Millimeter Wave Technology Market by System (Radar & Satellite Communication Systems, Scanner Systems, Telecommunication Equipment), Product (Antennas & Transceiver, Communication & Networking, Frequency Sources & Related), Frequency Band, License Type, Component, Application - Global Forecast 2023-2030
The Millimeter Wave Technology Market is projected to reach USD 12.67 billion by 2030 from USD 3.26 billion in 2022, at a CAGR of 18.46% during the forecast period.
Market Segmentation & Coverage:This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Millimeter Wave Technology Market.
- Based on System, market is studied across Radar & Satellite Communication Systems, Scanner Systems, and Telecommunication Equipment. The Telecommunication Equipment commanded largest market share of 47.12% in 2022, followed by Radar & Satellite Communication Systems.
- Based on Product, market is studied across Antennas & Transceiver, Communication & Networking, Frequency Sources & Related, Imaging Components, Interface, Power & Battery, RF & Radio, and Sensors & Controls. The Antennas & Transceiver commanded largest market share of 23.84% in 2022, followed by Communication & Networking.
- Based on Frequency Band, market is studied across 57–95 GHz, 95–300 GHz, and Below 57 GHz. The 57–95 GHz commanded largest market share of 44.13% in 2022, followed by 95–300 GHz.
- Based on License Type, market is studied across Fully Licensed Frequency Millimeter Wave and Unlicensed Frequency Millimeter Wave. The Fully Licensed Frequency Millimeter Wave commanded largest market share of 77.14% in 2022, followed by Unlicensed Frequency Millimeter Wave.
- Based on Component, market is studied across Amplifiers, Attenuators, Circulators, Couplers, Filters, Isolators, Mixers, and Shifters. The Amplifiers commanded largest market share of 26.53% in 2022, followed by Filters.
- Based on Application, market is studied across Automotive, Consumer, Industrial, Medical, Military, Defense & Aerospace, and Telecom/Datacom. The Telecom/Datacom commanded largest market share of 28.21% in 2022, followed by Military, Defense & Aerospace.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.89% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:The FPNV Positioning Matrix is an indispensable tool for assessing the Millimeter Wave Technology Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:The Market Share Analysis offers invaluable insights into the vendor landscape Millimeter Wave Technology Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:The report delves into recent significant developments in the Millimeter Wave Technology Market, highlighting leading vendors and their innovative profiles. These include Analog Devices, Inc., Asahi Kasei Microdevices Corporation, Axxcss Wireless Solutions, Inc., bq microwave, Broadcom Inc., CableFree: Wireless Excellence, Cisco Systems, Inc., Dalian Iflabel Technology Co., Ltd., Denso Corporation, Deutsche Telekom AG, ELVA-1 Microwave Handelsbolag, Eravant, Farran Technology Ltd., Fujikura Ltd., Fujitsu Limited, HFCL Limited, Huawei Technologies Co., Ltd., Keysight Technologies, Inc., Kyocera Corporation, L3Harris Technologies, Inc., Marki Microwave, Inc., MaxLinear, Inc., Millimeter Wave Products, Millimeter Wave Systems, LLC, Mistral Solutions Pvt. Ltd., Mitsubishi Electric Corporation, Movandi Corporation, NEC Corporation, Nokia Corporation, Novelic LLC, NTT DATA Corporation, Nuctech Company Limited, NXP Semiconductors N.V., Qorvo, Inc., QUALCOMM Incorporated, Quantic MWD, QuinStar Technology, Inc., Samsung Electronics Co., Ltd., Siklu Communications, Ltd., SIKORA AG, Smiths Group PLC, Sumitomo Electric Industries, Ltd., Tamagawa Holdings Co., Ltd., Telefonaktiebolaget LM Ericsson, Terasense Group Inc., Texas Instruments Incorporated, Toray Industries, Inc., Vubiq Networks, Inc., and ZTE Corporation.
The report offers valuable insights on the following aspects:- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:- What is the market size and forecast for the Millimeter Wave Technology Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Millimeter Wave Technology Market?
- What is the competitive strategic window for identifying opportunities in the Millimeter Wave Technology Market?
- What are the latest technology trends and regulatory frameworks in the Millimeter Wave Technology Market?
- What is the market share of the leading vendors in the Millimeter Wave Technology Market?
- Which modes and strategic moves are suitable for entering the Millimeter Wave Technology Market?
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