Millimeter Wave Technology Market Set to Witness Massive Growth by 2025

Global Millimeter Wave Technology Market Size, Status and Forecast 2021-2025

The Millimeter Wave Technology market report is the most important research for who looks for complete information on the Millimeter Wave Technology market. The report covers all information on the global and regional markets including historic and future trends for market demand, size, trading, supply, competitors, and prices as well as global predominant vendor’s information. The forecast market information, SWOT analysis, Millimeter Wave Technology market scenario, and feasibility study are the vital aspects analyzed in this report.

The Millimeter Wave Technology Market was valued at USD 296.70 million in 2019 and is expected to reach USD 1.8 billion by 2025, at a CAGR of 34.56% over the forecast period 2020 - 2025.

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Top Leading Companies of Global Millimeter Wave Technology Market are Siklu Communication, Ltd, Bridgewave Communications Inc. (Remec Broadband Wireless International), E-band Communications LLC (Axxcss Wireless Solutions Inc.), Millimeter Wave Products Inc., Ducommun Incorporated, SAGE Millimeter, Inc., Keysight Technologies, Inc., Farran Technology Ltd, LightPointe Communications, Inc., NEC Corporation, L3Harris Technologies Inc. and others.

Latest Industry News:

- In March 2020 - Keysight Technologies, Inc. offered enhanced UXR Oscilloscopes to accelerate the development of next-generation mmWave communications and applications. The UXR0051AP Infiniium UXR-Series Oscilloscope provides a frequency range of 110 GHz across standard analysis bandwidth and analyzes millimeter-wave 1x1 and 2x2 MIMO 5G NR communication links._
- In January 2020 - NEC Corporation announced the development of millimeter-wave distributed antennas for the efficient use of a 5G millimeter-wave spectrum across the 28GHz band._

Antennas & Transceiver Hold Significant Market Share

- The millimeter waves operate at very high frequencies and tend to cover a range of 1mm to 10mm, and hence, they do not travel far. With shorter wavelengths, the 71-76 GHz, 81-86 GHz, and 92-95 GHz (70/80/90 GHz) bands are permitted to use smaller antennas, in comparison to similar circumstances for the lower bands. This also gives directivity and high gain._
- With these antennas susceptible to easy blockage, usage of boosters and multiple mm-based antennas has been among the potential solution. For instance, back in 2018, Qualcomm produced an antenna array made up of four antennas, small enough to fit inside a smartphone and capable of handshaking with 5G cell sites._
- Mm-wave technology has profoundly impacted the evolution of the radar sensors and has offered significant capabilities and efficiency improvements. The automobile industry is expected to benefit from this development. The increasing AEB (automatic emergency braking) applications in the 77 GHz radar market is one such indicator of the opportunities held in the market. Innovation, in collaboration with end-users of the market, is expected to lead to the adoption of advanced products, to reduce the development to the market time of these mmWave antennas._
- The reach limitations make it a high potential solution for applications that require to be used in fixed boundaries. The industry floor is expected to exploit these and emerge among the early adopters. With the recent focus on safety, such as the release of new federal guidance for automated vehicles, for instance, Automated Vehicles 3.0 by the NHTSA, the market potential has been extended for use in the mid-end cars._

North America is Expected to Hold Major Market Share

- In the North American region, the telecom service providers, such as AT&T and Verizon, have been tapping into the millimeter-wave frequencies to roll-out commercial 5G services. The adoption needs the impetus from the standard-setting organizations to support further development of 5G. The US Federal Communications Commission has been directing the same by spectrum launch, as it gains momentum, and innovation is further witnessed across 5G and cellular antennas._
- Mobile operators have started to focus on active antennas and mmWave, while multiple startups in the region seem to flourish, with Airways, Lightpointe, and Fractal Antennas being such instances. Vendor related activity is likely to spur across mmWave 5G networks in terms of intellectual property._
- As of January 2020, TeraGo, a provider of cloud, colocation, and connectivity services in Canada, announced the commencement of 5G millimeter wave technical trials in Toronto Area and Greater Golden Horseshoe Area by the first quarter of 2020. The company further looked for equipment from Nokia. Additionally, the trials use 24 and 38 GHz frequency bands using both ISED developmental licenses and TeraGo's owned licensed spectrum. _
- With the planned release in mid-2020, the 802.11ax standard would enable speeds of 10 Gbps, up to 40% faster than Wave 2 802.11ac. Factors such as the massive volume of data that is getting generated and the IoT future with all the devices connected to create a smart environment, are expected to further drive the demand in this regional market. _
- Adoption of AR, VR, and HD resolutions has led to colossal-sized content generation and is expected to motivate further the service providers and the stakeholders in the market to upgrade their communication infrastructure. Additionally, investments in the self-driving car's market, the automobile industry for connected cars' future, and industry 4.0 are expected to drive mm-wave technology in the supporting infrastructure across North America._

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Crucial Elements from the Table of Contents of Global Millimeter Wave Technology Market:

- Millimeter Wave Technology Market Overview
- Global Millimeter Wave Technology Market Competition, Profiles/Analysis, Strategies
- Global Millimeter Wave Technology Capacity, Production, Revenue (Value) by Region (2016-2021)
- Global Millimeter Wave Technology Supply (Production), Consumption, Export, Import by Region (2016-2021)
- Global Millimeter Wave Technology Market Regional Highlights
- Industrial Chain, Sourcing Strategy, and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Market Decisions for the present scenario
- Global Millimeter Wave Technology Market Forecast (2021-2025)
- Case Studies
- Research Findings and Conclusion

The research includes historic data from 2016 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Millimeter Wave Technology Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. The Millimeter Wave Technology industry report additionally presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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