mmWave 5G Market Analysis

Use Case (eMBB, mMTC, URLLC, FWA)

The eMBB segment in the mmWave 5G market is estimated to gain a significant share of about 58% in the year 2037. The segment growth can be attributed to the deployment of 5G new radio (NR) technology, which focuses on operating across higher frequency bands between 410 MHz-7125 MHz or 24250 MHz-52600MHz. This initiative is set to provide wired-like performance and reliability, a strategic move to support the burgeoning influx of new devices and applications that demand extensive bandwidth. eMBB leverages these capabilities of 5G NR to ensure fast and reliable mobile broadband services. Such advancements are crucial for facilitating cutting-edge applications, including augmented reality (AR), virtual reality (VR), and 4K media, that are rapidly gaining prominence.

Application (Augmented Reality-Virtual Reality, Internet of things solutions, Connected Vehicles, Autonomous Driving, Telemedicine, Remote Healthcare)

The AR/VR segment in the mmWave 5G market is estimated to gain a significant share of about 52% in the year 2037, riding on the back of 5G technology, which promises to revolutionize the user experience in augmented and virtual reality. This surge is directly linked to mmWave’s 5G capability to deliver expansive bandwidth with minimal latency ensuring that data transfers easily between devices. Such technological strides are essential for seamless AR and VR content without jitters and disruptions are pivotal, making mmWave 5G a cornerstone of AR/VR sectoral growth.

Our in-depth analysis of the global market includes the following segments:

Product	Telle-communication Equipment Radar and Satellite Communication System Scanning System
Application	Augmented Reality-Virtual Reality Internet of things solutions Connected Vehicles Autonomous Driving Telemedicine Remote Healthcare
Use Case	eMBB mMTC URLLC FWA

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of mmwave 5G is estimated at USD 3.64 billion.

The mmwave 5G market size was valued at USD 3.26 billion in 2024 and is likely to cross USD 18.95 billion by 2037, registering more than 14.5% CAGR during the forecast period i.e., between 2025-2037. The market growth is propelled by demand for high-speed connectivity, urban development & emerging use cases, infrastructure expansion & device ecosystem.

North America industry is anticipated to dominate majority revenue share of 46% by 2037, on account of significant advancements like Verizons deployment.

The major players in the market are NXP Semiconductors, Airspan Networks, AT&T, Fastweb, Corning, Nokia, Mavenir, AMD, Qualcomm, Ericsson, and others.

mmWave 5G Market Analysis