Millimeter Wave Technology Market To Grow at CAGR 36.5% Between 2018-2026: NEC Corporation, Aviat Networks, Keysight Technologies, Inc., Ducommun Incorporated

Millimeter Wave Technology Market Analysis and Overview:

According to Polaris Market Research, The Global Millimeter Wave Technology Market was valued at USD 567 million in 2018 and is projected to reach USD 6,752 Million by 2026, growing at a CAGR of 36.5% from 2018 to 2026.

The millimeter wave region of the electromagnetic spectrum corresponds to radio band frequencies of 30 GHz to 300 GHz. The high frequency of millimeter waves, and their propagation characteristics make them useful for a variety of applications such as transmitting large amounts of computer data, cellular communications, and radar.

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The factors driving the Millimeter Wave Technology market include rising demand for bandwidth intensive applications, and increasing mobile traffic. The growing demand for high speed data connectivity has increased the adoption of Millimeter Wave Technology across the globe. The evolution of 5G technology further, and increasing use in small-cell backhaul networks support the Millimeter Wave Technology market growth. The increasing adoption of advanced networking technologies, and growing development of autonomous vehicles boost the growth of the Millimeter Wave Technology industry.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Millimeter Wave Technology Market, 2018-2026. The Millimeter Wave Technology market report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

North America generated the highest revenue in 2018 owing to high penetration of mobile devices, and rising demand for mobility services in the region. The increasing adoption of cloud technologies, and testing of 5G technology in the region further supports Millimeter Wave Technology market growth.

Competitive Landscape and Key Vendors

The global Millimeter Wave Technology market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the Millimeter Wave Technology industry. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their Millimeter Wave Technology market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies profiled in the Millimeter Wave Technology market report include NEC Corporation, Siklu Communication Ltd, Bridgewave Communications, Inc., E-Band Communications, LLC, Aviat Networks, Inc., Millitech, Inc., Millimeter Wave Products Inc., Farran Technology, Ltd, Keysight Technologies, Inc., and Ducommun Incorporated.

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Key Segments

Product

• Scanner Systems
• Radar and Satellite Communications Systems
• Telecommunication Equipment

Frequency Band

• 24 GHz and 57 GHz
• 57 GHz and 86 GHz
• 86 GHz and 300 GHz

End-User

• Mobile & Telecom
• Healthcare
• Commercial
• Industrial
• Consumer
• Automotive
• Defense
• Others

Region

• North America

o U.S.
o Canada
o Mexico

• Europe

o Germany
o UK
o France
o Italy
o Rest of Europe

• Asia-Pacific

o China
o India
o Japan
o Rest of Asia-Pacific

• Latin America

o Brazil
o Rest of Latin America

• Middle East and Africa

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