The global millimeter wave technology market size was valued at USD 1.81 billion in 2024 and is estimated to reach from USD 2.49 billionin 2025 to USD 31.42 billion by 2033, registering a CAGR of 37.3% during the forecast period (2025-2033).

Market Scope and Research Methodology

This report provides an in-depth analysis of the Millimeter Wave Technology Market at global, regional, and country levels. It examines market size, regional performance, and competitive strategies of leading companies, supported by a SWOT analysis. The study uses a robust methodology combining primary and secondary research with validated forecasting techniques to deliver accurate and reliable market insights.

The main goal of this report is to offer actionable insights into Millimeter Wave Technology Market trends, growth drivers, and key factors affecting industry performance. It covers market structure, segmentation, and projected market value, while identifying growth opportunities, challenges, and trends shaped by technology, regulations, cost efficiency, and changing consumer demand.

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Regional Insights

The report provides detailed analysis across major regions, including North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Each region is evaluated for Millimeter Wave Technology Market size, growth trends, trade patterns, and overall industry maturity. This segmentation helps identify competitive strengths and untapped growth potential in each region.

Market Segmentation

1. By Component
   1. Antenna and Transceiver Millimeter Wave Technology
   2. Frequency Sources and Related Millimeter Wave Technology
   3. Communication and Networking Millimeter Wave Technology
   4. Imaging Millimeter Wave Technology
   5. RF and Radio Millimeter Wave Technology
   6. Sensors & Controls
   7. Others
2. By Product type
   1. Scanner Systems
   2. Radar & Satellite Communications Systems
   3. Telecommunication Equipment
3. By License
   1. Light Licensed Frequency
   2. Unlicensed Frequency
   3. Fully Licensed Frequency
4. By Frequency
   1. 24 GHz to 57 GHz
   2. 58 GHz to 86 GHz
   3. 87 GHz to 300 GHz
5. By Application
   1. Telecom and Datacom
   2. Military, Aerospace, & Defense
   3. Automotive
   4. Industrial
   5. Consumer
   6. Medical
   7. Others

Key Market Players

1. NEC Corporation
2. L3 Technologies, Inc.
3. Millimeter Wave Products Inc.
4. Keysight Technologies
5. BridgeWave Communications (REMEC Broadband Wireless Networks)
6. CableFree: Wireless Excellence
7. Farran Technology
8. E-Band Communications, LLC
9. SAGE Millimeter, Inc
10. Siklu Communication
11. Denso Corporation
12. Fujitsu
13. Mitsubishi Electric Corporation
14. MMW Biomedical and Hubei YJT Technology

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Key Questions Answered in the Report

• What is the market overview of the Millimeter Wave Technology Market?

• What was the market size in 2024?

• What is the projected CAGR during the forecast period?

• Which factors are driving market growth?

• How is the market segmented?

• What strategies are adopted by leading companies?

• Which trends and applications are shaping industry development?

• Who are the top participants in the market?

• What are the key capabilities and product offerings of leading companies?

About Us

Straits Research has over 10 years of experience providing data-driven insights to more than 2,025 organizations worldwide, from startups to global enterprises. Our syndicated research reports cover high-impact industries such as chemicals, food and beverages, healthcare, automotive, technology, aerospace, and defense. We also offer customized research solutions to support strategic decision-making and business growth.