세계의 MmWave5G 시장 규모는 2024년 33억 4,000만 달러였고, 2030년에 CAGR 12.91%를 나타낼 전망이며, 2030년까지 69억 2,000만 달러에 달할 것으로 예측되고 있습니다.
밀리미터파(MmWave) 5G는 5세대 모바일 네트워크의 고주파 대역을 가리키며 일반적으로 24-100GHz에서 작동합니다.
| 시장 개요 | |
|---|---|
| 예측 기간 | 2026-2030년 |
| 시장 규모 : 2024년 | 33억 4,000만 달러 |
| 시장 규모 : 2030년 | 69억 2,000만 달러 |
| CAGR : 2025-2030년 | 12.91% |
| 급성장 부문 | 증강현실/가상현실 |
| 최대 시장 | 북미 |
기존의 저/중대역 5G와 달리 MmWave는 현저하게 높은 대역폭을 제공하여 초고속 데이터 속도와 매우 낮은 지연을 실현합니다. 산업 자동화와 같은 데이터 집약적인 용도에 이상적입니다. 그러나 통신 거리가 짧고 장애물에 대한 침투가 제한적이므로 스몰셀과 고급 인프라의 고밀도 네트워크가 필요합니다.
세계의 MmWave5G 시장은 강화된 모바일 광대역과 차세대 통신 네트워크에 대한 수요가 증가함에 따라 기세를 늘리고 있습니다. 또한, 제조업, 물류, 헬스케어 등의 산업에서는 실시간의 기계 통신, 원격 진단, AI 주도의 자동화를 실현하기 위해서 MmWave5G를 통합하고 있습니다. 정부나 민간 기업은 주파수 경매, 연구 개발, 파일럿 프로그램에 많은
시장은 5G 용도가 진화하고 다양한 부문으로 확대됨에 따라 확대될 것으로 예측됩니다. 추가 기술 진보는 MmWave 주파수와 관련된 통신 거리와 인프라의 과제 중 일부를 다루는 것으로 예측됩니다.
도시 환경에서 데이터 집약적 용도의 급증
인프라의 복잡성과 도입 비용
기업 사설망에서 MmWave5G 통합
Global MmWave 5G Market was valued at USD 3.34 Billion in 2024 and is expected to reach USD 6.92 Billion by 2030 with a CAGR of 12.91% through 2030. Millimeter Wave (MmWave) 5G refers to the high-frequency band of the fifth-generation mobile network, typically operating between 24 GHz and 100 GHz.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 3.34 Billion |
| Market Size 2030 | USD 6.92 Billion |
| CAGR 2025-2030 | 12.91% |
| Fastest Growing Segment | Augmented Reality/Virtual Reality |
| Largest Market | North America |
Unlike traditional low- and mid-band 5G, MmWave offers significantly higher bandwidth, enabling ultra-fast data speeds and extremely low latency. These characteristics make it ideal for data-intensive applications such as high-definition video streaming, augmented and virtual reality, and real-time industrial automation. However, its shorter range and limited penetration through obstacles require a dense network of small cells and advanced infrastructure.
The Global MmWave 5G Market is gaining momentum due to the increasing demand for enhanced mobile broadband and next-generation communication networks. Telecommunications operators are expanding their MmWave infrastructure to support the exponential growth in connected devices and data consumption. Urban centers and smart cities are leading adopters, leveraging the technology for smart surveillance, autonomous transportation, and seamless public Wi-Fi networks. Additionally, industries such as manufacturing, logistics, and healthcare are integrating MmWave 5G to enable real-time machine communication, remote diagnostics, and AI-driven automation. Governments and private players are investing heavily in spectrum auctions, R&D, and pilot programs to accelerate deployment.
The market is expected to expand as 5G applications evolve and scale across different sectors. The growing use of connected devices, rising consumer expectations for high-speed connectivity, and the digital transformation of enterprises are strong growth enablers. Further technological advancements such as improved beamforming, edge computing, and device interoperability will address some of the range and infrastructure challenges associated with MmWave frequencies. As more countries roll out their national 5G strategies and integrate MmWave into their telecommunications ecosystems, the Global MmWave 5G Market is set to become a key pillar of next-generation connectivity and digital innovation worldwide.
Key Market Drivers
Surge in Data-Intensive Applications Across Urban Environments
Urban populations are generating massive volumes of data through daily usage of high-bandwidth applications, including 4K/8K video streaming, cloud gaming, augmented reality, and telepresence. These applications require extremely low latency and fast data rates-capabilities well-matched by millimeter wave 5G. With high spectral bandwidth, MmWave allows operators to deliver speeds above 1 Gbps even in congested city centers. The rapid growth of smart cities, digital public infrastructure, and real-time surveillance solutions has made MmWave a necessity rather than an option. Municipalities are also exploring MmWave to support edge computing in traffic systems, disaster response tools, and connected utilities.
Telecommunications providers and governments are investing in dense small-cell deployments, rooftop antennas, and smart poles to overcome the limited propagation range of high-frequency waves. This infrastructure modernization is unlocking the full potential of MmWave 5G in urban environments. As consumers and businesses demand seamless, low-lag connectivity for increasingly immersive and interactive applications, urban centers will remain a critical growth engine for the market. This data highlights how cities with active millimeter wave rollouts are experiencing download speeds over 5-10 times faster than mid-band 5G. These capabilities are essential for real-time streaming, urban automation, and high-density user access, reinforcing the value of investing in dense MmWave infrastructure to meet growing urban connectivity demands.
Key Market Challenges
Infrastructure Complexity and Deployment Costs
The MmWave 5G Market faces a significant challenge in the form of complex infrastructure requirements and high deployment costs. Millimeter wave signals, while offering exceptionally high data speeds and ultra-low latency, suffer from limited propagation distance and poor ability to penetrate buildings and other physical barriers. This means that to ensure consistent and reliable connectivity, operators must install a dense network of small cells, often on street poles, rooftops, or indoor environments. Each small cell demands precise engineering, proximity to fiber backhaul, and careful location planning-especially in dense urban zones. These deployments are not only time-consuming but also capital intensive, requiring significant upfront investment in hardware, fiber, site acquisition, and maintenance logistics.
From a business perspective, these infrastructure demands can delay returns and increase the financial risks for telecommunications companies. The need to coordinate with local municipalities, utility providers, and property owners adds administrative burden and can slow rollout timelines. In many regions, especially where existing broadband or tower infrastructure is lacking, deploying MmWave 5G becomes prohibitively expensive or technically infeasible. To navigate these challenges, operators must consider hybrid approaches that integrate sub-6 GHz bands for coverage and use MmWave selectively for capacity. Additionally, partnerships, infrastructure sharing, and innovative financing will be essential to make the economics of dense small-cell deployment viable. If these challenges are not addressed, the MmWave 5G Market may see limited scalability and remain constrained to only high-revenue urban use cases.
Key Market Trends
Integration of MmWave 5G in Enterprise Private Networks
The increasing demand for high-performance, secure, and low-latency wireless networks is driving enterprises toward private 5G solutions-particularly those leveraging millimeter wave technology. Industries such as manufacturing, logistics, aerospace, and pharmaceuticals are rapidly adopting private networks for mission-critical applications like autonomous robotics, real-time asset tracking, and predictive maintenance. The unique bandwidth capacity of millimeter wave allows enterprises to support dense device environments while maintaining consistent throughput and ultra-low latency. This makes it ideal for smart factories, connected warehouses, and digital twin environments where latency-sensitive operations are critical.
Furthermore, the ability to deploy dedicated millimeter wave spectrum within a localized setting provides organizations with greater control over their network resources, enhancing data privacy, reliability, and quality of service. Governments in regions like Europe and Asia are also enabling this trend by allocating millimeter wave bands specifically for private 5G use. As network slicing and edge computing technologies mature, millimeter wave-powered enterprise solutions are expected to scale, enabling new levels of industrial productivity and innovation. This trend signals a long-term strategic shift in how businesses architect their digital infrastructure, moving away from public networks toward customizable, high-speed connectivity solutions.
In this report, the Global MmWave 5G Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global MmWave 5G Market.
Global MmWave 5G Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: