Telecom Millimeter Wave Technology Market Summary

The global telecom millimeter wave technology market size was valued at USD 2.28 billion in 2023 and is projected to reach USD 16.02 billion by 2030, growing at a CAGR of 31.2% from 2024 to 2030. The remarkable growth of this market is primarily driven by the rising need for enhanced bandwidth applications and the ongoing global transition from 4G to 5G network infrastructure. Millimeter wave (mmWave) technology plays a crucial role in meeting the growing data traffic and connectivity demands of next-generation networks, offering extremely high data transfer speeds, reduced latency, and improved signal quality. Additionally, continuous advancements in antenna design, beamforming techniques, and signal processing capabilities are accelerating technology adoption across various telecom sectors.

The growing integration of mmWave technology in the military and defense industry is another key factor driving market growth. The technology is widely used for radar systems, secure communications, and surveillance due to its ability to transmit high-frequency signals across longer bandwidths and deliver superior data transfer speeds with minimal interference. Its capacity to function effectively in complex operational environments, along with its resistance to interception and jamming, has made it highly valuable for critical defense communication systems. Moreover, the increasing need for high-speed and reliable communication networks for civil infrastructure, including smart cities, autonomous vehicles, and transportation systems, is further contributing to the expansion of this market.

Key Market Trends & Insights

• North America dominated the global telecom millimeter wave technology market, accounting for a revenue share of 39.6% in 2023. The region’s strong presence is attributed to the early adoption of 5G technologies, the presence of key market players, and significant government investments in next-generation communication infrastructure. The continuous efforts of leading telecom companies such as Verizon, AT&T, and T-Mobile to deploy mmWave-enabled 5G networks have further strengthened North America’s leadership position in this domain.
• Asia Pacific telecom millimeter wave technology market is projected to experience the fastest CAGR from 2024 to 2030. The region’s rapid growth is supported by large-scale investments in telecom infrastructure, increasing smartphone penetration, and expanding 5G trials in countries such as China, Japan, South Korea, and India. Additionally, the region’s industrial digitalization initiatives and the growing adoption of smart city projects are likely to further fuel the demand for high-speed, low-latency connectivity solutions based on mmWave technology.
• Based on frequency band, the E-band segment dominated the global industry and accounted for a revenue share of 74.6% in 2023. The E-band is preferred for its ability to deliver higher data capacity, improved bandwidth efficiency, and enhanced signal performance, making it ideal for 5G backhaul, high-capacity data links, and enterprise connectivity solutions.
• In terms of license, the light-licensed segment held the largest revenue share of the global market in 2023. This dominance is due to the flexibility and cost-effectiveness associated with light-licensed spectrum usage, which offers a balanced approach between regulatory control and ease of deployment. It allows telecom operators to deploy mmWave solutions efficiently while maintaining stable connectivity and compliance with regional regulations.
• Based on application, the civil application segment dominated the global industry in 2023. This segment’s growth is driven by the increasing deployment of high-speed wireless networks for public infrastructure, commercial buildings, and smart transportation systems. The adoption of mmWave technology in civil communication networks enhances data throughput, supports ultra-reliable connectivity, and enables the development of intelligent network systems.

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Market Size & Forecast

• 2023 Market Size: USD 2.28 Billion
• 2030 Projected Market Size: USD 16.02 Billion
• CAGR (2024-2030): 31.2%
• North America: Largest market in 2023
• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights

Some of the key companies operating in the telecom millimeter wave technology market include AVIAT NETWORKS, Ceragon, QuinStar Technology, Inc., Smiths Group plc and others. The major market participants are adopting strategies such as innovation, extensive expansion of application areas, growing collaborations with other organizations and enhanced research & development effort.

• AVIAT NETWORKS, one of the prominent companies in wireless transport solutions, offers a range of products, services, and customer support. Some of its products in the millimeter wave technology category include iPasolink EX/A 10 Gbps radio, WTM 4000 All-Outdoor, IP/SDN Radio, and others. Its portfolio entails radios, antennas, routers, hosted software, accessories, license keys, and kits.
• QuinStar Technology, Inc., a major industry participant, designs and develops millimeter-wave (MMW) products. The company offers multiple products, including amplifiers, millimeter-wave sources, millimeter-wave antennas, and more. QuinStar also provides mass customization and rapid prototyping expertise.

Key Players

• AVIAT NETWORKS
• Bridgewave Communications
• E-Band Communications, LLC
• Farran
• Keysight Technologies
• QuinStar Technology, Inc.
• Eravant
• Ceragon
• Smiths Group plc
• NEC Corporation

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Conclusion

The telecom millimeter wave technology market is poised for substantial expansion, fueled by the global transition to 5G, increasing demand for high-bandwidth applications, and rapid advancements in antenna and signal processing technologies. Its adoption across defense, civil, and industrial sectors underscores its versatility and performance efficiency. North America continues to lead in deployment, while Asia Pacific is emerging as the fastest-growing region driven by aggressive 5G rollout plans. With its capacity to deliver high-speed, low-latency communication, mmWave technology is expected to play a transformative role in shaping the future of global connectivity and next-generation telecom infrastructure.