How big is the millimeter-wave market | Size & Trends 2031

How big is the millimeter-wave market?

Rapid 5G infrastructure development, the need for high-bandwidth communication, and the expanding use of millimeter-wave in defense systems, automotive radar, and Internet of Things smart applications are driving the market.

Growth Factors for Millimeter-Wave Market

• Rising adoption of ADAS and radar-based safety in the automotive industry.
• Increasing demand for high-speed wireless communication in enterprise networks.
• Government expenditures on cutting-edge surveillance and smart city infrastructure.
• growth of bandwidth-demanding apps such as AR/VR and HD video streaming
• Growing use of millimeter-wave in airport security and defense radar systems.
• Technological advancements in chipsets and phased array antennas.

Millimeter-Wave Market Trends

The Millimeter-Wave Market is witnessing strong growth in short-range high-speed applications like fixed wireless access (FWA) and data centers. Telecom companies are using millimeter-wave spectrum for last-mile connectivity, and there is a growing need for small, integrated antenna modules. Advanced use cases like remote sensing and driverless cars are also seeing a trend toward component miniaturization and AI-assisted signal processing.

Emerging Developments in the Millimeter-Wave Market

Emerging developments in the Millimeter-Wave Market include beamforming technology enhancements, integrated radar and communication platforms, and expansion of unlicensed spectrum for public and enterprise-grade usage. Scalable mmWave hardware for both indoor and outdoor applications is the main focus of vendors. Additionally, commercial adoption in emerging markets is accelerating due to partnerships between telcos and chipmakers.

List of Leading Companies in the Millimeter-Wave Market

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

1. Keysight Technologies

This company provides advanced test and measurement solutions for millimeter-wave design, 5G validation, and radar applications.

2. Siklu Communication Ltd.

This company delivers mmWave wireless connectivity for smart cities, security, and broadband access with high reliability and performance.

3. Vubiq Networks Inc.

This company focuses on 60 GHz and mmWave technologies for wireless data, chip-to-chip communication, and industrial automation.

4. NEC Corporation

This company offers mmWave backhaul and front-haul systems as part of its broader 5G network infrastructure solutions.

5. Aviat Networks, Inc.

This company provides millimeter-wave and microwave networking solutions for mobile operators and mission-critical communications.

6. E-band Communications LLC

This company develops high-capacity mmWave wireless systems used in enterprise and telecom backhaul deployments.

7. Millimeter Wave Products Inc.

This company designs waveguide components and subsystems operating in the millimeter-wave and sub-terahertz frequency ranges.

How big is the millimeter-wave market : FAQs