Millimeter Wave Technology Market

Millimeter Wave Technology Companies - Axxcss Wireless Solutions (US) and NEC Corporation (Japan) are the Key Players

The millimeter wave technology market is projected to grow from USD 3.0 billion in 2024 to USD 7.6 billion by 2029, registering a CAGR of 20.1% during the forecast period. The millimeter wave technology market is growing due to increase in broadband and mobile speeds, proliferation of wireless backhaul and growing adoption of 5G network, and high demand for millimeter wave technology in security and radar applications. Low penetration power and harmful environmental effects, however, is anticipated to limit industry expansion.

Key players operating in the millimeter wave technology market include Axxcss Wireless Solutions (US), NEC Corporation (Japan), Ceragon (Isarel), L3Harris Technologies, Inc. (US), Aviat Networks (US),  Smiths Group plc (UK), Eravant (US), Farran (Ireland), Keysight Technologies (US), Ducommun Incorporated (US), and Millimeter Wave Product, Inc, (US), among others. The introduction of new products and activities like partnerships and acquisitions are significant strategies used by leading companies to improve their product lines, grow their market shares, and strengthen their position in the industry.

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Major Millimeter Wave Technology companies include:

  • Axxcss Wireless Solutions (US)
  • NEC Corporation (Japan)
  • Ceragon (Isarel)
  • L3Harris Technologies, Inc. (US)
  • Aviat Networks (US)
  • Smiths Group plc (UK)
  • Eravant (US)
  • Farran (Ireland)
  • Keysight Technologies (US)
  • Ducommun Incorporated (US)
  • Millimeter Wave Product, Inc, (US)

NEC Corporation provides services, components, systems, and integrated solutions for communication and computing solutions. It combines its distinctive technological assets, such as network and sensing technologies, to provide safe and effective social solutions for national and international governments, government agencies, public and financial institutions, and other organizations. Public Infrastructure, Enterprise, Network Services, Global, Public Solutions, and Others are the organization's operating segments. Among NEC's primary specialties are network control platform systems, operating services, and network equipment for telecom operators to implement. Optical transmission systems, mobile backhaul systems, mobile phone base stations, and submarine cable systems are among the main goods and services pertaining to network infrastructure.

L3Harris Technologies, Inc. is an agile global innovator of aerospace and defense technologies. The company provides advanced defense and commercial technologies for the air, land, sea, space, and cyber domains. It operates through three business segments: Communication Systems, Integrated Mission Systems, and Space and Airborn Systems. The Communication Systems segment includes tactical ground & airborne radio communication solutions, night vision technology, and public safety networks serving tactical communications and defense markets. The Electronic Systems segment offers command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR); avionics; and electronic warfare solutions for defense and critical communication systems for civil, military aviation, and other customers. The Space & Intelligence Systems segment provides complete Earth observation and geospatial intelligence; position, navigation, and timing (PNT); space protection; universe exploration; positioning; and environmental solutions for national security, defense, and civil & commercial customers using advanced sensors, antennas, payloads, ground processing, and information analytics.

Ceragon is a key player in the telecommunications industry, specializing in wireless backhaul solutions. Their technology helps mobile operators and other service providers build and improve their networks. This translates to better 2G/3G, 4G/LTE, and even 5G services for their subscribers. Ceragon's solutions go beyond just voice calls. They enable a vast array of services, including: Machine-to-Machine (M2M) communication for industrial applications, Mobile and fixed broadband internet access, Internet of Things (IoT) connectivity for various devices, Public safety and other critical communication needs, Ceragon offers both fiber optic and wireless backhaul solutions, providing flexibility for different network requirements. The company offer products for various industries such as telecommunication, public safety, utilities, oil & gas, and many more. Ceragon has bolstered its millimeter wave offerings through the acquisition of Siklu and have a wider range of solutions, including point-to-multipoint and high-speed mesh connectivity, for applications like fixed wireless access and backhaul.  They address the needs of private network operators in various sectors, including oil & gas, utilities, public safety, and more, in addition to their existing solutions for large communication service providers.

Related Reports:

Millimeter Wave Technology Market by Product (Scanning System, Telecommunication Equipment, Radar and Satellite Communication System, Others), License Type, Component, Frequency Band, End Use and Region - Global Forecast to 2029

Mr. Aashish Mehra
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Millimeter Wave Technology Market Size,  Share & Growth Report
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SE 3472
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