Technology

Millimeter Wave Technology Market Size to Grow USD 3182 Million by 2030 at a CAGR of 20.6% | Valuates Reports

Published

2 years ago

July 5, 2024

BANGALORE, India, July 5, 2024 /PRNewswire/ — Millimeter Wave Technology Market is Segmented by Type (24GHz – 57GHz, 57GHz – 86GHz, 86GHz – 300GHz), by Application (Communication, Medical, Automobile, Military, Imaging, Other): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Millimeter Wave Technology market was valued at USD 832.6 million in 2023 and is anticipated to reach USD 3182 million by 2030, witnessing a CAGR of 20.6% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Millimeter Wave Technology Market:

The market for millimeter wave (mmWave) technology is mainly driven by the growing need for wireless communication at high speeds, especially with the introduction of 5G networks. Faster data transmission rates and reduced latency are made possible by mmWave technology, and these features are essential for applications like IoT devices, augmented reality (AR), virtual reality (VR), and driverless cars. The industry is developing even faster due to the increasing demand for bandwidth-intensive services like improved telephony and high-definition video streaming. Furthermore, the broad deployment of mmWave technology is facilitated by developments in semiconductor technology and the creation of small and effective mmWave components. The market is propelled ahead in large part by regulatory assistance as well as rising expenditures in infrastructure and research.

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TRENDS INFLUENCING THE GROWTH OF THE MILLIMETER WAVE TECHNOLOGY MARKET

One major factor propelling the millimeter wave technology industry is the growing need for fast wireless communication. Faster and more dependable internet access is desperately needed given the growth of data-intensive applications and the proliferation of smart devices. Operating in the 24 GHz to 86 GHz range, millimeter wave technology provides significant bandwidth and fast data transfer rates, which makes it perfect for fulfilling these requirements. Next-generation wireless networks, such as 5G, which are expected to provide previously unheard-of speeds and minimal latency, are made possible by this technology and will help meet the growing demands of contemporary digital communication.

One major element propelling the millimeter wave technology market’s growth is the rollout of 5G networks. For 5G technology to provide high-speed, low-latency connectivity, millimeter waves play a major role. Millimeter wave frequencies are required for 5G infrastructure rollout, including small cells and backhaul solutions. In addition to improving mobile broadband services, this expansion opens up new possibilities for cutting-edge applications like industrial automation, smart cities, and driverless cars. The need for millimeter wave technology is expected to rise significantly as 5G networks are implemented in more nations, driving market expansion.

The market for millimeter wave technology is expanding because of applications that need very high data transfer rates and low latency, which are served by the 57 GHz–86 GHz frequency spectrum. In densely populated areas, this frequency is necessary for backhaul solutions that enable effective communication between small cell networks in 5G infrastructure. It also enables cutting-edge technology including high-resolution radar systems and wireless HD video transmission. The market is being driven ahead by the growing usage of these high-frequency bands for sophisticated communication solutions as well as the demand for improved bandwidth and connection in contemporary applications.

Millimeter wave technology is being more widely used in the automobile sector, especially in advanced driver assistance systems (ADAS) and driverless cars. Adaptive cruise control, blind spot monitoring, and object detection all depend on millimeter wave radar sensors. These sensors deliver high-resolution data and perform well in a variety of weather scenarios, which is crucial for the security and efficiency of autonomous driving systems. The incorporation of millimeter wave technology is becoming more common as the automotive industry strives towards higher levels of vehicle automation and safety features, which is fueling market development.

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MILLIMETER WAVE TECHNOLOGY MARKET SHARE ANALYSIS

The market for millimeter wave technology is dominated by North America due to the region’s early adoption of cutting-edge innovations and massive expenditures in 5G infrastructure. The U.S. is home to several R&D operations and significant technological businesses, both of which support market expansion. The dominance of the region is further reinforced by government measures aimed at improving communication networks and the growing demand for high-speed internet services. The extensive use of millimeter wave technology in industries including healthcare, automotive, and telecommunications strengthens North America’s position as the industry leader.

Key Players:

BridgeWave CommunicationsKeysight TechnologiesNECSAGE MillimeterSiklu CommunicationAviat NetworksFarran TechnologyMillimeter Wave ProductsMillivision TechnologiesVubiq NetworksE-Band CommunicationsSmiths GroupL3 TechnologiesProxim Wireless

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

– Millimeter Wave Radar Level Measuring Instrument Market

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– The global Millimeter Wave Absorbing Materials market was valued at USD 56 million in 2023 and is anticipated to reach USD 86.7 million by 2030, witnessing a CAGR of 5.7% during the forecast period 2024-2030.

– The global market for Millimeter Wave Absorber was estimated to be worth USD 49 million in 2023 and is forecast to a readjusted size of USD 107.6 million by 2030 with a CAGR of 5.7% during the forecast period 2024-2030

– Millimeter Wave Measuring Instrument Market

– The global Automotive Millimeter Wave (MMW) Radar market size is expected to reach USD 11710 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029.

– The global Test and Measurement Equipment market was valued at USD 11810 million in 2023 and is anticipated to reach USD 18710 million by 2030, witnessing a CAGR of 6.4% during the forecast period 2024-2030.

– The global market for 60GHz mmWave Radar was estimated to be worth USD 24 million in 2023 and is forecast to a readjusted size of USD 275.8 million by 2030 with a CAGR of 38.3% during the forecast period 2024-2030

– 4D mmWave Radar Chip Market

– The global Wave Power Generation Equipment market was valued at USD 27 million in 2023 and is anticipated to reach USD 118.7 million by 2030, witnessing a CAGR of 21.1% during the forecast period 2024-2030.

– Wave Pools Market

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– Wave Energy Converters Market

– The global Strain Wave Gearing Devices market was valued at USD 427 million in 2023 and is anticipated to reach USD 882.7 million by 2030, witnessing a CAGR of 10.8% during the forecast period 2024-2030.

– The global Bulk Acoustic Wave Delay Line market was valued at USD 187 million in 2023 and is anticipated to reach USD 286.1 million by 2030, witnessing a CAGR of 5.8% during the forecast period 2024-2030.

– The global Surface Acoustic Wave Filter market was valued at USD 4814 million in 2023 and is anticipated to reach USD 8359.6 million by 2030, witnessing a CAGR of 8.5% during the forecast period 2024-2030.

– The global renewable energy market was valued at USD 881.7 billion in 2020, and is projected to reach USD 1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030.

– The global Backward Wave Oscillator market is projected to reach USD 18 million in 2029, increasing from USD 13 million in 2022, with the CAGR of 4.2% during the period of 2023 to 2029.

– The global Traveling Wave Tubes (TWT) revenue was USD 764.4 million in 2022 and is forecast to a readjusted size of USD 1044 million by 2029 with a CAGR of 4.5% during the forecast period (2023-2029).

– The global Strain Wave Gearing Devices revenue was USD 427 million in 2022 and is forecast to a readjusted size of USD 882.7 million by 2029 with a CAGR of 10.8% during the forecast period (2023-2029).

– Millimeter Wave Connectors Market

– Automotive Millimeter Wave 4D Radar Market

– Millimeter Wave Oscillator Market

– The global market for Millimeter Wave RF Modules was estimated to be worth USD 122 million in 2023 and is forecast to a readjusted size of USD 3657.7 million by 2030 with a CAGR of 61.7% during the forecast period 2024-2030

– Automobile Millimeter Wave Compatible Emblem Market

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– Automotive Millimeter Wave Radar PCB Market

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– The global 77 GHz Automotive Millimeter Wave Radar PCB market was valued at USD 187 million in 2023 and is anticipated to reach USD 473 million by 2030, witnessing a CAGR of 13.5% during the forecast period 2024-2030.

– 4D Millimeter Wave Imaging Radar Market

– Vehicle 4D Millimeter Wave Radar Market

– 5G Millimeter Wave Radio Frequency Chips Market

– Millimeter Wave Radar Circuit Board Market

– Millimeter Wave Radar Semiconductor Sensor Market

– Millimeter Wave Frequency Converter Market

– Millimeter Wave Ceramic Dielectric Resonators Market

– Portable Millimeter Wave Therapeutic Device Market

– The global Millimeter Wave Active Phased Array Antenna market is projected to reach USD 549.4 million in 2029, increasing from USD 396 million in 2022, with the CAGR of 5.0% during the period of 2023 to 2029.

– Calibrated Variable Waveguide Attenuators Market

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– The global RF Front End MMIC market was valued at USD 9013.5 million in 2023 and is anticipated to reach USD 23980 million by 2030, witnessing a CAGR of 15.0% during the forecast period 2024-2030.

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Technology

Baidu to Report First Quarter 2026 Financial Results on May 18, 2026

Published

6 minutes ago

April 23, 2026

BEIJING, April 23, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the First Quarter 2026 ended March 31, 2026, before the U.S. market opens on May 18, 2026. Baidu’s management will hold an earnings conference call at 8:00 AM on May 18, 2026, U.S. Eastern Time (8:00 PM on May 18, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q1 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10054331-iu876y.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until May 25, 2026:
US: 1 855 883 1031
Reply PIN: 10054331

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

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SOURCE Baidu, Inc.

Technology

Phase 1 of 139th Canton Fair Introduces New Dedicated Product Zones as Emerging Technologies Take Center Stage

Published

6 minutes ago

April 23, 2026

GUANGZHOU, China, April 23, 2026 /PRNewswire/ — The 139th China Import and Export Fair (Canton Fair) has further optimized its exhibition landscape with nine new dedicated product zones, reflecting ongoing structural shifts in global trade and the continued upgrading of China’s export portfolio.

Among the most closely watched additions in Phase 1 are the consumer and agricultural drone zones, both making their debut at the Canton Fair and offering a focused showcase of applications in the low‑altitude economy. The consumer drone zone showcases progress in flight control, AI‑based obstacle avoidance and energy efficiency across imaging, tourism, emergency response and patrol. The agricultural drone zone highlights precision farming, with spraying, seeding and field‑management demonstrations showing terrain‑following, intelligent route planning, and precise payload control.

On day one, a Shandong‑based drone manufacturer welcomed buyers from 30+ countries, with over 50 strong leads. One buyer, after seeing load and wind‑resistance demonstrations, immediately confirmed three sample units and even proposed becoming a regional distributor.

Display technology is another focal point of Phase 1, highlighting advances in color accuracy, energy efficiency, and overall visual performance. Developments in fine‑grained control, expanded color gamut, and reduced power consumption point to a clear trend toward immersive viewing experiences combined with sustainability gains.

The smart wearables zone underscores how intelligent devices are becoming key interfaces for human‑machine interaction. From real‑time language translation and adaptive noise cancellation to long‑term health monitoring and AI‑enabled eyewear, wearables are evolving from standalone products into integrated systems that support communication, well‑being, and productivity across daily and professional settings.

The service robots zone further illustrates how artificial intelligence is moving from conceptual exploration to large‑scale deployment. Advanced robots showcased across industrial, commercial, medical, and public‑service scenarios demonstrate growing autonomy, multi‑sensory perception, and closer human-robot collaboration.

By bringing emerging technologies into clearer focus through dedicated zones, the 139th Canton Fair is reinforcing its function as a platform where trade trends take shape, innovation meets application, and global buyers gain early insights into cutting-edge technologies.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

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Technology

OZMOSI Announces Strategic Partnership with Planview to Advance AI-Driven Planning in Pharmaceutical R&D

Published

6 minutes ago

April 23, 2026

By combining structured clinical intelligence with AI-driven portfolio planning, the partnership gives pharmaceutical teams a faster, clearer way to make high-stakes R&D decisions

SPRING LAKE HEIGHTS, N.J., April 23, 2026 /PRNewswire/ — OZMOSI, a leading provider of structured pharmaceutical development intelligence, today announced a strategic partnership with Planview, the leading AI-powered end-to-end platform for Strategic Portfolio Management (SPM) and Digital Product Delivery (DPD).

By integrating OZMOSI’s machine-readable clinical datasets directly into Planview’s AI-driven portfolio planning platform, external scientific data is now connected to internal R&D planning in one system, helping pharmaceutical organizations better predict market shifts, prioritize R&D investments, and make faster, more confident decisions.

This integration brings external clinical reality into internal R&D decision-making, so teams can plan based on what’s actually happening, not just on what they hope will happen.

The two organizations combine deep expertise in complementary areas, united by a shared focus on improving the quality and usability of data for strategic decision-making. OZMOSI provides structured, machine-readable intelligence across clinical trials, drug development programs, regulatory activity, and scientific literature, built on a consistent taxonomy that standardizes how data is connected and understood. Planview’s platform enables organizations to model complex investment scenarios, align initiatives with corporate strategy, and optimize resource allocation.

Together, these capabilities give teams a clearer, more complete view of the R&D landscape, grounded in clean, standardized data and strengthened by AI-driven analysis.

“AI is only as powerful as the data that fuels it,” said Beau Bush, President and Founder of OZMOSI. “Pharmaceutical organizations have no shortage of data, but too often it’s fragmented, inconsistent, and difficult to operationalize. By bringing OZMOSI’s structured data foundation together with Planview’s AI-driven planning capabilities, we’re enabling teams to move beyond disconnected analysis and toward truly integrated, forward-looking decision-making.”

“Strategic planning in pharmaceutical R&D is becoming increasingly dependent on advanced analytics and AI,” said Louise Allen, Chief Product Officer at Planview. “Integrating OZMOSI’s clinical intelligence into Planview’s platform enables pharmaceutical leaders to make better decisions by combining trusted external data with AI-driven planning

OZMOSI’s dataset spans more than 800,000 clinical trials, over 35,000 drugs, and 4,000 diseases and conditions. It brings together insights from clinical trial registries, regulatory filings, scientific literature, company disclosures, and industry announcements into a unified, structured dataset.

When integrated into Planview’s platform, this intelligence enables pharmaceutical and biotech organizations to evaluate competitive landscapes, identify emerging clinical trends, and simulate portfolio outcomes with unprecedented precision.

Together, OZMOSI and Planview are redefining how pharmaceutical organizations approach R&D strategy, ensuring that investment decisions are guided by accurate, standardized, and AI-ready data. By combining internal portfolio visibility with a continuously updated external view of the market, the partnership helps leaders not only understand what they have, but what to do next.

About OZMOSI

Founded in 2013, OZMOSI specializes in transforming complex pharmaceutical R&D intelligence into structured, machine-readable data. The company provides the foundation needed for accurate competitive analysis, product forecasting, and portfolio strategy. Through its proprietary taxonomy and semantic layer, OZMOSI connects fragmented data across the pharmaceutical ecosystem, enabling faster, more confident decision-making for global pharma, biotech, and investment teams.

Based in Spring Lake Heights, New Jersey, OZMOSI is focused on making pharmaceutical intelligence clear, usable, and ready for the future of AI-driven strategy. Learn more at www.ozmosi.com.

About Planview

Planview is the leading end-to-end platform for Strategic Portfolio Management (SPM) and Digital Product Delivery (DPD), powered by advanced AI capabilities that give business and technology leaders the strategic foresight to prioritize investments and initiatives, make plans real within constraints, and pivot with certainty when things change. Our AI-driven connected platform of solutions underpins the business and digital transformations of more than 3,000 customers and 3.1 million users globally. Headquartered in Austin, Texas, Planview has over 1,500 employees worldwide. Learn more at www.planview.com.

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SOURCE Ozmosi Company