Global Millimeter Wave Technology Market Overview

The Millimeter Wave Technology Market size is expected to grow from USD 2.9 Billion in 2022 to USD 28.7 Billion by 2030, at a CAGR of 33% during the forecast period.

Millimeter Wave (MMW) which is also known as millimeter band, E-band, V-band, or Millimeter Wave technology is the spectrum band with wavelengths ranging between 10 millimeters (30 GHz) and 1-millimeter (300 GHz) due to which Millimeter Wave Technology is called as the extremely high frequency (EHF) band by the International Telecommunication Union (ITU). Presently, mmW technology plays a very crucial rule of integrating with emerging high-end technologies like 5G & 6G, IEEE 802.11ad WiGig technology, and others. In such technologies, a wide range of devices and technologies exists for the delivery of high throughput, fibre optic cable were considered to be the highest standard. But, fiber optics remains unmatched, especially when all economic factors are considered. In the same scene, Millimeter wave wireless technology offers the potential to deliver bandwidth comparable to that of fibre optics but without the logistical and financial drawbacks of the deployments.

MMW is being rapidly adopted across various technologies for users ranging from enterprise-level data centers to single consumers with smartphones requiring higher bandwidth, the demand for newer technologies to deliver these higher data transmission rates is huge and is rising drastically. High-end applications of MMW technology are leading to rise of Millimeter Wave Technology Market. For example, Commercial Millimeter Wave (MMW) links from Cable Free feature high-performance, reliable, high capacity wireless networking with the latest generation features. The features like High bandwidth, High network speed along with the ever-increasing use of smartphones, computers, and videogame consoles will act as the main growth driving factor for Global Millimeter Wave Technology in upcoming years.

Millimeter Wave Technology Market

Market Dynamics and Factors of the Global Millimeter Wave Technology Market

Drivers:

  • Growth in Demand from Bandwidth-Intensive Applications and Emerging 5G And Small Cell Technologies

Restraints:

  • Negative Effects of MM Waves on The Environment Especially on Sensitive Ecosystems

Opportunities:

  • Increasing Adoption of MMW Technology Even in Sectors Other Than Telecommunication Like Automotive, Radar, Military, Etc.

Challenges:

  • Higher Costs in The Manufacturing of Greater Precision Hardware Components of Smaller Size

Regional Analysis Of Millimeter Wave Technology Market

The North American region dominates the Market of Millimeter Wave Technology Globally, the region has achieved the largest market size in the last year. The primary reason behind the success of the market in North America is the rapid acceptance and adoption of any advanced and intricate technology by the market players. Prominent countries residing in the region such as the U.S. and Canada are early adopters of upcoming and emerging technologies. Moreover, the region has seen a significant rise in the sales of smartphones, computers, and other telecom devices in the last few years which is eventually followed by the development and usage of several data-intensive software, all this has resulted in the greater demand of mmWave Technologies to advance further to effectuate the market demand. Imaging and Scanning devices using higher bands are also been incorporated at various prominent places in North American Countries. Along with this, the increasing use of Millimeter Bands in healthcare applications like cardiovascular disorders, gastrointestinal disorders, diabetes, wound healing, pain relief, dermatitis, etc. are creating vast possibilities for MMW technology across different sectors in North America.

COVID-19 Impact on the Global Millimeter Wave Technology Market

The COVID-19 pandemic has a slightly negative impact on the Global Millimeter Wave Technology Market. In the year 2020, the market has seen a short downfall because of the severe lockdown restrictions declared across the world, due to the lockdowns, the facility expansion, and set-up installation activities were affected the most, resulting in a serious shock to the market players. The global pandemic also led to halt of spectrum issuance and auctioning during the lockdown which resulted in delayed implementation of several 5G projects that were carried across the world. The manufacturing of electronic and communication devices was stopped and other application sectors like automotive & transport and Security were also severely affected by the pandemic. All these together has led to fall in the demand of Millimeter Waves from these sectors.  However, the Telecom sector was benefitted owning to the increase in the use of smartphones and PCs during the lockdown and further as the situation is getting normal again the market is estimated to expand at a very significant rate during the forecast period.

Top Key Players Covered In the Global Millimeter Wave Technology Market

  • Axxcss Wireless Solution (US)
  • NEC Corporation(Japan)
  • Siklu Communication Ltd. (Israel)
  • Aviat Networks Inc. (US)
  • Sage Millimeter Inc. (US)
  • Anokiwave Inc. (US)
  • Bridgewave Communications Inc. (US)
  • TLC Precision Wafer Technology (US)
  • Farran Technologies (Ireland)
  • Pacific Antenna Systems LLC (US)
  • Aura Intelligent Systems Inc. (US)
  • Smiths Interconnect Inc. (UK)
  • E-band Communications LLC (US)
  • MixZon Inc. (US)
  • Dymenso LLC ( US) and Other Major Players

Key Industry Developments in the Global Millimeter Wave Technology Market

In January 2023, NEC Corporation developed a power amplifier that will have an essential role in mobile access and fronthaul/backhaul wireless communication equipment which will help to enable high-speed, high-capacity communications for 5G Advanced and 6G networks. The newly developed power amplifier uses a commercially available 0.1-μm gallium arsenide (GaAs) pseudomorphic high electron mobility transistor (pHEMT) process that has achieved the world’s highest output power (*) of 10 mW in the 150 GHz band with high operation voltage and lower initial costs for mass production. With its development, NEC aims to fast-track both equipment development and social implementation.

In November 2022, Anokiwave Inc., an innovative company providing highly integrated silicon ICs for millimeter-wave (mmW) ICs, and MilliBox, a mmW test setup manufacturer, today announced a collaboration to develop a unique and efficient Over the Air (OTA) test capability for mmW phased array antennas that provide an accurate high-volume test capability and that are an important part of the newly emerging mmW 5G and SATCOM communications systems.

Global Millimeter Wave Technology Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2016 to 2021

Market Size in 2022:

USD 2.9 Bn.

Forecast Period 2022-30 CAGR:

33%

Market Size in 2030:

USD 28.7 Bn.

Segments Covered:

By Product

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

By Component

  • Antennas and Transceivers
  • Imaging Components
  • Amplifiers
  • Radio and RF Components
  • Frequency Meters
  • Others

By License Type

  • Light Licensed Frequency
  • Unlicensed Frequency
  • Fully Licensed Frequency

By Application

  • Telecommunication
  • Automotive
  • Healthcare
  • Defense and Security
  • Electronics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growth in Demand from Bandwidth-Intensive Applications and Emerging 5G And Small Cell Technologies

Key Market Restraints:

  • Negative Effects of MM Waves on The Environment Especially on Sensitive Ecosystems

Key Opportunities:

  • Increasing Adoption of MMW Technology Even in Sectors Other Than Telecommunication Like Automotive, Radar, Military, Etc.

Companies Covered in the report:

  • Axxcss Wireless Solution (US), NEC Corporation (Japan), Siklu Communication Ltd. (Israel), Aviat Networks Inc. (US), Sage Millimeter Inc. (US), Other Major Players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Product
 3.2 By Component
 3.3 By License Type
 3.4 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Millimeter Wave Technology Market by Product
 5.1 Millimeter Wave Technology Market Overview Snapshot and Growth Engine
 5.2 Millimeter Wave Technology Market Overview
 5.3 Telecommunication Equipment
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Telecommunication Equipment: Geographic Segmentation
 5.4 Imaging & Scanning Systems
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Imaging & Scanning Systems: Geographic Segmentation
 5.5 Radar & Satellite Communication Systems
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Radar & Satellite Communication Systems: Geographic Segmentation

Chapter 6: Millimeter Wave Technology Market by Component
 6.1 Millimeter Wave Technology Market Overview Snapshot and Growth Engine
 6.2 Millimeter Wave Technology Market Overview
 6.3 Antennas and Transceivers
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Antennas and Transceivers: Geographic Segmentation
 6.4 Imaging Components
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Imaging Components: Geographic Segmentation
 6.5 Amplifiers
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Amplifiers: Geographic Segmentation
 6.6 Radio and RF Components
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Radio and RF Components: Geographic Segmentation
 6.7 Frequency Meters
  6.7.1 Introduction and Market Overview
  6.7.2 Historic and Forecasted Market Size (2016-2028F)
  6.7.3 Key Market Trends, Growth Factors and Opportunities
  6.7.4 Frequency Meters: Geographic Segmentation
 6.8 Oscillators
  6.8.1 Introduction and Market Overview
  6.8.2 Historic and Forecasted Market Size (2016-2028F)
  6.8.3 Key Market Trends, Growth Factors and Opportunities
  6.8.4 Oscillators: Geographic Segmentation
 6.9 Others
  6.9.1 Introduction and Market Overview
  6.9.2 Historic and Forecasted Market Size (2016-2028F)
  6.9.3 Key Market Trends, Growth Factors and Opportunities
  6.9.4 Others: Geographic Segmentation

Chapter 7: Millimeter Wave Technology Market by License Type
 7.1 Millimeter Wave Technology Market Overview Snapshot and Growth Engine
 7.2 Millimeter Wave Technology Market Overview
 7.3 Light Licensed Frequency
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Light Licensed Frequency: Geographic Segmentation
 7.4 Unlicensed Frequency
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Unlicensed Frequency: Geographic Segmentation
 7.5 Fully Licensed Frequency
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Fully Licensed Frequency: Geographic Segmentation

Chapter 8: Millimeter Wave Technology Market by Application
 8.1 Millimeter Wave Technology Market Overview Snapshot and Growth Engine
 8.2 Millimeter Wave Technology Market Overview
 8.3 Telecommunication
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Telecommunication: Geographic Segmentation
 8.4 Automotive
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Automotive: Geographic Segmentation
 8.5 Healthcare
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Healthcare: Geographic Segmentation
 8.6 Defense and Security
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Defense and Security: Geographic Segmentation
 8.7 Electronics
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size (2016-2028F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Electronics: Geographic Segmentation
 8.8 Others
  8.8.1 Introduction and Market Overview
  8.8.2 Historic and Forecasted Market Size (2016-2028F)
  8.8.3 Key Market Trends, Growth Factors and Opportunities
  8.8.4 Others: Geographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Millimeter Wave Technology Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Heat Map Analysis
  9.1.5 Millimeter Wave Technology Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Millimeter Wave Technology Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 AXXCSS WIRELESS SOLUTION (US)
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 NEC CORPORATION (JAPAN)
 9.4 SIKLU COMMUNICATION LTD. (ISRAEL)
 9.5 AVIAT NETWORKS INC. (US)
 9.6 SAGE MILLIMETER INC. (US)
 9.7 ANOKIWAVE INC. (US)
 9.8 BRIDGEWAVE COMMUNICATIONS INC. (US)
 9.9 TLC PRECISION WAFER TECHNOLOGY (US)
 9.10 FARRAN TECHNOLOGIES (IRELAND)
 9.11 PACIFIC ANTENNA SYSTEMS LLC (US)
 9.12 AURA INTELLIGENT SYSTEMS INC. (US)
 9.13 SMITHS INTERCONNECT INC. (UK)
 9.14 E-BAND COMMUNICATIONS LLC (US)
 9.15 MIXZON INC. (US)
 9.16 DYMENSO LLC (US)
 9.17 OTHER MAJOR PLAYERS

Chapter 10: Global Millimeter Wave Technology Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Product
  10.2.1 Telecommunication Equipment
  10.2.2 Imaging & Scanning Systems
  10.2.3 Radar & Satellite Communication Systems
 10.3 Historic and Forecasted Market Size By Component
  10.3.1 Antennas and Transceivers
  10.3.2 Imaging Components
  10.3.3 Amplifiers
  10.3.4 Radio and RF Components
  10.3.5 Frequency Meters
  10.3.6 Oscillators
  10.3.7 Others
 10.4 Historic and Forecasted Market Size By License Type
  10.4.1 Light Licensed Frequency
  10.4.2 Unlicensed Frequency
  10.4.3 Fully Licensed Frequency
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Telecommunication
  10.5.2 Automotive
  10.5.3 Healthcare
  10.5.4 Defense and Security
  10.5.5 Electronics
  10.5.6 Others

Chapter 11: North America Millimeter Wave Technology Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Product
  11.4.1 Telecommunication Equipment
  11.4.2 Imaging & Scanning Systems
  11.4.3 Radar & Satellite Communication Systems
 11.5 Historic and Forecasted Market Size By Component
  11.5.1 Antennas and Transceivers
  11.5.2 Imaging Components
  11.5.3 Amplifiers
  11.5.4 Radio and RF Components
  11.5.5 Frequency Meters
  11.5.6 Oscillators
  11.5.7 Others
 11.6 Historic and Forecasted Market Size By License Type
  11.6.1 Light Licensed Frequency
  11.6.2 Unlicensed Frequency
  11.6.3 Fully Licensed Frequency
 11.7 Historic and Forecasted Market Size By Application
  11.7.1 Telecommunication
  11.7.2 Automotive
  11.7.3 Healthcare
  11.7.4 Defense and Security
  11.7.5 Electronics
  11.7.6 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Millimeter Wave Technology Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Product
  12.4.1 Telecommunication Equipment
  12.4.2 Imaging & Scanning Systems
  12.4.3 Radar & Satellite Communication Systems
 12.5 Historic and Forecasted Market Size By Component
  12.5.1 Antennas and Transceivers
  12.5.2 Imaging Components
  12.5.3 Amplifiers
  12.5.4 Radio and RF Components
  12.5.5 Frequency Meters
  12.5.6 Oscillators
  12.5.7 Others
 12.6 Historic and Forecasted Market Size By License Type
  12.6.1 Light Licensed Frequency
  12.6.2 Unlicensed Frequency
  12.6.3 Fully Licensed Frequency
 12.7 Historic and Forecasted Market Size By Application
  12.7.1 Telecommunication
  12.7.2 Automotive
  12.7.3 Healthcare
  12.7.4 Defense and Security
  12.7.5 Electronics
  12.7.6 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Millimeter Wave Technology Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Product
  13.4.1 Telecommunication Equipment
  13.4.2 Imaging & Scanning Systems
  13.4.3 Radar & Satellite Communication Systems
 13.5 Historic and Forecasted Market Size By Component
  13.5.1 Antennas and Transceivers
  13.5.2 Imaging Components
  13.5.3 Amplifiers
  13.5.4 Radio and RF Components
  13.5.5 Frequency Meters
  13.5.6 Oscillators
  13.5.7 Others
 13.6 Historic and Forecasted Market Size By License Type
  13.6.1 Light Licensed Frequency
  13.6.2 Unlicensed Frequency
  13.6.3 Fully Licensed Frequency
 13.7 Historic and Forecasted Market Size By Application
  13.7.1 Telecommunication
  13.7.2 Automotive
  13.7.3 Healthcare
  13.7.4 Defense and Security
  13.7.5 Electronics
  13.7.6 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Millimeter Wave Technology Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Product
  14.4.1 Telecommunication Equipment
  14.4.2 Imaging & Scanning Systems
  14.4.3 Radar & Satellite Communication Systems
 14.5 Historic and Forecasted Market Size By Component
  14.5.1 Antennas and Transceivers
  14.5.2 Imaging Components
  14.5.3 Amplifiers
  14.5.4 Radio and RF Components
  14.5.5 Frequency Meters
  14.5.6 Oscillators
  14.5.7 Others
 14.6 Historic and Forecasted Market Size By License Type
  14.6.1 Light Licensed Frequency
  14.6.2 Unlicensed Frequency
  14.6.3 Fully Licensed Frequency
 14.7 Historic and Forecasted Market Size By Application
  14.7.1 Telecommunication
  14.7.2 Automotive
  14.7.3 Healthcare
  14.7.4 Defense and Security
  14.7.5 Electronics
  14.7.6 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Millimeter Wave Technology Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Product
  15.4.1 Telecommunication Equipment
  15.4.2 Imaging & Scanning Systems
  15.4.3 Radar & Satellite Communication Systems
 15.5 Historic and Forecasted Market Size By Component
  15.5.1 Antennas and Transceivers
  15.5.2 Imaging Components
  15.5.3 Amplifiers
  15.5.4 Radio and RF Components
  15.5.5 Frequency Meters
  15.5.6 Oscillators
  15.5.7 Others
 15.6 Historic and Forecasted Market Size By License Type
  15.6.1 Light Licensed Frequency
  15.6.2 Unlicensed Frequency
  15.6.3 Fully Licensed Frequency
 15.7 Historic and Forecasted Market Size By Application
  15.7.1 Telecommunication
  15.7.2 Automotive
  15.7.3 Healthcare
  15.7.4 Defense and Security
  15.7.5 Electronics
  15.7.6 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Millimeter Wave Technology Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2016 to 2021

Market Size in 2022:

USD 2.9 Bn.

Forecast Period 2022-30 CAGR:

33%

Market Size in 2030:

USD 28.7 Bn.

Segments Covered:

By Product

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

By Component

  • Antennas and Transceivers
  • Imaging Components
  • Amplifiers
  • Radio and RF Components
  • Frequency Meters
  • Others

By License Type

  • Light Licensed Frequency
  • Unlicensed Frequency
  • Fully Licensed Frequency

By Application

  • Telecommunication
  • Automotive
  • Healthcare
  • Defense and Security
  • Electronics
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growth in Demand from Bandwidth-Intensive Applications and Emerging 5G And Small Cell Technologies

Key Market Restraints:

  • Negative Effects of MM Waves on The Environment Especially on Sensitive Ecosystems

Key Opportunities:

  • Increasing Adoption of MMW Technology Even in Sectors Other Than Telecommunication Like Automotive, Radar, Military, Etc.

Companies Covered in the report:

  • Axxcss Wireless Solution (US), NEC Corporation (Japan), Siklu Communication Ltd. (Israel), Aviat Networks Inc. (US), Sage Millimeter Inc. (US), Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. MILLIMETER WAVE TECHNOLOGY MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. MILLIMETER WAVE TECHNOLOGY MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. MILLIMETER WAVE TECHNOLOGY MARKET COMPETITIVE RIVALRY
TABLE 005. MILLIMETER WAVE TECHNOLOGY MARKET THREAT OF NEW ENTRANTS
TABLE 006. MILLIMETER WAVE TECHNOLOGY MARKET THREAT OF SUBSTITUTES
TABLE 007. MILLIMETER WAVE TECHNOLOGY MARKET BY PRODUCT
TABLE 008. TELECOMMUNICATION EQUIPMENT MARKET OVERVIEW (2016-2028)
TABLE 009. IMAGING & SCANNING SYSTEMS MARKET OVERVIEW (2016-2028)
TABLE 010. RADAR & SATELLITE COMMUNICATION SYSTEMS MARKET OVERVIEW (2016-2028)
TABLE 011. MILLIMETER WAVE TECHNOLOGY MARKET BY COMPONENT
TABLE 012. ANTENNAS AND TRANSCEIVERS MARKET OVERVIEW (2016-2028)
TABLE 013. IMAGING COMPONENTS MARKET OVERVIEW (2016-2028)
TABLE 014. AMPLIFIERS MARKET OVERVIEW (2016-2028)
TABLE 015. RADIO AND RF COMPONENTS MARKET OVERVIEW (2016-2028)
TABLE 016. FREQUENCY METERS MARKET OVERVIEW (2016-2028)
TABLE 017. OSCILLATORS MARKET OVERVIEW (2016-2028)
TABLE 018. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 019. MILLIMETER WAVE TECHNOLOGY MARKET BY LICENSE TYPE
TABLE 020. LIGHT LICENSED FREQUENCY MARKET OVERVIEW (2016-2028)
TABLE 021. UNLICENSED FREQUENCY MARKET OVERVIEW (2016-2028)
TABLE 022. FULLY LICENSED FREQUENCY MARKET OVERVIEW (2016-2028)
TABLE 023. MILLIMETER WAVE TECHNOLOGY MARKET BY APPLICATION
TABLE 024. TELECOMMUNICATION MARKET OVERVIEW (2016-2028)
TABLE 025. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
TABLE 026. HEALTHCARE MARKET OVERVIEW (2016-2028)
TABLE 027. DEFENSE AND SECURITY MARKET OVERVIEW (2016-2028)
TABLE 028. ELECTRONICS MARKET OVERVIEW (2016-2028)
TABLE 029. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 030. NORTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET, BY PRODUCT (2016-2028)
TABLE 031. NORTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET, BY COMPONENT (2016-2028)
TABLE 032. NORTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET, BY LICENSE TYPE (2016-2028)
TABLE 033. NORTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 034. N MILLIMETER WAVE TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 035. EUROPE MILLIMETER WAVE TECHNOLOGY MARKET, BY PRODUCT (2016-2028)
TABLE 036. EUROPE MILLIMETER WAVE TECHNOLOGY MARKET, BY COMPONENT (2016-2028)
TABLE 037. EUROPE MILLIMETER WAVE TECHNOLOGY MARKET, BY LICENSE TYPE (2016-2028)
TABLE 038. EUROPE MILLIMETER WAVE TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 039. MILLIMETER WAVE TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 040. ASIA PACIFIC MILLIMETER WAVE TECHNOLOGY MARKET, BY PRODUCT (2016-2028)
TABLE 041. ASIA PACIFIC MILLIMETER WAVE TECHNOLOGY MARKET, BY COMPONENT (2016-2028)
TABLE 042. ASIA PACIFIC MILLIMETER WAVE TECHNOLOGY MARKET, BY LICENSE TYPE (2016-2028)
TABLE 043. ASIA PACIFIC MILLIMETER WAVE TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 044. MILLIMETER WAVE TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 045. MIDDLE EAST & AFRICA MILLIMETER WAVE TECHNOLOGY MARKET, BY PRODUCT (2016-2028)
TABLE 046. MIDDLE EAST & AFRICA MILLIMETER WAVE TECHNOLOGY MARKET, BY COMPONENT (2016-2028)
TABLE 047. MIDDLE EAST & AFRICA MILLIMETER WAVE TECHNOLOGY MARKET, BY LICENSE TYPE (2016-2028)
TABLE 048. MIDDLE EAST & AFRICA MILLIMETER WAVE TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 049. MILLIMETER WAVE TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 050. SOUTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET, BY PRODUCT (2016-2028)
TABLE 051. SOUTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET, BY COMPONENT (2016-2028)
TABLE 052. SOUTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET, BY LICENSE TYPE (2016-2028)
TABLE 053. SOUTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 054. MILLIMETER WAVE TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 055. AXXCSS WIRELESS SOLUTION (US): SNAPSHOT
TABLE 056. AXXCSS WIRELESS SOLUTION (US): BUSINESS PERFORMANCE
TABLE 057. AXXCSS WIRELESS SOLUTION (US): PRODUCT PORTFOLIO
TABLE 058. AXXCSS WIRELESS SOLUTION (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. NEC CORPORATION (JAPAN): SNAPSHOT
TABLE 059. NEC CORPORATION (JAPAN): BUSINESS PERFORMANCE
TABLE 060. NEC CORPORATION (JAPAN): PRODUCT PORTFOLIO
TABLE 061. NEC CORPORATION (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. SIKLU COMMUNICATION LTD. (ISRAEL): SNAPSHOT
TABLE 062. SIKLU COMMUNICATION LTD. (ISRAEL): BUSINESS PERFORMANCE
TABLE 063. SIKLU COMMUNICATION LTD. (ISRAEL): PRODUCT PORTFOLIO
TABLE 064. SIKLU COMMUNICATION LTD. (ISRAEL): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. AVIAT NETWORKS INC. (US): SNAPSHOT
TABLE 065. AVIAT NETWORKS INC. (US): BUSINESS PERFORMANCE
TABLE 066. AVIAT NETWORKS INC. (US): PRODUCT PORTFOLIO
TABLE 067. AVIAT NETWORKS INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. SAGE MILLIMETER INC. (US): SNAPSHOT
TABLE 068. SAGE MILLIMETER INC. (US): BUSINESS PERFORMANCE
TABLE 069. SAGE MILLIMETER INC. (US): PRODUCT PORTFOLIO
TABLE 070. SAGE MILLIMETER INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. ANOKIWAVE INC. (US): SNAPSHOT
TABLE 071. ANOKIWAVE INC. (US): BUSINESS PERFORMANCE
TABLE 072. ANOKIWAVE INC. (US): PRODUCT PORTFOLIO
TABLE 073. ANOKIWAVE INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. BRIDGEWAVE COMMUNICATIONS INC. (US): SNAPSHOT
TABLE 074. BRIDGEWAVE COMMUNICATIONS INC. (US): BUSINESS PERFORMANCE
TABLE 075. BRIDGEWAVE COMMUNICATIONS INC. (US): PRODUCT PORTFOLIO
TABLE 076. BRIDGEWAVE COMMUNICATIONS INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. TLC PRECISION WAFER TECHNOLOGY (US): SNAPSHOT
TABLE 077. TLC PRECISION WAFER TECHNOLOGY (US): BUSINESS PERFORMANCE
TABLE 078. TLC PRECISION WAFER TECHNOLOGY (US): PRODUCT PORTFOLIO
TABLE 079. TLC PRECISION WAFER TECHNOLOGY (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. FARRAN TECHNOLOGIES (IRELAND): SNAPSHOT
TABLE 080. FARRAN TECHNOLOGIES (IRELAND): BUSINESS PERFORMANCE
TABLE 081. FARRAN TECHNOLOGIES (IRELAND): PRODUCT PORTFOLIO
TABLE 082. FARRAN TECHNOLOGIES (IRELAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. PACIFIC ANTENNA SYSTEMS LLC (US): SNAPSHOT
TABLE 083. PACIFIC ANTENNA SYSTEMS LLC (US): BUSINESS PERFORMANCE
TABLE 084. PACIFIC ANTENNA SYSTEMS LLC (US): PRODUCT PORTFOLIO
TABLE 085. PACIFIC ANTENNA SYSTEMS LLC (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. AURA INTELLIGENT SYSTEMS INC. (US): SNAPSHOT
TABLE 086. AURA INTELLIGENT SYSTEMS INC. (US): BUSINESS PERFORMANCE
TABLE 087. AURA INTELLIGENT SYSTEMS INC. (US): PRODUCT PORTFOLIO
TABLE 088. AURA INTELLIGENT SYSTEMS INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. SMITHS INTERCONNECT INC. (UK): SNAPSHOT
TABLE 089. SMITHS INTERCONNECT INC. (UK): BUSINESS PERFORMANCE
TABLE 090. SMITHS INTERCONNECT INC. (UK): PRODUCT PORTFOLIO
TABLE 091. SMITHS INTERCONNECT INC. (UK): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. E-BAND COMMUNICATIONS LLC (US): SNAPSHOT
TABLE 092. E-BAND COMMUNICATIONS LLC (US): BUSINESS PERFORMANCE
TABLE 093. E-BAND COMMUNICATIONS LLC (US): PRODUCT PORTFOLIO
TABLE 094. E-BAND COMMUNICATIONS LLC (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. MIXZON INC. (US): SNAPSHOT
TABLE 095. MIXZON INC. (US): BUSINESS PERFORMANCE
TABLE 096. MIXZON INC. (US): PRODUCT PORTFOLIO
TABLE 097. MIXZON INC. (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. DYMENSO LLC (US): SNAPSHOT
TABLE 098. DYMENSO LLC (US): BUSINESS PERFORMANCE
TABLE 099. DYMENSO LLC (US): PRODUCT PORTFOLIO
TABLE 100. DYMENSO LLC (US): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 100. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 101. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 102. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 103. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY PRODUCT
FIGURE 012. TELECOMMUNICATION EQUIPMENT MARKET OVERVIEW (2016-2028)
FIGURE 013. IMAGING & SCANNING SYSTEMS MARKET OVERVIEW (2016-2028)
FIGURE 014. RADAR & SATELLITE COMMUNICATION SYSTEMS MARKET OVERVIEW (2016-2028)
FIGURE 015. MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY COMPONENT
FIGURE 016. ANTENNAS AND TRANSCEIVERS MARKET OVERVIEW (2016-2028)
FIGURE 017. IMAGING COMPONENTS MARKET OVERVIEW (2016-2028)
FIGURE 018. AMPLIFIERS MARKET OVERVIEW (2016-2028)
FIGURE 019. RADIO AND RF COMPONENTS MARKET OVERVIEW (2016-2028)
FIGURE 020. FREQUENCY METERS MARKET OVERVIEW (2016-2028)
FIGURE 021. OSCILLATORS MARKET OVERVIEW (2016-2028)
FIGURE 022. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 023. MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY LICENSE TYPE
FIGURE 024. LIGHT LICENSED FREQUENCY MARKET OVERVIEW (2016-2028)
FIGURE 025. UNLICENSED FREQUENCY MARKET OVERVIEW (2016-2028)
FIGURE 026. FULLY LICENSED FREQUENCY MARKET OVERVIEW (2016-2028)
FIGURE 027. MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY APPLICATION
FIGURE 028. TELECOMMUNICATION MARKET OVERVIEW (2016-2028)
FIGURE 029. AUTOMOTIVE MARKET OVERVIEW (2016-2028)
FIGURE 030. HEALTHCARE MARKET OVERVIEW (2016-2028)
FIGURE 031. DEFENSE AND SECURITY MARKET OVERVIEW (2016-2028)
FIGURE 032. ELECTRONICS MARKET OVERVIEW (2016-2028)
FIGURE 033. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 034. NORTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 035. EUROPE MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 036. ASIA PACIFIC MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 037. MIDDLE EAST & AFRICA MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 038. SOUTH AMERICA MILLIMETER WAVE TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Millimeter Wave Technology Market research report?

The forecast period in the Millimeter Wave Technology Market research report is 2022-2028.

Who are the key players in Millimeter Wave Technology Market?

Axxcss Wireless Solution (US), NEC Corporation (Japan), Siklu Communication Ltd. (Israel), Aviat Networks Inc. (US), Sage Millimeter Inc. (US), Anokiwave Inc. (US), Bridgewave Communications Inc. (US), TLC Precision Wafer Technology (US), Farran Technologies (Ireland), Pacific Antenna Systems LLC (US), Aura Intelligent Systems Inc. (US), Smiths Interconnect Inc. (UK), E-band Communications LLC (US), MixZon Inc. (US), Dymenso LLC (US) and Other Major Players.

What are the segments of the Millimeter Wave Technology Market?

The Millimeter Wave Technology Market is segmented into Product, Component, License Type, Application, and region. By Product, the market is categorized into Telecommunication Equipment, Imaging & Scanning Systems, and Radar & Satellite Communication Systems. By Component, the market is categorized into Antennas and Transceivers, Imaging Components, Amplifiers, Radio and RF Components, Frequency Meters, Oscillators, and Others. By License Type, the market is categorized into Light Licensed Frequency, Unlicensed Frequency, and Fully Licensed Frequency.  By Application, the market is categorized into Telecommunication, Automotive, Healthcare, Defense and Security, Electronics, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Millimeter Wave Technology Market?

Millimeter Wave (MMW) which is also known as millimeter band, E-band, V-band, or Millimeter Wave technology is the spectrum band with wavelengths ranging between 10 millimeters (30 GHz) and 1-millimeter (300 GHz) due to which Millimeter Wave Technology is called as the extremely high frequency (EHF) band by the International Telecommunication Union (ITU). Presently, mmW technology plays a very crucial rule of integrating with emerging high-end technologies like 5G & 6G, IEEE 802.11ad WiGig technology, and others.

How big is the Millimeter Wave Technology Market?

The Millimeter Wave Technology Market size is expected to grow from USD 2.9 Billion in 2022 to USD 28.7 Billion by 2030, at a CAGR of 33% during the forecast period.