Mmwave 5g Market

Mmwave 5g Market

mmWave 5G Market Forecasts to 2030 - Global Analysis By Product (Radar & Satellite Communication Systems, Scanning Systems, Telecommunication Equipment and Other Products), Component (Hardware, Solutions and Services), Use Case, License, Bandwidth, Application, End User and By Geography

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4.4 (29 reviews)
Published: 2023 ID: SMRC23298

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $3.12 BN

Projected Year Value (2030)

US $8.99 BN

CAGR (2023 - 2030)


Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

North America

According to Stratistics MRC, the Global mmWave 5G Market is accounted for $ 3.12 billion in 2023 and is expected to reach $ 8.99 billion by 2030 growing at a CAGR of 16.3% during the forecast period. The short-range, high-frequency network technology known as mmWave, or "millimetre wave," is a prime instance of 5G's possibilities. mmWave 5G has the potential to improve the next-generation wireless communication. Since mmWave operates at a higher frequency, it can cover a smaller area with more capacity and bandwidth. Shopping malls, crowded inner-city train stations, and even stadiums are perfect locations for mmWave cells since they can send a signal up to a few hundred meters from the base station.

According to a mobility report, the Federal Communications Commission (FCC) has opened up nearly 11GHz of the mmWave spectrum for mobile broadband, which intends to support 5G cellular systems and wireless LANs.

Market Dynamics:


Raising demand for 5 eMBB

The implementation of 5G mmWave spectrum will boost the amount of accessible capacity in mobile networks. In order to deliver high-speed broadband into homes and companies, it will support the 5G FWA service. Use cases for 5G eMBB include hotspots, internet availability everywhere, smart offices, large-scale events, and improved multimedia. New applications like 8K video streaming and fully immersive VR and AR will be made possible by eMBB. Additionally, operators will be able to size capacity to meet certain needs like high uplink capacity. The market demand is being fuelled by all of the preceding variables.


Exorbitant deployment costs

Carriers must set up several tiny cells in dense areas in order to maximize 5G mmWave coverage. As a result, scaling up the deployment of mmWave networks is more expensive. They are not ideal for suburban and rural regions because to their range restrictions. Widespread mmWave 5G network implementation will need a significant amount of underground fiber cable construction. This prevents the sector from expanding and forces carriers to rely on the current network infrastructure.


Growing popularity of smart devices

Mobile data traffic has rapidly increased, creating new opportunities for mobile service providers as a result of the development of wireless data applications and the adoption of smart gadgets. Further economic expansion and new use cases in industries including smart grids, energy, smart manufacturing, autonomous vehicles, logistics, public safety, and many other sectors are anticipated to be made possible by 5G. The introduction of 5G with a strong network accelerated the market expansion.


Poor penetration and connectivity

Real-world mmWave signals travel relatively short distances, and their network speeds vary greatly depending on range, signal blockers, and proximity to the nearest 5G tower or small cell. Carriers must construct several tiny cells in dense configurations to optimize coverage, which raises the cost of mmWave network deployment at scale. Despite being extremely fast, mmWave 5G networks require users to be within a few blocks of a 5G tower with no Line-of-Sight (LOS) impediments in order to receive mmWave signals. The possibility for mmWave 5G in the near future has been hampered as a result, raising some worries.

Covid-19 Impact

Due to the economic devastation caused by the global quarantine implemented in reaction to the COVID-19 breakout, almost every business is in chaos. Businesses were compelled to make challenging financial and cost-cutting decisions in the wake of the SARS-CoV-2 outbreak in order to maintain the flow of products. COVID-19 has had a significant influence on connectivity trends, mobile technology use cases, and the prospects for 5G deployment and acceptance. The COVID-19 problem has significantly altered the world economy and caused several regional and international 5G mmWave technology market activities to be interrupted.

The enhanced mobile broadband (eMBB) segment is expected to be the largest during the forecast period

The enhanced mobile broadband (eMBB) segment is estimated to have a lucrative growth. One of the key components of 5G services is eMBB, which focuses on the high end-user data speed and system capacity. By allowing various business purposes, this will affect how the end user interacts with the system. When there is a huge volume of data traffic, eMBB offers high-bandwidth connections to numerous users in smart workplaces. In settings with a large number of users, it allows for high data rates. Mobile TV, real-time content, and continuous, high-definition video streaming are all features that eMBB can offer, which is what is causing the category to flourish.

The AR/VR segment is expected to have the highest CAGR during the forecast period

The AR/VR segment is anticipated to witness the fastest CAGR growth during the forecast period. The next generation of mobile networks, 5G, has many advantages for AR and VR. 5G can offer more immersive and engaging AR/VR experiences because of its increased bandwidth and decreased latency. Rapid internet connections are necessary for AR/VR technologies to be effectively adapted to the economy, business, and daily life. AR/VR apps can offer real-time experiences without latency, jitter, or buffering over the mmWave 5G network, which may improve the user experience. Thus, the expansion of the segment is being fuelled by these advantages.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. The US and Canada are the leading countries in the region. These countries have sustainable and well-established economic growth. This region has the presence of key market players such as AT&T, Verizon, Sprint and T-Mobile and they are planning to install the mmWave 5G to offer seamless connectivity to their end users there is large-scale technological adoption by the people in the region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. The top countries contributing to the mmWave 5G market in this region include the US and Canada. These countries are empowering the well established leaders to increasingly invest in R&D activities, thereby contributing to the development of mmwave 5G market. Many major IT and telecom companies are based in the US and have invested heavily in setting up wireless communication facilities that handle heavy digital traffic across the globe. The high investments and advancements are fuelling the market growth in the region.

Key players in the market

Some of the key players profiled in the mmWave 5G Market include Alcan Systems, Ericsson, Aviat Networks Inc, Fastweb, Airspan Networks, Fujitsu, Huawei, Keysight Technologies, JMA Wireless, Movandi, Mavenir, Nokia, NXP Semiconductors, NTT Docomo, Pharrowtech, Pivotal Commware, Rakuten Mobile, Qualcomm, Samsung and Softbank.

Key Developments:

In February 2022, Fastweb and Qualcomm Technologies collaborated to commercialize mmWave 5G services in Italy using snapdragon X65 and X62, which will have access to residential and commercial customers.

In January 2022, Nokia and SK telecom collaborated on a new wireless-based virtualized RAN network in Korea. It has a large-capacity computing flexible network and performs better than the previous versions.

Products Covered:
• Radar & Satellite Communication Systems
• Scanning Systems
• Telecommunication Equipment
• Other Products

Components Covered:
• Hardware
• Solutions
• Services

Use Cases Covered:
• Fixed Wireless Access (FWA)
• Enhanced Mobile Broadband (eMBB)
• Ultra-Reliable & Low Latency Communications (URLLC)
• Massive Machine-Type Communications (mMTC)

Licenses Covered:
• Light Licensed Frequency Millimetre Wave
• Fully Licensed Frequency Millimetre Wave
• Unlicensed Frequency Millimetre Wave

Bandwidths Covered:
• 24ghz to 57ghz
• 57ghz to 95ghz
• 95ghz to 300ghz

Applications Covered:
• Industry 4.0
• Real-time Surveillance Cameras
• Live Streaming
• Transport Connectivity
• Ultra-High-Definition Video
• Other Applications

End Users Covered:
• Consumer Commercial
• Healthcare
• Mobile Telecom
• Automotive Transportation
• Industrial
• Imaging

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 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 2021, 2022, 2023, 2026, and 2030
- 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 Product 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 mmWave 5G Market, By Product
5.1 Introduction
5.2 Radar & Satellite Communication Systems
5.3 Scanning Systems
5.4 Telecommunication Equipment
5.5 Other Products

6 Global mmWave 5G Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Communication & Networking Components
6.2.2 Antennas & Transceiver Components
6.2.3 Frequency Sources & Related Components
6.2.4 RF & Radio Components
6.2.5 Power & Battery Components
6.2.6 Sensors & Controls
6.3 Solutions
6.4 Services
6.4.1 Consulting
6.4.2 Professional Services
6.4.3 Managed Services
6.4.4 Development & Integration
6.4.5 Support & Maintenance

7 Global mmWave 5G Market, By Use Case
7.1 Introduction
7.2 Fixed Wireless Access (FWA)
7.3 Enhanced Mobile Broadband (eMBB)
7.4 Ultra-Reliable & Low Latency Communications (URLLC)
7.5 Massive Machine-Type Communications (mMTC)

8 Global mmWave 5G Market, By License
8.1 Introduction
8.2 Light Licensed Frequency Millimetre Wave
8.3 Fully Licensed Frequency Millimetre Wave
8.4 Unlicensed Frequency Millimetre Wave

9 Global mmWave 5G Market, By Bandwidth
9.1 Introduction
9.2 24ghz to 57ghz
9.3 57ghz to 95ghz
9.4 95ghz to 300ghz

10 Global mmWave 5G Market, By Application
10.1 Introduction
10.2 AR/VR
10.3 Industry 4.0
10.4 Real-time Surveillance Cameras
10.5 Live Streaming
10.6 Transport Connectivity
10.7 Ultra-High-Definition Video
10.8 Other Applications

11 Global mmWave 5G Market, By End User
11.1 Introduction
11.2 Consumer Commercial
11.3 Healthcare
11.4 Mobile Telecom
11.5 Automotive Transportation
11.6 Industrial
11.7 Imaging

12 Global mmWave 5G Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa

13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies

14 Company Profiling
14.1 Alcan Systems
14.2 Ericsson
14.3 Aviat Networks Inc
14.4 Fastweb
14.5 Airspan Networks
14.6 Fujitsu
14.7 Huawei
14.8 Keysight Technologies
14.9 JMA Wireless
14.10 Movandi
14.11 Mavenir
14.12 Nokia
14.13 NXP Semiconductors
14.14 NTT Docomo
14.15 Pharrowtech
14.16 Pivotal Commware
14.17 Rakuten Mobile
14.18 Qualcomm
14.19 Samsung
14.20 Softbank

List of Tables
1 Global mmWave 5G Market Outlook, By Region (2021-2030) ($MN)
2 Global mmWave 5G Market Outlook, By Product (2021-2030) ($MN)
3 Global mmWave 5G Market Outlook, By Radar & Satellite Communication Systems (2021-2030) ($MN)
4 Global mmWave 5G Market Outlook, By Scanning Systems (2021-2030) ($MN)
5 Global mmWave 5G Market Outlook, By Telecommunication Equipment (2021-2030) ($MN)
6 Global mmWave 5G Market Outlook, By Other Products (2021-2030) ($MN)
7 Global mmWave 5G Market Outlook, By Component (2021-2030) ($MN)
8 Global mmWave 5G Market Outlook, By Hardware (2021-2030) ($MN)
9 Global mmWave 5G Market Outlook, By Communication & Networking Components (2021-2030) ($MN)
10 Global mmWave 5G Market Outlook, By Antennas & Transceiver Components (2021-2030) ($MN)
11 Global mmWave 5G Market Outlook, By Frequency Sources & Related Components (2021-2030) ($MN)
12 Global mmWave 5G Market Outlook, By RF & Radio Components (2021-2030) ($MN)
13 Global mmWave 5G Market Outlook, By Power & Battery Components (2021-2030) ($MN)
14 Global mmWave 5G Market Outlook, By Sensors & Controls (2021-2030) ($MN)
15 Global mmWave 5G Market Outlook, By Solutions (2021-2030) ($MN)
16 Global mmWave 5G Market Outlook, By Services (2021-2030) ($MN)
17 Global mmWave 5G Market Outlook, By Consulting (2021-2030) ($MN)
18 Global mmWave 5G Market Outlook, By Professional Services (2021-2030) ($MN)
19 Global mmWave 5G Market Outlook, By Managed Services (2021-2030) ($MN)
20 Global mmWave 5G Market Outlook, By Development & Integration (2021-2030) ($MN)
21 Global mmWave 5G Market Outlook, By Support & Maintenance (2021-2030) ($MN)
22 Global mmWave 5G Market Outlook, By Use Case (2021-2030) ($MN)
23 Global mmWave 5G Market Outlook, By Fixed Wireless Access (FWA) (2021-2030) ($MN)
24 Global mmWave 5G Market Outlook, By Enhanced Mobile Broadband (eMBB) (2021-2030) ($MN)
25 Global mmWave 5G Market Outlook, By Ultra-Reliable & Low Latency Communications (URLLC) (2021-2030) ($MN)
26 Global mmWave 5G Market Outlook, By Massive Machine-Type Communications (mMTC) (2021-2030) ($MN)
27 Global mmWave 5G Market Outlook, By License (2021-2030) ($MN)
28 Global mmWave 5G Market Outlook, By Light Licensed Frequency Millimetre Wave (2021-2030) ($MN)
29 Global mmWave 5G Market Outlook, By Fully Licensed Frequency Millimetre Wave (2021-2030) ($MN)
30 Global mmWave 5G Market Outlook, By Unlicensed Frequency Millimetre Wave (2021-2030) ($MN)
31 Global mmWave 5G Market Outlook, By Bandwidth (2021-2030) ($MN)
32 Global mmWave 5G Market Outlook, By 24ghz to 57ghz (2021-2030) ($MN)
33 Global mmWave 5G Market Outlook, By 57ghz to 95ghz (2021-2030) ($MN)
34 Global mmWave 5G Market Outlook, By 95ghz to 300ghz (2021-2030) ($MN)
35 Global mmWave 5G Market Outlook, By Application (2021-2030) ($MN)
36 Global mmWave 5G Market Outlook, By AR/VR (2021-2030) ($MN)
37 Global mmWave 5G Market Outlook, By Industry 4.0 (2021-2030) ($MN)
38 Global mmWave 5G Market Outlook, By Real-time Surveillance Cameras (2021-2030) ($MN)
39 Global mmWave 5G Market Outlook, By Live Streaming (2021-2030) ($MN)
40 Global mmWave 5G Market Outlook, By Transport Connectivity (2021-2030) ($MN)
41 Global mmWave 5G Market Outlook, By Ultra-High-Definition Video (2021-2030) ($MN)
42 Global mmWave 5G Market Outlook, By Other Applications (2021-2030) ($MN)
43 Global mmWave 5G Market Outlook, By End User (2021-2030) ($MN)
44 Global mmWave 5G Market Outlook, By Consumer Commercial (2021-2030) ($MN)
45 Global mmWave 5G Market Outlook, By Healthcare (2021-2030) ($MN)
46 Global mmWave 5G Market Outlook, By Mobile Telecom (2021-2030) ($MN)
47 Global mmWave 5G Market Outlook, By Automotive Transportation (2021-2030) ($MN)
48 Global mmWave 5G Market Outlook, By Industrial (2021-2030) ($MN)
49 Global mmWave 5G Market Outlook, By Imaging (2021-2030) ($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

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