MmWave 5G Market to Witness Heightened Revenue of USD 18.21 Bn by 2030, Exhibiting a CAGR of +16%| NXP Semiconductors, Airspan Networks, AT&T, Fastweb

mmWave 5G has the potential to improve the next-generation wireless communication. A cutting-edge cellular technology called 5G mmWave gives users access to the bandwidth and capacity in the frequency range above 24GHz. 5G millimeter waves are now being used in wireless ecosystems and are continuing to gain popularity all over the world.

The global demand for mmWave 5G Market is presumed to reach the market size of nearly USD 18.21 BN by 2030 from USD 5.25 BN in 2022 with a CAGR of +16% under the study period 2023 - 2030.

The global market for MmWave 5G is highly competitive in nature and is projected to remain in a similar situation in the next few years, according to a new market research study by GMV. It is moderately consolidated in nature with a few numbers of players holding a major share of the market. The key players in the market are focusing on the expansion of the product portfolio, which is predicted to enhance the market penetration in the next few years. In addition to this, the rising number of mergers and acquisitions is projected to support the growth of the overall market in the coming few years.

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Top Key Vendors:
NXP Semiconductors (Netherlands), Airspan Networks (US), AT&T (US), Fastweb (Italy), SoftBank (Japan), Corning (US), Nokia (Finland), Mavenir (US), NTT DOCOMO (Japan), AMD (California), Huawei (China), Qualcomm (US), Ericsson (Sweden), Verizon Communications Inc. (US), Rakuten Mobile (Japan), Singtel (Singapore), Samsung (South Korea), Fujitsu (Japan), Renesas Electronics Corporation (Japan), Keysight Technologies (US), Movandi (US), JMA Wireless (US), Sivers Semiconductors (Sweden), ALCAN systems (Germany), Verana Networks (US), Pivotal Commware (US), Pharrowtech (Belgium).

Global MmWave 5G Market Segmentation:
By Component:
• Hardware
o Antennas and Transceiver Components
o Communication and Networking Components
o Frequency and Sources and Related Components
o RF and Radio Components
o Sensors and Controls
o Power and Battery Components
o Other Hardware
• Solutions
• Services
o Professional Services
 Consulting
 Development and Integration
 Support and Maintenance
o Managed Services

By Use Case:
• eMBB
• FWA
• mMTC
• URLLC

By Application:
• Real-time Survilliance Cameras
• AR/VR
• Industry 4.0
• Live Streaming
• Transport Connectivity
• Ultra High-definition Video
• Other Applications

By Bandwidth:
• 24GHz to 57GHz
• 57GHz to 95GHz
• 95GHz to 300GHz

By End User:
• Aerospace and Defense
• Telecom
• Media and Entertainment
• Automotive and Transportation
• Public Safety
• Healthcare and Life Sciences
• Other End Users

The global market for MmWave 5G Market has been categorized on the basis of geography into Europe, North America, Latin America, the Middle East and Africa, and Asia Pacific. Among these, North America is expected to account for a large share of the global market in the next few years. The increasing popularity of cloud-based SCADA is one of the major factors estimated to encourage the growth of this region in the next few years. Furthermore, Europe is projected to witness healthy growth in the coming years. On the other hand, Asia Pacific is projected to register a strong growth rate in the next few years, thanks to the rising demand for employing efficient processes.

MmWave 5G market report prepares to understand upcoming challenges and take benefit of lucrative opportunities by giving a comprehensive study of market situations. MmWave 5G market report also benefits to set new business objectives with changes in customer needs, customer preferences, and the vendor landscape of the global market.
Further, the report begins to consider the world's most robust players performing in the industry. The report profoundly examines their production process, manufacturing capacity, plant locations, supply system, raw material sources, production cost, value chain, and pricing structure. It also offers intact assessment and forecast estimations for market size, share, profitability, revenue outcome, and CAGR.

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Porter's five and SWOT analyses have been utilized to scrutinize the MmWave 5G market. Moreover, it offers some significant approaches, which helps to tackle the risks and challenges in front of the businesses. Some important questions have been addressed in this report, which helps to focus on different ways to find out the desired solutions.

Table of Contents:-
Chapter 1: Industry Overview of MmWave 5G Market
Chapter 2: Market Competition Analysis by Players
Chapter 3: Company (Top Players) Profiles
Chapter 4: Market Size by Type and Application (2014-2023)
Chapter 5: United States Market Status and Outlook 2023-2030
Chapter 6: EU Market Status and Outlook 2023-2030
Chapter 7: Japan Market Status and Outlook 2023-2030
Chapter 8: China Market Status and Outlook 2023-2030
Chapter 9: India Market Status and Outlook 2023-2030
Chapter 10: Southeast Asia Market Status and Outlook 2023-2030
Chapter 11: Market Forecast by Regions, Type and Application (2023-2030)
Chapter 12 MmWave 5G Market Dynamics
Chapter 13 Market Effect Factors Analysis
Chapter 14 Research Finding/Conclusion
Chapter 15 Appendix

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This release was published on openPR.