Millimeter Wave Technology Market - Trends Forecast Till 2028

Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), License Type (Unlicensed, Fully Licensed), Application (Mobile and Telecom, Automotive), Component, Frequency Band, and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: June, 2021

Base Year Estimate: 2020

Report ID: D-SE-MVTM-206

Format:  

Number of Pages: 355

Domain: Semiconductors & Electronics

Millimeter Wave Technology Market– Trends Forecast Till 2028

The global millimeter wave technology market is estimated to grow from USD 1.8 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 20.8% in the forecast period 2021-2028

Increase in broadband and mobile speeds, rise in use of millimeter wave in small-cell backhaul networks, and substantial demand in the use of millimeter wave technology in security and radar applications are some of the factors that have supported long-term expansion for Millimeter Wave Technology Market.

Millimeter Wave Technology Market Report

Millimeter Wave Technology Market is segmented into component, product, frequency band, license type, end use and geography.

Component segment is segmented into Antennas & transceiver component, Frequency sources & related components, Communication & networking components, Imaging components, RF & radio components, Sensors & controls, Interface components and Power & battery components.

Product segment is segmented into Scanning systems, Radar and satellite communication system and Telecommunication equipment.

Frequency band segment is segmented into 24–57 GHz, 57–95 GHz and 95–300 GHz.

License segment is segmented into Light licensed frequency millimeter wave, unlicensed frequency millimeter wave and fully licensed frequency millimeter wave.

End use segment is segmented into Mobile & telecom, Consumer & commercial, Healthcare, Industrial, Automotive & transportation and Imaging.

Geographically, Millimeter Wave Technology Market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Key players in Millimeter Wave Technology Market are Axxcss Wireless Solutions (US), NEC Corporation (Japan), Siklu Communication (Israel), L3HARRIS (US), Smiths Group (UK), Eravant (US), Aviat Networks (US), Farran Technologies (Ireland), and Millimeter Wave Products (US).

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conference like Jefferies conference)—to identify and collect information useful for this study of the Millimeter wave technology market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global Millimeter wave technology market. Through secondary the market is classified and segmented as per of industry trend, development, regional market. Product and technology development.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.

The primary Respondent breakdown is given below:

Millimeter Wave Technology Market Primary Respondent

 

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validating the total revenue of the Millimeter wave technology market. This approach has also been used to derive the market for segmentation and sub-segmentation.

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for millimeter wave technology market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns 

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 1.8 billion

Growth Rate

CAGR of 20.8% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Product, Application, End-User and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Axxcss Wireless Solutions (US), NEC Corporation (Japan), Siklu Communication (Israel), L3HARRIS (US), Smiths Group (UK), Eravant (US), Aviat Networks (US), Farran Technologies (Ireland), and Millimeter Wave Products (US)

Available Customization

In addition to the market data for Millimeter Wave Technology Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

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