Millimeter Wave Components Market size was valued at US$ 1.89 billion in 2024 and is projected to reach US$ 3.45 billion by 2032, at a CAGR of 9.12% during the forecast period 2025–2032
Report Studies
• The global Millimeter Wave Components Market size was valued at US$ 1.89 billion in 2024 and is projected to reach US$ 3.45 billion by 2032, at a CAGR of 9.12% during the forecast period 2025–2032.
• Millimeter wave components are critical hardware operating in the 30GHz to 300GHz frequency spectrum, enabling high-speed data transmission, imaging, and sensing applications. These components include antennas, amplifiers, mixers, oscillators, and other RF devices essential for 5G networks, satellite communications, and advanced radar systems. The 10GHz-100GHz segment currently dominates with over 45% market share due to widespread adoption in telecommunications.
By Type:
• The market is segmented based on type into:
• 10GHz-100GHz
• Subtypes: Waveguides, Antennas, Amplifiers, and others
• 100GHz-200GHz
• 200GHz-300GHz
• Others
By Application:
• The market is segmented based on application into:
• Wireless Communication
• Radar and Imaging
• Digital and Analog Sensors
• Others
• ELVA-1 (Russia)
• Millimeter Wave Products (U.S.)
• MILLIMETER WAVE SYSTEMS, LLC (U.S.)
• Farran (Ireland)
• Ducommun (U.S.)
• Eravant (U.S.)
• QuinStar Technology Inc (U.S.)
