mmWave 5G Market Report 2026

mmWave 5G Market Overview

• mmWave 5G market size has reached to $3.84 billion in 2025 • Expected to grow to $7.46 billion in 2030 at a compound annual growth rate (CAGR) of 14% • Growth Driver: Mmwave 5G Market Surges With The Rapid Digitalization Of Enterprises • Market Trend: Telefónica, Ericsson, and Qualcomm Launch First Commercial 5G mmWave Network • North America was the largest region in 2025.

What Is Covered Under mmWave 5G Market?

Mmwave 5G refers to millimeter waves that are frequencies beginning at 24 GHz and above, often known as mmWaves or high-band 5G. Millimeter wave (mmWave) frequency bands above 24 GHz can deliver extreme capacity, ultra-high throughput, and ultra-low latency. 5G networks allow for faster data speeds and much higher bandwidth. The main components of mmwave 5G are hardware, solutions, and services. Hardware refers to the physical part of computers that are used in mmWave 5G such as array antenna systems and other components that are needed for the network. The bandwidth includes 24GHz to 57GHz, 57GHz to 95GHz, and 95GHz to 300GHz used for eMBB, FWA, mMTC, URLLC that are used in various applications such as real-time surveillance cameras, AR and VR, industry 4.0, live streaming, transport connectivity, ultra-high-definition video, and others and different end users such as aerospace and defense, telecom, media and entertainment, automotive and transportation, public safety, healthcare, and life sciences, and others.

What Is The mmWave 5G Market Growth Forecast?

The mmwave 5G market size is expected to see rapid growth in the next few years. It will grow to $7.46 billion in 2030 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to smart city infrastructure expansion, adoption of autonomous vehicles, growth of ar and vr applications, industrial automation demand, increasing investments by telecom operators. Major trends in the forecast period include high frequency small cell deployments, expansion of fixed wireless access, ultra low latency network applications, dense urban mmwave network rollouts, integration with edge computing platforms.

Global mmWave 5G Market Segmentation

1) By Component: Hardware, Solutions, Services 2) By Bandwidth: 24GHz to 57GHz, 57GHz to 95GHz, 95GHz to 300GHz 3) By Use Case: eMBB, FWA, mMTC, URLLC 4) By Application: Real-time Surveillance Cameras, AR and VR, Industry 4.0, Live Streaming, Transport Connectivity, Ultra High-definition Video, Other Applications 5) By End User: Aerospace and Defense, Telecom, Media and Entertainment, Automotive and Transportation, Public Safety, Healthcare and Life Sciences, Other End Users Subsegments: 1) By Hardware: Antennas, Radio Frequency (RF) Components, mmWave Transceivers, Network Routers 2) By Solutions: Network Management Solutions, mmWave Spectrum Solutions, Edge Computing Solutions, Cloud-based Solutions 3) By Services: Consulting Services, Network Deployment Services, Maintenance and Support Services, Training and Education Services

What Is The Driver Of The mmWave 5G Market?

The rapid digitalization of enterprises is expected to propel the growth of the mmWave 5G market going forward. Digitalization refers to integrating digital technologies into business. Businesses are transforming their processes to improve revenues, which is also called digital transformation. The mmWave 5G technology offers high internet speeds, enabling and facilitating data transfer for businesses. For instance, in May 2023, according to the report published by the Commonwealth Scientific and Industrial Research Organization (CSIRO), an Australia-based government agency, 68% of businesses in Australia have already adopted artificial intelligence (AI) technologies, while an additional 23% intend to implement them within the next year. Therefore, the rapid digitalization of enterprises is driving the growth of the mmWave 5G industry.

Key Players In The Global mmWave 5G Market

Major companies operating in the mmwave 5G market are Samsung Electronics Co Ltd.; Verizon Communications Inc.; AT&T Inc.; Huawei Technologies Co Ltd.; Intel Corporation; Qualcomm Incorporated; NEC Corporation; Nokia Corporation; Telefonaktiebolaget LM Ericsson; ZTE Corporation; NXP Semiconductors N.V.; Analog Devices Inc.; Microchip Technology Inc.; Skyworks Solutions Inc.; Keysight Technologies Inc.; Qorvo Inc.; Rohde & Schwarz GmbH & Co KG; Viavi Solutions Inc.; Xilinx Inc.; MACOM Technology Solutions Holdings Inc.; ADVA Optical Networking SE; Ceragon Networks Ltd.; Casa Systems Inc.; Inseego Corp; Airspan Networks Holdings Inc.; Anokiwave Inc.; Akoustis Technologies Inc.; Movandi Corporation; Cohere Technologies Inc.; E-Band Communications LLC

Global mmWave 5G Market Trends and Insights

Major companies operating in the mmWave 5G market are entering into strategic partnerships to strengthen their position in the market. Strategic partnerships drive collaboration, accelerate tech development, and strengthen the mmWave 5G market. For Instance, in February 2023, Telefónica S.A, a Spain-based Telecommunications company, Ericsson, a Sweden-based Telecommunications company, and Qualcomm Inc., a US-based multinational corporation, have jointly launched the first commercial mobile 5G millimeter wave (mmWave) network. This deployment represents a significant milestone in the advancement of 5G technology, particularly the use of mmWave spectrum, which enables high-speed, low-latency connectivity for a wide range of applications. The introduction of 5G mmWave networks is a key step in realizing the full potential of 5G technology, offering enhanced capacity and performance to support the growing demand for high-bandwidth services and applications.

What Are Latest Mergers And Acquisitions In The mmWave 5G Market?

In November 2023, Airspan Networks Holdings Inc., a US-based provider of mmWave 5G solutions partnered with with Prospecta Utilities. This collaboration focuses on deploying a cutting-edge 5G mmWave fixed wireless access (FWA) network across Australia. The initiative aims to significantly enhance connectivity for both citizens and enterprises, transforming communication methods throughout the region. Prospecta Utilities is an Australia-based provider of multiservice infrastructure solutions.

Regional Insights

North America was the largest region in the mmWave 5G market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the mmWave 5G Market?

The mmWave 5G market consists of revenues earned by entities by providing mmWave 5G services such as professional services, consulting, development and integration, support and maintenance, and managed services. The market value includes the value of related goods sold by the service provider or included within the service offering. The mm-wave 5G market also includes sales of antennas and transceiver components, communication and networking components, frequency, and sources, RF and radio components, and other used in providing 5G services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The IT market is segmented into IT services; computer hardware; telecom and software products.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the mmWave 5G Market Report 2026?

The mmwave 5g market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the mmwave 5g industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.