How big is the market for 5G mm Wave | Growth, Size & Insights 2031

How big is the 5G mm Wave market?

This rapid growth is driven by rising demand for ultra-high-speed internet, proliferation of IoT devices, and increasing deployment of 5G infrastructure across urban and enterprise environments.

Key Growth Drivers of the 5G mm Wave Market

• Explosive growth in demands on low latency, high bandwidth interconnectivity in mobile, industrial and enterprise applications
• Scaling up densification of small cells and 5G base stations in dense urban and urban settings
• Increases in Smart cities, AI-based self-driving vehicles, advanced manufacturing that require real-time data processing
• Governments and telecom operators investing more in 5G trials, spectrum auctions and mm Wave compatible infrastructure
• The developments in semiconductors to assure mm Wave radio frequency (RF) modules and devices

5G mm Wave Market Trends

The 5G mm Wave market is witnessing trends such as growing commercialization of mm Wave-enabled smartphones, emergence of fixed wireless access (FWA) as an alternative to fibre broadband and rising integration of mm Wave tech in smart factories and connected vehicles. Mm Wave is also being optimized by edge computing and network slicing to serve wide ranging verticals.

Emerging Developments in the 5G mm Wave Market

The 5G mm Wave market is being shaped by innovations like beamforming and massive MIMO technologies, silicon photonics for faster data transmission, and AI-driven network orchestration. Additionally, satellite-based mm Wave trials, device miniaturization, and cross-border spectrum harmonization are boosting scalability and performance.

List of Leading Companies in the 5G mm Wave Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1.Qualcomm Technologies Inc.

Qualcomm develops 5G mm Wave chipsets and modules enabling enhanced mobile broadband, used widely in smartphones, CPEs, and industrial IoT devices.

2.Nokia Corporation

Nokia offers end-to-end mm Wave 5G infrastructure including base stations and antenna systems for high-capacity urban and enterprise networks.

3.Ericsson

Ericsson delivers mm Wave-enabled 5G RAN solutions, facilitating ultra-low latency services for smart cities, manufacturing, and immersive media.

4.Samsung Electronics Co., Ltd.

Samsung manufactures mm Wave radios, chipsets, and integrated 5G systems used in dense urban deployments and private enterprise networks.

5.Keysight Technologies Inc.

Keysight provides advanced mm Wave test and measurement equipment used in validation of 5G devices, base stations, and network performance.

6.Analog Devices Inc.

Analog Devices offers mm Wave transceivers, beamformers, and RF front-end components for 5G infrastructure and high-frequency communication devices.

7.MediaTek Inc.

MediaTek produces 5G chipsets supporting mm Wave and sub-6 GHz bands, enabling next-gen connectivity in consumer electronics and mobile platforms.

8.NEC Corporation

NEC delivers mm Wave-based 5G base stations and systems for telecom carriers, public safety, and critical communications networks.

9.Murata Manufacturing Co., Ltd.

Murata specializes in mm Wave RF components including filters and antennas, supporting compact and high efficiency 5G device architectures.

10.Anokiwave Inc.

Anokiwave develops highly integrated mm Wave ICs and active antenna solutions that enable high-performance 5G wireless infrastructure and devices.

How big is the market for 5G mm Wave : FAQ's