Global Telecom Millimeter Wave Technology Market Size study, by Product, Components, Frequency, Application, and Regional Forecasts 2022-2032

February 2025 | 285 pages | ID: G2C18F0E8CB1EN
Bizwit Research & Consulting LLP

Abstracts

The Global Telecom Millimeter Wave Technology Market, valued at approximately USD 3.75 billion in 2023, is poised to witness remarkable growth, achieving a staggering CAGR of 39.7% over the forecast period from 2024 to 2032. Millimeter wave technology, characterized by its ability to transmit high-speed data over short distances, is transforming the telecommunications industry. Its adoption is particularly critical in enhancing 5G networks, supporting high-capacity backhaul connections, and enabling ultra-fast wireless communication in densely populated urban areas. This game-changing technology caters to an increasing demand for faster connectivity, greater bandwidth, and innovative telecom solutions.

The market’s growth is underpinned by the rising penetration of 5G networks and the exponential growth of connected devices worldwide. Telecom providers are integrating millimeter wave technology to address the bandwidth challenges posed by burgeoning data traffic, ensuring seamless communication in applications such as augmented reality (AR), virtual reality (VR), and high-definition video streaming. Additionally, the technology’s potential in satellite communication and defense applications further underscores its transformative capabilities. However, challenges such as signal attenuation due to environmental factors and high deployment costs could hinder market expansion.

Global Telecom Millimeter Wave Technology Market exhibits notable regional trends, with North America leading the market in 2023. This dominance stems from substantial investments in 5G infrastructure and the presence of key players such as Qualcomm and Keysight Technologies. Europe follows closely, driven by initiatives to strengthen digital ecosystems and bolster 5G connectivity. The Asia-Pacific region is anticipated to grow at the fastest rate during the forecast period, fueled by increasing smartphone penetration, government-backed initiatives for 5G adoption, and significant investments in telecom infrastructure in countries like China, Japan, and India.

The competitive landscape of this dynamic market features significant investments, strategic partnerships, and technological advancements by leading players. For instance, companies are leveraging advanced antenna technologies and innovative deployment strategies to overcome barriers and enhance the adoption of millimeter wave solutions.

Major market players included in this report are:

• Qualcomm Technologies, Inc.
• Keysight Technologies
• NEC Corporation
• Nokia Corporation
• Samsung Electronics Co., Ltd.
• Siklu Communication Ltd.
• L3Harris Technologies, Inc.
• Ericsson
• Huawei Technologies Co., Ltd.
• Fujitsu Limited
• Aviat Networks, Inc.
• E-Band Communications, LLC
• BridgeWave Communications
• LightPointe Communications, Inc.
• Fastback Networks

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

By Product:

• Hardware
• Software
• Services

By Components:

• Antennas
• Transceivers
• Connectors
• Others

By Frequency:

• 24–57 GHz
• 58–86 GHz
• 87 GHz and above

By Application:

• Telecommunication
• Defense and Aerospace
• Automotive and Transportation
• Healthcare
• 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
• Rest of Latin America

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: 2024-2032

Key Takeaways:

• Market estimates & forecasts for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Analysis of the competitive structure of the market.
• Demand-side and supply-side analysis of the market.

Contents

CHAPTER 1. GLOBAL TELECOM MILLIMETER WAVE TECHNOLOGY MARKET EXECUTIVE SUMMARY

1.1. Global Telecom 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 Components
  1.3.3. By Frequency
  1.3.4. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL TELECOM 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 TELECOM MILLIMETER WAVE TECHNOLOGY MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Demand for High-Speed 5G Connectivity
  3.1.2. Expanding Ecosystem of Connected Devices
  3.1.3. Increased Investment in Next-Generation Telecom Infrastructure
3.2. Market Challenges
  3.2.1. Signal Attenuation and Environmental Interferences
  3.2.2. High Deployment and Maintenance Costs
3.3. Market Opportunities
  3.3.1. Adoption of Advanced Antenna and Beamforming Technologies
  3.3.2. Expansion in High-Density Urban and Industrial Areas
  3.3.3. Potential in Satellite Communication and Defense Applications

CHAPTER 4. GLOBAL TELECOM 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 Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

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

5.1. Segment Dashboard
5.2. Global Telecom Millimeter Wave Technology Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  5.2.1. Hardware
  5.2.2. Software
  5.2.3. Services

CHAPTER 6. GLOBAL TELECOM MILLIMETER WAVE TECHNOLOGY MARKET SIZE & FORECASTS BY COMPONENTS 2022-2032

6.1. Segment Dashboard
6.2. Global Telecom Millimeter Wave Technology Market: Components Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  6.2.1. Antennas
  6.2.2. Transceivers
  6.2.3. Connectors
  6.2.4. Others

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

7.1. Segment Dashboard
7.2. Global Telecom Millimeter Wave Technology Market: Frequency Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  7.2.1. 24–57 GHz
  7.2.2. 58–86 GHz
  7.2.3. 87 GHz and above

CHAPTER 8. GLOBAL TELECOM MILLIMETER WAVE TECHNOLOGY MARKET SIZE & FORECASTS BY APPLICATION 2022-2032

8.1. Segment Dashboard
8.2. Global Telecom Millimeter Wave Technology Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
  8.2.1. Telecommunication
  8.2.2. Defense and Aerospace
  8.2.3. Automotive and Transportation
  8.2.4. Healthcare
  8.2.5. Others

CHAPTER 9. GLOBAL TELECOM MILLIMETER WAVE TECHNOLOGY MARKET SIZE & FORECASTS BY REGION 2022-2032

9.1. North America Telecom Millimeter Wave Technology Market
  9.1.1. U.S. Telecom Millimeter Wave Technology Market
    9.1.1.1. Product Breakdown Size & Forecasts, 2022-2032
    9.1.1.2. Components Breakdown Size & Forecasts, 2022-2032
  9.1.2. Canada Telecom Millimeter Wave Technology Market
9.2. Europe Telecom Millimeter Wave Technology Market
  9.2.1. UK Telecom Millimeter Wave Technology Market
  9.2.2. Germany Telecom Millimeter Wave Technology Market
  9.2.3. France Telecom Millimeter Wave Technology Market
  9.2.4. Spain Telecom Millimeter Wave Technology Market
  9.2.5. Italy Telecom Millimeter Wave Technology Market
  9.2.6. Rest of Europe Telecom Millimeter Wave Technology Market
9.3. Asia-Pacific Telecom Millimeter Wave Technology Market
  9.3.1. China Telecom Millimeter Wave Technology Market
  9.3.2. India Telecom Millimeter Wave Technology Market
  9.3.3. Japan Telecom Millimeter Wave Technology Market
  9.3.4. Australia Telecom Millimeter Wave Technology Market
  9.3.5. South Korea Telecom Millimeter Wave Technology Market
  9.3.6. Rest of Asia-Pacific Telecom Millimeter Wave Technology Market
9.4. Latin America Telecom Millimeter Wave Technology Market
  9.4.1. Brazil Telecom Millimeter Wave Technology Market
  9.4.2. Mexico Telecom Millimeter Wave Technology Market
  9.4.3. Rest of Latin America Telecom Millimeter Wave Technology Market
9.5. Middle East & Africa Telecom Millimeter Wave Technology Market
  9.5.1. Saudi Arabia Telecom Millimeter Wave Technology Market
  9.5.2. South Africa Telecom Millimeter Wave Technology Market
  9.5.3. Rest of Middle East & Africa Telecom Millimeter Wave Technology Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Key Company SWOT Analysis
  10.1.1. Qualcomm Technologies, Inc.
  10.1.2. Keysight Technologies
  10.1.3. NEC Corporation
10.2. Top Market Strategies
10.3. Company Profiles
  10.3.1. Qualcomm Technologies, Inc.
    10.3.1.1. Key Information
    10.3.1.2. Overview
    10.3.1.3. Financial (Subject to Data Availability)
    10.3.1.4. Product Summary
    10.3.1.5. Market Strategies
  10.3.2. Nokia Corporation
  10.3.3. Samsung Electronics Co., Ltd.
  10.3.4. Siklu Communication Ltd.
  10.3.5. L3Harris Technologies, Inc.
  10.3.6. Ericsson
  10.3.7. Huawei Technologies Co., Ltd.
  10.3.8. Fujitsu Limited
  10.3.9. Aviat Networks, Inc.
  10.3.10. E-Band Communications, LLC
  10.3.11. BridgeWave Communications
  10.3.12. LightPointe Communications, Inc.
  10.3.13. Fastback Networks

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes

List Of Tables

LIST OF TABLES

TABLE 1. Global Telecom Millimeter Wave Technology Market, Report Scope
TABLE 2. Global Telecom Millimeter Wave Technology Market Estimates & Forecasts by Region 2022-2032 (USD Million/Billion)
TABLE 3. Global Telecom Millimeter Wave Technology Market Estimates & Forecasts by Product 2022-2032 (USD Million/Billion)
TABLE 4. Global Telecom Millimeter Wave Technology Market Estimates & Forecasts by Components 2022-2032 (USD Million/Billion)
TABLE 5. Global Telecom Millimeter Wave Technology Market Estimates & Forecasts by Frequency 2022-2032 (USD Million/Billion)
TABLE 6. Global Telecom Millimeter Wave Technology Market Estimates & Forecasts by Application 2022-2032 (USD Million/Billion)
TABLE 7. Global Telecom Millimeter Wave Technology Market by Segment, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 8. Global Telecom Millimeter Wave Technology Market by Region, Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 9. North America Telecom Millimeter Wave Technology Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 10. U.S. Telecom Millimeter Wave Technology Market Estimates & Forecasts by Segment, 2022-2032 (USD Million/Billion)
TABLE 11. Canada Telecom Millimeter Wave Technology Market Estimates & Forecasts, 2022-2032 (USD Million/Billion)
TABLE 12. Europe Telecom Millimeter Wave Technology Market Estimates & Forecasts by Country, 2022-2032 (USD Million/Billion)
TABLE 13. Asia-Pacific Telecom Millimeter Wave Technology Market Estimates & Forecasts by Country, 2022-2032 (USD Million/Billion)
TABLE 14. Latin America Telecom Millimeter Wave Technology Market Estimates & Forecasts by Country, 2022-2032 (USD Million/Billion)
TABLE 15. Middle East & Africa Telecom Millimeter Wave Technology Market Estimates & Forecasts by Country, 2022-2032 (USD Million/Billion)
… (Additional tables as provided in the final report)

List Of Figures

LIST OF FIGURES

FIG 1. Global Telecom Millimeter Wave Technology Market, Research Methodology
FIG 2. Global Telecom Millimeter Wave Technology Market, Market Estimation Techniques
FIG 3. Global Market Size Estimates & Forecast Methods
FIG 4. Global Telecom Millimeter Wave Technology Market, Key Trends 2023
FIG 5. Global Telecom Millimeter Wave Technology Market, Growth Prospects 2022-2032
FIG 6. Global Telecom Millimeter Wave Technology Market, Porter’s 5 Force Model
FIG 7. Global Telecom Millimeter Wave Technology Market, PESTEL Analysis
FIG 8. Global Telecom Millimeter Wave Technology Market, Value Chain Analysis
FIG 9. Global Telecom Millimeter Wave Technology Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 10. Global Telecom Millimeter Wave Technology Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 11. Global Telecom Millimeter Wave Technology Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 12. Global Telecom Millimeter Wave Technology Market by Segment, 2022 & 2032 (USD Million/Billion)
FIG 13. Global Telecom Millimeter Wave Technology Market, Regional Snapshot 2022 & 2032
FIG 14. North America Telecom Millimeter Wave Technology Market, 2022 & 2032 (USD Million/Billion)
FIG 15. Europe Telecom Millimeter Wave Technology Market, 2022 & 2032 (USD Million/Billion)
FIG 16. Asia-Pacific Telecom Millimeter Wave Technology Market, 2022 & 2032 (USD Million/Billion)
FIG 17. Latin America Telecom Millimeter Wave Technology Market, 2022 & 2032 (USD Million/Billion)
FIG 18. Middle East & Africa Telecom Millimeter Wave Technology Market, 2022 & 2032 (USD Million/Billion)
FIG 19. Global Telecom Millimeter Wave Technology Market, Company Market Share Analysis (2023)
… (Additional figures as provided in the final report)