Millimeter Wave (MMW) Technology Market Size, Share, Trends, & Industry Analysis Report

Overview

The global millimeter wave (MMW) technology market size was valued at USD 2.55 billion in 2024, growing at a CAGR of 26.4% from 2025–2034. Key factors driving demand is expanding role in automotive radar systems, and increasing adoption in military and defense applications.

Key Insights

• The telecommunication equipment segment is expected to grow at a CAGR of 25.8% during the forecast period, driven by the global demand for faster and more reliable wireless communication networks.
• In 2024, the electronics & semiconductor segment accounted for 4.49% of total market revenue, supported by the rising demand for MMW-based chipsets, sensors, and communication modules as consumer electronics continue to become smarter, faster, and more compact.
• North America captured 41.25% of the global millimeter wave technology market revenue in 2024, fueled by early adoption of 5G, strong governmental support, and robust telecommunications infrastructure.
• Within North America, the U.S. dominated the regional market, contributing 95.99% of the revenue share in 2024, owing to rapid 5G deployment, advancements in defense technology, and increasing consumer demand for high-speed wireless services.
• The Asia Pacific market is projected to grow at a CAGR of 31.5% throughout the forecast period, supported by large-scale investments in 5G infrastructure, industrial automation, and the development of smart transportation systems.

Industry Dynamics

• Expanding role in automotive radar systems are driving the demand for MMW.
• Increasing adoption in military and defense applications is driving the millimeter wave technology market
• Millimeter wave technology’s major role in wireless backhaul in modern telecom infrastructure is fueling the growth.
• Limited range, line-of-sight dependency, and signal attenuation due to environmental factors restrain the widespread adoption of millimeter wave technology.

Market Statistics

• 2024 Market Size: USD 2.55 Billion
• 2034 Projected Market Size: USD 26.47 Billion
• CAGR (2025-2034): 26.4%
• North America: Largest Market Share

AI Impact on the Industry

• AI enhances MMW signal processing by enabling real-time beamforming, interference reduction, and adaptive modulation, improving overall communication efficiency and reliability in high-frequency bands.
• Integration of AI in MMW-based telecom networks supports dynamic spectrum management and predictive network optimization, reducing latency and enhancing user experience in 5G and beyond.
• AI-driven design and simulation tools accelerate the development of MMW components such as antennas, amplifiers, and transceivers by accurately modeling high-frequency behavior and thermal dynamics.
• AI-powered predictive maintenance systems help monitor and manage MMW communication infrastructure, minimizing downtime, reducing repair costs, and extending equipment lifespan in telecom and defense sectors.

Millimeter wave technology refers to the use of electromagnetic waves within the 30 GHz to 300 GHz frequency range, corresponding to wavelengths between 1 and 10 millimeters. It enables high-speed, high-capacity wireless communication and is widely used in applications such as 5G networks, radar systems, and advanced imaging. Due to its short wavelength, MMW technology supports high data transmission rates but typically requires line-of-sight and is sensitive to environmental interference.

Security applications are increasingly benefiting from millimeter wave technology, particularly in imaging and scanning systems used at airports, government buildings, and high-security facilities. MMW scanners detect concealed objects on a person without physical contact or harmful radiation, making them ideal for non-invasive security checks. These systems are fast, accurate, and effective in identifying metallic and non-metallic threats. The demand for millimeter wave-based full-body scanners and surveillance systems rise as public safety concerns grow and global security regulations become stricter, driving growth across the transportation and critical infrastructure sectors.

Millimeter wave technology plays a major role in wireless backhaul in modern telecom infrastructure. MMW frequencies enable high-capacity, point-to-point connections that handle the heavy data loads required by 4G and 5G networks. This is especially important in densely populated urban areas where laying fiber is expensive or impractical. Operaters rely more on millimeter wave links to deliver seamless connectivity and higher speeds as operators expand their 5G networks, making MMW solutions a vital component in the telecom value chain.

Drivers & Opportunities

Expanding Role in Automotive Radar Systems: Millimeter wave technology is becoming essential in the automotive industry, especially in the development of advanced driver-assistance systems (ADAS) and autonomous vehicles. MMW radar sensors offer high accuracy in detecting objects, monitoring blind spots, and enabling features like lane departure warning, adaptive cruise control, and collision avoidance. These systems function effectively even in poor weather conditions, which makes them highly reliable. The integration of MMW radar becomes more common as automakers focus on improving vehicle safety and automation, driving the growth in the automotive and transportation sectors.

Increasing Adoption in Military and Defense Applications: Millimeter wave technology is widely used in military and defense sectors due to its ability to support high-resolution radar and secure communication systems. It enables advanced target detection, navigation, surveillance, and threat identification, even in challenging environments. MMW frequencies are ideal for short-range and high-precision radar systems used in aircraft, drones, and missile guidance. Governments around the world are investing heavily in modernizing their defense infrastructure, which includes upgrading radar and communication systems with millimeter wave-enabled equipment. According to the Atlantic Council, in August 2025, Germany announced to spend EUR 650 billion or USD 759.5 billion in defense in next five years. This rising investment is fueling the demand for military-grade performance directly which supports the growth of the MMW technology industry.

Segmental Insights

Product Analysis

Based on product, the segmentation includes telecommunication equipment, imaging & scanning systems, and radar & satellite communication systems. Telecommunication equipment segment is projected to grow at a CAGR of 25.8% over the forecast period due to the global push for faster, more reliable wireless networks. MMW frequencies enable ultra-high-speed data transmission, making them ideal for 5G base stations, small cells, and network backhaul systems. Telecom operators are rapidly upgrading infrastructure using MMW-enabled equipment as mobile data usage increases with video streaming, IoT devices, and cloud applications. The increasing demand for uninterrupted, high-bandwidth connectivity in urban and enterprise environments further accelerates the need for millimeter wave technology in next-generation telecom solutions, thereby fueling the segment growth.

Component Analysis

Based on component, the segmentation includes antennas & transceivers, amplifiers, oscillators, control devices, frequency converters, passive components, and other components. Amplifiers segment is expected to witness a significant share over the forecast period as amplifiers play a major role in improving millimeter wave signal strength. Signal attenuation becomes a challenge with higher frequencies, especially over longer distances or through obstructions. Millimeter wave amplifiers, such as power amplifiers and low-noise amplifiers, are essential for ensuring reliable transmission and reception in devices such as radar systems, telecom gear, and imaging equipment. Moreover, the rising adoption of MMW in 5G networks, satellite communication, and automotive radar fuels the demand for advanced amplifiers capable of handling high-frequency, high-speed signals without distortion or signal loss, thereby fueling the segment growth.

Frequency Band Analysis

In terms of frequency band, the segmentation includes E-band, V-band, and other frequency Bands. The E-band held 61.44% of revenue share in 2024 due to its ability to support ultra-high-capacity wireless communication over short distances. It is especially favored for wireless backhaul in 5G networks, where fiber-optic deployment is costly or impractical. E-Band frequencies offer large channel bandwidths, enabling multi-gigabit speeds, which are ideal for dense urban areas with high data traffic. The demand for E-Band millimeter wave technology rise as the need for high-throughput, low-latency communication increases across telecom and enterprise applications, thereby boosting the segment growth.

Application Analysis

In terms of application, the segmentation includes telecommunications, military & defense, automotive & transport, healthcare, electronics & semiconductor, security. The electronics & semiconductor segment held significant revenue share in 2024, holding 4.49% as there is a growing need for MMW-based chipsets, sensors, and communication modules as consumer electronics evolve with smarter, faster, and more compact designs. Semiconductor manufacturers are increasingly integrating MMW capabilities into devices to support advanced wireless communication, imaging, and radar functions. This is especially relevant in applications such as smartphones, AR/VR devices, and wearable tech. Moreover, the miniaturization of MMW components and growing R&D in RF semiconductors are fueling the segment growth.

Regional Analysis

North America millimeter wave technology market accounted for 41.25% of global revenue share in 2024 due to early 5G adoption, strong government support, and well-established telecom infrastructure. The presence of major technology players, especially in the U.S., is accelerating innovation in MMW-enabled telecom equipment, automotive radar, and defense systems. Additionally, rising investments in smart city projects and next-generation communication networks are boosting the need for high-capacity backhaul, where MMW technology plays a major role. Ongoing research in aerospace, healthcare, and military applications further fuels demand, thereby fueling then growth.

U.S. Millimeter Wave (MMW) Technology Market Insight

The U.S. held 95.99% of the revenue share within North America in 2024, driven by aggressive 5G rollout, defense modernization, and high consumer demand for faster wireless connectivity. Regulatory support, such as spectrum allocations by the FCC for millimeter wave use, has enabled rapid deployment across telecom networks. Moreover, government contracts and funding in defense radar systems, airport security scanners, and satellite communication solutions drive expansion. Additionally, the presence of top-tier tech firms and semiconductor manufacturers further accelerates R&D in MMW components, thereby fueling the growth in the country.

Asia Pacific Millimeter Wave (MMW) Technology Market

The market in Asia Pacific is expected to register a CAGR of 31.5% during the forecast period due to increasing investments in 5G infrastructure, industrial automation, and smart transportation. Countries such as China, Japan, South Korea, and India are expanding their telecom capabilities using MMW bands for ultra-fast wireless communication. Rising demand for high-resolution imaging and radar systems in healthcare, automotive, and defense sectors further boosts adoption. Additionally, favorable government policies, growing consumer electronics sector, and large-scale urbanization projects driving the growth. Moreover, the region’s dynamic tech ecosystem and large manufacturing base further drives the growth.

China Millimeter Wave (MMW) Technology Market Overview

The demand in China is rising driven by strong government support for 5G rollout and national-level tech innovation programs. Chinese telecom giants are deploying MMW-based small cells and backhaul systems to meet increasing data traffic demands in smart cities and urban areas. Additionally, MMW technology is being integrated into automotive radar, security scanners, and next-gen semiconductors, supported by China's large electronics manufacturing industry. Moreover, strategic investments in AI, autonomous vehicles, and aerospace further boosts demand for MMW-enabled systems, thereby boosting the growth in the country.

Europe Millimeter Wave (MMW) Technology Market

The industry in the Asia Pacific is projected to grow at a CAGR of 23.1% from 2025 to 2034, driven by the expansion of 5G infrastructure, increasing demand for secure communication, and government-backed digital transformation initiatives. Countries such as Germany, the UK, and France are leading investments in high-speed networks where MMW plays a major role in delivering ultra-fast connectivity, especially in urban areas. Additionally, the region’s strong focus on automotive innovation particularly in autonomous vehicles and ADAS boosts demand for MMW radar systems. Moreover, growing adoption of MMW-based security and imaging systems at airports, borders, and public spaces further drives expansion in Europe.

Key Players & Competitive Analysis

The industry is moderately fragmented, with several key players competing through innovation, strategic partnerships, and product advancements. Companies like NEC Corporation, Keysight Technologies, Inc., and Aviat Networks, Inc. are leading the market by offering comprehensive MMW solutions for telecom, defense, and industrial applications. Siklu Communication Ltd., Bridgewave Communications, Inc., and E-Band Communications, LLC focus heavily on high-capacity wireless backhaul and broadband access, leveraging the surge in 5G deployment. Smiths Interconnect and Farran Technology Ltd. contribute through their precision RF and microwave components tailored for aerospace and military sectors. Millimeter Wave Products Inc. and Ducommun Incorporated provide custom MMW components, strengthening the supply chain with niche, high-performance solutions. Overall, the market is driven by technological differentiation, with players investing in high-frequency innovation, miniaturization, and integration to stay competitive in telecom infrastructure, security systems, and emerging verticals like autonomous vehicles and satellite communication.

Key Players

• Aviat Networks, Inc.
• Bridgewave Communications, Inc.
• Ducommun Incorporated
• E-Band Communications, LLC
• Farran Technology Ltd.
• Keysight Technologies, Inc.
• Millimeter Wave Products Inc.
• NEC Corporation
• Siklu Communication Ltd.
• Smiths Interconnect

Industry Developments

May 2023, ZTE, in partnership with Thailand's AIS, launched the world’s first ultra-high-bandwidth millimeter wave AAU, achieving peak downlink speeds of 22.01Gbps and uplink speeds of 4.32Gbps during live demonstration in Bangkok.

Millimeter Wave (MMW) Technology Market Segmentation

By Product Outlook (Revenue, USD Billion, 2021–2034)

• Telecommunication Equipment
• Imaging & Scanning Systems
• Radar & Satellite Communication Systems

By Component Outlook (Revenue, USD Billion, 2021–2034)

• Antennas & Transceivers
• Amplifiers
• Oscillators
• Control Devices
• Frequency Converters
• Passive Components
• Other Components

By Frequency Band Outlook (Revenue, USD Billion, 2021–2034)

• E-Band
• V-Band
• Other Frequency Bands

By Application Outlook (Revenue, USD Billion, 2021–2034)

• Telecommunications
• Military & Defense
• Automotive & Transport
• Healthcare
• Electronics & Semiconductor
• Security

By Regional Outlook (Revenue, USD Billion, 2021–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Millimeter Wave (MMW) Technology Market Report Scope