Europe Millimeter Wave Technology Market Size & Outlook

The millimeter wave technology market in Europe is expected to reach a projected revenue of US$ 6,413.0 million by 2030. A compound annual growth rate of 35.8% is expected of Europe millimeter wave technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$751.8
Forecast, 2030 (US$M)
$6,413.0
CAGR, 2024 - 2030
35.8%
Report Coverage
Europe

Europe millimeter wave technology market highlights

  • The Europe millimeter wave technology market generated a revenue of USD 751.8 million in 2023.
  • The market is expected to grow at a CAGR of 35.8% from 2024 to 2030.
  • In terms of segment, telecommunication equipment was the largest revenue generating product in 2023.
  • Radar & Satellite Communication Systems is the most lucrative product segment registering the fastest growth during the forecast period.
  • Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.

Europe data book summary

Market revenue in 2023USD 751.8 million
Market revenue in 2030USD 6,413.0 million
Growth rate35.8% (CAGR from 2023 to 2030)
Largest segmentTelecommunication equipment
Fastest growing segmentRadar & Satellite Communication Systems
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationTelecommunication Equipment, Imaging & Scanning Systems, Radar & Satellite Communication Systems
Key market players worldwideAviat Networks Inc, Keysight Technologies Inc, NEC Corp, Ceragon Networks Ltd, Trex Co Inc, BridgeWave Communications, E-Band Communications, Farran Technology, LightPointe, Smiths Group PLC, QuinStar Technology Inc., Eravant

Other key industry trends

  • In terms of revenue, Europe region accounted for 20.0% of the global millimeter wave technology market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 15,364.2 million by 2030.

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Millimeter Wave Technology Market Companies

Name Profile # Employees HQ Website

Europe millimeter wave technology market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to millimeter wave technology market will help companies and investors design strategic landscapes.


Telecommunication equipment was the largest segment with a revenue share of 55.03% in 2023. Horizon Databook has segmented the Europe millimeter wave technology market based on telecommunication equipment, imaging & scanning systems, radar & satellite communication systems covering the revenue growth of each sub-segment from 2017 to 2030.


  • Europe Millimeter Wave Technology Product Outlook (Revenue, USD Million, 2017-2030)
    • Telecommunication Equipment
    • Imaging & Scanning Systems
    • Radar & Satellite Communication Systems
  • Europe Millimeter Wave Technology Component Outlook (Revenue, USD Million, 2017-2030)
    • Antennas & Transceivers
    • Amplifiers
    • Oscillators
    • Control Devices
    • Frequency Converters
    • Passive Components
    • Others
  • Europe Millimeter Wave Technology Application Outlook (Revenue, USD Million, 2017-2030)
    • Telecommunications
    • Military & Defense
    • Automotive & Transport
    • Healthcare
    • Electronics & Semiconductor
    • Security
  • Europe Millimeter Wave Technology Frequency Band Outlook (Revenue, USD Million, 2017-2030)
    • V-Band
    • E-Band
    • Other Frequency Bands

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  • Our clientele includes a mix of millimeter wave technology market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe millimeter wave technology market , including forecasts for subscribers. This continent databook contains high-level insights into Europe millimeter wave technology market from 2017 to 2030, including revenue numbers, major trends, and company profiles.

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Europe millimeter wave technology market size, by country, 2017-2030 (US$M)

Europe Millimeter Wave Technology Market Outlook Share, 2023 & 2030 (US$M)

Europe millimeter wave technology market size, by country, 2017-2030 (US$M)

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