Millimeter Wave RFIC Market Outlook:
Millimeter Wave RFIC Market size was valued at USD 346.63 million in 2025 and is set to exceed USD 650.67 million by 2035, expanding at over 6.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of millimeter wave RFIC is estimated at USD 366.91 million.
The market is anticipated to rise significantly owing to the rapid adoption of 5G technology worldwide. These components are vital in enhancing high-frequency communication and, as such, important for next-generation network infrastructure. In December 2023, T-Mobile made history by combining eight channels of mmWave spectrum to deliver download speeds of more than 4.3 Gbps. Such advancements proves that RFICs play an important role in the realization of superior network performance. Several governments are investing in the development of 5G infrastructure that will serve to increase connectivity and further drive the growth of the millimeter wave RFIC market.
Integration of emerging fields such as telecommunications, automotive, and healthcare sectors is presenting new opportunities via millimeter wave RFICs. A number of companies are highly interested and investing in research and development that enables them to innovate advanced RFIC solutions for high-speed wireless communication. For example, in August 2024, Intel collaborated with major telecom providers to fine-tune mmWave technology, accelerating the deployment of 5G networks. Government initiatives support digital transformation by improving the overall infrastructure and facilitating seamless adoption. These developments underpin millimeter wave RFICs for the future of communication.
