The global millimeter wave technology market stood at a value of around USD 2.60 Billion in 2025. The market is further expected to grow in the forecast period of 2026-2035 at a CAGR of 23.00% reaching a value of USD 20.61 Billion by 2035.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
23%
Value in USD Billion
2026-2035
*this image is indicative*
| Global Millimeter Wave Technology Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 2.60 |
| Market Size 2035 | USD Billion | 20.61 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 23.00% |
| CAGR 2026-2035 - Market by Region | Europe | 24.9% |
| CAGR 2026-2035 - Market by Country | UK | 26.5% |
| CAGR 2026-2035 - Market by Country | USA | 26.3% |
| CAGR 2026-2035 - Market by Product | Telecommunication Equipment | 25.8% |
| CAGR 2026-2035 - Market by Application | Military and Defence | 26.2% |
| Market Share by Country 2025 | Germany | 4.8% |
Millimeter wave technology is applied in various telecommunication equipment including automotive radars, routers, fibre optic cables, and smartphones, among others, which is driving the market growth. Millimeter wave solutions are ideal choice for 5G backhaul as these solutions provide integrated access, high throughput, economic flexibility, and efficient deployment. In this regard, the increasing application of 5G backhaul in various telecommunication equipment is further propelling the millimeter wave technology market growth.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market for millimeter wave technology in the North America region is being driven by the advanced IT infrastructure in the United States and Canada. The increasing demand for technologically advanced IT and wireless broadband services in various industries is accelerating the market growth.
Moreover, the heightened technological advancements in the automotive industry are generating a significant demand for millimeter wave technology, for detection of obstructions in real time, for low latency, collision avoidance systems, and automatic lane keeping, among others. In addition, the increasing investments towards automation in industries such as military and defence, and IT and telecom, are likely to provide impetus to the millimeter wave technology market in the coming years.
Millimeter wave technology refers to a band of the electromagnetic spectrum which supports wireless broadband communication services such as high-speed wireless local area network (WLAN). The wavelength of the millimeter wave spectrum can vary between 10 milimeters (30 GHz) and 1 millimeter (300 GHz), and this technology is capable of providing higher rates of data transmission at lower frequencies.
Based on product, the market can be segmented into:
On the basis of component, the market can be broadly categorised into:
Based on frequency band, the market is segmented into:
On the basis of applications, the is categorised into:
The regional markets for the product include:
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
| CAGR 2026-2035 - Market by | Country |
| UK | 26.5% |
| USA | 26.3% |
| India | 24.8% |
| Germany | 23.9% |
| China | 23.3% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 20.4% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
The increasing demand for high bandwidth capacity in commercial and industrial sectors is driving the millimeter wave technology market growth. In addition, the heightened adoption of smart appliances and gadgets, coupled with the increasing penetration of the Internet of Things is accelerating the demand for millimeter waves.
Moreover, millimeter waves can wirelessly transmit ultra-high definition videos to HDTV. Hence, the growing need for fast and efficient ways of transmitting and storing HD multimedia content is furthering the demand for millimeter wave technology.
Over the forecast period, the increasing demand for millimeter wave technology for satellite communication owing to the increasing research and development in space research organisations and aerospace and defence sectors are anticipated to accelerate the market growth.
The report gives a detailed analysis of the following key players in the global market for millimeter wave technology, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Upto 15% Off
USD
$3999 $3599
$2499 $2249
$4999 $4249
$5999 $5099
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The global market for millimeter wave technology reached a value of USD 2.60 Billion by 2025.
The millimeter wave technology market is estimated to grow at a CAGR of 23.00% between 2026 and 2035.
Technologies which have a high dependence on smart gadgets and satellite communications are the major users of millimeter waves. The crucial industries which use this technology include military and defence, telecommunication, and automotive.
Millimeter wave technology is a band of the electromagnetic spectrum which enables transmission of data at high rates and at low frequencies.
The major drivers of the market include the rising demand for high bandwidth capacity in the commercial and industrial sectors, increasing adoption of electronic appliances, growing need for fast and reliable ways of storing high-definition videos, and rapid urbanisation.
The growing research and development activities by space research organisations and technological advancements in smart electronic gadgets, are the key trends in the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major players in the industry are Aviat Networks, Inc., Siklu Communication Ltd., E-band Communications LLC, Sage Millimeter, Inc., and Bridgewave Communications, Inc., among others.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach USD 20.61 Billion by 2035.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Component |
|
| Breakup by Frequency Band |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Single User License
One User
USD 3,999
USD 3,599
tax inclusive*
Datasheet
One User
USD 2,499
USD 2,249
tax inclusive*
Five User License
Five User
USD 4,999
USD 4,249
tax inclusive*
Corporate License
Unlimited Users
USD 5,999
USD 5,099
tax inclusive*
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Small Business Bundle
Growth Bundle
Enterprise Bundle
*Please note that the prices mentioned below are starting prices for each bundle type. Kindly contact our team for further details.*
Flash Bundle
Number of Reports: 3
20%
tax inclusive*
Small Business Bundle
Number of Reports: 5
25%
tax inclusive*
Growth Bundle
Number of Reports: 8
30%
tax inclusive*
Enterprise Bundle
Number of Reports: 10
35%
tax inclusive*
How To Order
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Share