Millimeter wave (mmW) communications is the key enabler of 5G cellular networks due to vast spectrum availability that could boost peak rate and capacity. Due to increased propagation loss in mmW band, transceivers with massive antenna array are required to meet link budget, but their power consumption and cost become limiting factors for commercial systems. Radio designs based on hybrid digital and analog array architectures and the usage of radio frequency (RF) signal processing via phase shifters have emerged as potential solutions to improve energy efficiency and deliver performances close to digital arrays. In this paper, we provide an overview of the state-of-the-art mmW massive antenna array designs and comparison among three architectures, namely digital array, sub-array, and fully-connected hybrid array. The comparison of performance, power, and area for these three architectures is performed for three representative 5G use cases, which cover a range of pre-beamforming SNR and multiplexing regimes. This is the first study to comprehensively model and analyze all design aspects and criteria including: 1) optimal linear precoder, 2) impact of quantization error in DAC and phase shifters, 3) RF signal distribution network, 4) power and area estimation based on state-of-the-art mmW circuits including baseband precoding, digital signal distribution, DACs, oscillators and mixers, phase shifters, RF signal distribution, and power amplifiers. The results show that the digital array is the most power and area efficient compared against optimal design for each architecture. Our analysis shows digital array benefits greatly from multi-user multiplexing. The analysis also reveals that sub-array is limited by reduced beamforming gain due to array partitioning, and system bottleneck of the fully-connected hybrid architecture is the excessively power hungry RF signal distribution network.