5G 밀리미터파 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 구성요소별, 대역폭별, 용도별, 산업별, 지역별 및 경쟁 상황(2021-2031년)

The Global 5G mm Wave Market is projected to expand from USD 12.24 Billion in 2025 to USD 28.18 Billion by 2031, achieving a CAGR of 14.91%. This market encompasses telecommunications infrastructure and user equipment operating on high-frequency spectrum bands, generally between 24 GHz and 100 GHz, designed to facilitate ultra-low latency and multi-gigabit speeds. Growth is primarily propelled by the urgent demand for significant bandwidth in densely populated urban areas and the rising popularity of Fixed Wireless Access (FWA) as a cost-efficient substitute for fiber optics. Furthermore, the industrial sector contributes to this expansion through the adoption of private networks necessitating precise, real-time data transmission for robotics and automation, differentiating these needs from standard consumer mobile usage.

Despite these positive drivers, the market confronts substantial hurdles related to signal propagation, as millimeter waves possess a restricted range and struggle to penetrate physical barriers such as foliage and walls, necessitating heavy investment in dense infrastructure. The requirement for widespread small cell installation can increase capital costs and slow network rollouts. According to the Global mobile Suppliers Association, in 2025, 203 operators across 56 countries and territories were identified as investing in 5G mmWave network deployments, signaling persistent industry dedication despite these technical obstacles.

Market Driver

The escalating demand for ultra-high-speed Fixed Wireless Access (FWA) services is a major catalyst for the Global 5G mmWave Market, as operators utilize high-frequency bands to provide connectivity comparable to fiber optics without the need for extensive cabling. This approach effectively resolves last-mile connectivity issues in both underserved suburban regions and dense urban centers by leveraging the immense bandwidth of the millimeter wave spectrum to handle bandwidth-heavy home applications. The technology's rapid scalability is hastening its adoption worldwide as a viable broadband option. As per Ericsson's 'Mobility Report' from November 2025, FWA connections were projected to reach 185 million by the end of 2025, highlighting the essential role of high-frequency spectrum in satisfying contemporary broadband needs.

Simultaneously, the rising mobile data traffic requirements in stadiums and large public venues are creating a critical need for high-capacity connectivity. In such settings, the propagation traits of millimeter waves facilitate precise beamforming and frequency reuse, which are vital for managing extreme network density during large-scale events. Real-world performance metrics demonstrate this infrastructure's ability to support massive throughput. According to a Verizon 'News Release' in February 2025, fans consumed 38.1 TB of data in and around the Caesars Superdome during the Super Bowl, proving the necessity of high-band solutions. This operational need is bolstered by an expanding hardware ecosystem; the Global mobile Suppliers Association (GSA) noted in 2025 that the number of commercially available mmWave devices had surpassed 150, indicating a supply chain mature enough to support these deployments.

Market Challenge

The central obstacle impeding the Global 5G mmWave Market is the physical limitation regarding signal propagation, which demands a costly and dense infrastructure. Because millimeter waves have short wavelengths that are easily obstructed by physical barriers like foliage and buildings, operators are unable to depend on standard macro towers for broad coverage. Instead, they are required to deploy a vast network of small cell base stations to guarantee reliable connectivity. This necessity significantly inflates capital expenditures, creating a major financial hurdle for telecommunications providers and making the business justification for widespread deployment challenging outside of highly dense urban areas.

Consequently, these elevated infrastructure costs directly retard the shift from testing phases to commercial reality. Operators express hesitation regarding full-scale rollouts due to uncertain returns on investment caused by these deployment complexities. This reluctance is reflected in the sluggish pace of active network launches worldwide. According to the Global mobile Suppliers Association, as of July 2025, only 24 operators across 17 countries had commercially launched 5G networks utilizing mmWave spectrum. This low number highlights how physical signal constraints and the resulting financial burdens are effectively stalling the broader expansion of the market.

Market Trends

The proliferation of Private 5G networks for industrial automation is fundamentally reshaping the market as enterprises move from proof-of-concept trials to full-scale commercial deployments. Manufacturers are increasingly utilizing the ultra-wide bandwidth of millimeter waves to support latency-critical applications like autonomous mobile robots and digital twins, which demand consistent throughput in complex radio environments. This transition is driven by the tangible operational efficiencies these dedicated networks offer, justifying the substantial infrastructure investment needed for high-frequency spectrum. According to Nokia's '2025 Industrial Digitalization Report' from September 2025, 87% of industrial adopters realized a positive return on investment within just one year of deployment, highlighting the rapid value realization that is accelerating global adoption.

At the same time, the incorporation of artificial intelligence for dynamic beamforming is emerging as a crucial technical evolution to address the propagation limitations inherent in high-frequency bands. By integrating machine learning algorithms directly into the modem-RF system, operators are able to optimize beam management in real-time, predicting user movement and modifying signal directionality to preserve robust connections even in obstructed environments. This technological progression allows devices to maintain millimeter wave links more efficiently, drastically lowering power consumption while boosting coverage resilience. According to a Qualcomm 'Press Release' in March 2025, the newly launched X85 5G Modem-RF System includes an enhanced 5G AI Processor specifically engineered to provide AI-driven gains in coverage and efficiency, supporting peak download speeds reaching 12.5 Gbps.

Key Market Players

• NXP Semiconductors N.V.
• Airspan Networks Inc.
• AT&T Inc.
• SoftBank Group Corp.
• Corning Incorporated
• Nokia Corporation
• NTT DOCOMO, INC.
• Huawei Technologies Co., Ltd.
• Qualcomm Incorporated
• Verizon Communications Inc.
• Rakuten Mobile, Inc.
• Samsung Electronics Co., Ltd.
• Fujitsu Limited
• Renesas Electronics Corporation

Report Scope

In this report, the Global 5G mm Wave Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

5G mm Wave Market, By Component

• Hardware
• Solutions
• Services

5G mm Wave Market, By Bandwidth

• 24Ghz to 57Ghz
• 57Ghz to 95Ghz
• 95Ghz to 300Ghz

5G mm Wave Market, By Application,

• Real time surveillance cameras
• AR/VR
• Industry 4.0
• Live Streaming
• Ultra-High-Definition Video
• Transport Connectivity
• Others

5G mm Wave Market, By Industry

• Aerospace and Defense
• Telecom
• Automotive and Transportation
• Public safety
• Healthcare and Life science
• Media and Entertainment
• Others

5G mm Wave Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global 5G mm Wave Market.

Available Customizations:

Global 5G mm Wave Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global 5G mm Wave Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Component (Hardware, Solutions, Services)
  • 5.2.2. By Bandwidth (24Ghz to 57Ghz, 57Ghz to 95Ghz, 95Ghz to 300Ghz)
  • 5.2.3. By Application, (Real time surveillance cameras, AR/VR, Industry 4.0, Live Streaming, Ultra-High-Definition Video, Transport Connectivity, Others)
  • 5.2.4. By Industry (Aerospace and Defense, Telecom, Automotive and Transportation, Public safety, Healthcare and Life science, Media and Entertainment, Others)
  • 5.2.5. By Region
  • 5.2.6. By Company (2025)
• 5.3. Market Map

6. North America 5G mm Wave Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Component
  • 6.2.2. By Bandwidth
  • 6.2.3. By Application,
  • 6.2.4. By Industry
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States 5G mm Wave Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Component
      • 6.3.1.2.2. By Bandwidth
      • 6.3.1.2.3. By Application,
      • 6.3.1.2.4. By Industry
  • 6.3.2. Canada 5G mm Wave Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Component
      • 6.3.2.2.2. By Bandwidth
      • 6.3.2.2.3. By Application,
      • 6.3.2.2.4. By Industry
  • 6.3.3. Mexico 5G mm Wave Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Component
      • 6.3.3.2.2. By Bandwidth
      • 6.3.3.2.3. By Application,
      • 6.3.3.2.4. By Industry

7. Europe 5G mm Wave Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Component
  • 7.2.2. By Bandwidth
  • 7.2.3. By Application,
  • 7.2.4. By Industry
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany 5G mm Wave Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Component
      • 7.3.1.2.2. By Bandwidth
      • 7.3.1.2.3. By Application,
      • 7.3.1.2.4. By Industry
  • 7.3.2. France 5G mm Wave Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Component
      • 7.3.2.2.2. By Bandwidth
      • 7.3.2.2.3. By Application,
      • 7.3.2.2.4. By Industry
  • 7.3.3. United Kingdom 5G mm Wave Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Component
      • 7.3.3.2.2. By Bandwidth
      • 7.3.3.2.3. By Application,
      • 7.3.3.2.4. By Industry
  • 7.3.4. Italy 5G mm Wave Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Component
      • 7.3.4.2.2. By Bandwidth
      • 7.3.4.2.3. By Application,
      • 7.3.4.2.4. By Industry
  • 7.3.5. Spain 5G mm Wave Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Component
      • 7.3.5.2.2. By Bandwidth
      • 7.3.5.2.3. By Application,
      • 7.3.5.2.4. By Industry

8. Asia Pacific 5G mm Wave Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Component
  • 8.2.2. By Bandwidth
  • 8.2.3. By Application,
  • 8.2.4. By Industry
  • 8.2.5. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China 5G mm Wave Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Component
      • 8.3.1.2.2. By Bandwidth
      • 8.3.1.2.3. By Application,
      • 8.3.1.2.4. By Industry
  • 8.3.2. India 5G mm Wave Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Component
      • 8.3.2.2.2. By Bandwidth
      • 8.3.2.2.3. By Application,
      • 8.3.2.2.4. By Industry
  • 8.3.3. Japan 5G mm Wave Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Component
      • 8.3.3.2.2. By Bandwidth
      • 8.3.3.2.3. By Application,
      • 8.3.3.2.4. By Industry
  • 8.3.4. South Korea 5G mm Wave Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Component
      • 8.3.4.2.2. By Bandwidth
      • 8.3.4.2.3. By Application,
      • 8.3.4.2.4. By Industry
  • 8.3.5. Australia 5G mm Wave Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Component
      • 8.3.5.2.2. By Bandwidth
      • 8.3.5.2.3. By Application,
      • 8.3.5.2.4. By Industry

9. Middle East & Africa 5G mm Wave Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Component
  • 9.2.2. By Bandwidth
  • 9.2.3. By Application,
  • 9.2.4. By Industry
  • 9.2.5. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia 5G mm Wave Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Component
      • 9.3.1.2.2. By Bandwidth
      • 9.3.1.2.3. By Application,
      • 9.3.1.2.4. By Industry
  • 9.3.2. UAE 5G mm Wave Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Component
      • 9.3.2.2.2. By Bandwidth
      • 9.3.2.2.3. By Application,
      • 9.3.2.2.4. By Industry
  • 9.3.3. South Africa 5G mm Wave Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Component
      • 9.3.3.2.2. By Bandwidth
      • 9.3.3.2.3. By Application,
      • 9.3.3.2.4. By Industry

10. South America 5G mm Wave Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Component
  • 10.2.2. By Bandwidth
  • 10.2.3. By Application,
  • 10.2.4. By Industry
  • 10.2.5. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil 5G mm Wave Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Component
      • 10.3.1.2.2. By Bandwidth
      • 10.3.1.2.3. By Application,
      • 10.3.1.2.4. By Industry
  • 10.3.2. Colombia 5G mm Wave Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Component
      • 10.3.2.2.2. By Bandwidth
      • 10.3.2.2.3. By Application,
      • 10.3.2.2.4. By Industry
  • 10.3.3. Argentina 5G mm Wave Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Component
      • 10.3.3.2.2. By Bandwidth
      • 10.3.3.2.3. By Application,
      • 10.3.3.2.4. By Industry

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global 5G mm Wave Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. NXP Semiconductors N.V.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Airspan Networks Inc.
• 15.3. AT&T Inc.
• 15.4. SoftBank Group Corp.
• 15.5. Corning Incorporated
• 15.6. Nokia Corporation
• 15.7. NTT DOCOMO, INC.
• 15.8. Huawei Technologies Co., Ltd.
• 15.9. Qualcomm Incorporated
• 15.10. Verizon Communications Inc.
• 15.11. Rakuten Mobile, Inc.
• 15.12. Samsung Electronics Co., Ltd.
• 15.13. Fujitsu Limited
• 15.14. Renesas Electronics Corporation

16. Strategic Recommendations

17. About Us & Disclaimer