Millimeter Wave Technology Market to Exhibit a Remarkable CAGR of 36% by 2026, Size, Share, Trends, Key Drivers

The Global Millimeter Wave Technology Market is anticipated to grow at a CAGR of around 36% during the forecast period, i.e., 2021-26.

Business Jan 31, 2025 10 Add to Reading List

Millimeter Wave Technology Market to Exhibit a Remarkable CAGR of 36% by 2026, Size, Share, Trends, Key Drivers

Global Millimeter Wave Technology Market Overview and Insights:

According to MarkNtel Advisors Report, the Global Millimeter Wave Technology Market projected to grow at a CAGR of around 36% during the forecast period, i.e., 2021-26.

Millimeter Wave Technology Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

Time Period Captured in the Report:

Historical Years: 2016-19

Base Years: 2020

Forecast Years: 2021-26

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Possible Challenge: Adverse Environmental Impact of Millimeter Waves

The power density of waves above 5–10 mW/cm2 leads to thermal effects. The high-intensity millimeter waves affect human skin & cornea, causing pain and physical damage at higher exposures. Furthermore, the deployment of 5G networks can surge energy usage and result in rapid climate changes. Besides, the manufacturing of new technologies associated with 5G produces waste and uses crucial resources that lead to environmental consequences. Moreover, millimeter waves can be harmful to birds, which, in turn, has cascading effects through entire ecosystems.

Who are the Key Players Operating in the Millimeter Wave Technology Industry?

The top companies of the Millimeter Wave Technology market ruling the industry are:

Bridgewave Communications
Cablefree: Wireless Excellence
E-Band Communications, Llc
Farran Technology
Aviat Networks, Inc.
Lightpointe Communications, Inc.
Millitech, Inc.
NEC Corporation
QuinStar Technology, Inc.
Eravant (Sage Millimeter, Inc.)
Siklu Communication Ltd.
Trex Enterprises Corporation

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What is Included in Millimeter Wave Technology Market Segmentation?

The report has segmented the market into the following categories:

-By Component

Antennas & Transceivers
Frequency Sources & Related Components
Communication & Networking Components
Imaging Components
RF & Radio Components
Sensors & Controls
Interface Controls
Power & Battery Components

Here, of all components, Antennas & Transceivers hold the largest share in the Global Millimeter Wave Technology Market. It is due to the increasing development of advanced millimeter wave distributed antenna radio units to provide better capacity & coverage. Besides, the rising adoption of 5G wireless networks for broadband wireless communication is another crucial aspect contributing to the surging demand for Antennas & Transceivers.

The escalating usage of antennas & transceivers in the telecommunication industry is primarily for high-speed wireless communication and the rising deployment of 5G equipment for smart devices, autonomous vehicles, etc. Moreover, the burgeoning demand for advanced antennas to facilitate the large-scale deployment of 5G mobile networks shall also augment the overall market growth in the coming years.

-By Product

Telecommunication equipment
Scanning Systems
Radar and Satellite Communication Systems

-By License Type

Light licensed
Unlicensed frequency
Fully licensed frequency

-By Frequency Band

30 GHz to 57 GHz
57 GHz to 96 GHz
96 GHz to 300 GHz

-By Application

Telecommunication
Military & Defense
Healthcare
Automotive & Transport
Electronics & Semi-conductor
Security

Geographical Analysis:

-By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific

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For Further Queries:

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