Global Millimeter Wave Antennas and Transceiver Components Market: Size, Share, 2025–2032
Millimeter Wave Antennas and Transceiver Components Market size was valued at US$ 1.87 billion in 2024 and is projected to reach US$ 4.95 billion by 2032, at a CAGR of 11.7% during the forecast period 2025-2032
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MARKET INSIGHTS
The global Millimeter Wave Antennas and Transceiver Components Market size was valued at US$ 1.87 billion in 2024 and is projected to reach US$ 4.95 billion by 2032, at a CAGR of 11.7% during the forecast period 2025-2032.
Millimeter wave (mmWave) antennas and transceiver components are critical hardware enabling high-frequency wireless communication systems operating in the 30-300 GHz spectrum range. These components include phased array antennas, beamforming ICs, power amplifiers, and low-noise amplifiers that collectively support 5G networks, satellite communication, and radar applications. The technology’s ability to deliver ultra-high bandwidth makes it indispensable for next-generation connectivity solutions.
The market growth is driven by accelerating 5G deployment worldwide, with over 300 commercial 5G networks launched globally as of Q2 2024. However, signal attenuation challenges in mmWave propagation necessitate continuous innovation in antenna designs. Key players like NEC Corporation and L3Harris are advancing beam-steering technologies, while emerging applications in autonomous vehicles and industrial IoT create new growth avenues. Recent developments include Qualcomm’s 2024 Snapdragon X75 modem supporting 10-carrier mmWave aggregation, significantly enhancing network capacity.
NEC Corporation (Japan)
L3Harris Technologies (U.S.)
Axxcss Wireless Solutions (U.S.)
Siklu (Israel)
Smiths Group (UK)
Eravant (U.S.)
Aviat Networks (U.S.)
Farran Technologies (Ireland)
Millimeter Wave Products (U.S.)
Fully Licensed Frequency Millimeter Wave Segment Leads Due to High Reliability in Critical Communications
The market is segmented based on type into:
Light licensed frequency millimeter wave
Unlicensed frequency millimeter wave
Fully licensed frequency millimeter wave
Others
Mobile & Telecom Sector Dominates Owing to 5G Network Deployments Worldwide
The market is segmented based on application into:
Mobile & Telecom
Consumer & Commercial
Healthcare
Industrial
Automotive & Transportation
Imaging
Antennas Segment Holds Major Share Due to Increasing Demand for High-Frequency Communication Systems
The market is segmented based on component into:
Antennas
Subtypes: Patch antennas, Horn antennas, Arrays, and others
Transceivers
Amplifiers
Mixers
Others
MIMO Technology Gains Traction for Enhanced Data Throughput in 5G Networks
The market is segmented based on technology into:
MIMO
SISO
Beamforming
Others
North America
The North American market leads in millimeter wave (mmWave) technology adoption, driven by extensive 5G deployments and telecom infrastructure modernization. The U.S. accounts for over 60% of the regional market share, with carriers investing heavily in mmWave backhaul solutions to support urban network densification. Regulatory support from the FCC, including the release of 24 GHz, 28 GHz, and 39 GHz bands, accelerates commercialization. Key players like L3Harris and Aviat Networks dominate due to their expertise in high-frequency wireless solutions. However, high deployment costs and signal attenuation challenges in adverse weather persist as industry hurdles. Canada follows with incremental growth, particularly in smart city initiatives across Toronto and Vancouver.
Europe
Europe’s market is propelled by stringent EU directives on 5G rollouts and spectrum harmonization. Countries like Germany, the UK, and France prioritize mmWave for industrial automation and fixed wireless access. The ETSI’s EN 302 264 standard governs mmWave component interoperability, fostering compliance-driven innovation. Siemens and Ericsson leverage partnerships to develop scalable mmWave solutions for smart factories and autonomous vehicles. Southern and Eastern Europe lag due to budget constraints, though EU-funded projects like Horizon Europe aim to bridge this gap. Environmental concerns over mmWave radiation exposure have spurred additional regulatory scrutiny, influencing product design.
Asia-Pacific
APAC is the fastest-growing market, with China contributing ~40% of regional demand via its “5G+” infrastructure strategy. India’s BharatNet project and Japan’s Beyond 5G roadmap further stimulate mmWave adoption. Chinese firms like NEC Corporation (via local JVs) lead in cost-effective transceiver production, while South Korea focuses on mmWave-enabled AR/VR applications. Southeast Asia shows nascent potential, though tropical climates pose propagation challenges. Price sensitivity drives demand for unlicensed 60 GHz solutions in SMEs, contrasting with Japan’s preference for licensed bands in precision manufacturing.
South America
Brazil and Argentina spearhead mmWave deployment, primarily for urban backhaul and oil/gas monitoring. Brazil’s Anatel auctioned 26 GHz spectrum in 2022, unlocking private network opportunities. However, economic instability and currency fluctuations deter large-scale investments. Vendors adopt hybrid licensing models to balance performance and affordability. Colombia and Chile exhibit moderate growth, driven by mining and port automation. Lack of localized R&D and reliance on imports constrain technological self-sufficiency.
Middle East & Africa
The GCC nations, led by UAE and Saudi Arabia, prioritize mmWave for smart city visions (e.g., NEOM). UAE’s TRA allocated 26 GHz and 28 GHz bands for enterprise 5G, boosting Siklu’s E-band sales. Africa’s growth is uneven, with South Africa and Kenya deploying mmWave for last-mile connectivity, while underdeveloped fiber backbones limit scalability. Harsh desert environments necessitate ruggedized antenna designs. Israel emerges as an R&D hub, with startups like Siklu focusing on military-grade mmWave solutions. Sub-Saharan Africa faces spectrum allocation delays and power infrastructure gaps.
The global rollout of 5G networks is creating unprecedented demand for millimeter wave antennas and transceiver components. With 5G requiring significantly higher bandwidth than previous generations, millimeter wave technology (24GHz-300GHz) has become essential for delivering multi-gigabit speeds and ultra-low latency. Mobile network operators worldwide are actively deploying mmWave solutions, with forecast suggesting over 30% of all 5G base stations will utilize mmWave spectrum by 2027. This transformation is particularly evident in dense urban environments where high-frequency bands provide the capacity needed for smart city applications and industrial IoT.
Millimeter wave components are becoming indispensable in automotive safety systems, with 77GHz and 79GHz frequencies emerging as the standard for advanced driver assistance systems (ADAS). The automotive radar market is projected to maintain a compound annual growth rate exceeding 20% through 2030, driven by regulatory mandates for collision avoidance systems and the race toward autonomous vehicles. Major automakers are integrating higher resolution mmWave radars that can detect objects with centimeter-level precision, even in poor weather conditions. Recent product launches demonstrate how component miniaturization is enabling seamless integration into vehicle designs without compromising performance.
Military organizations worldwide are modernizing communications and surveillance systems with mmWave technology. The ability to transmit large data volumes securely with minimal interference makes mmWave ideal for tactical networks, electronic warfare systems, and missile guidance. Defense budgets allocating increasing shares to electronic systems have created sustained demand for ruggedized mmWave components that maintain reliability in extreme environments. Recent contracts awarded to leading manufacturers highlight how phased array antennas and high-power transceivers are becoming standard in next-generation defense platforms.
-> Millimeter Wave Antennas and Transceiver Components Market size was valued at US$ 1.87 billion in 2024 and is projected to reach US$ 4.95 billion by 2032, at a CAGR of 11.7% during the forecast period 2025-2032.
-> Key players include Axxcss Wireless Solutions, NEC Corporation, Siklu, L3HARRIS, Smiths Group, Eravant, Aviat Networks, Farran Technologies, and Millimeter Wave Products, among others.
-> Key growth drivers include 5G network deployments, increasing demand for high-speed connectivity, government investments in telecom infrastructure, and rising adoption in defense & aerospace applications.
-> North America currently leads the market, while Asia-Pacific is projected to witness the highest growth rate during the forecast period.
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