Millimeter Wave Technology Market Growth 2033

The global millimeter wave technology market size reached USD 3.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 14.2 Billion by 2033, exhibiting a growth rate (CAGR) of 17.58% during 2025-2033. The market is experiencing rapid growth, due to escalating demand for high-speed internet and heightened data traffic, rapid advancements in fifth-generation (5G) technology, increasing adoption of advanced driver assistance systems (ADAS) and autonomous vehicles, proliferation of the Internet of Things (IoT) devices, and the rising need for enhanced security and surveillance systems.

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