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

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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 (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.

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

–  77G Millimeter Wave Radar Market

–  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

–  Bulk Acoustic Wave Devices Market

–  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

–  Millimeter Wave Sensors and Modules

–  Millimeter Wave Human Body Security Screening Equipment Market

–  Automotive Millimeter Wave Radar PCB Market

–  Millimeter Wave Body Scanner Market

–  Millimeter Level Cable Seal Market

–  Millimeter Wave Radar for Smart Elderly Care Market

–  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

–  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

–  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

–  Stage Micrometer Market

–  Variable Waveguide Attenuators Market

–  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

Mercurius Media Capital Commits Initial $1 Million with Option for Additional $2 Million Media Investment in Mode Mobile’s National Growth

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May 15, 2025

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REDWOOD CITY, Calif., May 15, 2025 /PRNewswire/ — Mercurius Media Capital (MMC), the first U.S.-based media-for-equity venture fund, announced a strategic investment in Mode Mobile, the fast-growing platform transforming how consumers monetize their time and attention. MMC has committed an initial $1 million, with an option for an additional $2 million, in targeted media inventory to accelerate Mode’s visibility and adoption across the U.S. market. Mode Mobile operates at the intersection of fintech, media, and rewards, offering a disruptive platform where consumers earn value from their time and attention.

In a landscape often focused on superficial engagement, Mode Mobile pioneers a model of value creation for underserved audiences. “At Mode, we’re pioneering a new way to utilize an everyday asset—turning smartphones into EarnPhones™,” said Dan Novaes, CEO and Co-founder of Mode Mobile. “Our passionate team is eager to partner with MMC and tap into their media expertise to accelerate our growth and connect with entirely new audiences.”

MMC’s investment will fuel Mode’s expansion through a broad media campaign, leveraging MMC’s partnerships with leading media platforms such as Sinclair Broadcast Group, TelevisaUnivision, Atmosphere TV, and others. Mode Mobile joins a growing portfolio of culturally relevant companies accessing high-impact advertising in exchange for equity.

“This isn’t just a growth story it’s a new framework for engagement,” said Piyush Puri, Founding Partner of MMC “Mode is building a model that aligns incentives at scale, fundamentally reshaping user interaction with devices, data, and dollars,” This partnership highlights the power of media-for-equity investing in unlocking growth for startups often overlooked by traditional funding models.

MMC bridges the gap for DTC and mid-sized brands by educating them on TV economics and the long-term value of brand-building MMC’s media offer premium inventory as a strategic asset, with a vested interest in each company’s success, creating impactful and targeted campaigns.

About Mercurius Media Capital Mercurius Media Capital launched in December 2023, is the first U.S.-based media-for-equity venture fund with ~$90 million in committed capital. Co-founded by Satyan Gajwani and Piyush Puri, MMC builds on over 15 years of experience driving media capital transactions at The Times of India Group, facilitating over $3 billion in media-based investments. MMC has partnered with leading media platforms, including Sinclair Broadcast Group, Televisa Univision, Atmosphere TV and others, to offer high-growth startups and enterprises access to distinct, large-scale advertising inventory in exchange for equity. This fund has backed several companies, including Airtasker, Deskera, Edly, Captain Experiences, reAlpha, RYSE and more.

This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any security. Investments in MMC are available only to verified accredited investors. Forward–looking statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Past performance is not indicative of future results.

Media Contact:
Interdependence PR
Angelic Venegas, Account Director
847-977-5601
395316@email4pr.com 

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Dentegrate AI Powers Growth for 220+ Dental Practices, Doubling New Patient Acquisition

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May 15, 2025

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BOSTON, May 15, 2025 /PRNewswire/ — Dentegrate AI is revolutionizing dental practice growth, with over 220 clinics now using its AI-powered platform to automate patient acquisition and engagement. Early adopters report an average 70% increase in new patients each month, with many practices doubling their growth—all while reducing reliance on traditional marketing agencies.

Built on eight years of dental industry data, Dentegrate AI addresses key challenges practices face with conventional marketing: overextended agency teams, wasted ad spend, and missed growth opportunities. The platform combines two powerful solutions:

Automated Ad Management: Rather than relying on busy ad account managers, Dentegrate AI monitors and optimizes ads automatically in real-time—reducing human error that often occurs when managing multiple clients.AI Patient Coordinator: Functioning as a 24/7 virtual front desk, the AI handles inquiries, appointment scheduling, and follow-ups. This ensures practices maintain timely patient communication without adding to staff workload.

The New Standard: Why AI-Driven Growth Outperforms Agencies

Dentegrate’s mission is to provide always-on, automated systems for dental marketing and patient management. Traditional marketing agencies—often stretched thin across numerous clients—frequently struggle to deliver the focused attention needed for effective campaigns. Dentegrate AI offers a scalable, consistent alternative by running continuously in the background, eliminating the typical overhead and performance inconsistencies found with many agencies.

Early Results

Although some in the dental industry were initially uncertain about AI replacing personalized human strategies, early outcomes have been overwhelmingly positive. Dentegrate AI brings unmatched efficiency and reliability—practices using the platform report an average 76% increase in new patients, with many doubling or even tripling their growth due to its automated approach.

This level of growth is rarely achieved by traditional agencies, particularly those managing multiple clients. In 2025, Dentegrate AI continues to expand rapidly as more dental practices adopt the solution to remain competitive in an evolving market.

The Future of Dental Practice Growth

Dentegrate presents a powerful solution for dental professionals seeking to modernize their operations and reduce their dependence on traditional marketing agencies. It represents a major shift in how clinics approach marketing—offering an automated, efficient path to patient acquisition and long-term growth. For practices ready to stay ahead of emerging trends in marketing and engagement, Dentegrate AI provides a clear advantage.

To learn more, visit dentegrate.com.

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Excel Dryer: American made and tariff resilient

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42 minutes ago

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May 15, 2025

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Hand dryer manufacturer holds prices as top competitors announce increases across full product lines

EAST LONGMEADOW, Mass., May 15, 2025 /PRNewswire/ — Excel Dryer, Inc., a family-owned and operated manufacturer of touchless, high-efficiency hand dryers, is benefiting from its longstanding commitment to producing high-quality, American-made products, a strategy that has effectively insulated the company from the impact of import tariffs.

 

“Excel’s mission has always been to design and manufacture quality American-made products that are dependable, and people like to use,” said Executive Vice President and COO William Gagnon. “It’s in our DNA.”

XLERATOR® Hand Dryers are the only ones with Made in USA certification, built with parts from domestic supplier partners and manufactured in Massachusetts. As most of the top hand dryer manufacturers have announced price increases on their entire product line due to changing tariff policies, Excel is holding steady on pricing with production uninterrupted.

In addition to being tariff resilient, Excel leads the industry in sustainability. A life-cycle study focusing on energy consumption shows Excel dryers provide up to a 94 percent reduction of carbon footprint versus 100 percent recycled paper towels. The company encourages developers toward environmentally friendly design practices with green continuing education courses to help builders create health-focused facilities that meet criteria for Well Building Standard (WELL) certification.

Excel is also committed to hygiene, recently teaming up with the highly respected research firm Metrixlab to conduct a global survey. Results show a strong link between public restroom cleanliness and business reputation, with respondents saying the number one contributing factor to a dirty restroom is paper towels on the floor or overflowing trash cans.

“Every day our workers here in Massachusetts create the world’s most efficient, environmentally friendly and hygienic hand drying solution,” said Gagnon. “Born from American innovation, we are proud to set the standard for the industry.”

About Excel Dryer, Inc.
Excel Dryer is a family-owned and operated company that revolutionized the industry with the invention of the XLERATOR® Hand Dryer, which set a new standard for performance, reliability and customer satisfaction. For more than 50 years, Excel has been manufacturing American-made hand drying solutions that are dependable, cost effective, safe and sustainable. Backed by the best customer service, Excel Dryer products can be purchased through an established network of sales representatives and distributors globally. Learn more about Excel Dryer at exceldryer.com.

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