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Telecom Millimeter Wave Technology Market Size By Component, By Frequency Band, By Licensing Model, By End Use, Growth Forecast 2025 – 2034
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Telecom Millimeter Wave Technology Market
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Base Year: 2024
Companies covered: 20
Tables & Figures: 200
Countries covered: 23
Pages: 180
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Telecom Millimeter Wave Technology Market Size
The global telecom millimeter wave technology market was valued at USD 1.5 billion in 2024 and is estimated to register a CAGR of 26.2% between 2025 and 2034. Global governments are spearheading the use of next-generation communication networks with the aim of enhancing the current digital infrastructure. The shift to 5G networks, which relies on millimeter wave technology, is being fast-tracked by public-private partnerships and significant funding into telecommunications infrastructure. Telecom companies are also being encouraged to install millimeter wave capabilities, as regulatory authorities are simplifying licensing and spectrum usage for these systems.
The deep-rooted commitment of the US government in improving the communication technology landscape is highlighted with the September 2023 investment by NSF of USD 25 million in 5G government networks. Securing the untrusted 5G networks for government institutions, communication experts, and military operators is the primary goal of this program. Alongside broadband access expansion, smart city development, and Industry 4.0, the adoption of millimeter wave technology for communication is expected to be done at scale, which will directly positively impact the market growth.
The introduction of 5G networks across various countries is allowing the telecommunication industry to expand further into the millimeter wave technology market. Due to the immense data transfer speeds and short latency necessitated by 5G, these millimeter waves also become extremely useful. The demand for mobile data is constantly increasing with the advent of new applications, such as virtual and augmented reality and HD video streaming, which require bandwidth greater than what is currently available. Technologies involving millimeter waves are imperative for fulfilling the needs of the 5G performance metrics through synergy with each other, especially in large metropolitan regions where the requirements are extreme.
Telecom Millimeter Wave Technology Market Trends
Telecom Millimeter Wave Technology Market Analysis
Telecom Millimeter Wave Technology Market Share
Telecom Millimeter Wave Technology Market Companies
Major players operating in the telecom millimeter wave technology industry include:
Telecom Millimeter Wave Technology Industry News
The telecom millimeter wave technology market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue ($Bn) from 2021 to 2034, for the following segments:
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Market, By Component
Market, By Frequency Band
Market, By Licensing Model
Market, By End Use
The above information is provided for the following regions and countries: