Global Millimeter Wave Equipment Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Product Type;
Millimeter Scanners, Millimeter Radars and Satellite Communication.By Frequency;
8GHz to 57GHz Band, 58GHz to 86GHz Band and 87GHz to 300GHz Band.By Application;
Radars, Telecommunication, Defense, Aerospace and Consumer Electronics.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Millimeter Wave Equipment Market (USD Million), 2021 - 2031
In the year 2024, the Global Millimeter Wave Equipment Market was valued at USD 2,503.52 million. The size of this market is expected to increase to USD 8,487.60 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 19.1%.
The global millimeter wave equipment market has been witnessing significant growth driven by advancements in telecommunications technology and the increasing demand for high-speed data transmission. Millimeter wave technology operates within the frequency range of 30 GHz to 300 GHz, offering much higher bandwidth compared to traditional microwave frequencies. This makes it ideal for applications requiring ultra-fast data rates, such as 5G networks, high-speed backhaul links, and point-to-point communication systems.
Key drivers propelling the millimeter wave equipment market include the burgeoning demand for higher data bandwidth to support the proliferation of connected devices and the Internet of Things (IoT). As mobile network operators worldwide roll out 5G networks, millimeter wave technology plays a crucial role in enabling the promised high-speed, low-latency connectivity that is essential for emerging applications like autonomous vehicles and augmented reality. Moreover, the adoption of millimeter wave technology in sectors such as aerospace and defense for radar systems and imaging applications further contributes to market growth.
However, challenges such as propagation limitations due to atmospheric absorption and shorter range compared to lower frequency bands remain significant hurdles for widespread deployment of millimeter wave technology. Despite these challenges, ongoing research and development efforts aimed at overcoming these limitations are expected to drive innovation and expand the application scope of millimeter wave equipment across various industries in the coming years.
Global Millimeter Wave Equipment Market Recent Developments
-
In March 2024, Keysight Technologies launched a new mmWave test solution to accelerate 6G research and development.
-
In October 2023, Siklu introduced Terragraph-compatible mmWave equipment for high-speed wireless internet access in urban networks.
Segment Analysis
The global millimeter wave equipment market is characterized by its diverse product types, frequency bands, applications, and geographical distribution. In terms of product types, millimeter scanners are crucial for security and industrial applications, leveraging high-resolution imaging capabilities. Millimeter radars play a pivotal role in automotive radar systems for ADAS, offering precise object detection in varying weather conditions. Satellite communication systems utilize millimeter waves for high-speed data transmission, enhancing broadband access and communication services globally.
Frequency segmentation categorizes millimeter wave equipment into bands: 8GHz to 57GHz, 58GHz to 86GHz, and 87GHz to 300GHz. The 8GHz to 57GHz band is pivotal in telecommunications and radar applications, offering moderate bandwidth and longer transmission distances. The 58GHz to 86GHz band provides higher data rates and is crucial for short-range communication systems like point-to-point links and specialized radar applications. The 87GHz to 300GHz band supports extremely high data rates, essential for applications such as imaging systems and scientific research.
Application-wise, millimeter wave equipment finds extensive use in radars, telecommunications, defense, aerospace, and consumer electronics sectors. Radars utilize millimeter waves for high-resolution imaging and precise object detection, crucial for automotive safety systems and military surveillance. In telecommunications, millimeter wave technology is integral to 5G networks, delivering ultra-fast data speeds and low-latency connectivity, especially in urban areas. Defense and aerospace sectors utilize millimeter wave radars for surveillance, target acquisition, and guidance systems, while consumer electronics adopt the technology for wireless VR/AR and high-speed data transfer applications.
Geographically, the market spans North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America leads in technological advancements and 5G deployment, driving demand for millimeter wave equipment across various applications. Europe follows with significant investments in automotive safety and telecommunications infrastructure. Asia Pacific sees rapid adoption driven by urbanization and connectivity demands, particularly in countries like China and Japan. The Middle East, Africa, and Latin America are also witnessing growth due to increasing investments in defense, telecommunications, and industrial applications.
Global Millimeter Wave Equipment Segment Analysis
In this report, the Global Millimeter Wave Equipment Market has been segmented by Product Type, Frequency, Application and Geography.
Global Millimeter Wave Equipment Market, Segmentation by Product Type
The Global Millimeter Wave Equipment Market has been segmented by Product Type into Millimeter Scanners, Millimeter Radars and Satellite Communication.
These devices are essential in security and industrial applications where precise imaging and detection capabilities are critical. Millimeter scanners utilize the high-frequency waves for detailed imaging, making them indispensable in security checkpoints at airports, seaports, and high-security facilities. They are also used in industrial settings for non-destructive testing (NDT), quality control, and material inspection, ensuring safety and compliance in manufacturing processes.
Millimeter wave radars are pivotal in automotive radar systems, particularly in advanced driver-assistance systems (ADAS). These radars operate at high frequencies, enabling accurate detection of objects and obstacles in real-time, even in challenging weather conditions. They are instrumental in enhancing vehicle safety by providing functionalities such as collision avoidance, adaptive cruise control, and automated parking systems. Additionally, millimeter wave radars find applications in military and aerospace sectors for surveillance, target tracking, and missile guidance systems, leveraging their high resolution and long-range detection capabilities.
Operating in the higher frequency bands of millimeter waves, satellite communication systems utilize this technology for high-speed data transmission over long distances. These systems are critical for broadband internet access, telecommunication services, and global connectivity solutions. Millimeter waves enable higher data rates compared to lower frequencies, making them ideal for applications requiring large bandwidth, such as video streaming, remote sensing, and telemedicine. They play a crucial role in bridging digital divides by providing reliable communication infrastructure in remote and underserved regions.
Global Millimeter Wave Equipment Market, Segmentation by Frequency
The Global Millimeter Wave Equipment Market has been segmented by Frequency into 8GHz to 57GHz Band, 58GHz to 86GHz Band and 87GHz to 300GHz Band.
This frequency band is widely used across various applications such as telecommunications, radar systems, and industrial applications. It offers moderate bandwidth and longer transmission distances compared to higher frequency bands, making it suitable for point-to-point communication links, automotive radar systems, and short-range wireless networks. In telecommunications, this band supports wireless backhaul links and certain components of 5G networks, facilitating high-speed data transfer and connectivity in urban and suburban areas.
Falling within the millimeter wave spectrum, this band provides higher data rates and is crucial for applications requiring more bandwidth and faster transmission speeds. It is commonly utilized in point-to-point wireless communication links, high-resolution radar systems, and certain scientific and research applications. The 60GHz portion of this band, in particular, is utilized for wireless personal area networks (WPANs) and emerging applications like high-definition multimedia streaming and virtual reality.
Operating in the higher end of the millimeter wave spectrum, this band supports extremely high data rates and offers precise sensing capabilities, making it suitable for specialized applications such as imaging systems, medical diagnostics, and scientific research. This band is used in advanced radar systems for military and aerospace applications, where high resolution and accuracy are critical. Additionally, it enables advancements in satellite communication systems for broadband internet access and remote sensing applications.
Global Millimeter Wave Equipment Market, Segmentation by Application
The Global Millimeter Wave Equipment Market has been segmented by Application into Radars, Telecommunication, Defense, Aerospace and Consumer Electronics.
Millimeter wave radars are crucial for various applications such as automotive radar systems, weather monitoring, and military surveillance. In automotive radar systems, they enable advanced driver-assistance systems (ADAS) by providing accurate detection of objects and obstacles in all weather conditions. Military and defense sectors utilize millimeter wave radars for surveillance, target tracking, and missile guidance systems due to their high-resolution imaging capabilities and long-range detection.
Millimeter wave technology plays a vital role in telecommunications, especially in the deployment of 5G networks. It facilitates ultra-fast data transmission and low-latency connectivity, particularly in densely populated areas where traditional wireless networks face congestion. Millimeter waves enable higher bandwidths, supporting applications such as high-definition video streaming, virtual reality (VR), and augmented reality (AR), thus driving the evolution of telecommunications infrastructure.
The defense sector extensively employs millimeter wave equipment for various applications, including radar systems, communication systems, and electronic warfare. Millimeter wave radar systems provide enhanced situational awareness and target detection capabilities on the battlefield. Communication systems utilizing millimeter waves ensure secure and resilient communication channels for military operations, while electronic warfare systems leverage millimeter wave frequencies for jamming and countermeasures.
In aerospace applications, millimeter wave technology is utilized for radar systems, satellite communication, and navigation. Radar systems equipped with millimeter wave technology enhance air traffic control and weather monitoring capabilities. Satellite communication systems operating in higher frequency bands enable broadband internet access, data transmission, and global connectivity solutions for aircraft and spacecraft.
Millimeter wave technology is increasingly integrated into consumer electronics for applications such as wireless VR/AR headsets, high-speed wireless data transfer, and smart home devices. For example, millimeter wave communication enables wireless VR/AR headsets to deliver immersive experiences without the constraints of cables. It also supports high-speed data transfer between devices, enhancing user experience and connectivity in smart homes and personal devices.
Global Millimeter Wave Equipment Market, Segmentation by Geography
In this report, the Global Millimeter Wave Equipment Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Millimeter Wave Equipment Market Share (%), by Geographical Region, 2024
North America leads in technological advancements and adoption of millimeter wave technology, particularly in the United States and Canada. The region is at the forefront of 5G deployment, driving demand for millimeter wave equipment in telecommunications infrastructure, automotive radar systems, and aerospace applications. High investments in research and development further bolster innovation in radar technology and satellite communication systems utilizing millimeter waves.
Europe follows closely, with significant investments in automotive safety systems, telecommunications infrastructure, and defense applications. Countries like Germany, the UK, and France are key contributors to the market, leveraging millimeter wave radars for ADAS in vehicles and enhancing radar capabilities for military surveillance and aerospace applications. The region also sees growing deployment of millimeter wave technology in satellite communication and broadband services.
Asia Pacific is witnessing rapid growth driven by countries such as China, Japan, South Korea, and India. The region is a major hub for manufacturing, contributing to the demand for millimeter wave equipment in industrial applications such as robotics and automation. Increasing urbanization and digital transformation initiatives propel the adoption of millimeter wave technology in telecommunications for 5G networks and consumer electronics, fostering innovation in wireless communication and smart city initiatives.
The Middle East and Africa region is increasingly adopting millimeter wave technology, primarily in defense and aerospace sectors. Countries like Saudi Arabia and UAE are investing in radar systems and satellite communication infrastructure to enhance national security and telecommunications capabilities. The region also sees applications in remote sensing and oil & gas exploration, leveraging the high resolution and data transmission capabilities of millimeter wave equipment.
Latin America exhibits growing interest in millimeter wave technology, driven by improving telecommunications infrastructure and increasing connectivity demands. Brazil, Mexico, and Argentina are key markets, focusing on deploying millimeter wave technology for broadband internet access and wireless communication networks. The region also sees applications in consumer electronics, particularly in urban centers where high-speed connectivity and digital services are expanding.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Millimeter Wave Equipment Market. These factors include; Market Drivers, Restraints and Opportunities
Drivers, Restraints and Opportunity
Drivers
- 5G Deployment
- Increased Bandwidth Demand
- Automotive Radar Systems
-
Defense and Security Applications - Defense and security applications represent a significant segment within the global millimeter wave equipment market, driven by the need for advanced technologies to enhance situational awareness, communication capabilities, and threat detection in various military and security environments.
Millimeter wave technology plays a crucial role in radar systems used for military surveillance and reconnaissance. These systems leverage the high frequency and short wavelength characteristics of millimeter waves to provide high-resolution imaging, precise target tracking, and detection of small objects such as unmanned aerial vehicles (UAVs) and missiles. Such capabilities are essential for early warning systems, border surveillance, and maritime security, where quick and accurate threat assessment is critical.
Millimeter wave equipment is integral to communication systems employed by defense forces. It enables secure and reliable communication channels resistant to interference and interception, crucial for command and control operations in battlefield scenarios. Military-grade millimeter wave communication systems support real-time data transmission, video streaming, and tactical coordination across dispersed units, enhancing operational efficiency and decision-making capabilities in dynamic and hostile environments.
Restraints
- Regulatory Challenges
- High Initial Deployment Costs
- Limited Range and Penetration
-
Spectrum Availability - Spectrum availability is a critical factor influencing the deployment and growth of millimeter wave equipment, especially in telecommunications and other high-frequency applications. Here’s a detailed exploration of spectrum availability as a restraint and opportunity in the context of the millimeter wave equipment market:
One of the primary challenges for millimeter wave technology is the availability of spectrum. Certain frequency bands, especially those above 24 GHz (often referred to as mmWave bands), are limited and highly regulated by national governments and international bodies like the ITU (International Telecommunication Union). This can constrain the deployment of millimeter wave systems, particularly in regions where spectrum is allocated for other uses or is heavily licensed.
Millimeter wave signals are susceptible to environmental factors such as rain attenuation and atmospheric absorption, which can affect signal propagation and reliability. In densely populated areas or locations with high electromagnetic interference, finding clear spectrum for stable operation of millimeter wave networks can be challenging. This interference can degrade the quality and consistency of wireless communications, impacting applications like 5G networks and high-speed data services.
Opportunities
- Emerging Applications in Consumer Electronics
- Expansion of IoT and Smart City Initiatives
- Advancements in Radar Technology
-
Satellite Communication Growth - The growth of satellite communication represents a significant opportunity for the millimeter wave equipment market, especially in leveraging high-frequency bands for enhanced broadband services, global connectivity, and satellite-based applications. Here’s an exploration of satellite communication growth as an opportunity:
Millimeter wave frequencies (typically above 30 GHz) offer higher data rates compared to lower frequencies, making them ideal for satellite communication systems that require robust data transmission capabilities. These frequencies enable satellite operators to deliver high-speed internet access, video streaming services, and other data-intensive applications to remote and underserved regions globally.
Millimeter wave technology plays a crucial role in 5G network backhaul, connecting cellular base stations to core networks and supporting ultra-fast data speeds and low-latency communication. Satellites equipped with millimeter wave transponders can serve as key elements in 5G networks, providing expansive coverage and bridging connectivity gaps in urban, rural, and maritime environments.
Competitive Landscape Analysis
Key players in Global Millimeter Wave Equipment Market include;
- Fujitsu Network Communications Inc.
- E-Band Communications
- Siklu Communications
- Bridgewave Communications
- Agilent Technologies
- Huawei
- Sub 10 Systems
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Frequency
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Millimeter Wave Equipment Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- 5G Deployment
- Increased Bandwidth Demand
- Automotive Radar Systems
- Defense and Security Applications
- Restraints
- Regulatory Challenges
- High Initial Deployment Costs
- Limited Range and Penetration
- Spectrum Availability
- Opportunities
- Emerging Applications in Consumer Electronics
- Expansion of IoT and Smart City Initiatives
- Advancements in Radar Technology
- Satellite Communication Growth
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Millimeter Wave Equipment Market, By Product Type, 2021 - 2031 (USD Million)
- Millimeter Scanners
- Millimeter Radars
- Satellite Communication
- Global Millimeter Wave Equipment Market, By Frequency, 2021 - 2031 (USD Million)
- 8GHz to 57GHz Band
- 58GHz to 86GHz Band
- 87GHz to 300GHz Band
- Global Millimeter Wave Equipment Market, By Application, 2021 - 2031 (USD Million)
- Radars
- Telecommunication
- Defense
- Aerospace
- Consumer Electronics
- Global Millimeter Wave Equipment Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Millimeter Wave Equipment Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Fujitsu Network Communications Inc.
- E-Band Communications
- Siklu Communications
- Bridgewave Communications
- Agilent Technologies
- Huawei
- Sub 10 Systems
- Company Profiles
- Analyst Views
- Future Outlook of the Market