Telecom Millimeter Wave Technology Market Size, Share, Growth Report 2032

Telecom Millimeter Wave Technology Market SIze

The global telecom millimeter wave technology market size was worth around USD 2.16billion in 2023 and is predicted to grow to around USD 40.55 billion by 2032 with a compound annual growth rate (CAGR) of roughly 38.5% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The report covers a forecast and an analysis of the telecom millimeter wave technology market on a global and regional level.

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Global Telecom Millimeter Wave Technology Market: Overview

Millimeter Waves Technology is also known as Extremely High Frequency (EHF) waves owing to the operational frequency spectrum. Millimeter waves can proficiently transmit a massive volume of data effectively operating in 30 GHz to 300 GHz. The feature of sending a huge amount of relevant data has allowed the technology to be popular in telecommunication applications.

Global Telecom Millimeter Wave Technology Market: Growth Drivers

The demand for bandwidth-intensive applications is rising especially across consumer electronics, particularly for mobile devices such as wearable electronics and smartphones. The growing deployment rate of these devices has been acting a major stimulant for the global telecom millimeter wave technology market. Furthermore, data-intensive technologies such as high-speed online gaming, media exchange over the internet, video conferencing, and video streaming are likely to enhance the need for high-bandwidth, promoting the need for adoption of the global telecom millimeter wave technology market.

Additionally, the next-generation wireless communication is at its commencement with approaching time. The technological needs of 5G such as cell edge data rate of 100 Mbps 1 msec latency rate, peak data rate i.e. above 10 Gbps, and so on, are the driving the requirement for this technology. The huge amount of adjoining bandwidth available above 24 GHz, improving research & lab trials, upbringing modern innovative approaches such as sub-6 GHz spectrum in the uplink, and using the multimeter wave in the downlink as well as the competitive environment are some of the prominent growth drivers of the global market.

Global Telecom Millimeter Wave Technology Market: Segmentation

The global telecom millimeter wave technology market is categorized on the basis of licensing nature, frequency band type, product, industry vertical, and region.

By licensing nature, the global telecom millimeter wave technology market is segmented into light-licensed, fully-licensed, and unlicensed frequency bands.

On the basis of the frequency band type, the global market is bifurcated into E-band, V-band, and other such types. Amongst these, E-band frequencies have extensive applicability across the telecom sector.

Based on industry vertical, the global market is bifurcated into defense, security services, industrial transportation, healthcare, automotive, telecommunications, and commercial end-user.

Based upon product type, the global telecom millimeter wave technology market is segregated into MM radar and satellite communication systems, application-specific radar, perimeter & surveillance radar, scanner & imaging systems, MM telecommunication equipment, sub-segments such as macro-cell and small-cell, mobile back-haul equipment as well as enterprise and other networking equipment.

Telecom Millimeter Wave Technology Market: Report Scope

Global Telecom Millimeter Wave Technology Market: Regional Analysis

North America might represent a considerable chunk of the total global telecom millimeter wave technology market share through 2026. Countries such as Canada and the United States, being early adopters of emerging technologies, have been seeking to establish a robust telecom sector. The tendency of the consumers to adopt highly efficient, advanced technologies is pushing the need for the Carrier Ethernet services particularly across the metro areas. These factors are expected to drive the market in the region.

Asia Pacific is set to observe notable growth throughout the forecast period owing to the trending inclination toward optimum digitalization. Growing installation of modern telecom equipment, accelerated rise in data consumption, and infrastructural development have been anticipated to boost the market share of this region in the near future in the global telecom millimeter wave technology market. The public as well as private investments have been rising in countries such as India and Japan, across the healthcare, military, automotive, and telecommunication applications, further driving regional market growth.

Global Telecom Millimeter Wave Technology Market: Competitive Players

Some of the key players of the global telecom millimeter wave technology market include:

• Siklu Communication Ltd.
• E-Band Communications
• Renaissance Electronics and Communications (HXi)
• BridgeWave Communications LLC
• L3 Technologies Inc.
• LightPointe Communications Inc.
• Smiths Group Plc.
• NEC Corp.
• Vubiq Networks Inc.
• QuinStar Technology Inc.
• ELVA-1 and Wireless Excellence Inc.
• Proxim Wireless
• Keysight Technologies Inc.
• Siklu Communication Ltd.
• SAGE Millimeter
• Aviat Networks Inc.
• Smiths Group
• Axxcss Wireless Solutions
• Eravant
• Millimeter Wave Products
• Farran Technology Ltd.

The major companies have been adopting both inorganic as well as organic strategies of market growth such as contracts, acquisitions, mergers, installations & product launches, partnerships, collaborations, and expansions to strengthen their share in the global market.

The Global Telecom Millimeter Wave Technology Market is segmented as follows:

By Licensing Nature 

• Light-Licensed
• Fully-Licensed
• Unlicensed Frequency Bands

By Frequency Band Type 

• E-Band
• V-Band
• Other

By Industry Vertical 

• Defense
• Security Services
• Industrial Transportation
• Healthcare
• Automotive
• Telecommunications
• Commercial

By Product Type 

• MM Radar And Satellite Communication Systems
• Application-Specific Radar
• Perimeter & Surveillance Radar
• Scanner & Imaging Systems
• MM Telecommunication Equipment

Global Telecom Millimeter Wave Technology Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.