How the Burgeoning Innovation in Radar and Security Applications is Accentuating Millimeter Wave Technology Market?

The factors such as the introduction of advanced MMW technology by the market leader, surging internet penetration, burgeoning innovation in radar and security application, and rising government funding to enhance telecom infrastructural are augmenting the market growth. The rollout of 5G and high investment toward 5G infrastructure is the primary factor for the astronomical market growth.

Global Millimeter Wave Technology Market is likely to grow at a CAGR of 36% during 2021-26. The escalating need for high-speed network & higher bandwidth, soaring application of MMW technology in military & aerospace, and mounting R&D activities are the crucial factors accelerating the market growth.

Based on License Type, Fully Licensed would register an astronomical growth in the coming years due to robust growth in smartphone users and snowballing adoption of fully licensed technology by the telecom sector. Moreover, Unlicensed Frequency captured the highest market share in 2019 as it is highly affordable and connects several IoT devices.


North America accounted for the largest market share in 2019 due to escalating government funding for 5G development and increasing demand for autonomous vehicles. The US dominated the North American region owing to burgeoning connected devices such as smartphones, wearable & tablets, the sturdy footing of giant market leaders, and expanding web traffic.

Asia-pacific may register the fastest growth during 2021-26 owing to bolstering investment to enhance digital infrastructure and accelerating adoption of IoT devices in the enterprise. India can witness significant growth due to the surging smartphone users because of soaring internet penetration and the emergence of 5G telecommunications technology.

The key industry leaders in the Global Millimeter Wave Technology market are Aviat Networks, Inc., NEC Corporation, Siklu Communication Ltd., Eravant (Sage Millimeter, Inc.), Cablefree: Wireless Excellence, E-Band Communications, Llc, Farran Technology, Trex Enterprises Corporation, Lightpointe Communications, Inc., Millitech, Inc., Bridgewave Communications, QuinStar Technology, Inc., etc.

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