밀리미터파(MMW) 기술 시장, 규모, 점유율, 동향, 산업 분석 보고서 : 제품별, 구성요소별, 주파수대별, 용도별, 지역별 예측(2025-2034년)

The millimeter wave (MMW) technology market size is expected to reach USD 26.47 Billion by 2034, according to a new study by Polaris Market Research. The report "Millimeter Wave (MMW) Technology Market Size, Share, Trends, & Industry Analysis Report: By Product (Telecommunication Equipment, Imaging & Scanning Systems), By Component, By Frequency Band, By Application, By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Millimeter wave technology refers to the use of electromagnetic waves within the 30 GHz to 300 GHz frequency range, corresponding to wavelengths between 1 and 10 millimeters. It enables high-speed, high-capacity wireless communication and is widely used in applications such as 5G networks, radar systems, and advanced imaging.

The rollout of 5G technology is driving the millimeter wave (MMW) technology market growth. MMW frequencies allow for extremely high data transmission rates, which are essential for supporting the increased bandwidth needs of 5G services. Telecom companies are adopting MMW to deliver faster internet, low latency, and higher network capacity in urban areas. The need for efficient 5G infrastructure rises as mobile data consumption continues to rise with applications like video streaming, online gaming, and remote work, boosting demand for MMW components in base stations, antennas, and small cells.

Millimeter wave technology is being explored in the healthcare industry for advanced imaging and diagnostic applications. MMW waves penetrate clothing and tissue to detect anomalies without ionizing radiation, making them safer than traditional X-rays. These technologies are being researched for early cancer detection, skin imaging, and even contactless vital sign monitoring. MMW-based medical imaging is gaining traction as the demand for safer, non-invasive diagnostic tools grows. The integration of this technology in healthcare could revolutionize patient monitoring and diagnostics, opening new opportunities for market growth in the medical devices sector.

Millimeter Wave (MMW) Technology Market Report Highlights

The telecommunication equipment segment is projected to register a CAGR of 25.8% during the forecast period, primarily driven by the escalating global need for faster and more dependable wireless communication technologies.

In 2024, the electronics and semiconductor segment held a 4.49% share of the total market revenue, fueled by growing demand for MMW-enabled chipsets, sensors, and communication modules as consumer electronics evolve with greater intelligence, speed, and compactness.

North America accounted for 41.25% of global revenue in the millimeter wave technology market in 2024, supported by early 5G deployment, favorable regulatory frameworks, and a well-established telecom infrastructure.

The Asia Pacific region is forecasted to grow at a CAGR of 31.5% during the forecast period, driven by significant investments in 5G infrastructure, growing industrial automation, and rapid development in smart mobility and urban infrastructure.

The global key market players are Aviat Networks, Inc., Bridgewave Communications, Inc., Ducommun Incorporated, E-Band Communications, LLC, Farran Technology Ltd., Keysight Technologies, Inc., Millimeter Wave Products Inc., NEC Corporation, Siklu Communication Ltd., Smiths Interconnect.

Polaris market research has segmented the millimeter wave (MMW) technology market report based on product, component, frequency band, application and region:

By Product (Revenue - USD Billion, 2020-2034)

Telecommunication Equipment

Imaging & Scanning Systems

Radar & Satellite Communication Systems

By Component (Revenue - USD Billion, 2020-2034)

Antennas & Transceivers

Amplifiers

Oscillators

Control Devices

Frequency Converters

Passive Components

Other Components

By Frequency Band (Revenue - USD Billion, 2020-2034)

E-Band

V-Band

Other Frequency Bands

By Application (Revenue - USD Billion, 2020-2034)

Telecommunications

Military & Defense

Automotive & Transport

Healthcare

Electronics & Semiconductor

Security

By Regional Outlook (Revenue - USD Billion, 2020-2034)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Australia

Rest of APAC

Latin America

Argentina

Brazil

Mexico

Rest of Latin America

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa

Rest of MEA

Table of Contents

Chapter 1. Introduction

• 1.1 Report Description
  • 1.1.1 Objectives of the Study
  • 1.1.2 Market Scope
  • 1.1.3 Assumptions
• 1.2 Stakeholders

Chapter 2. Executive Summary

• 2.1 Market Highlights

Chapter 3. Research Methodology

• 3.1 Overview
  • 3.1.1 Data Mining
• 3.2 Data Sources
  • 3.2.1 Primary Sources
  • 3.2.2 Secondary Sources

Chapter 4. Millimeter Wave (MMW) Technology Market Insights

• 4.1 Millimeter Wave (MMW) Technology - Industry snapshot
• 4.2 Millimeter Wave (MMW) Technology Market Dynamics
  • 4.2.1 Drivers and Opportunities
    • 4.2.1.1 Growing demand from the bandwidth-intensive applications and the telecommunication sector
    • 4.2.1.2 Increasing adoption of MMW technology in telecommunication sector and emerging 5G technology
    • 4.2.1.3 Rising adoption of MMW technology in scanners for the security purposes and military & defense, aerospace, and industrial sectors/applications
  • 4.2.2 Restraints and Challenges
    • 4.2.2.1 Range limitations, line-of-sight communication, and environmental factors interfering the propagation
• 4.3 Porter's Five Forces Analysis
• 4.4 PEST Analysis
• 4.5 Millimeter Wave (MMW) Technology Market - Value Chain
• 4.6 Millimeter Wave (MMW) Technology Market - Industry Trends

Chapter 5. COVID-19 Impact Analysis

• 5.1 Introduction
• 5.2 COVID-19 Impact Analysis

Chapter 6. Millimeter Wave (MMW) Market Assessment by Product

• 6.1 Introduction
• 6.2 Telecommunication Equipment
• 6.3 Imaging & Scanning Systems
• 6.4 Radar & Satellite Communication Systems

Chapter 7. Global Millimeter Wave (MMW) Technology Market, by Component

• 7.1 Introduction
• 7.2 Antennas & Transceivers
• 7.3 Amplifiers
• 7.4 Oscillators
• 7.5 Control Devices
• 7.6 Frequency Converters
• 7.7 Passive Components
• 7.8 Other Components

Chapter 8. Global Millimeter Wave (MMW) Technology Market, by Frequency Band

• 8.1 Introduction
• 8.2 E-Band
• 8.3 V-Band
• 8.4 Other Frequency Bands

Chapter 9. Global Millimeter Wave (MMW) Technology Market, by Application

• 9.1 Introduction
• 9.2 Telecommunications
• 9.3 Military & Defense
• 9.4 Automotive & Transport
• 9.5 Healthcare
• 9.6 Electronics & Semiconductor
• 9.7 Security

Chapter 10. Global Millimeter Wave (MMW) Technology Market Assessment by Geography

• 10.1 Introduction
• 10.2 North America
  • 10.2.1 Millimeter Wave Technology Market - U.S.
  • 10.2.2 Millimeter Wave Technology Market - Canada
  • 10.2.3 Millimeter Wave Technology Market - Mexico
• 10.3 Europe
  • 10.3.1 Millimeter Wave Technology Market - UK
  • 10.3.2 Millimeter Wave Technology Market - Germany
  • 10.3.3 Millimeter Wave Technology Market - France
  • 10.3.4 Millimeter Wave Technology Market - Italy
  • 10.3.5 Millimeter Wave Technology Market - Spain
• 10.4 Asia Pacific
  • 10.4.1 Millimeter Wave Technology Market - China
  • 10.4.2 Millimeter Wave Technology Market - Japan
  • 10.4.3 Millimeter Wave Technology Market - India
  • 10.4.4 Millimeter Wave Technology Market - South Korea
  • 10.4.5 Millimeter Wave Technology Market - Singapore
• 10.5 Rest of World (RoW)

Chapter 11. Competitive Landscape

• 11.1 NEC Corporation
  • 11.1.1 Business Overview
  • 11.1.2 Financial Snapshot
  • 11.1.3 Products and Services
  • 11.1.4 Recent Developments
• 11.2 Siklu Communication Ltd.
  • 11.2.1 Business Overview
  • 11.2.2 Financial Snapshot
  • 11.2.3 Products and Services
  • 11.2.4 Recent Developments
• 11.3 Bridgewave Communications, Inc.
  • 11.3.1 Business Overview
  • 11.3.2 Financial Snapshot
  • 11.3.3 Products and Services
  • 11.3.4 Recent Developments
• 11.4 E-Band Communications, LLC
  • 11.4.1 Business Overview
  • 11.4.2 Financial Snapshot
  • 11.4.3 Products and Services
• 11.5 Aviat Networks, Inc.
  • 11.5.1 Business Overview
  • 11.5.2 Financial Snapshot
  • 11.5.3 Products and Services
  • 11.5.4 Recent Developments
• 11.6 Smiths Interconnect
  • 11.6.1 Business Overview
  • 11.6.2 Financial Snapshot
  • 11.6.3 Products and Services
• 11.7 Millimeter Wave Products Inc.
  • 11.7.1 Business Overview
  • 11.7.2 Financial Snapshot
  • 11.7.3 Products and Services
• 11.8 Keysight Technologies, Inc.
  • 11.8.1 Business Overview
  • 11.8.2 Financial Snapshot
  • 11.8.3 Products and Services
  • 11.8.4 Recent Developments
• 11.9 Ducommun Incorporated
  • 11.9.1 Business Overview
  • 11.9.2 Financial Snapshot
  • 11.9.3 Products and Services
• 11.10 Farran Technology Ltd.
  • 11.10.1 Business Overview
  • 11.10.2 Financial Snapshot
  • 11.10.3 Products and Services