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Aviat Networks holds a significant market share in the millimeter wave technology industry. It is a global provider of wireless transmission solutions including millimeter wave technology. It offers innovative microwave & millimeter wave products for mission-critical applications in telecommunications, government, and utilities. Aviat focuses on enabling high-performance communication networks, emphasizing reliability and efficiency in wireless connectivity solutions.
Major players, such as Aviat Networks, Bridgewave Communications Inc., Cambium Networks, Siklu Communication Ltd., are constantly implementing strategic measures, such as geographical expansion, acquisition, mergers, collaborations, partnerships, and product or service launches, to gain market shares.
Major companies operating in the millimeter wave technology industry are:
The communications and networking segment accounted for over 20% of the market share in 2023, favored by faster data transfer rates.
The market size of millimeter wave technology reached USD 3 million in 2023 and is set to grow at 20% CAGR between 2024 and 2032, propelled by its capacity for high-speed and low-latency communication.
Aviat Networks, Smiths Interconnect Group Limited, Axxcss Wireless Solutions, Bridgewave Communications Inc., Cambium Networks, Ducommun Incorporated, E-band Communications LLC, Eravant (SAGE Millimeter Inc.), Farran Technology Ltd., Keysight Technologies Inc., Kyocera Corporation, L3Harris Technologies Inc., Millimeter Wave Products Inc., NEC Corporation and Siklu Communication Ltd.
North America held over 30% of the market share in 2023, attributed to the rapid rollout of 5G infrastructure and significant investments by major telecom operators.