Global Telecom Millimeter Wave Market size and share is currently valued at USD 2.75 billion in 2023 and is anticipated to generate an estimated revenue of USD 19.92 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 24.6% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
The Telecom Millimeter Wave market is gaining momentum as telecommunications networks embrace next-generation technologies to meet increasing data demands. Millimeter wave (mmWave) technology operates at high-frequency bands, enabling ultra-high-speed wireless communication and supporting bandwidth-intensive applications. The deployment of mmWave is critical for 5G networks, as it provides faster data transmission, lower latency, and higher capacity. This technology is reshaping telecommunications by addressing the growing need for efficient spectrum utilization and enhanced connectivity in urban and densely populated areas.
Key Trends:
- Deployment of Fixed Wireless Access (FWA)
Fixed Wireless Access (FWA) is emerging as a key application for mmWave technology, offering high-speed internet services in underserved and rural areas. Telecom operators are leveraging mmWave for FWA to bridge the digital divide. - Integration with Smart Cities
Millimeter wave technology is becoming integral to smart city initiatives, enabling real-time data transmission for applications such as traffic management, public safety, and energy optimization. - Expansion of Small Cell Infrastructure
To address the limited range of mmWave signals, telecom operators are investing in small cell infrastructure. This trend enhances network coverage and capacity, especially in urban and densely populated areas. - Increasing Adoption in Defense and Aerospace
Beyond telecommunications, mmWave technology is gaining traction in defense and aerospace sectors. Applications such as radar systems, satellite communication, and secure data links are leveraging mmWave for high-frequency communication.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Some of the major players operating in the global market include:
- Aviat Network, Inc
- Bridgewave Communications, Inc
- E-band Communications LLC
- Farran Technology Ltd
- Keysight Technologies, Inc
- LightPointe Communications, Inc
- Millimeter Wave Products, Inc
- NEC Corporation
- Sage Millimeter, Inc
- Siklu Communication Ltd
- Smiths Group PLC
Recent Developments:
March 2024:
- Tejas Network Collaborates with Telecom Egypt:
Tejas Network, a Tata Group company, signed a Memorandum of Understanding (MoU) with Telecom Egypt. The partnership aims to leverage Tejas Network’s expertise from implementing projects like BharatNet and the National Knowledge Network (NKN) in India to support rural broadband and digital infrastructure development in Egypt.
February 2024:
- India Highlights Digital Initiatives at MWC Spain:
During the Mobile World Congress (MWC) in Spain, Dr. Mittal emphasized India’s achievements in bridging the digital divide through initiatives like BharatNet and the 4G saturation project. He also highlighted the role of artificial intelligence (AI) in enhancing network security and combating fake connections, reinforcing the importance of safety and innovation in telecommunications.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Telecom Millimeter Wave Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Telecom Millimeter Wave Market,Product Outlook (Revenue – USD Million, 2019-2032)
- Scanner Systems
- Radar and Satellite
- Communication Systems
- Telecommunication Equipment
Telecom Millimeter Wave Market, Frequency Band Outlook (Revenue – USD Million, 2019-2032)
- E-band
- V-band
Telecom Millimeter Wave Market, End-User Outlook (Revenue – USD Million, 2019-2032)
- Defence
- Aerospace
- Telecommunication
- Automotive
- Healthcare
- Consumer
- Others
Telecom Millimeter Wave Market, Licensing Type Outlook (Revenue – USD Million, 2019-2032)
- Fully licensed
- Light licensed
- Unlicensed
The Telecom Millimeter Wave market is poised for substantial growth, driven by the global 5G rollout, rising demand for high-speed connectivity, and the expanding IoT ecosystem. Key trends such as FWA deployment, smart city integration, and advancements in small cell infrastructure are shaping the future of the market. As mmWave technology continues to evolve, it will play a pivotal role in transforming telecommunications and enabling a connected future.