characterized by its high-speed, high-capacity, and low-latency capabilities. As we progress from 5G and look towards 6G technologies, the importance of mmWave frequencies becomes increasingly pronounced, especially as we approach the potential utilization of the sub-terahertz (THz) bands in the 2030s. The need for such robust communication systems is underscored by the exponential growth in mobile communication traffic driven by smartphones, the Internet of Things (IoT), and multimedia services. This technology meets the demands for handling massive data volumes with minimal latency, making it ideal for next-generation applications across various sectors including healthcare, industrial automation, and high-definition content streaming like 4K and 8K videos.
Report Scope
The report analyzes the Millimeter Wave Equipment market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below.Segments
Type (Telecommunication Equipment, Radar & Satellite Communication Systems, Scanner Systems, Other Types); End-Use (Mobile & Telecommunications, Aerospace & Defense, Automotive & Transportation, Consumer, Commercial, Other End-Uses).Geographic Regions/Countries
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Telecommunication Equipment segment, which is expected to reach US$5.3 Billion by 2030 with a CAGR of a 17.9%. The Radar & Satellite Communication Systems segment is also set to grow at 20.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $767.3 Million in 2024, and China, forecasted to grow at an impressive 17.1% CAGR to reach $1.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Millimeter Wave Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Millimeter Wave Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Millimeter Wave Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of players such as Aviat Networks, Inc., Bridgewave Communications, DragonWave, Inc., E-Band Communications, ELVA-1 Millimeter Wave Division and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 36 companies featured in this Millimeter Wave Equipment market report include:
- Aviat Networks, Inc.
- Bridgewave Communications
- DragonWave, Inc.
- E-Band Communications
- ELVA-1 Millimeter Wave Division
- Intracom Telecom
- NEC Corporation
- Siklu Communication Ltd
- Trex Enterprises Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aviat Networks, Inc.
- Bridgewave Communications
- DragonWave, Inc.
- E-Band Communications
- ELVA-1 Millimeter Wave Division
- Intracom Telecom
- NEC Corporation
- Siklu Communication Ltd
- Trex Enterprises Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 272 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 2.8 Billion |
| Forecasted Market Value ( USD | $ 7.6 Billion |
| Compound Annual Growth Rate | 18.1% |
| Regions Covered | Global |
