U.S. Millimeter Wave (MMW) Technology Market Size Worth USD 11.14 Billion by 2034 | CAGR: 25.1%

The U.S. millimeter wave (MMW) technology market size is expected to reach USD 11.14 Billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Millimeter Wave (MMW) Technology Market Size, Share, Trends, Industry Analysis Report: By Product (Telecommunication Equipment, Imaging & Scanning Systems), By Component, By Frequency Band, By Application– Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

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.

The U.S. government, particularly the FCC, plays a crucial role in driving MMW market growth by enabling access to high-frequency spectrum. Through timely auctions and spectrum-sharing policies, bands like 24 GHz, 28 GHz, and 39 GHz have been made commercially available. Flexible licensing models encourage private sector investment and innovation. Regulatory clarity reduces uncertainty for telecom providers and tech developers, accelerating product development and deployment. The U.S. regulatory environment actively promotes the expansion of MMW technology by lowering entry barriers and supporting competitive participation, thereby fueling the industry growth.

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U.S. cities face growing demand for fast, uninterrupted internet due to rising urban populations and connected devices. Millimeter wave technology is ideal for delivering high-speed data in dense urban environments using small cell networks. Smart city projects increasingly rely on MMW to power real-time surveillance, connected traffic systems, and public Wi-Fi. MMW supports the bandwidth and latency requirements of urban innovation as municipalities invest in digital infrastructure. This growing need for seamless, high-capacity communication in cities is driving the U.S. MMW technology industry across telecom, public safety, and infrastructure sectors.

U.S. Millimeter Wave (MMW) Technology Market Report Highlights

• The telecommunication equipment segment is projected to grow at a CAGR of 24.6% over the forecast period, primarily driven by the accelerated deployment of 5G networks and the growing need for high-speed mobile connectivity.
• Amplifiers are expected to secure a substantial market share, owing to their essential function in enhancing signal strength and maintaining reliable transmission at higher frequencies.
• E-band frequencies captured 63.05% of the total revenue in 2024, as their suitability for high-capacity, short-distance wireless links makes them increasingly popular across various applications.
• In 2024, the electronics & semiconductor segment accounted for 4.61% of market revenue, supported by the surging demand for compact, high-speed, and energy-efficient electronic components.
• The global key market players are 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.

Polaris market research has segmented the U.S. millimeter wave (MMW) technology market report based on product, component, frequency band, and application:

By Product (Revenue - USD Billion, 2020–2034)

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

By Component (Revenue - USD Billion, 2020–2034)

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

By Frequency Band (Revenue - USD Billion, 2020–2034)

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

By Application (Revenue - USD Billion, 2020–2034)

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