5G Mmwave Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

5G Mm Wave Market Report is Segmented by Components Type (Antennas and Transceiver, Communications and Networking, Interface, Frequency and Related Components, and Imaging), by Product (Radar and Satellite Communication System, Scanning System, and Telecommunication Equipment), by Bandwidth (24ghz To 57ghz, 57ghz To 95ghz, and 95ghz To 300ghz), by Application (Real-Time Surveillance Cameras, Augmented Reality/Virtual Reality, Industry 4. 0, Ultra High-Definition Video, Transport Connectivity, and Live Streaming), by Use-Case (Fixed Wireless Access (FWA), Enhanced Mobile Broadband, Massive-Machine-Type Communications, and Ultra Reliable and Low-Latency Communications), by End-User Industry (Aerospace and Defense, Telecommunication, Automotive and Transportation, Healthcare and Life Sciences, Public Safety, and Media and Entertainment), by Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Ab

5G Mmwave Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

5G MmWave Market Size

5G MmWave Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 44.26 Billion
Market Size (2030) USD 137.93 Billion
CAGR (2025 - 2030) 25.52 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

5G MmWave Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of 5G MmWave Market with other markets in Technology, Media and Telecom Industry

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Security & Surveillance

5G MmWave Market Analysis

The 5G MmWave Market size is estimated at USD 44.26 billion in 2025, and is expected to reach USD 137.93 billion by 2030, at a CAGR of 25.52% during the forecast period (2025-2030).

  • Many countries are leveraging the 5G mmWave spectrum to enhance low and mid-band 5G connectivity. This advancement paves the way for smart city services, such as intelligent traffic management and energy-efficient buildings. Additionally, it supports advanced medical applications like remote surgery and real-time patient monitoring, as well as industrial applications that demand low latency, including automated manufacturing and precision agriculture.
  • The low latency features of 5G mmWave technology will enhance surveillance, elevate video streaming and broadcasts, and enrich AR/VR experiences for online gaming. Furthermore, these advancements will play a pivotal role in the evolution of the 5G smart factory. Positioned within the broader context of Industry 4.0, the emergence of the 5G smart factory is set to not only expedite the rollout of 5G technology but also generate a significant number of jobs, heralding a new and promising era of technological progress.
  • Driving the expansion of the 5G mmWave market are factors such as progress in 6G development, bolstered security measures, initiatives for rural connectivity, collaborations across industries, and active research in quantum communication. During the forecast period, notable trends include the adoption of mmWave 5G in autonomous vehicles, the evolution of smart infrastructure and grids, the application of 5G in agriculture, and the growth of enhanced fixed wireless access (FWA).
  • In November 2024, the Centre for Development of Telematics (C-DOT), the premier telecom R&D center under the Department of Telecommunications (DoT) of the Government of India, inked a deal with the Indian Institute of Technology Roorkee (IIT Roorkee) to develop a 'Millimeter Wave Transceiver for 5G Rural Connectivity'. This agreement falls under the Telecom Technology Development Fund (TTDF) scheme, also managed by the Department of Telecommunications, Government of India. The TTDF scheme is pivotal in funding Indian startups, academic institutions, and R&D entities.
  • However, the rollout of 5G mmWave technology incurs significant deployment costs. To effectively cover areas, carriers must invest heavily in installing a dense network of small cells. This challenge is intensified by mmWave's limited coverage range and its requirement for a direct line of sight.

5G MmWave Industry Overview

The 5G mmWave market is characterized by fragmentation, with key players including Samsung, AT&T Inc., Huawei, Qualcomm, NEC, and Nokia Corporation, among others. These market players are leveraging strategies like acquisitions, product launches, and partnerships to bolster their offerings and secure a competitive edge.

In summary, the 5G mmWave market is poised for substantial growth driven by technological advancements, increased adoption across various industries, and significant investments in infrastructure development. As these trends continue to evolve, the market will likely expand rapidly over the next decade.

5G MmWave Market Leaders

  1. Qualcomm

  2. Ericsson

  3. Verizon

  4. Huawei

  5. NXP Semiconductors

  6. *Disclaimer: Major Players sorted in no particular order
5G MmWave Market Concentration
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5G MmWave Market News

  • October 2024: Vodafone, Qualcomm Technologies Inc., and Ericsson have successfully showcased the advantages of Millimetre wave (mmWave) technology through two trials in the UK. These trials not only highlighted enhanced data upload capabilities but also explored diverse applications. Beyond traditional home broadband, the elevated upload speeds present an opportunity for media companies. They can now wirelessly connect cameras and broadcasting equipment, offering a more cost-effective and flexible solution for covering events that were previously deemed unfeasible.
  • February 2024: Nokia has unveiled a 5G outdoor fixed wireless access receiver aimed at boosting broadband coverage across urban, suburban, and rural locales. This outdoor receiver empowers operators to leverage the cost-effective mmWave spectrum, delivering consistent and ultra-fast wireless broadband services in regions where fiber deployment poses challenges. Notably, the receiver can craft a digital fingerprint of available radio signals, swiftly detecting changes and toggling between signal sources to uphold the optimal connection between the base station and the receiver.

5G MmWave Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Consumers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Need to Provide consumer-based eMBB in high-capacity areas
    • 5.1.2 Demand for Mobile Data Services
  • 5.2 Market Restraints
    • 5.2.1 High Cost of Deployment

6. MARKET SEGMENTATION

  • 6.1 By Components Type
    • 6.1.1 Antennas and Transceiver
    • 6.1.2 Communications and Networking
    • 6.1.3 Interface
    • 6.1.4 Frequency and Related Components
    • 6.1.5 Imaging
    • 6.1.6 Other Components
  • 6.2 By Product
    • 6.2.1 Radar and Satellite Communication Syatem
    • 6.2.2 Scanning System
    • 6.2.3 Telecommunication Equipment
    • 6.2.4 Others
  • 6.3 By Bandwidth
    • 6.3.1 24ghz to 57ghz
    • 6.3.2 57ghz to 95ghz
    • 6.3.3 95ghz to 300ghz
  • 6.4 By Application
    • 6.4.1 Real-time Survillience Cameras
    • 6.4.2 Augmented Reality/Virtual Reality
    • 6.4.3 Industry 4.0
    • 6.4.4 Ultra High-Definition Video
    • 6.4.5 Transport Connectivity
    • 6.4.6 Live Streaming
    • 6.4.7 Others
  • 6.5 By Use-Case
    • 6.5.1 Fixed Wireless Access (FWA)
    • 6.5.2 Enhanced Mobile Broadband
    • 6.5.3 Massive-Machine-Type Communications
    • 6.5.4 Ultra Reliable and Low-Latency Communications
  • 6.6 By End-User Industry
    • 6.6.1 Aerospace and Defense
    • 6.6.2 Telecommunication
    • 6.6.3 Automotive and Transportation
    • 6.6.4 Healthcare and Life Sciences
    • 6.6.5 Public Safety
    • 6.6.6 Media and Entertainment
  • 6.7 ***By Geography
    • 6.7.1 North America
    • 6.7.2 Europe
    • 6.7.3 Asia
    • 6.7.4 Australia and New Zealand
    • 6.7.5 Latin America
    • 6.7.6 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 Qualcomm
    • 7.1.2 Ericsson
    • 7.1.3 Verizon
    • 7.1.4 Huawei
    • 7.1.5 NXP Semiconductors
    • 7.1.6 NEC Corporation
    • 7.1.7 L3 HarrisTechnologies, Inc.
    • 7.1.8 Nokia
    • 7.1.9 AT&T
    • 7.1.10 FASTWEB S.p.A.
    • 7.1.11 Fujitsu
    • 7.1.12 Samsung
    • 7.1.13 Corning
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
*** In the Final Report Asia, Australia and New Zealand will be Studied Together as 'Asia Pacific'.
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5G MmWave Industry Segmentation

5G mmWave, short for millimeter-wave, represents the elevated radio frequency spectrum that 5G technology utilizes, surpassing the frequencies used by 4G. This advanced frequency range enables 5G mmWave to deliver high capacity, rapid data throughput, and minimal latency.

5g mm wave market is segmented by components type (antennas and transceiver, communications and networking, interface, frequency and related components, and imaging), by product (radar and satellite communication system, scanning system, and telecommunication equipment), by bandwidth (24ghz to 57ghz, 57ghz to 95ghz, and 95ghz to 300ghz), by application (real-time surveillance cameras, augmented reality/virtual reality, industry 4.0, ultra high-definition video, transport connectivity, and live streaming), by use-case (fixed wireless access (FWA), enhanced mobile broadband, massive-machine-type communications, and ultra reliable and low-latency communications), by end-user industry (aerospace and defense, telecommunication, automotive and transportation, healthcare and life sciences, public safety, and media and entertainment), by geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Components Type Antennas and Transceiver
Communications and Networking
Interface
Frequency and Related Components
Imaging
Other Components
By Product Radar and Satellite Communication Syatem
Scanning System
Telecommunication Equipment
Others
By Bandwidth 24ghz to 57ghz
57ghz to 95ghz
95ghz to 300ghz
By Application Real-time Survillience Cameras
Augmented Reality/Virtual Reality
Industry 4.0
Ultra High-Definition Video
Transport Connectivity
Live Streaming
Others
By Use-Case Fixed Wireless Access (FWA)
Enhanced Mobile Broadband
Massive-Machine-Type Communications
Ultra Reliable and Low-Latency Communications
By End-User Industry Aerospace and Defense
Telecommunication
Automotive and Transportation
Healthcare and Life Sciences
Public Safety
Media and Entertainment
***By Geography North America
Europe
Asia
Australia and New Zealand
Latin America
Middle East and Africa
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5G MmWave Market Research FAQs

How big is the 5G MmWave Market?

The 5G MmWave Market size is expected to reach USD 44.26 billion in 2025 and grow at a CAGR of 25.52% to reach USD 137.93 billion by 2030.

What is the current 5G MmWave Market size?

In 2025, the 5G MmWave Market size is expected to reach USD 44.26 billion.

Who are the key players in 5G MmWave Market?

Qualcomm, Ericsson, Verizon, Huawei and NXP Semiconductors are the major companies operating in the 5G MmWave Market.

Which is the fastest growing region in 5G MmWave Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in 5G MmWave Market?

In 2025, the North America accounts for the largest market share in 5G MmWave Market.

What years does this 5G MmWave Market cover, and what was the market size in 2024?

In 2024, the 5G MmWave Market size was estimated at USD 32.96 billion. The report covers the 5G MmWave Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the 5G MmWave Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

5G MmWave Industry Report

Statistics for the 2025 5G MmWave market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. 5G MmWave analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.