The mmWave 5G Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the mmWave 5G Market?
The mmWave 5G market has seen substantial expansion in the recent past. The market size is projected to increase from $3.38 billion in 2024 to $3.85 billion in 2025, demonstrating a Compound Annual Growth Rate (CAGR) of 14.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the mmWave 5G Industry?
The anticipated market size of the mmWave 5G global market in 2029 is forecasted to be $6.66 billion. The compound annual growth rate (CAGR) is projected to be 14.7%.
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What are the Key Growth Drivers Fueling the mmWave 5G Market?
The key drivers in the mmwave 5g market are:
• The development of 6G technology
• Implementation of enhanced security measures
• Initiatives aimed at improving rural connectivity
• Increased cross-industry collaboration and quantum communication research.
Global Market Segmentation: Identifying Major mmWave 5G Industry Segments
The mmWave 5G market covered in this report is segmented –
1) By Component: Hardware, Solutions, Services
2) By Bandwidth: 24GHz to 57GHz, 57GHz to 95GHz, 95GHz to 300GHz
3) By Use Case: eMBB, FWA, mMTC, URLLC
4) By Application: Real-time Surveillance Cameras, AR and VR, Industry 4.0, Live Streaming, Transport Connectivity, Ultra High-definition Video, Other Applications
5) By End User: Aerospace and Defense, Telecom, Media and Entertainment, Automotive and Transportation, Public Safety, Healthcare and Life Sciences, Other End Users
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What are the Emerging Trends Shaping the Future of the mmWave 5G Market?
The key trends in the mmwave 5g market are:
• The development of 6G technology is a key trend shaping the mmWave 5G Global Market.
• Enhanced security measures are becoming an emerging trend in the industry.
• The industry is expected to be shaped by increasing cross-industry collaborations.
• Research advancements in quantum communication are thoroughly impacting the mmWave 5G market.
Who Are the Top Competitors & Leading Players in the mmWave 5G Market?
Major companies in the mmwave 5g market are:
• Samsung Electronics Co Ltd.
• Verizon Communications Inc.
• AT&T Inc.
• Huawei Technologies Co Ltd.
• Intel Corporation
• Qualcomm Incorporated
• NEC Corporation
• Nokia Corporation
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation
• NXP Semiconductors N.V.
• Analog Devices Inc.
• Microchip Technology Inc.
• Skyworks Solutions Inc.
• Keysight Technologies Inc.
• Qorvo Inc.
• Rohde & Schwarz GmbH & Co KG
• Viavi Solutions Inc.
• Xilinx Inc.
• MACOM Technology Solutions Holdings Inc.
• ADVA Optical Networking SE
• Ceragon Networks Ltd.
• Casa Systems Inc.
• Inseego Corp
• Airspan Networks Holdings Inc.
• Anokiwave Inc.
• Akoustis Technologies Inc.
• Movandi Corporation
• Cohere Technologies Inc.
• E-Band Communications LLC
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the mmWave 5G market in 2024
