Global Millimeter Wave Technology Market Size Study by Product (Scanning System, Telecommunication Equipment, Radar & Satellite Communication System, Others), by License Type, by Component, by Frequency Band, by End Use, and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: G693B0938633EN
Bizwit Research & Consulting LLP

Abstracts

The Global Millimeter Wave Technology Market is valued at approximately USD 6.33 billion in 2023 and is anticipated to witness a robust compound annual growth rate (CAGR) of 20.10% over the forecast period 2024-2032Millimeter wave technology is revolutionizing the communication and sensing landscapes, offering unmatched potential for ultra-high bandwidth and seamless connectivity. Leveraging the unique properties of electromagnetic waves within the millimeter range, this technology is carving a niche in applications ranging from telecommunications to security and automotive radar.

The rapid expansion of 5G networks is a key driver fueling the adoption of millimeter wave technology. With its ability to deliver unprecedented data speeds, reduced latency, and enhanced network efficiency, millimeter waves are at the forefront of next-generation communication systems. Additionally, the increasing deployment of advanced radar systems in automotive and aerospace sectors underscores the indispensable role of this technology. Enhanced scanning systems, satellite communications, and telecommunication equipment are also harnessing millimeter wave frequencies to ensure optimal performance and reliability.

Despite its promising growth trajectory, the millimeter wave technology market faces challenges such as high deployment costs and signal attenuation issues over longer distances. However, ongoing advancements in antenna designs and beamforming technologies are addressing these limitations, paving the way for widespread adoption across industries. Furthermore, governments and private stakeholders are heavily investing in research and development, strengthening the foundation for future innovations and market expansion.

Geographically, North America dominated the millimeter wave technology market in 2023, buoyed by a strong ecosystem of technology pioneers and substantial investments in telecommunications and defense infrastructure. Europe, with its robust regulatory frameworks and growing demand for advanced automotive radar systems, is another critical player. Meanwhile, the Asia-Pacific region is poised to witness the fastest growth, driven by the proliferation of 5G networks, rising industrial automation, and increasing adoption of connected devices.

Major market players included in this report are:

• Qualcomm Technologies, Inc.
• Keysight Technologies, Inc.
• SAGE Millimeter, Inc.
• Aviat Networks, Inc.
• BridgeWave Communications, Inc.
• Siklu Communication, Ltd.
• NEC Corporation
• Farran Technology Ltd.
• LightPointe Communications, Inc.
• L3Harris Technologies, Inc.
• E-Band Communications, LLC
• Millitech, Inc.
• Smiths Group PLC
• Anokiwave, Inc.
• Vubiq Networks, Inc.

The detailed segments and sub-segments of the market are explained below:

By Product

• Scanning System
• Telecommunication Equipment
• Radar & Satellite Communication System
• Others

By License Type

• Licensed
• Unlicensed
• Light Licensed

By Component

• Antennas & Transceivers
• Communication & Networking Components
• Frequency Components & Related Services
• Imaging Components
• RF & Radio Components
• Sensors & Controls

By Frequency Band

• 24 GHz to 57 GHz
• 57 GHz to 86 GHz
• 86 GHz and Above

By End Use

• Telecommunication
• Automotive & Transportation
• Healthcare
• Aerospace & Defense
• Electronics & Semiconductor
• Others

By Region:

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico

Middle East & Africa

• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Years considered for the study are as follows:

• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:

• Market estimates and forecasts for a 10-year period from 2022 to 2032.
• Regional-level and annualized revenue analysis for each market segment.
• Comprehensive analysis of the competitive landscape, including key strategies of major players.
• Insights into demand-side and supply-side market dynamics.
• Recommendations for key stakeholders based on in-depth market analysis.

Contents

CHAPTER 1. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET EXECUTIVE SUMMARY

1.1. Global Millimeter Wave Technology Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Product
  1.3.2. By License Type
  1.3.3. By Component
  1.3.4. By Frequency Band
  1.3.5. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rapid Expansion of 5G Networks
  3.1.2. Increasing Deployment of Advanced Radar Systems
  3.1.3. Growing Demand for High-Bandwidth Applications
3.2. Market Challenges
  3.2.1. High Deployment Costs
  3.2.2. Signal Attenuation Over Longer Distances
3.3. Market Opportunities
  3.3.1. Advancements in Antenna Designs and Beamforming Technologies
  3.3.2. Government and Private Sector Investments in R&D
  3.3.3. Expansion into Emerging Markets and Industries

CHAPTER 4. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET SIZE & FORECASTS BY PRODUCT 2022-2032

5.1. Segment Dashboard
5.2. Global Millimeter Wave Technology Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1. Scanning System
  5.2.2. Telecommunication Equipment
  5.2.3. Radar & Satellite Communication System
  5.2.4. Others

CHAPTER 6. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET SIZE & FORECASTS BY LICENSE TYPE 2022-2032

6.1. Segment Dashboard
6.2. Global Millimeter Wave Technology Market: License Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1. Licensed
  6.2.2. Unlicensed
  6.2.3. Light Licensed

CHAPTER 7. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET SIZE & FORECASTS BY COMPONENT 2022-2032

7.1. Segment Dashboard
7.2. Global Millimeter Wave Technology Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  7.2.1. Antennas & Transceivers
  7.2.2. Communication & Networking Components
  7.2.3. Frequency Components & Related Services
  7.2.4. Imaging Components
  7.2.5. RF & Radio Components
  7.2.6. Sensors & Controls

CHAPTER 8. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET SIZE & FORECASTS BY FREQUENCY BAND 2022-2032

8.1. Segment Dashboard
8.2. Global Millimeter Wave Technology Market: Frequency Band Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  8.2.1. 24 GHz to 57 GHz
  8.2.2. 57 GHz to 86 GHz
  8.2.3. 86 GHz and Above

CHAPTER 9. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET SIZE & FORECASTS BY END USE 2022-2032

9.1. Segment Dashboard
9.2. Global Millimeter Wave Technology Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  9.2.1. Telecommunication
  9.2.2. Automotive & Transportation
  9.2.3. Healthcare
  9.2.4. Aerospace & Defense
  9.2.5. Electronics & Semiconductor
  9.2.6. Others

CHAPTER 10. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET SIZE & FORECASTS BY REGION 2022-2032

10.1. North America Millimeter Wave Technology Market
  10.1.1. U.S. Millimeter Wave Technology Market
    10.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
    10.1.1.2. License Type Breakdown Size & Forecasts, 2022-2032
  10.1.2. Canada Millimeter Wave Technology Market
10.2. Europe Millimeter Wave Technology Market
  10.2.1. UK Millimeter Wave Technology Market
  10.2.2. Germany Millimeter Wave Technology Market
  10.2.3. France Millimeter Wave Technology Market
  10.2.4. Spain Millimeter Wave Technology Market
  10.2.5. Italy Millimeter Wave Technology Market
  10.2.6. Rest of Europe Millimeter Wave Technology Market
10.3. Asia-Pacific Millimeter Wave Technology Market
  10.3.1. China Millimeter Wave Technology Market
  10.3.2. India Millimeter Wave Technology Market
  10.3.3. Japan Millimeter Wave Technology Market
  10.3.4. Australia Millimeter Wave Technology Market
  10.3.5. South Korea Millimeter Wave Technology Market
  10.3.6. Rest of Asia Pacific Millimeter Wave Technology Market
10.4. Latin America Millimeter Wave Technology Market
  10.4.1. Brazil Millimeter Wave Technology Market
  10.4.2. Mexico Millimeter Wave Technology Market
  10.4.3. Rest of Latin America Millimeter Wave Technology Market
10.5. Middle East & Africa Millimeter Wave Technology Market
  10.5.1. Saudi Arabia Millimeter Wave Technology Market
  10.5.2. South Africa Millimeter Wave Technology Market
  10.5.3. Rest of Middle East & Africa Millimeter Wave Technology Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Qualcomm Technologies, Inc.
  11.1.2. Keysight Technologies, Inc.
  11.1.3. SAGE Millimeter, Inc.
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. Qualcomm Technologies, Inc.
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. Keysight Technologies, Inc.
  11.3.3. SAGE Millimeter, Inc.
  11.3.4. Aviat Networks, Inc.
  11.3.5. BridgeWave Communications, Inc.
  11.3.6. Siklu Communication, Ltd.
  11.3.7. NEC Corporation
  11.3.8. Farran Technology Ltd.
  11.3.9. LightPointe Communications, Inc.
  11.3.10. L3Harris Technologies, Inc.

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

List Of Tables

LIST OF TABLES

TABLE 1. Global Millimeter Wave Technology Market, Report Scope
TABLE 2. Global Millimeter Wave Technology Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 3. Global Millimeter Wave Technology Market Estimates & Forecasts by Product 2022-2032 (USD Million/Billion)
TABLE 4. Global Millimeter Wave Technology Market Estimates & Forecasts by License Type 2022-2032 (USD Million/Billion)
TABLE 5. Global Millimeter Wave Technology Market Estimates & Forecasts by Component 2022-2032 (USD Million/Billion)
TABLE 6. Global Millimeter Wave Technology Market Estimates & Forecasts by Frequency Band 2022-2032 (USD Million/Billion)
TABLE 7. Global Millimeter Wave Technology Market Estimates & Forecasts by End Use 2022-2032 (USD Million/Billion)
TABLE 8. Global Millimeter Wave Technology Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 9. Global Millimeter Wave Technology Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 10. Global Millimeter Wave Technology Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 11. Global Millimeter Wave Technology Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 12. Global Millimeter Wave Technology Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 13. Global Millimeter Wave Technology Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 14. Global Millimeter Wave Technology Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 15. U.S. Millimeter Wave Technology Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 16. U.S. Millimeter Wave Technology Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
TABLE 17. U.S. Millimeter Wave Technology Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
TABLE 18. Canada Millimeter Wave Technology Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 19. Canada Millimeter Wave Technology Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
TABLE 20. Canada Millimeter Wave Technology Market Estimates & Forecasts by Segment 2022-2032 (USD Million/Billion)
…

List Of Figures

LIST OF FIGURES

FIG 1. Global Millimeter Wave Technology Market, Research Methodology
FIG 2. Global Millimeter Wave Technology Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods
FIG 4. Global Millimeter Wave Technology Market, Key Trends 2023
FIG 5. Global Millimeter Wave Technology Market, Growth Prospects 2022-2032
FIG 6. Global Millimeter Wave Technology Market, Porter’s 5 Force Model
FIG 7. Global Millimeter Wave Technology Market, PESTEL Analysis
FIG 8. Global Millimeter Wave Technology Market, Value Chain Analysis
FIG 9. Global Millimeter Wave Technology Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 10. Global Millimeter Wave Technology Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 11. Global Millimeter Wave Technology Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 12. Global Millimeter Wave Technology Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 13. Global Millimeter Wave Technology Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 14. Global Millimeter Wave Technology Market, Regional Snapshot 2022 & 2032
FIG 15. North America Millimeter Wave Technology Market 2022 & 2032 (USD Million/Billion)
FIG 16. Europe Millimeter Wave Technology Market 2022 & 2032 (USD Million/Billion)
FIG 17. Asia Pacific Millimeter Wave Technology Market 2022 & 2032 (USD Million/Billion)
FIG 18. Latin America Millimeter Wave Technology Market 2022 & 2032 (USD Million/Billion)
FIG 19. Middle East & Africa Millimeter Wave Technology Market 2022 & 2032 (USD Million/Billion)
FIG 20. Global Millimeter Wave Technology Market, Company Market Share Analysis (2023)
…
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.