Europe 5G Millimeter Wave Equipment Market was valued at USD 600 Million in 2022 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 23% from 2024 to 2030.
The Europe 5G Millimeter Wave Equipment Market has been experiencing rapid growth as industries are increasingly demanding faster, more reliable connectivity. With the rollout of 5G networks, businesses across various sectors are seeking to upgrade their infrastructure and meet new performance expectations. The use of millimeter waves in 5G technology enables high-speed, low-latency communication, making it ideal for industries such as telecommunications, automotive, healthcare, and smart cities.
One of the primary applications of 5G millimeter wave equipment is in enhancing telecommunications. Service providers are investing heavily in this technology to expand their network capabilities and provide customers with ultra-fast mobile internet speeds. With the proliferation of IoT devices, the need for robust, scalable networks is even more pressing. Millimeter wave frequencies, which range from 24 GHz to 100 GHz, allow for wider bandwidth and more efficient data transfer, addressing the increasing demand for capacity in urban and high-traffic areas.
Industries such as automotive are also capitalizing on 5G millimeter wave technology. Autonomous vehicles require constant, high-speed communication with other vehicles and infrastructure. The low-latency nature of 5G millimeter waves ensures real-time data transmission, which is crucial for vehicle safety and traffic management. Furthermore, the medical industry is leveraging 5G to enhance telemedicine services, allowing doctors to remotely monitor patients or perform robotic surgeries with unprecedented precision and reliability.
Smart cities are another key area driving demand for 5G millimeter wave equipment. The ability to connect thousands of devices—ranging from smart meters to surveillance cameras—requires networks with massive bandwidth and minimal delay. Millimeter wave technology can support the massive data transfer needs of these smart ecosystems, ensuring that public services such as traffic management, waste collection, and energy consumption monitoring are optimized.
The industrial requirement for 5G millimeter wave equipment is growing rapidly. High-speed internet, low latency, and a more stable connection are no longer optional but are becoming critical to business success. As industries across Europe strive to meet these demands, the adoption of 5G millimeter wave technology is poised to continue its upward trajectory, shaping the future of connectivity.
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Ericsson
NOKIA
Qualcomm
Kumu Networks
Movandi
Casa Systems
Samsung
AT&T
SureCall
Pivotal Commware
FRTek
Huawei
ZTE
Netgear
Inseego
Fiberhome
Tozed Kangwei
Sansung
Wistron NeWeb Corporation (WNC)
Askey Computer
Zyxel
OPPO
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Europe 5G Millimeter Wave Equipment Market
Outdoor Deployment
Indoor Deployment
Hybrid Deployment
Transceivers
Antenna Systems
Base Stations
Amplifiers
Backhaul Devices
Telecommunications
Healthcare
Automotive
Smart Buildings and Cities
Industrial IoT
Telecom Operators
Government and Public Safety
Manufacturing
Entertainment and Media
Transportation and Logistics
24 GHz
28 GHz
39 GHz
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
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1. Introduction of the Europe 5G Millimeter Wave Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Europe 5G Millimeter Wave Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Europe 5G Millimeter Wave Equipment Market, By Type
6. Europe 5G Millimeter Wave Equipment Market, By Application
7. Europe 5G Millimeter Wave Equipment Market, By Geography
Europe
Germany
UK
France
8. Europe 5G Millimeter Wave Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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