The Global Millimeter Wave Technology Market size is anticipated to grow at a CAGR of around 36% during the forecast period, i.e., 2021-26. According to MarkNtel Advisors Study.
Global Millimeter Wave Technology Market Driver:
Rise in Mobile & Broadband Data Speeds: Broadband speed is the most critical factor that has accelerated IP traffic & consumption of high-bandwidth content. It is expected that between 2020 & 2025, the global average broadband speed is likely to grow two folds, from 62.5 Mbps to > 130 Mbps, due to the mounting adoption of Fiber-to-the-Home (FTTH), cable broadband, & high-speed DSL.
Furthermore, the increasing deployment of 5G technology using millimeter wave spectrum for low-latency, high-capacity fixed wireless broadband networks is also fueling the overall market growth. Millimeter-wave frequencies allow the usage of narrow beamwidth antennas that enables power to be directed to where it is required with a high-speed capacity.
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Key Market Reports Highlights
· Market Dimensions & Projections
· Pricing Evaluation
· Recent Strategic Moves by Companies
· Primary Stakeholders
· Import/Export Trend Analysis
· Competitive Landscape Assessment
· Emerging Opportunities
· Market Trends and Indicators
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Global Millimeter Wave Technology Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2020
-Historical Period: 2016 to 2019
-Forecast Period: 2021 to 2026
- By Product
- Telecommunication equipment
- Mobile backhaul equipment
- Small-cell equipment
- Macro-cell equipment
- Scanning Systems
- Active System
- Passive System
- Radar and Satellite Communication Systems
- Telecommunication equipment
- By Component
- Antennas & Transceivers
- Frequency Sources & Related Components
- Communication & Networking Components
- Imaging Components
- RF & Radio Components
- Sensors & Controls
- Interface Controls
- Power & Battery Components
- Others
- By License Type
- Light licensed
- Unlicensed frequency
- Fully licensed frequency
- By Frequency Band
- 30 GHz to 57 GHz
- 57 GHz to 96 GHz
- 96 GHz to 300 GHz
- By Application
- Telecommunication
- Military & Defense
- Healthcare
- Automotive & Transport
- Electronics & Semi-conductor
- Security
- By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including - Lightpointe Communications, Inc., Millitech, Inc., Bridgewave Communications, QuinStar Technology, Inc., Eravant (Sage Millimeter, Inc.), Cablefree: Wireless Excellence, E-Band Communications, Llc., Farran Technology, Aviat Networks, Inc., NEC Corporation, Siklu Communication Ltd., Trex Enterprises Corporation. are looking forward to strengthening their market positions.
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