Telecom Millimeter Wave Technology Global Market Report 2025

The telecom millimeter wave technology market size has grown exponentially in recent years. It will grow from $2.41 billion in 2024 to $3.13 billion in 2025 at a compound annual growth rate (CAGR) of 29.9%. The growth in the historic period can be attributed to increasing demand for high-speed wireless communication, global expansion of 5G networks, growing need for high-capacity backhaul solutions, advancements in mmWave hardware and spectrum allocation, and rising adoption of fixed wireless access (FWA) solutions.

The telecom millimeter wave technology market size is expected to see exponential growth in the next few years. It will grow to $8.82 billion in 2029 at a compound annual growth rate (CAGR) of 29.5%. The growth in the forecast period can be attributed to increasing deployment of mmWave technology in urban areas, rising demand for ultra-low latency and high-bandwidth applications, growing investments in telecom infrastructure by public and private sectors, advancements in mmWave transceivers and antenna technologies, and increasing collaborations between telecom providers and technology vendors. Key trends in the forecast period include advancements in mmWave spectrum utilization and allocation, integration of artificial intelligence and automation in network management, innovations in mmWave transceivers and antenna designs, expansion of smart city and IoT applications requiring high-speed connectivity, and collaboration between telecom providers and technology vendors to enhance mmWave capabilities.

The expansion of 5G networks is expected to drive the growth of the telecom millimeter wave (mmWave) technology market. 5G networks deliver ultra-fast speeds, low latency, and massive device connectivity, enabling advanced applications such as IoT, autonomous vehicles, and smart city infrastructure. The surge in 5G deployment is fueled by the rising demand for high-speed, low-latency connectivity to support data-intensive applications. Telecom mmWave technology facilitates 5G networks by transmitting large volumes of data over short distances, enhancing network capacity and performance in densely populated areas. For instance, in September 2025, according to 5G Americas, global 5G connections surpassed 2.6 billion, marking a 37% year-over-year increase and are projected to reach nearly 9 billion by 2030, representing 60% of all wireless connections worldwide. Therefore, the expansion of 5G networks is a key growth driver for the telecom mmWave technology market.

Major companies in the telecom mmWave market are developing next-generation solutions, such as compact mmWave distributed antenna units (DAUs) powered by radio-over-fiber (RoF) systems, to deliver ultra-high-capacity and reliable indoor coverage in complex or obstacle-dense environments. These DAUs convert high-frequency mmWave signals into optical signals transmitted over fiber, enabling low-cost, low-power, and compact solutions suitable for high-rise buildings, underground facilities, factories, rail systems, and other challenging locations. For example, in June 2024, NEC Corporation, a Japan-based network equipment manufacturer, launched a compact mmWave DAU for Beyond 5G/6G using a 1-bit RoF system for the 40 GHz band, reducing size, power consumption, and cost compared to traditional solutions.

In October 2023, Ceragon Networks, an Israel-based provider of wireless backhaul and transport solutions, acquired Siklu to expand its mmWave portfolio, enter the fixed wireless access (FWA) and point-to-multipoint (PtMP) segments, and leverage Siklu’s leadership in the US E-band market to broaden its geographic reach and customer base. Siklu specializes in multi-gigabit wireless fiber connectivity for urban, suburban, and rural environments.

Major players in the telecom millimeter wave technology market are Samsung Electronics Co. Ltd., Huawei Technologies Co. Ltd., Qualcomm Technologies Inc., Telefonaktiebolaget LM Ericsson, NEC Corporation, Nokia Corporation, Keysight Technologies Inc., Smiths Group plc, Aviat Networks Inc., Ceragon Networks Ltd., Anokiwave Inc., Proxim Wireless Corporation, Siklu Communication Ltd., QuinStar Technology Inc., Sivers Semiconductors AB, BridgeWave Communications Inc., Eravant, Farran Technology Ltd., Vubiq Networks Inc., Phazr Inc., E-Band Communications LLC, and Millimeter Wave Products Inc.

North America was the largest region in the telecom millimeter wave technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in telecom millimeter wave technology report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the telecom millimeter wave technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the information technology sector, particularly in hardware manufacturing, data infrastructure, and software deployment. Higher duties on imported semiconductors, circuit boards, and networking equipment have raised production and operational costs for tech firms, cloud service providers, and data centers. Companies relying on globally sourced components for laptops, servers, and consumer electronics are facing longer lead times and increased pricing pressures. In parallel, tariffs on specialized software tools and retaliatory measures from key international markets have disrupted global IT supply chains and reduced overseas demand for U.S.-developed technologies. To navigate these challenges, the sector is accelerating investments in domestic chip fabrication, diversifying supplier bases, and adopting AI-driven automation to enhance operational resilience and cost efficiency.

The telecom millimeter wave technology market research report is one of a series of new reports that provides telecom millimeter wave technology market statistics, including the telecom millimeter wave technology industry global market size, regional shares, competitors with the telecom millimeter wave technology market share, detailed telecom millimeter wave technology market segments, market trends, and opportunities, and any further data you may need to thrive in the telecom millimeter wave technology industry. This telecom millimeter wave technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Telecom millimeter wave (mmWave) technology is a system that uses extremely high-frequency radio waves, generally in the 24 GHz to 100 GHz range, to deliver ultra-fast wireless communication with high data capacity and low latency. It serves as a key enabler of 5G networks, supporting enhanced mobile broadband, dense connectivity, and advanced applications such as autonomous systems and smart cities.

The key components of telecom millimeter wave technology are hardware and software. Hardware includes physical devices such as antennas, transceivers, and chipsets used to transmit and receive data at very high frequencies, enabling high-speed communication. The frequency ranges include E-band, V-band, and others, while deployment operates under fully licensed, light-licensed, and unlicensed categories. Key applications comprise military and civil communications, with primary end users including telecom providers, government and defense, enterprises, and others.

The telecom millimeter wave technology market includes revenues earned by providing services such as high-speed wireless data transmission, network infrastructure deployment, 5G connectivity solutions, backhaul and fronthaul services, and managed communication services that leverage mmWave frequencies for enhanced capacity, low latency, and reliable high-frequency network performance. The market value includes the value of related goods sold by the service provider or included within the service offering. The telecom millimeter wave technology market also includes sales of mmWave antennas, transceivers, base stations, and network infrastructure components. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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