{"id":386535,"date":"2025-11-03T07:00:00","date_gmt":"2025-11-03T07:00:00","guid":{"rendered":"https:\/\/dailybanglanewspapers.com\/news\/millimeter-wave-technology-market-size-to-hit-usd-29-76-billion-by-2032-at-a-cagr-of-28-20-sns-insider\/"},"modified":"2025-11-03T07:00:00","modified_gmt":"2025-11-03T07:00:00","slug":"millimeter-wave-technology-market-size-to-hit-usd-29-76-billion-by-2032-at-a-cagr-of-28-20-sns-insider","status":"publish","type":"post","link":"https:\/\/dailybanglanewspapers.com\/news\/millimeter-wave-technology-market-size-to-hit-usd-29-76-billion-by-2032-at-a-cagr-of-28-20-sns-insider\/","title":{"rendered":"Millimeter Wave Technology Market Size to Hit USD 29.76 Billion by 2032 | at a CAGR of 28.20% | SNS Insider"},"content":{"rendered":"<p><\/p>\n<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"left\">Austin, Nov.  03, 2025  (GLOBE NEWSWIRE) &#8212; <b>Millimeter Wave Technology<\/b><b>\u00a0Market<\/b><b><b>\u00a0Size &amp; Growth Insights:<\/b><\/b><\/p>\n<p align=\"left\">According to the SNS Insider,\u201cThe\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YvxzrbjEJAReAJS4JvoNXF63hLpqor8cXkiiwreHwbyXpOOEvWo21GKNqYe3OW7hkuP4jw4NUFTlvsrDMzDtwSmNlTfC4wZ4kOuaE7r673iZ4mBmqIt-fQTaA_6uyF-GHAXRTsRj1jxe_fICD2KxQoMiSE_bpKUZHZmvFvPDAxxmj8o6wQHVCzmvO9opmFOK\" rel=\"nofollow\" target=\"_blank\" title=\"\"><b><u><b><u>Millimeter Wave Technology Market<\/u><\/b><\/u><\/b><\/a>\u00a0size was valued at USD 3.19 billion in 2024 and is expected to reach USD 29.76 billion by 2032, growing at a CAGR of 28.20% over 2025-2032.\u201d<\/p>\n<p align=\"left\"><b><b>Growing 5G Expansion Automotive Advancements and Security Innovations Propel Market Growth Globally<\/b><\/b><\/p>\n<p align=\"left\">The market for millimeter wave (mmWave) technology is expanding because to the growing need for FRM (firm range meter) development and operation of 5G networks and satellite communication crystals. The growth of mmWave technology, which offers extremely fast data transmission rates and minimal latency, has been fueled by the global expansion of 5G infrastructure. <\/p>\n<p align=\"left\">Additionally, a major element supporting the market&#8217;s growth is the growing use of mmWave for automotive applications including driverless vehicles and ADAS (advanced driver assistance systems). Additionally, the market is expanding due to the increased demand for security and surveillance solutions as well as the increased use of high-resolution imaging and radar applications in the defense, aerospace, and healthcare industries.<\/p>\n<p align=\"center\"><b><b>Get a <\/b><\/b><b><b>Sample <\/b><\/b><b><b>Report <\/b><\/b><b><b>of <\/b><\/b><b><b>Millimeter Wave Technology Market Forecast <\/b><\/b><b><b>@ <\/b><\/b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9lKghn6GQEgt6mVz_5ZMEe5Ej8IzxBzA563VkRy3prMaKkBsd3wy6V3uSanP_fOZH4AE1dMJvp-FEDN7JnIn4aM-IjbDR6RZKU_VrmFJIw94Sln5AY7HOxTM5f4Qo-LeaJsgsTrYd41wFt5XvZCAkHdK8VCMxP_-0KkaE_MP7io=\" rel=\"nofollow\" target=\"_blank\" title=\"\"><b><u><b><u>https:\/\/www.snsinsider.com\/sample-request\/5743<\/u><\/b><\/u><\/b><\/a><b><b>\u00a0<\/b><\/b><\/p>\n<p align=\"left\"><b><b><img fetchpriority=\"high\" decoding=\"async\" data-mce-src=\"https:\/\/www.globenewswire.com\/api\/ImageRender\/DownloadFile?resourceId=38c70dc4-413d-41c5-84db-7b5d72f88558&amp;size=0\" data-mce-style=\"display: block; margin-left: auto; margin-right: auto;\" data-state=\"draft\" height=\"400\" name=\"GNW_RichHtml_IMG\" src=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/38c70dc4-413d-41c5-84db-7b5d72f88558\/millimeter-wave-technology-market.jpg\" style=\"display:block; margin-left:auto; margin-right:auto;\" title=\"Millimeter-Wave-Technology-Market.jpg\" width=\"600\"\/><\/b><\/b><\/p>\n<p align=\"left\"><b><b>Leading Market Players with their Product Listed <\/b><\/b><b><b>in this Report are:<\/b><\/b><\/p>\n<ul>\n<li style=\"text-align:left;\">Logitech<\/li>\n<li style=\"text-align:left;\">Cambium Networks<\/li>\n<li style=\"text-align:left;\">Filtronic<\/li>\n<li style=\"text-align:left;\">Vayyar<\/li>\n<li style=\"text-align:left;\">Rohde &amp; Schwarz<\/li>\n<li style=\"text-align:left;\">pSemi (formerly Peregrine Semiconductor)<\/li>\n<li style=\"text-align:left;\">Keysight Technologies<\/li>\n<li style=\"text-align:left;\">Siklu<\/li>\n<li style=\"text-align:left;\">E-Band Communications<\/li>\n<li style=\"text-align:left;\">NEC Corporation<\/li>\n<li style=\"text-align:left;\">Sivers Semiconductors<\/li>\n<li style=\"text-align:left;\">Quintech Electronics &amp; Communications<\/li>\n<li style=\"text-align:left;\">Anokiwave<\/li>\n<li style=\"text-align:left;\">Aviat Networks<\/li>\n<li style=\"text-align:left;\">Qualcomm Incorporated<\/li>\n<li style=\"text-align:left;\">Ericsson AB<\/li>\n<li style=\"text-align:left;\">Nokia Corporation<\/li>\n<li style=\"text-align:left;\">Samsung Electronics Co., Ltd.<\/li>\n<li style=\"text-align:left;\">Infineon Technologies AG<\/li>\n<li style=\"text-align:left;\">Texas Instruments Inc.<\/li>\n<\/ul>\n<p align=\"center\"><b><b>Millimeter Wave Technology <\/b><\/b><b><b>Market Report Scope:<\/b><\/b><\/p>\n<table style=\"border-collapse: collapse; margin-left:auto; margin-right:auto; border-collapse:collapse ;\">\n<tr>\n<td style=\"width:301.34px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>Report Attributes<\/b><\/b><\/td>\n<td style=\"width:301.34px;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \"><b><b>Details<\/b><\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">Market Size in 2024<\/td>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">USD\u00a03.19 Billion<\/td>\n<\/tr>\n<tr>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">Market Size by 2032<\/td>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">USD\u00a029.76 Billion<\/td>\n<\/tr>\n<tr>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">CAGR<\/td>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">CAGR of\u00a028.20% From 2025\u00a0to 2032<\/td>\n<\/tr>\n<tr>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">Report Scope &amp; Coverage<\/td>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">Market Size, Segments Analysis, Competitive\u00a0 Landscape, Regional Analysis, DROC &amp; SWOT Analysis, Forecast Outlook<\/td>\n<\/tr>\n<tr>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">Key Segmentation<\/td>\n<td style=\"width:301.34px;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">\u2022 By Product (Telecommunication Equipment, Imaging &amp; Scanning Systems, Radar &amp; Satellite Communication Systems)<br \/>\u2022 By Component (Antennas &amp; Transceivers, Amplifiers, Oscillators, Control Devices, Frequency Converters, Passive Components, Others (Ferrite Devices, Radiometers, etc.))<br \/>\u2022 By Frequency Band (V-Band, E-Band, Other Frequency Bands)<br \/>\u2022 By Application (Telecommunications, Military &amp; Defense, Automotive &amp; Transport, Healthcare, Electronics &amp; Semiconductor, Security)<\/td>\n<\/tr>\n<\/table>\n<p align=\"center\"><b><b>Purchase Single <\/b><\/b><b><b>User <\/b><\/b><b><b>PDF <\/b><\/b><b><b>of <\/b><\/b><b><b>Millimeter Wave Technology <\/b><\/b><b><b>Market<\/b><\/b><b><b>\u00a0Report (20% Discount) <\/b><\/b><b><b>@ <\/b><\/b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9lKghn6GQEgt6mVz_5ZMEe5Ej8IzxBzA563VkRy3prMOFMwiEbg8Sv64JnGPBx5zVf4dLvespKNQ8OdjAPUmETPbd69vAODk2FLvJ5En7EJBqpnkBrp0-P5wHWhRSuJLt9DMKd3cVumnEG8Gs9cUfA==\" rel=\"nofollow\" target=\"_blank\" title=\"\"><b><u><b><u>https:\/\/www.snsinsider.com\/checkout\/5743<\/u><\/b><\/u><\/b><\/a><b><b>\u00a0<\/b><\/b><\/p>\n<p align=\"left\"><b>Key Industry Segmentation<\/b><\/p>\n<p align=\"left\"><b><b>By Product<\/b><\/b><\/p>\n<p align=\"left\">The\u00a0<b><b>telecommunication equipment<\/b><\/b>\u00a0segment led the global Millimeter Wave (mmWave) Technology market, contributing 55.3% of the global market share in 2024. The growth is driven by the adoption of mmWave technology in telecommunication infrastructure the boom of 5G networks and need-based transmission of high-speed data.\u00a0The category of\u00a0<b><b>imaging &amp; scanning systems<\/b><\/b>\u00a0is expected to grow at a rapidly growing CAGR from 2025 to 2032 due to developments in the medical imaging, security screening, and industrial inspection fields.\u00a0<\/p>\n<p align=\"left\"><b><b>By Component<\/b><\/b><\/p>\n<p align=\"left\">In 2024,\u00a0<b><b>antennas &amp; transceivers<\/b><\/b>\u00a0led the millimeter wave (mmWave) technology market with a 40.4% share of the total market as these components are crucial to facilitate high-frequency signals being sent and received across different applications. <b><b>Frequency converters<\/b><\/b>\u00a0are expected to grow at a rapid CAGR during the forecast period (2025 &#8211; 2032) owing to their increasing use in various telecommunication applications including frequency translation and signal processing in telecommunications, aerospace, and industrial automation.<\/p>\n<p align=\"left\"><b><b>By Frequency Band<\/b><\/b><\/p>\n<p align=\"left\">In 2024,\u00a0<b><b>E-Band<\/b><\/b>\u00a0held the largest market share of 61.2% in the Millimeter Wave (mmWave) Technology Market due to its low latency capability, it has made a favorable choice for telecommunication infrastructure, as well as aerospace &amp; defense applications.\u00a0The\u00a0<b><b>V-Band<\/b><\/b>\u00a0garnered the highest revenue CAGR through 2025-2032, largely attributed to its growing use in wireless broadband, unlicensed 5G, and short-range communications.<\/p>\n<p align=\"left\"><b><b>By Application<\/b><\/b><\/p>\n<p align=\"left\"><b><b>Telecommunications<\/b><\/b>\u00a0lead the MMwave Technology Market by commanding 46.7%\u2002of the market share in 2023 due to the growing demand for high-speed data transmission, rapid deployment of 5G networks, and increasing need for wireless broadband infrastructure.\u00a0The\u00a0<b><b>Military &amp; defense<\/b><\/b>\u00a0sector is projected to register the fastest CAGR during 2024 \u2013 2032 due to advancements in radar, surveillance, and secure communication systems.<\/p>\n<p align=\"left\"><b><b>Regional Insights: <\/b><\/b><\/p>\n<p align=\"left\"><b><b>North America<\/b><\/b>\u00a0held the highest mmWave Technology Market share of 40.1% in 2024. The 5G networks are being widely deployed while the strong growth in defense and aerospace applications and\u00a0autonomous vehicles\u00a0sectors also supports this dominance.\u00a0<\/p>\n<p align=\"left\">The\u00a0<b>Asia Pacific<\/b>\u00a0region will grow at the fastest CAGR from 2025-2032, as a result of growing 5G infrastructure, rising\u00a0industrial automation, and higher defense spending. China, Japan, and South Korea are pouring resources into mmWave-based\u20025G networks for smart cities and industrial facilities.<\/p>\n<p align=\"left\"><b><b>Do <\/b><\/b><b><b>y<\/b><\/b><b><b>ou <\/b><\/b><b><b>h<\/b><\/b><b><b>ave <\/b><\/b><b><b>a<\/b><\/b><b><b>ny <\/b><\/b><b><b>s<\/b><\/b><b><b>pecific <\/b><\/b><b><b>q<\/b><\/b><b><b>ueries <\/b><\/b><b><b>o<\/b><\/b><b><b>r <\/b><\/b><b><b>n<\/b><\/b><b><b>eed <\/b><\/b><b><b>a<\/b><\/b><b><b>ny <\/b><\/b><b><b>c<\/b><\/b><b><b>ustomiz<\/b><\/b><b><b>ed<\/b><\/b><b><b>\u00a0<\/b><\/b><b><b>r<\/b><\/b><b><b>esearch on<\/b><\/b><b><b>\u00a0Millimeter Wave Technology <\/b><\/b><b><b>Market<\/b><\/b><b><b>?<\/b><\/b><b><b>\u00a0<\/b><\/b><b><b>Submit your inquiry here <\/b><\/b><b><b>@ <\/b><\/b><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=9lKghn6GQEgt6mVz_5ZMEe5Ej8IzxBzA563VkRy3prO8tpRWYxCrm2nOXggJChb8RguV0mKRT153bTf67AnCPVIH-mSkqN9biOSOwgslxOLLLbF6E78ZDSkIgqsGygcCPg4Tml5fflu5qW3RbEGdhw==\" rel=\"nofollow\" target=\"_blank\" title=\"\"><b><u><b><u>https:\/\/www.snsinsider.com\/enquiry\/5743<\/u><\/b><\/u><\/b><\/a><b><b>\u00a0<\/b><\/b><\/p>\n<p align=\"left\"><b>Recent News:<\/b><\/p>\n<ul>\n<li style=\"text-align:left;\"><b><b>In January 2025<\/b><\/b>, Logitech introduced the Spot mmWave radar sensor with a 4-year battery life, designed for office occupancy tracking, but concerns arise over potential covert employee monitoring.\u00a0<\/li>\n<li style=\"text-align:left;\"><b><b>In February 2025<\/b><\/b>, Filtronic signed a USD 20.9 million contract with SpaceX to supply radio-frequency power amplifiers for the Starlink satellite network.<\/li>\n<\/ul>\n<p align=\"left\"><b><b>Exclusive Sections of the<\/b><\/b><b><b>\u00a0<\/b><\/b><b><b>Millimeter Wave Technology <\/b><\/b><b><b>Market<\/b><\/b><b><b>\u00a0Report (The USPs):<\/b><\/b><\/p>\n<ul>\n<li style=\"text-align:left;\"><b><b>TECHNOLOGICAL INNOVATION INDEX<\/b><\/b>\u00a0\u2013 helps you track the adoption of millimeter-wave (mmWave) frequency bands across telecom, automotive, and defense sectors, supported by rising patent filings and launches of advanced chipsets, modules, and SoC designs.<\/li>\n<li style=\"text-align:left;\"><b><b>R&amp;D AND PATENT ACTIVITY INSIGHTS<\/b><\/b>\u00a0\u2013 helps you assess investment trends in 5G infrastructure, radar sensing, and semiconductor innovation, along with the growing number of patents in antennas, transceivers, and beamforming technologies.<\/li>\n<li style=\"text-align:left;\"><b><b>PERFORMANCE &amp; RELIABILITY BENCHMARKS<\/b><\/b>\u00a0\u2013 helps you evaluate key operational indicators such as frequency utilization (24\u2013100 GHz), data throughput, latency, and mean time between failures (MTBF) for mmWave systems.<\/li>\n<li style=\"text-align:left;\"><b><b>SUPPLY CHAIN &amp; MATERIAL DEPENDENCY ANALYSIS<\/b><\/b>\u00a0\u2013 helps you identify capacity utilization levels, lead times, and material dependencies on GaN, GaAs, and SiGe, along with supply chain integration efficiency across OEMs and system integrators.<\/li>\n<li style=\"text-align:left;\"><b><b>COST &amp; PRICING DYNAMICS<\/b><\/b>\u00a0\u2013 helps you understand average selling price (ASP) trends by component type and analyze total system deployment costs for 5G base stations and radar applications.<\/li>\n<li style=\"text-align:left;\"><b><b>REGULATORY &amp; COMPLIANCE METRICS<\/b><\/b>\u00a0\u2013 helps you navigate regional spectrum allocation rules and emission standards (FCC, ETSI, ITU), ensuring product safety, interoperability, and EMC compliance.<\/li>\n<\/ul>\n<p align=\"left\"><b><b>About Us:<\/b><\/b><\/p>\n<p align=\"left\"><b><b>SNS Insider<\/b><\/b> is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company&#8217;s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.<\/p>\n<pre\/><img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/ZGQ4N2I3NjUtODMxMi00ZDQ1LWEwNGYtMDUyOWUzZDk3ODI4LTEyNjg4MTktMjAyNS0xMS0wMy1lbg==\/tiny\/SNS-Insider-pvt-ltd.png\" referrerpolicy=\"no-referrer-when-downgrade\"\/>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Austin, Nov. 03, 2025 (GLOBE NEWSWIRE) &#8212; Millimeter Wave Technology\u00a0Market\u00a0Size &amp; Growth Insights: According to the SNS Insider,\u201cThe\u00a0Millimeter Wave Technology Market\u00a0size was valued at USD 3.19 billion in 2024 and is expected to reach USD 29.76 billion by 2032, growing at a CAGR of 28.20% over 2025-2032.\u201d Growing 5G Expansion Automotive Advancements and Security Innovations [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":386536,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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