5G mmWave technology market is experiencing robust growth driven primarily by the escalating demand high-speed data services and enhanced network capacity. This market thrives on the need for faster internet speeds and the growing adoption of IoT devices. The industry generated $2.6 billion in 2022 and is expected to hold $10.1 billion by 2032 with a notable CAGR of 14.7% during the forecast period of 2023 to 2032.