Telecom Millimeter Wave Technology Market
The size of the telecom millimeter wave technology market has witnessed a swift expansion in the past few years. It is expected to grow from USD 2,979.30 million in 2024 to USD 43,821.19 million by 2034. It is expected to register a compound annual growth rate (CAGR) of 30.9% from 2025 to 2034.
What Is Telecom Millimeter Wave Technology?
Telecom millimeter wave technology indicates the usage of excessively high-frequency radio waves, usually in the 30 to 300 GHz range, for high-frequency communication. It operates by transferring data over interim distances with high bandwidth rendering it perfect for dense urban ambiances and applications needing speedy data transfer. This technology dominates telecom and network management industries as it supports the growing demand for speedier internet and more dependable connections, especially in the circulation of 5G networks.
This technology is important in improving mobile broadband, enabling speedier data momentum, and lower latency. It is utilized in 5G networks to support high-resolution data streaming and real-time gaming. Further, it enables modern applications in smart cities, such as traffic handling and public security.
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What Market Dynamics Are Shaping Market Landscape?
Augmentation of 5G Networks: The augmentation of 5G networks is a notable driver of the market as the stationing of accelerated, low latency interaction framework relies on the millimeter wave (mmWave) spectrum. For instance, as per Ericsson, the adoption of 5G networks is progressing speedily, with roughly 320 networks now functioning globally, impacting the telecom millimeter wave technology market growth.
Growing Funding in Smart Cities: Growing funding in smart cities and IoT are pushing the market. As the requirement for high-speed internet solutions and low latency networks evolve, mmWave technology is becoming a prominent player in smart city projects. It assists in enabling real-time data allocation, seamless connectivity, and superior city handling. Smart cities utilize mmWave for smart girds, transport, public safety, and security mechanisms.
Telecom Millimeter Wave Technology Market Report Highlights
• In terms of frequency, the E-band segment accounted for the largest market share in 2024 due to its superior data throughput, efficient spectrum utilization, and strong regulatory support.
• In 2024, the civil segment led the market due to the widespread use of mmWave technology in commercial wireless networks, fixed broadband, and smart infrastructure, driving significant adoption and growth.
• North America dominated the telecom mmWave technology market in 2024, driven by extensive deployment in commercial wireless networks, fixed broadband access, and smart infrastructure, solidifying its position as the leading regional market.
• Asia Pacific is expected to witness the fastest growth over the forecast period due to accelerated investments in digital infrastructure, aggressive rollout of 5G networks, and proactive government initiatives.
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Who Are Market Key Players?
The market is highly competitive, and has the presence of both new entrants and established telecom equipment vendors. The list of key companies profiled are:
• AVIAT NETWORKS
• Bridgewave Communications
• Ceragon
• E-Band Communications, LLC
• Eravant
• Farran
• Keysight Technologies
• NEC Corporation
• QuinStar Technology, Inc.
• Smiths Group plc.
Which Segment Leads Market Growth?
The telecom millimeter wave technology market segmentation is based on frequency, licensing, application, and region.
Based on frequency, the E-band segment accounted for the largest market share in 2024 owing to its elevated data transmission potential, low latency, and structured spectrum usage.
Based on application, the civil segment dominated the market in 2024 owing to it being extensively utilized in commercial and public applications.
Telecom Millimeter Wave Technology Market, Frequency Outlook (Revenue – USD Million, 2020-2034)
o E-Band
o V-Band
o Other Frequency Bands
Telecom Millimeter Wave Technology Market, Applications Outlook (Revenue – USD Million, 2020-2034)
o Military
o Civil
Telecom Millimeter Wave Technology Market, Licensing Outlook (Revenue – USD Million, 2020-2034)
o Fully licensed
o Light-licensed
o Unlicensed
Which Region Leads Market Demand?
• North America
o Frequency Outlook
E-Band
V-Band
Other Frequency Bands
o Applications Outlook
Military
Civil
o Licensing Outlook
Fully licensed
Light-licensed
Unlicensed
• Europe
o Frequency Outlook
E-Band
V-Band
Other Frequency Bands
o Applications Outlook
Military
Civil
o Licensing Outlook
Fully licensed
Light-licensed
Unlicensed
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