IMARC Group's report titled “Millimeter Wave Technology Market Report by Component (Antennas and Transceivers, Amplifiers, Oscillators, Control Devices, Frequency Converters, Passive Components, and Others), Product (Telecommunication Equipment, Imaging and Scanning Systems, Radar and Satellite Communication Systems, Services), Frequency Band (30 GHz - 57 GHz, 57 GHz - 96 GHz, 96 GHz -300 GHz), License Type (Light Licensed Frequency Millimeter Wave, Unlicensed Frequency Millimeter Wave, Fully Licensed Frequency Millimeter Wave), Application (Telecommunication, Military and Defense, Automotive and Transport, Healthcare, Electronics and Semiconductor, and Others), and Region 2025-2033”, Offers a comprehensive analysis of the industry, which comprises insights on the global millimeter wave technology market share. The global size reached USD 3.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.2 Billion by 2033, exhibiting a growth rate (CAGR) of 17.58% during 2025-2033.

Factors Affecting the Growth of the Millimeter Wave Technology Industry:

  • ncreasing Demand for High-Speed Connectivity:

The MMW technology market receives substantial growth from rising demands for fast wireless communication. 5G network distribution instigates business and consumer requirements for rapid data transmission along with shorter delays. The necessary bandwidth that MMW technology provides transforms it into an essential network capability solution which mobile operators and service providers need to upgrade their network systems.



  • Advancements in Telecommunications Infrastructure:

Telecom operators conduct substantial network infrastructure investments to sustain the escalating amounts of smartphone and IoT devices and various connected systems. Through MMW technology service providers can install small cells and achieve better wireless network functionality. The rising data volumes prompt telecom providers to use millimeter waves for maintaining smooth high-speed network operations.



  • Expanding Applications in Automotive and Healthcare:

Millimeter wave technology finds extensive utilization in automotive industries and healthcare applications apart from its telecommunication role. Millimeter wave technology plays an essential role in automatic driver assistance technologies and self-driving vehicles because it improves their capacity to identify objects and navigate safely. Medical agencies develop MMW imaging systems for diagnostic purposes to enhance healthcare services and patient care monitoring systems. The growing applications push different industries to embrace MMW technology at an increasing rate.

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Leading Companies Operating in the Global Millimeter Wave Technology Industry:

  • Aviat Networks Inc.
  • AXXCSS Wireless Solutions Inc.
  • Farran Technology Ltd.
  • Fastback Networks Inc.
  • Keysight Technologies Inc.
  • L3 Technologies Inc.
  • Millimeter Wave Products Inc.
  • Mistral Solutions Pvt. Ltd.
  • (AXISCADES Engineering Technologies Ltd.)
  • NEC Corporation
  • Siklu Communication Ltd.
  • Smiths Group Plc
  • Vubiq Networks Inc.

Millimeter Wave Technology Market Report Segmentation:

By Component:

  • Antennas and Transceivers
  • Amplifiers
  • Oscillators
  • Control Devices
  • Frequency Converters
  • Passive Components
  • Others

By Product:

  • Telecommunication Equipment
  • Imaging and Scanning Systems
  • Radar and Satellite Communication Systems
  • Services

By Frequency Band:

  • 30 GHz - 57 GHz
  • 57 GHz - 96 GHz
  • 96 GHz -300 GHz

By License Type:

  • Light Licensed Frequency Millimeter Wave
  • Unlicensed Frequency Millimeter Wave
  • Fully Licensed Frequency Millimeter Wave

By Application:

  • Telecommunication
  • Military and Defense
  • Automotive and Transport
  • Healthcare
  • Electronics and Semiconductor
  • Others

Regional Insights:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Global Millimeter Wave Technology Market Trends:

Two primary changing factors influence the MMW technology market development. 5G network deployment serves as a primary market trend because MMW solutions prove critical to achieve high-speed data transmission. Various businesses work on building affordable miniature MMW components which will expand their availability for different application purposes. The current trend includes MMW technology integration with IoT devices because it creates smart interconnected environments. Enhanced research spending combined with increased development work drives innovation that allows the expansion of MMW technology throughout several industrial sectors. MMW technology will play a crucial role in modern wireless communication as predicted future trends will continue to reshape its landscape.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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