Millimeter Wave Ic Market
Millimeter-Wave IC Market Forecasts to 2032 – Global Analysis By Component (Amplifiers, Oscillators, Mixers, and Phase Shifters), Communication Standard, Functional Block, Technology, Application, End User, and By Geography
According to Stratistics MRC, the Global Millimeter-Wave IC Market is accounted for $3.6 billion in 2025 and is expected to reach $12.9 billion by 2032 growing at a CAGR of 20.1% during the forecast period. Millimeter-Wave Integrated Circuits (ICs) operate in the 30–300 GHz frequency range and are used for high-speed wireless communication, radar, and imaging systems. These ICs enable ultra-fast data transmission, low-latency connectivity, and compact device integration. Commonly fabricated using GaAs, SiGe, or CMOS technologies, they power 5G networks, automotive radar, satellite links, and security scanners. Their small size and high-frequency capabilities make them essential for next-gen RF applications in telecom, defense, and consumer electronics.
Market Dynamics:
Driver:
Expansion of 5G networks
The rapid expansion of 5G networks is a primary driver for the millimeter-wave IC market. 5G requires high-frequency bands to deliver ultra-low latency, faster speeds, and massive device connectivity. Millimeter-wave ICs enable base stations, smartphones, and IoT devices to operate efficiently in these bands. As telecom operators roll out 5G globally, demand for amplifiers, oscillators, and mixers rises sharply. This expansion ensures sustained growth, positioning millimeter-wave ICs as critical components in next-generation communication infrastructure.
Restraint:
High design and fabrication complexity
Designing and fabricating millimeter-wave ICs is highly complex, posing a restraint to market growth. These ICs require advanced semiconductor processes, precise layouts, and specialized packaging to handle high frequencies. Manufacturing challenges increase costs and limit scalability, particularly for smaller players. The need for specialized expertise and equipment further slows adoption. While demand is strong, the technical barriers and high R&D expenses restrict widespread commercialization, making complexity a key hurdle for broader market penetration.
Opportunity:
Automotive radar and sensing growth
Automotive radar and sensing applications present strong opportunities for millimeter-wave ICs. Advanced driver assistance systems (ADAS) and autonomous vehicles rely on radar operating in millimeter-wave frequencies for precise object detection and collision avoidance. Growing safety regulations and consumer demand for smart mobility accelerate adoption. Millimeter-wave ICs enable high-resolution sensing, supporting innovations in adaptive cruise control, blind-spot monitoring, and emergency braking. As automotive electronics evolve, radar and sensing growth creates lucrative opportunities for IC manufacturers.
Threat:
Signal attenuation and propagation challenges
Signal attenuation and propagation challenges threaten the widespread adoption of millimeter-wave ICs. High-frequency signals face significant losses due to obstacles, weather conditions, and limited penetration through walls. These limitations reduce coverage and reliability, requiring dense infrastructure deployment. The need for advanced design solutions and costly compensatory technologies increases complexity. Without effective mitigation, attenuation issues hinder performance, slowing adoption in consumer and industrial applications. This remains a critical challenge for scaling millimeter-wave IC technologies globally.
Covid-19 Impact:
The COVID-19 pandemic disrupted semiconductor supply chains, delaying production and deployment of millimeter-wave ICs. However, rising demand for remote connectivity, cloud services, and digital infrastructure accelerated 5G rollouts, indirectly boosting adoption. While initial lockdowns slowed manufacturing, recovery was swift as telecom and automotive sectors prioritized innovation. The pandemic highlighted the importance of resilient communication systems, reinforcing millimeter-wave ICs’ role in enabling high-speed, reliable networks for post-pandemic digital transformation.
The amplifiers segment is expected to be the largest during the forecast period
The amplifiers segment is expected to account for the largest market share during the forecast period, owing to their critical role in boosting signal strength across millimeter-wave applications. They ensure reliable transmission in 5G base stations, radar systems, and satellite communications. Rising demand for high-performance amplifiers in telecom and automotive sectors reinforces their leadership. Their ability to enhance coverage and compensate for signal losses makes them indispensable, securing amplifiers as the largest segment during the forecast period.
The 5G NR mmwave segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the 5G NR mmwave segment is predicted to witness the highest growth rate, driven by global 5G deployments. Millimeter-wave ICs enable ultra-fast data transfer, low latency, and massive connectivity for smartphones, IoT devices, and industrial automation. Telecom operators are investing heavily in mmWave infrastructure, accelerating adoption. As consumer demand for high-speed connectivity grows, 5G NR mmWave applications expand rapidly, positioning this segment as the fastest-growing in the millimeter-wave IC market.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share, attributed to strong 5G rollouts, robust semiconductor manufacturing, and expanding consumer electronics demand. Countries like China, Japan, and South Korea lead in telecom infrastructure and automotive innovation, driving adoption of millimeter-wave ICs. Government initiatives supporting digital transformation and cost-effective production further reinforce regional dominance. Asia Pacific’s leadership in technology deployment secures its position as the largest contributor to the millimeter-wave IC market.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR supported by early adoption of 5G, strong R&D investments, and innovation in automotive radar and sensing. The U.S. leads in telecom infrastructure modernization, while demand for advanced driver assistance systems accelerates adoption in automotive markets. Strategic initiatives to strengthen domestic semiconductor production further boost growth. North America’s emphasis on high-performance communication and sensing technologies positions it as the fastest-growing region in the millimeter-wave IC market.
Key players in the market
Some of the key players in Millimeter-Wave IC Market include Qualcomm Incorporated, Broadcom Inc., NXP Semiconductors N.V., Infineon Technologies AG, Texas Instruments Incorporated, Analog Devices, Inc., Qorvo, Inc., Skyworks Solutions, Inc., Marvell Technology, Inc., MediaTek Inc., Renesas Electronics Corporation, Samsung Electronics Co., Ltd., Intel Corporation, STMicroelectronics N.V., Murata Manufacturing Co., Ltd., Huawei Technologies Co., Ltd., and Ampleon Netherlands B.V.
Key Developments:
In November 2025, Qualcomm Incorporated announced the launch of its latest 5G NR mmWave chipset, designed to deliver ultra-low latency and high-speed connectivity for smartphones and IoT devices. The innovation strengthens Qualcomm’s leadership in next-generation mobile communications.
In August 2025, Infineon Technologies AG launched high-performance mmWave ICs for satellite communications, offering improved signal integrity and reliability. The innovation expands Infineon’s footprint in aerospace and defense markets.
In May 2025, Qorvo, Inc. introduced next-generation mmWave amplifiers optimized for 5G base stations. The innovation improves coverage and reduces power consumption, reinforcing Qorvo’s telecom portfolio.
Components Covered:
• Amplifiers
• Oscillators
• Mixers
• Phase Shifters
Communication Standards Covered:
• 5G NR mmWave
• WiGig (IEEE 802.11ad/ay)
• Satellite Ka-Band & V-Band
Functional Blocks Covered:
• RF Front-End Ics
• Baseband Interface Ics
• Transceiver Ics
Technologies Covered:
• Complementary Metal-Oxide-Semiconductor
• Silicon-Germanium
• Gallium Arsenide
• Gallium Nitride
Applications Covered:
• 5G Communication
• Automotive Radar
• Satellite Communication
• Fixed Wireless Access
End Users Covered:
• Telecom Operators
• Automotive OEMs
• Defense & Aerospace
• Consumer Electronics Manufacturers
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Millimeter-Wave IC Market, By Component
5.1 Introduction
5.2 Amplifiers
5.3 Oscillators
5.4 Mixers
5.5 Phase Shifters
6 Global Millimeter-Wave IC Market, By Communication Standard
6.1 Introduction
6.2 5G NR mmWave
6.3 WiGig (IEEE 802.11ad/ay)
6.4 Satellite Ka-Band & V-Band
7 Global Millimeter-Wave IC Market, By Functional Block
7.1 Introduction
7.2 RF Front-End Ics
7.3 Baseband Interface Ics
7.4 Transceiver Ics
8 Global Millimeter-Wave IC Market, By Technology
8.1 Introduction
8.2 Complementary Metal-Oxide-Semiconductor
8.3 Silicon-Germanium
8.4 Gallium Arsenide
8.5 Gallium Nitride
9 Global Millimeter-Wave IC Market, By Application
9.1 Introduction
9.2 5G Communication
9.3 Automotive Radar
9.4 Satellite Communication
9.5 Fixed Wireless Access
10 Global Millimeter-Wave IC Market, By End User
10.1 Introduction
10.2 Telecom Operators
10.3 Automotive OEMs
10.4 Defense & Aerospace
10.5 Consumer Electronics Manufacturers
10.6 Other End Users
11 Global Millimeter-Wave IC Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Qualcomm Incorporated
13.2 Broadcom Inc.
13.3 NXP Semiconductors N.V.
13.4 Infineon Technologies AG
13.5 Texas Instruments Incorporated
13.6 Analog Devices, Inc.
13.7 Qorvo, Inc.
13.8 Skyworks Solutions, Inc.
13.9 Marvell Technology, Inc.
13.10 MediaTek Inc.
13.11 Renesas Electronics Corporation
13.12 Samsung Electronics Co., Ltd.
13.13 Intel Corporation
13.14 STMicroelectronics N.V.
13.15 Murata Manufacturing Co., Ltd.
13.16 Huawei Technologies Co., Ltd.
13.17 Ampleon Netherlands B.V.
List of Tables
1 Global Millimeter-Wave IC Market Outlook, By Region (2024-2032) ($MN)
2 Global Millimeter-Wave IC Market Outlook, By Component (2024-2032) ($MN)
3 Global Millimeter-Wave IC Market Outlook, By Amplifiers (2024-2032) ($MN)
4 Global Millimeter-Wave IC Market Outlook, By Oscillators (2024-2032) ($MN)
5 Global Millimeter-Wave IC Market Outlook, By Mixers (2024-2032) ($MN)
6 Global Millimeter-Wave IC Market Outlook, By Phase Shifters (2024-2032) ($MN)
7 Global Millimeter-Wave IC Market Outlook, By Communication Standard (2024-2032) ($MN)
8 Global Millimeter-Wave IC Market Outlook, By 5G NR mmWave (2024-2032) ($MN)
9 Global Millimeter-Wave IC Market Outlook, By WiGig (IEEE 802.11ad/ay) (2024-2032) ($MN)
10 Global Millimeter-Wave IC Market Outlook, By Satellite Ka-Band & V-Band (2024-2032) ($MN)
11 Global Millimeter-Wave IC Market Outlook, By Functional Block (2024-2032) ($MN)
12 Global Millimeter-Wave IC Market Outlook, By RF Front-End Ics (2024-2032) ($MN)
13 Global Millimeter-Wave IC Market Outlook, By Baseband Interface Ics (2024-2032) ($MN)
14 Global Millimeter-Wave IC Market Outlook, By Transceiver Ics (2024-2032) ($MN)
15 Global Millimeter-Wave IC Market Outlook, By Technology (2024-2032) ($MN)
16 Global Millimeter-Wave IC Market Outlook, By Complementary Metal-Oxide-Semiconductor (2024-2032) ($MN)
17 Global Millimeter-Wave IC Market Outlook, By Silicon-Germanium (2024-2032) ($MN)
18 Global Millimeter-Wave IC Market Outlook, By Gallium Arsenide (2024-2032) ($MN)
19 Global Millimeter-Wave IC Market Outlook, By Gallium Nitride (2024-2032) ($MN)
20 Global Millimeter-Wave IC Market Outlook, By Application (2024-2032) ($MN)
21 Global Millimeter-Wave IC Market Outlook, By 5G Communication (2024-2032) ($MN)
22 Global Millimeter-Wave IC Market Outlook, By Automotive Radar (2024-2032) ($MN)
23 Global Millimeter-Wave IC Market Outlook, By Satellite Communication (2024-2032) ($MN)
24 Global Millimeter-Wave IC Market Outlook, By Fixed Wireless Access (2024-2032) ($MN)
25 Global Millimeter-Wave IC Market Outlook, By End User (2024-2032) ($MN)
26 Global Millimeter-Wave IC Market Outlook, By Telecom Operators (2024-2032) ($MN)
27 Global Millimeter-Wave IC Market Outlook, By Automotive OEMs (2024-2032) ($MN)
28 Global Millimeter-Wave IC Market Outlook, By Defense & Aerospace (2024-2032) ($MN)
29 Global Millimeter-Wave IC Market Outlook, By Consumer Electronics Manufacturers (2024-2032) ($MN)
30 Global Millimeter-Wave IC Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We offer complimentary customization of up to 15% with every purchase. To share your customization requirements, feel free to email us at info@strategymrc.com or call us on +1-301-202-5929. .
Please Note: Customization within the 15% threshold is entirely free of charge. If your request exceeds this limit, we will conduct a feasibility assessment. Following that, a detailed quote and timeline will be provided.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
