Millimeter Wave Technology Market
  • Published Date: Aug-2021
  • |
  • 180 Pages
  • |
  • Report ID: ES1629

Millimeter Wave Technology Market

The Millimeter Wave Technology Market is expected to grow from USD 296.70 million in 2020 to USD 1.8 billion by 2026 at a CAGR of 34.56% from 2020 to 2026.

  • Report Description
  • Table of Content
  • Segmentation
  • Companies

Millimeter wave technology is also referred as MMW, Eband, Vband or millimeter-wave. Millimeter waves, also called as extremely high frequencies (EHF), are a radio frequency band which is well suited for 5G networks. Compared to frequencies below 5 GHz, earlier used by mobile devices, millimeter wave technology allows transmission at frequencies between 30 GHz and 300 GHz and these frequencies are known as millimeter waves as they have wavelengths between 1 mm and 10 mm, while the wavelengths of Radio waves presently used by smartphones are generally several dozen centimeters. The rising telecom infrastructural deployments on account of the rising demand for high-speed networks in the residential and commercial sectors represent one of the major factors enhancing the market growth. Furthermore, with the integration of MMW technology in radio and satellite communication systems which plays an integral role in national security, the security processes have become more efficient and reliable. This, coupled with the increasing penetration of wireless communication technologies and e-computing services, is acting as another factor driving the millimeter wave technology market. Additionally, millimeter-wave therapy (MWT) is used for treating several diseases, such as cardiovascular and gastrointestinal ailments, dermatitis, diabetes and depression, which, in turn, is also augmenting the millimeter wave technology market growth. Moreover, on account of the rising internet usage and the surging requirement for bandwidth and speed-boosting technologies, the leading players are emphasizing on introducing millimeter wave technology to meet the capacity needs of 5G networks. In addition to this the military and aerospace utilize millimeter wave technology in segments such as radar and satellite communications, which are majorly deployed by the military in combat scenarios. The telecommunication sector utilizes millimeter wave technology for transmitting the data over long distances. However, the factors restraining the market growth are limited penetration power and negative impact on the environment.

In addition to this, there is an increase in the demand for millimeter wave technology market in unmanned vehicles, due to the change in preference of consumers from usual cars to smart driver’s assistant cars, which help automatic parking, GPS navigation, braking, blind spot detection collision avoidance system, and others. Since, such advantages can be empowered only with the integration of millimeter wave technology.

The global Millimeter Wave Technology Market is segregated on the basis of Product as Telecommunication Equipment, Imaging and Scanning Systems and Radar & Satellite Communication Systems. Based on Component the global Millimeter Wave Technology Market is segmented in Antennas & Transceivers, Amplifiers, Oscillators, Control Devices, Frequency Converters, Passive Components and Others. Based on Application the global Millimeter Wave Technology Market is segmented in Telecommunications, Military & Defense, Automotive & Transport, Healthcare, Electronics & Semiconductor and Security. Based on Frequency Band the global Millimeter Wave Technology Market is segmented in V-Band, E-Band and Other Frequency Bands.

The global Millimeter Wave Technology Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Millimeter Wave Technology Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Anokiwave, Aviat Networks, Axxcss Wireless Solutions, Cablefree, Cambium Networks and others are among the major players in the global Millimeter Wave Technology Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

  • In March 2020, Eravant introduced custom waveguide solutions ranging from customized waveguide sections and flanges.
  • In March 2020, Keysight and VIOMI, developer of IoT@Home, entered into a partnered to propel 5G enabled IoT smart home. VIOMI choosen Keysight's 5G solutions to authenticate the radio frequency (RF) performance of the company's IoT devices for home applications.
  • In January 2020, NEC and Altiostar, the global leader in offering 5G-ready, open, virtualized RAN (vRAN) solutions, entered into a partnership to fasten the deployment of 4G/5G open vRAN solutions. The combined offering will support service providers to enhance the quality of experience, improve spectral efficiency, and majorly reduce the total cost of ownership (TCO).
  • In January 2020, NEC developed a millimeter-wave distributed antenna radio unit for the efficient use of the 5G millimeter-wave spectrum (28 GHz band), therefore enhancing the channel quality for indoor 5G applications.

The global Millimeter Wave Technology Market has been segmented as below:

Millimeter Wave Technology Market, By Product

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

Millimeter Wave Technology Market, By Component

  • Antennas & Transceivers
  • Amplifiers
  • Oscillators
  • Control Devices
  • Frequency Converters
  • Passive Components
  • Others

Millimeter Wave Technology Market, By Application

  • Telecommunications
  • Military & Defense
  • Automotive & Transport
  • Healthcare
  • Electronics & Semiconductor
  • Security

Millimeter Wave Technology Market, By Frequency Band

  • V-Band
  • E-Band
  • Other Frequency Bands

Millimeter Wave Technology Market, By Region

  • Europe
  • North America
  • Asia Pacific
  • Rest of The World

Millimeter Wave Technology Market, By Company

  • Anokiwave
  • Aviat Networks
  • Axxcss Wireless Solutions
  • Cablefree
  • Cambium Networks
  • Elva-1
  • Eravant
  • Farran Technology
  • Fastback Networks
  • Ignitenet
  • Kratos Defense & Security Solutions
  • Kyocera
  • L3Harris
  • Lightpointe Communications, Inc.
  • Millimeter Wave Products Inc.
  • NEC Corporation
  • Nuctech
  • Proxim Wireless

The report covers the below scope:

  • Global Millimeter Wave Technology Market sizes from 2020 to 2026, along with CAGR for 2020-2026
  • Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
  • Global Millimeter Wave Technology Market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Millimeter Wave Technology Market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2019
  • Estimated year - 2019
  • Projected year - 2020
  • Forecast period - 2021 to 2026

Report Scope:

The global Millimeter Wave Technology Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Millimeter Wave Technology Market share. Major industry players with significant revenue share include Anokiwave, Aviat Networks, Axxcss Wireless Solutions, Cablefree, Cambium Networks and others.

Why to Buy this Report:

  • Gain detailed insights on the Millimeter Wave Technology industry trends
  • Find complete analysis on the market status
  • Identify the Millimeter Wave Technology Market opportunities and growth segments
  • Analyse competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

  • The report targeted towards the existing players in the industry is as follows:
  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions

Free and Paid Customization based on the requirement


1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Millimeter Wave Technology Market, By Product

5.1.      Key Points

5.2.  Telecommunication Equipment

5.3.  Imaging and Scanning Systems

5.4.  Radar & Satellite Communication Systems

6.    Millimeter Wave Technology Market, By Component

6.1.      Key Points

6.2. Antennas & Transceivers

6.3. Amplifiers

6.4. Oscillators

6.5.  Control Devices

6.6. Frequency Converters

6.7.  Passive Components

6.8. Others

7.     Millimeter Wave Technology Market, By Application

7.1.      Key Points

7.2.  Telecommunications

7.3.  Military & Defense

7.4.  Automotive & Transport

7.5.  Healthcare

7.6.  Electronics & Semiconductor

7.7.  Security

8.    Millimeter Wave Technology Market, By Frequency Band

8.1.      Key Points

8.2. V-Band

8.3. E-Band

8.4. Other Frequency Bands

9.    Competitive Landscape

9.1.      Introduction

9.2.     Start-up companies- Millimeter Wave Technology Market

9.3.     Recent Developments

9.3.1.     Mergers & Acquisitions

9.3.2.    New Product Developments

9.3.3.    Portfolio/Production Capacity Expansions

9.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

9.3.5.     Others

10.            Company Profile

10.1.     Anokiwave

10.2.    Aviat Networks

10.3.    Axxcss Wireless Solutions

10.4.    Cablefree

10.5.    Cambium Networks

10.6.    Elva-1

10.7.     Erav

10.8.    NEC Corporation

10.9.    Nuctech

10.10.Proxim Wireless


Millimeter Wave Technology Market, By Product

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

Millimeter Wave Technology Market, By Component

  • Antennas & Transceivers
  • Amplifiers
  • Oscillators
  • Control Devices
  • Frequency Converters
  • Passive Components
  • Others

Millimeter Wave Technology Market, By Application

  • Telecommunications
  • Military & Defense
  • Automotive & Transport
  • Healthcare
  • Electronics & Semiconductor
  • Security

Millimeter Wave Technology Market, By Frequency Band

  • V-Band
  • E-Band
  • Other Frequency Bands

Millimeter Wave Technology Market, By Company

  • Anokiwave
  • Aviat Networks
  • Axxcss Wireless Solutions
  • Cablefree
  • Cambium Networks
  • Elva-1
  • Eravant
  • Farran Technology
  • Fastback Networks
  • Ignitenet
  • Kratos Defense & Security Solutions
  • Kyocera
  • L3Harris
  • Lightpointe Communications, Inc.
  • Millimeter Wave Products Inc.
  • NEC Corporation
  • Nuctech
  • Proxim Wireless


License Options

  • Single 1500 USD
  • Multiple 3000 USD