The global millimeter wave technology market is estimated to attain USD 38.55 billion by 2030. The market is expected to witness a CAGR of 39.1% over the forecast period of 2022 to 2030. Millimeter waves are radio frequencies operating in the electromagnetic spectrum of 30 GHz to 300GHz, also known as the Extremely High-Frequency (EHF) range. As the millimeter waves are capable of transmitting large amounts of data with greater efficiency, they hold a significant application across the telecommunication industry.
Currently, fiber-optic cables are one of the best transmission mediums being used, extensively, for data transmission. However, the fiber optics technology is extremely costly, and the network is highly tedious to install, posing the millimeter wave technology as an appealing alternative for the fiber-optics medium.
The global market is highly consolidated, in terms of applications and components, where it is extensively used. The primary application areas of the technology include telecommunication, military & defense, medical, and security services. The advancements in the telecom industry are leading to the evolution of next-generation technologies such as 5G.
Owing to the demand for higher bandwidths in fifth-generation technology, millimeter waves are expected to play a prominent role in the development of 5G technology. As the market is experiencing a shift toward the adoption of fifth-generation technology, the millimeter wave technology market is thus anticipated to grow, significantly, during the forecast period.
Moving further, the increasing focus of the governments and international security authorities on curbing down the global threats, looming due to the rising terrorist activities, such as plane hijacking and bomb blasts, is leading to the adoption of enhanced security measures. These measures prominently include the adoption of millimeter wave scanners across international airports and other crowded places in urban areas.
The increasing demand for MMW scanners for security purposes is expected to boost the millimeter wave technology market. The emerging markets of the Asia Pacific and South America & MEA regions are expected to be the potential markets capable of offering substantial growth opportunities for the technology, owing to the increasing awareness of security measures.
Intensive R&D activities and investments from the private and public sectors, coupled with government funding & initiatives, are paving the way for improved technologies. Additionally, the increasing use of MMW in the telecom sector and small cell backhaul applications are projected to be the key driving factors responsible for the overall industry growth.
North America contributed the majority of the market share of more than 40% in 2018. The massive market share across the region can be accredited to the extensive adoption of MMW technology in several sectors. However, the Asia Pacific region is expected to exhibit remarkable growth over the estimated duration.
The millimeter waves are prone to environmental conditions such as rainfall, humidity, and fog, as these conditions hamper their propagation characteristics. Besides, range limitations and line-of-sight communication are a few other factors that may hinder the applications of the technology. However, the obstructions that are hindering the growth of the market are expected to be overcome with time, lowering their impact, owing to the intense R&D being carried out by the researchers and the key players in the MMW technology area.
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Currently, fiber-optic cables are one of the best transmission mediums being used, extensively, for data transmission. However, the fiber optics technology is extremely costly, and the network is highly tedious to install, posing the millimeter wave technology as an appealing alternative for the fiber-optics medium.
The global market is highly consolidated, in terms of applications and components, where it is extensively used. The primary application areas of the technology include telecommunication, military & defense, medical, and security services. The advancements in the telecom industry are leading to the evolution of next-generation technologies such as 5G.
Owing to the demand for higher bandwidths in fifth-generation technology, millimeter waves are expected to play a prominent role in the development of 5G technology. As the market is experiencing a shift toward the adoption of fifth-generation technology, the millimeter wave technology market is thus anticipated to grow, significantly, during the forecast period.
Moving further, the increasing focus of the governments and international security authorities on curbing down the global threats, looming due to the rising terrorist activities, such as plane hijacking and bomb blasts, is leading to the adoption of enhanced security measures. These measures prominently include the adoption of millimeter wave scanners across international airports and other crowded places in urban areas.
The increasing demand for MMW scanners for security purposes is expected to boost the millimeter wave technology market. The emerging markets of the Asia Pacific and South America & MEA regions are expected to be the potential markets capable of offering substantial growth opportunities for the technology, owing to the increasing awareness of security measures.
Intensive R&D activities and investments from the private and public sectors, coupled with government funding & initiatives, are paving the way for improved technologies. Additionally, the increasing use of MMW in the telecom sector and small cell backhaul applications are projected to be the key driving factors responsible for the overall industry growth.
North America contributed the majority of the market share of more than 40% in 2018. The massive market share across the region can be accredited to the extensive adoption of MMW technology in several sectors. However, the Asia Pacific region is expected to exhibit remarkable growth over the estimated duration.
The millimeter waves are prone to environmental conditions such as rainfall, humidity, and fog, as these conditions hamper their propagation characteristics. Besides, range limitations and line-of-sight communication are a few other factors that may hinder the applications of the technology. However, the obstructions that are hindering the growth of the market are expected to be overcome with time, lowering their impact, owing to the intense R&D being carried out by the researchers and the key players in the MMW technology area.
Millimeter Wave Technology Market Report Highlights
- The millimeter wave technology is gaining attraction, owing to its ability to transmit large amounts of data with greater efficiency.
- The increasing use of MMW technology in small-cell backhaul applications and the upcoming 5G technology are expected to drive the market worldwide.
- The radar & satellite communication systems segment is projected to grow substantially with the fastest growing CAGR of beyond 41.2% during the forecast period.
- The E-band frequency segment is poised to witness the highest growth rate, owing to its extensive applications in telecommunication equipment and products.
- The Asia Pacific market is anticipated to undergo a considerable shift on account of the increasing telecommunication and military & defense applications in countries such as China, Japan, India, and South Korea.
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Table of Contents
Chapter 1. Methodology and Scope1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2. Executive Summary
2.1 Millimeter Wave Technology-Industry Snapshot & Key Buying Criteria, 2017-2030
Chapter 3. Millimeter Wave Technology Industry Outlook
3.1 Market Segmentation
3.2 Millimeter Wave Technology-Market Size and Growth Prospects
3.3 Millimeter Wave Technology-Value Chain Analysis
3.4 Millimeter Wave Technology-Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Growing demand from the bandwidth-intensive applications and the telecommunication sector
3.4.1.2 Increasing adoption of MMW technology in the telecommunication sector and emerging 5G technology
3.4.1.3 Rising adoption of MMW technology in scanners for the security purposes and military & defense, aerospace, and industrial sectors/applications
3.4.2 Market restraint analysis
3.4.2.1 Range limitations, line-of-sight communication, and environmental factors interfering with the propagation
3.5 Industry Analysis-Porter’s Five Forces
3.5.1 Supplier power
3.5.2 Buyer power
3.5.3 Substitution threat
3.5.4 Threat of new entrants
3.5.5 Competitive rivalry
3.6 Penetration & Growth Prospect Mapping
3.7 Millimeter Wave Technology-PESTLE Analysis
3.7.1 Political landscape
3.7.2 Environmental landscape
3.7.3 Social landscape
3.7.4 Technology landscape
3.7.5 Legal landscape
Chapter 4. Millimeter Wave Technology: Product Estimates & Trend Analysis
4.1 MMW Technology Market: Product Movement Analysis
4.1.1 Telecommunication Equipment
4.1.2 Imaging & Scanning Systems
4.1.3 Radar & Satellite Communication Systems
Chapter 5. Millimeter Wave Technology: Component Estimates & Trend Analysis
5.1 MMW Technology Market: Component Movement Analysis
5.1.1 Antennas & Transceivers
5.1.2 Amplifiers
5.1.3 Oscillators
5.1.4 Control Devices
5.1.5 Frequency Converters
5.1.6 Passive components
5.1.7 Others
Chapter 6. Millimeter Wave Technology: Application Estimates & Trend Analysis
6.1 MMW Technology Market: Application Movement Analysis
6.1.1 Telecommunications
6.1.2 Military & Defense
6.1.3 Automotive & Transport
6.1.4 Healthcare
6.1.5 Electronic & semiconductor
6.1.6 Security
Chapter 7. Millimeter Wave Technology: Frequency Band Estimates & Trend Analysis
7.1 MMW Technology Market: Frequency Band Movement Analysis
7.1.1 V-Band
7.1.2 E-Band
7.1.3 Other Frequency Bands
Chapter 8. Millimeter Wave Technology: Regional Estimates & Trend Analysis
8.1 MMW Technology market share by region, 2017 & 2025
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 U.K.
8.3.2 Germany
8.3.3 France
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.5 Rest of the World (RoW)
Chapter 9. Competitive Landscape
9.1 Company Profiles
9.1.1 Aviat Networks, Inc.
9.1.1.1 Company Overview
9.1.1.2 Financial Performance
9.1.1.3 Product Benchmarking
9.1.1.4 Recent Developments
9.1.2 BridgeWave Communications
9.1.2.1 Company Overview
9.1.2.2 Product Benchmarking
9.1.2.3 Recent Developments
9.1.3 E-Band Communications, LLC
9.1.3.1 Company Overview
9.1.3.2 Product Benchmarking
9.1.3.3 Recent Developments
9.1.4 Farran Technology
9.1.4.1 Company Overview
9.1.4.2 Product Benchmarking
9.1.5 Keysight Technologies
9.1.5.1 Company Overview
9.1.5.2 Financial Performance
9.1.5.3 Product Benchmarking
9.1.5.4 Recent Developments
9.1.6 LightPointe Communications, Inc.
9.1.6.1 Company Overview
9.1.6.2 Product Benchmarking
9.1.6.3 Recent Developments
9.1.7 Millitech, Inc.
9.1.7.1 Company Overview
9.1.7.2 Financial Performance
9.1.7.3 Product Benchmarking
9.1.7.4 Recent Developments
9.1.8 NEC Corporation
9.1.8.1 Company Overview
9.1.8.2 Financial Performance
9.1.8.3 Product Benchmarking
9.1.8.4 Recent Developments
9.1.9 QuinStar Technology, Inc.
9.1.9.1 Company Overview
9.1.9.2 Product Benchmarking
9.1.9.3 Recent Developments
9.1.10 SAGE Millimeter, Inc.
9.1.10.1 Company Overview
9.1.10.2 Product Benchmarking
9.1.11 Siklu Communication Ltd.
9.1.11.1 Company Overview
9.1.11.2 Product Benchmarking
9.1.11.3 Recent Developments
9.1.12 Trex Enterprises Corporation
9.1.12.1 Company Overview
9.1.12.2 Product Benchmarking
List of Tables
Table 1 Millimeter Wave Technology- Industry Snapshot & Key Buying Criteria, 2017-2030
Table 2 Global millimeter wave technology market, 2017-2030 (USD Million)
Table 3 Global millimeter wave technology market estimates and forecasts by product, 2014-2025 (USD Million)2014-2025 (USD Million)2014-2025 (USD Million)
Table 4 Global millimeter wave technology market estimates and forecasts by component, 2017-2030 (USD Million)
Table 5 Global millimeter wave technology market estimates and forecasts by application, 2017-2030 (USD Million)2017-2030 (USD Million)2017-2030 (USD Million)
Table 6 Global millimeter wave technology market estimates and forecasts by frequency band, 2017-2030 (USD Million)2017-2030 (USD Million)2017-2030 (USD Million)
Table 7 Global millimeter wave technology market estimates and forecasts by region, 2017-2030 (USD Million)2017-2030 (USD Million)2017-2030 (USD Million)
Table 8 Global telecommunication equipment market by region, 2017-2030 (USD Million)
Table 9 Global imaging & scanning systems market by region, 2017-2030 (USD Million)
Table 10 Global radar & satellite communication systems market by region, 2017-2030 (USD Million)
Table 11 Global antennas & transceivers market by region, 2017-2030 (USD Million)
Table 12 Global amplifiers market by region, 2017-2030 (USD Million)
Table 13 Global oscillators market by region, 2017-2030 (USD Million)
Table 14 Global control devices market by region, 2017-2030 (USD Million)
Table 15 Global frequency converters market by region, 2017-2030 (USD Million)
Table 16 Global passive components market by region, 2017-2030 (USD Million)
Table 17 Global other components market by region, 2017-2030 (USD Million)
Table 18 Global telecommunication application market by region, 2017-2030 (USD Million)
Table 19 Global military & defense application market by region, 2017-2030 (USD Million)
Table 20 Global automotive & transport application market by region, 2017-2030 (USD Million)
Table 21 Global healthcare application market by region, 2017-2030 (USD Million)
Table 22 Global electronic & semiconductor application market by region, 2017-2030 (USD Million)
Table 23 Global security application market by region, 2017-2030 (USD Million)
Table 24 Global frequency V-Band market by region, 2017-2030 (USD Million)
Table 25 Global frequency E-Band market by region, 2017-2030 (USD Million)
Table 26 Global other frequency bands market by region, 2017-2030 (USD Million)
Table 27 North America MMW technology market by product, 2017-2030 (USD Million)
Table 28 North America MMW technology market by component, 2017-2030 (USD Million)
Table 29 North America MMW technology market by application, 2017-2030 (USD Million)
Table 30 North America MMW technology market by frequency band, 2017-2030 (USD Million)
Table 31 U.S. MMW technology market by product, 2017-2030 (USD Million)
Table 32 U.S. MMW technology market by component, 2017-2030 (USD Million)
Table 33 U.S. MMW technology market by application, 2017-2030 (USD Million)
Table 34 U.S. MMW technology market by frequency band, 2017-2030 (USD Million)
Table 35 Canada MMW technology market by product, 2017-2030 (USD Million)
Table 36 Canada MMW technology market by component, 2017-2030 (USD Million)
Table 37 Canada MMW technology market by application, 2017-2030 (USD Million)
Table 38 Canada MMW technology market by frequency band, 2017-2030 (USD Million)
Table 39 Mexico MMW technology market by product, 2017-2030 (USD Million)
Table 40 Mexico MMW technology market by component, 2017-2030 (USD Million)
Table 41 Mexico MMW technology market by application, 2017-2030 (USD Million)
Table 42 Mexico MMW technology market by frequency band, 2017-2030 (USD Million)
Table 43 Europe MMW technology market by product, 2017-2030 (USD Million)
Table 44 Europe MMW technology market by component, 2017-2030 (USD Million)
Table 45 Europe MMW technology market by application, 2017-2030 (USD Million)
Table 46 Europe MMW technology market by frequency band, 2017-2030 (USD Million)
Table 47 U.K. MMW technology market by product, 2017-2030 (USD Million)
Table 48 U.K. MMW technology market by component, 2017-2030 (USD Million)
Table 49 U.K. MMW technology market by application, 2017-2030 (USD Million)
Table 50 U.K. MMW technology market by frequency band, 2017-2030 (USD Million)
Table 51 Germany MMW technology market by product, 2017-2030 (USD Million)
Table 52 Germany MMW technology market by component, 2017-2030 (USD Million)
Table 53 Germany MMW technology market by application, 2017-2030 (USD Million)
Table 54 Germany MMW technology market by frequency band, 2017-2030 (USD Million)
Table 55 France MMW technology market by product, 2017-2030 (USD Million)
Table 56 France MMW technology market by component, 2017-2030 (USD Million)
Table 57 France MMW technology market by application, 2017-2030 (USD Million)
Table 58 France MMW technology market by frequency band, 2017-2030 (USD Million)
Table 59 Asia Pacific MMW technology market by product, 2017-2030 (USD Million)
Table 60 Asia Pacific MMW technology market by component, 2017-2030 (USD Million)
Table 61 Asia Pacific MMW technology market by application, 2017-2030 (USD Million)
Table 62 Asia Pacific MMW technology market by frequency band, 2017-2030 (USD Million)
Table 63 China MMW technology market by product, 2017-2030 (USD Million)
Table 64 China MMW technology market by component, 2017-2030 (USD Million)
Table 65 China MMW technology market by application, 2017-2030 (USD Million)
Table 66 China MMW technology market by frequency band, 2017-2030 (USD Million)
Table 67 Japan MMW technology market by product, 2017-2030 (USD Million)
Table 68 Japan MMW technology market by component, 2017-2030 (USD Million)
Table 69 Japan MMW technology market by application, 2017-2030 (USD Million)
Table 70 Japan MMW technology market by frequency band, 2017-2030 (USD Million)
Table 71 India MMW technology market by product, 2017-2030 (USD Million)
Table 72 India MMW technology market by component, 2017-2030 (USD Million)
Table 73 India MMW technology market by application, 2017-2030 (USD Million)
Table 74 India MMW technology market by frequency band, 2017-2030 (USD Million)
Table 75 Rest of the World (RoW) MMW technology market by product, 2017-2030 (USD Million)
Table 76 Rest of the World (RoW) MMW technology market by component, 2017-2030 (USD Million)
Table 77 Rest of the World (RoW) MMW technology market by application, 2017-2030 (USD Million)
Table 78 Rest of the World (RoW) MMW technology market by frequency band, 2017-2030 (USD Million)
List of Figures
Fig. 1 Market segmentation
Fig. 2 Millimeter Wave Technology market size and growth prospects
Fig. 3 Millimeter Wave Technology-Value chain analysis
Fig. 4 Market dynamics
Fig. 5 Porter’s five forces analysis
Fig. 6 Penetration & growth prospect mapping (Revenue USD Million)
Fig. 7 Millimeter wave technology-PEST analysis
Fig. 8 MMW Technology market: Product movement analysis
Fig. 9 Global telecommunication equipment market, 2017-2030 (USD Million)
Fig. 10 Global imaging & scanning systems market, 2017-2030 (USD Million)
Fig. 11 Global radar & satellite communication systems market, 2017-2030 (USD Million)
Fig. 12 MMW Technology market: Component movement analysis
Fig. 13 Global antennas & transceivers market, 2017-2030 (USD Million)
Fig. 14 Global amplifiers market, 2017-2030 (USD Million)
Fig. 15 Global oscillators market, 2017-2030(USD Million)
Fig. 16 Global control devices market, 2017-2030 (USD Million)
Fig. 17 Global frequency converters market, 2017-2030(USD Million)
Fig. 18 Global passive components market, 2017-2030(USD Million)
Fig. 19 Global other components market, 2017-2030(USD Million)
Fig. 20 MMW Technology market: Application movement analysis
Fig. 21 Global MMW technology market for telecommunication applications, 2017-2030 (USD Million)
Fig. 22 Global MMW technology market for military & defense applications, 2017-2030 (USD Million)
Fig. 23 Global MMW technology market for automotive & transport applications, 2017-2030 (USD Million)
Fig. 24 Global MMW technology market for healthcare applications, 2017-2030 (USD Million)
Fig. 25 Global MMW technology market for electronic & semiconductor applications, 2017-2030 (USD Million)
Fig. 26 Global MMW technology market for security applications, 2017-2030 (USD Million)
Fig. 27 MMW Technology market: Frequency Band movement analysis
Fig. 28 Global MMW technology market for V-Band, 2017-2030 (USD Million)
Fig. 29 Global MMW technology market for E-Band, 2017-2030 (USD Million)
Fig. 30 Global MMW technology market for other frequency bands, 2017-2030 (USD Million)
Fig. 31 Regional marketplace: Key takeaways
Fig. 32 Regional outlook, 2017 & 2025
Fig. 33 North America MMW technology market by product, 2017-2030 (USD Million)
Fig. 34 North America MMW technology market by component, 2017-2030 (USD Million)
Fig. 35 North America MMW technology market by application, 2017-2030 (USD Million)
Fig. 36 North America MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 37 U.S. MMW technology market by product, 2017-2030 (USD Million)
Fig. 38 U.S. MMW technology market by components, 2017-2030 (USD Million)
Fig. 39 U.S. MMW technology market by application, 2017-2030 (USD Million)
Fig. 40 U.S. MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 41 Canada MMW technology market by product, 2017-2030 (USD Million)
Fig. 42 Canada MMW technology market by components, 2017-2030 (USD Million)
Fig. 43 Canada MMW technology market by application, 2017-2030 (USD Million)
Fig. 44 Canada MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 45 Mexico MMW technology market by product, 2017-2030 (USD Million)
Fig. 46 Mexico MMW technology market by components, 2017-2030 (USD Million)
Fig. 47 Mexico MMW technology market by application, 2017-2030 (USD Million)
Fig. 48 Mexico MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 49 Europe MMW technology market by product, 2017-2030 (USD Million)
Fig. 50 Europe MMW technology market by components, 2017-2030 (USD Million)
Fig. 51 Europe MMW technology market by application, 2017-2030 (USD Million)
Fig. 52 Europe MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 53 U.K. MMW technology market by product, 2017-2030 (USD Million)
Fig. 54 U.K. MMW technology market by components, 2017-2030 (USD Million)
Fig. 55 U.K. MMW technology market by application, 2017-2030 (USD Million)
Fig. 56 U.K. MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 57 Germany MMW technology market by product, 2017-2030 (USD Million)
Fig. 58 Germany MMW technology market by components, 2017-2030 (USD Million)
Fig. 59 Germany MMW technology market by application, 2017-2030 (USD Million)
Fig. 60 Germany MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 61 France MMW technology market by product, 2017-2030 (USD Million)
Fig. 62 France MMW technology market by components, 2017-2030 (USD Million)
Fig. 63 France MMW technology market by application, 2017-2030 (USD Million)
Fig. 64 France MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 65 Asia Pacific MMW technology market by product, 2017-2030 (USD Million)
Fig. 66 Asia Pacific MMW technology market by components, 2017-2030 (USD Million)
Fig. 67 Asia Pacific MMW technology market by application, 2017-2030 (USD Million)
Fig. 68 Asia Pacific MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 69 China MMW technology market by product, 2017-2030 (USD Million)
Fig. 70 China MMW technology market by components, 2017-2030 (USD Million)
Fig. 71 China MMW technology market by application, 2017-2030 (USD Million)
Fig. 72 China MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 73 Japan MMW technology market by product, 2017-2030 (USD Million)
Fig. 74 Japan MMW technology market by components, 2017-2030 (USD Million)
Fig. 75 Japan MMW technology market by application, 2017-2030 (USD Million)
Fig. 76 Japan MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 77 India MMW technology market by product, 2017-2030 (USD Million)
Fig. 78 India MMW technology market by components, 2017-2030 (USD Million)
Fig. 79 India MMW technology market by application, 2017-2030 (USD Million)
Fig. 80 India MMW technology market by frequency band, 2017-2030 (USD Million)
Fig. 81 Rest of the World (RoW) MMW technology market by product, 2017-2030 (USD Million)
Fig. 82 Rest of the World (RoW) MMW technology market by components, 2017-2030 (USD Million)
Fig. 83 Rest of the World (RoW) MMW technology market by application, 2017-2030 (USD Million)
Fig. 84 Rest of the World (RoW) MMW technology market by frequency band, 2017-2030 (USD Million)
Companies Mentioned
- Aviat Networks, Inc.
- BridgeWave Communications
- E-Band Communications, LLC
- Farran Technology
- Keysight Technologies
- LightPointe Communications, Inc.
- Millitech, Inc.
- NEC Corporation
- QuinStar Technology, Inc.
- SAGE Millimeter, Inc.
- Siklu Communication Ltd.
- Trex Enterprises Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 180 |
| Published | June 2022 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 2.75 Billion |
| Forecasted Market Value ( USD | $ 38.55 Billion |
| Compound Annual Growth Rate | 39.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
