Global Millimeter Wave Technology Market Size study & Forecast, by Product (Telecommunication Equipment, Imaging & Scanning Systems, Radar & Satellite Communication Systems), by Component (Antennas & Transceivers, Amplifiers, Oscillators, Control Devices,

Global Millimeter Wave Technology Market Size study & Forecast, by Product (Telecommunication Equipment, Imaging & Scanning Systems, Radar & Satellite Communication Systems), by Component (Antennas & Transceivers, Amplifiers, Oscillators, Control Devices, Frequency Converters, Passive Components, Others), by Application (Telecommunications, Military & Defense, Automotive & Transport, Healthcare, Electronics & Semiconductor, Security), by Frequency Band (V-Band, E-Band, Other Frequency Bands) and Regional Analysis, 2023-2030

Global Millimeter Wave Technology Market is valued at approximately USD 2.8 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 39.5% over the forecast period 2023-2030. The millimeter wave technology market refers to the segment of the telecommunications and wireless communication industry that encompasses the development, deployment, and utilization of high-frequency electromagnetic waves in the millimeter wave range for various applications, including wireless communication, radar systems, imaging, and sensing. The millimeter wave technology market is being driven by factors such as Increasing adoption of MMW technology in the telecommunication sector and emerging 5G technology and Growing demand from bandwidth-intensive applications and the telecommunication sector.

Millimeter wave technology is known for its ability to transmit large amounts of data quickly and is a key component of 5G networks, providing enhanced capacity and faster data transfer rates. According to IEEE Communications Society predicts a significant global surge in 5G subscriptions. 5G subscriptions increased by 446 million in 2022, Omdia forecasts 5G will account for 5.9 billion subscriptions in 2027 equivalent to a population penetration of 70.9%. Thus, the rising number of 5G subscriptions fueling the growth of the market. In addition to the growing demand for high speed and reliable network connectivity for IoT applications may create lucrative opportunities for the market. However, range limitations may hinder the growth of the market over the forecast year 2023-2030.

The key regions considered for the Global Millimeter Wave Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the broader acceptance of technology in the region and early adopters of emerging technology. Asia Pacific is considered as a fastest growing region during the forecasted period due to developments & upgrades in telecom infrastructure and rapid deployment of 5G technology.

Major market player included in this report are:
Aviat Networks, Inc.
BridgeWave Communications Inc.
E-Band Communications, LLC
Farran Technology
Keysight Technologies
LightPointe Communications, Inc.
Millitech, Inc.
Trex Enterprises Corporation
QuinStar Technology, Inc.
Siklu Communication Ltd.

Recent Developments in the Market:
In February 2023, During the Mobile World Congress (MWC) 2023 event in Barcelona, Spain, Telefonaktiebolaget LM Ericsson and Qualcomm Technologies, Inc. unveiled the world's first commercially available mobile 5G mmWave network. The network, powered by Ericsson, allowed partners with compatible user devices to access the 5G mmWave network. The event primarily highlighted a variety of 5G mmWave devices powered by Qualcomm Technologies' Snapdragon mobile platforms.

Global Millimeter Wave Technology Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Product, Component, Application, Frequency Band, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Telecommunication Equipment
Imaging & Scanning Systems
Radar & Satellite Communication Systems

By Component:
Antennas & Transceivers
Amplifiers
Oscillators
Control Devices
Frequency Converters
Passive Components
Others

By Application:
Telecommunications
Military & Defense
Automotive & Transport
Healthcare
Electronics & Semiconductor
Security
By Frequency band:
V-Band
E-Band
Other Frequency Band

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Aviat Networks, Inc.
BridgeWave Communications Inc.
E-Band Communications, LLC
Farran Technology
Keysight Technologies
LightPointe Communications, Inc.
Millitech, Inc.
Trex Enterprises Corporation
QuinStar Technology, Inc.
Siklu Communication Ltd.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.