Global Millimeter Wave Technology Market Analysis And Trends, Size, Share And Forecasts To 2029

Market Overview:

The Global Millimeter Wave Technology Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.

Millimeter Wave (MMW) which is also known as millimeter band, E-band, V-band, or Millimeter Wave technology is the spectrum band with wavelengths ranging between 10 millimeters (30 GHz) and 1-millimeter (300 GHz) due to which Millimeter Wave Technology is called as the extremely high frequency (EHF) band by the International Telecommunication Union (ITU). Presently, mmW technology plays a very crucial rule of integrating with emerging high-end technologies like 5G & 6G, IEEE 802.11ad WiGig technology, and others.

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Market Dynamics

Driver:

One of the biggest and fastest-growing markets for millimeter wave technologies is telecommunication. Although it has a constrained operational range, this technology is commonly employed in densely populated places to provide better and higher-bandwidth connectivity than the microwave frequency band. In small cell backhaul applications, it is hence favored. The demand for millimeter wave radios in mobile networks is anticipated to rise significantly, notably in macrocell and microcell backhaul, as the amount of congestion in the world's data traffic rises.

Opportunities:

Over the next five years, wireless networks would experience severe congestion due to the availability of high bandwidth devices. This would accelerate the transition to 5G from the current 3G and 4G technologies. The 5G technology is anticipated to offer aggregate data rates that are 1,000 times and 100 times quicker than the current 3G and 4G data rates, respectively. Globally, further 5G network deployments are anticipated in 2021, laying the groundwork for a rapid uptake of 5G subscribers. It is anticipated that 5G subscription growth would outpace LTE growth during the next five years. A significant aspect is China's early involvement in 5G compared to LTE, for which the nation was not one of the early markets to debut, aside from earlier device availability.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Product
• Telecommunication Equipment
• Imaging & Scanning Systems
• Radar & Satellite Communication Systems

By Component
• Antennas and Transceivers
• Imaging Components
• Amplifiers
• Radio and RF Components
• Frequency Meters
• Others

By License Type
• Light Licensed Frequency
• Unlicensed Frequency
• Fully Licensed Frequency

By Application
• Telecommunication
• Automotive
• Healthcare
• Defense and Security
• Electronics
• Others

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Regional Analysis Of Millimeter Wave Technology Market
The North American region dominates the Market of Millimeter Wave Technology Globally, the region has achieved the largest market size in the last year. The primary reason behind the success of the market in North America is the rapid acceptance and adoption of any advanced and intricate technology by the market players. Prominent countries residing in the region such as the U.S. and Canada are early adopters of upcoming and emerging technologies. Moreover, the region has seen a significant rise in the sales of smartphones, computers, and other telecom devices in the last few years which is eventually followed by the development and usage of several data-intensive software, all this has resulted in the greater demand of mmWave Technologies to advance further to effectuate the market demand. Imaging and Scanning devices using higher bands are also been incorporated at various prominent places in North American Countries. Along with this, the increasing use of Millimeter Bands in healthcare applications like cardiovascular disorders, gastrointestinal disorders, diabetes, wound healing, pain relief, dermatitis, etc. are creating vast possibilities for MMW technology across different sectors in North America.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Key Players For The Global Millimeter Wave Technology Market
• Axxcss Wireless Solution (US)
• NEC Corporation(Japan)
• Siklu Communication Ltd. (Israel)
• Aviat Networks Inc. (US)
• Sage Millimeter Inc. (US)
• Anokiwave Inc. (US)
• Bridgewave Communications Inc. (US)
• TLC Precision Wafer Technology (US)
• Farran Technologies (Ireland)
• Pacific Antenna Systems LLC (US)
• Aura Intelligent Systems Inc. (US)
• Smiths Interconnect Inc. (UK)
• E-band Communications LLC (US)
• MixZon Inc. (US)
• Dymenso LLC ( US) and Other Major Players

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Key Industry Developments in the Global Millimeter Wave Technology Market
In January 2023, NEC Corporation developed a power amplifier that will have an essential role in mobile access and fronthaul/backhaul wireless communication equipment which will help to enable high-speed, high-capacity communications for 5G Advanced and 6G networks. The newly developed power amplifier uses a commercially available 0.1-μm gallium arsenide (GaAs) pseudomorphic high electron mobility transistor (pHEMT) process that has achieved the world's highest output power (*) of 10 mW in the 150 GHz band with high operation voltage and lower initial costs for mass production. With its development, NEC aims to fast-track both equipment development and social implementation.
In November 2022, Anokiwave Inc., an innovative company providing highly integrated silicon ICs for millimeter-wave (mmW) ICs, and MilliBox, a mmW test setup manufacturer, today announced a collaboration to develop a unique and efficient Over the Air (OTA) test capability for mmW phased array antennas that provide an accurate high-volume test capability and that are an important part of the newly emerging mmW 5G and SATCOM communications systems.

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Table of Content: -

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Product
 3.2 By Component
 3.3 By License Type
 3.4 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Millimeter Wave Technology Market by Product

To be Continued…

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