Millimeter Wave Technology Market Size | COVID-19 Impact Analysis | Forecast to 2027

The global millimeter wave technology market is estimated to grow from USD 1.0 billion in 2020 to USD 3.4 billion by 2025, at a CAGR of 26.4%. Increase in broadband and mobile speeds with growing utility and demand, rise in usage of millimeter wave in small-cell backhaul networks, and substantial demand in the use of millimeter wave technology in security and radar applications are among the factors driving the growth of this market.

A full report of Millimeter Wave Technology Market is available at: https://www.orionmarketreports.com/millimeter-wave-technology-market/11868/

Key Market Players

Axxcss Wireless Solutions (US), Keysight Technologies (US), NEC Corporation (Japan), Eravant (US), Siklu Communication (Japan), Aviat Networks (US), Farran Technologies (Ireland), L3HARRIS (US), Smiths Group (UK), and Millimeter Wave Products (US) are a few major companies operating in the millimeter wave technology market. These companies have adopted both organic and inorganic growth strategies such as product launches and installations, contracts, mergers, collaborations, partnerships, and expansions to strengthen their position in the market.

Millimeter Wave Technology Market Key Segments:

By Component

• Antennas & transceiver components
• Frequency sources & related components
• Communication & networking components
• Imaging components
• RF & radio components
• Sensors & controls
• Interface components
• Power & battery components
• Other components

By Product

• Scanner systems
• Radar and satellite communication systems
• Telecommunication equipment
• Other products

By Frequency Band

• 24–57 GHz
• 57–86 GHz
• 86–300 GHz

By License Type

• Light licensed frequency millimeter wave
• Unlicensed frequency millimeter wave
• Fully licensed frequency millimeter wave

By Application

• Mobile & telecom
• Consumer & commercial
• Healthcare
• Industrial
• Automotive & transportation
• Imaging

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Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Millimeter Wave Technology Market Report

• What was the Millimeter Wave Technology Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2021-2027).
• What will be the CAGR of Millimeter Wave Technology Market during the forecast period (2021-2027)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2021-2027)?
• Which manufacturer/vendor/players in the Millimeter Wave Technology Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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This release was published on openPR.