Press release
Millimeter Wave Technology Market worth $12.67 billion by 2030, growing at a CAGR of 18.67% - Exclusive Report by 360iResearch
Millimeter Wave Technology Market | 360iResearch
The Global Millimeter Wave Technology Market to grow from USD 3.82 billion in 2023 to USD 12.67 billion by 2030, at a CAGR of 18.67%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/millimeter-wave-technology?utm_source=openpr&utm_medium=referral&utm_campaign=sample
Millimeter wave technology (mmWave) represents a class of wireless communication that operates in the extremely high-frequency range of the electromagnetic spectrum, specifically between 30 and 300 gigahertz (GHz). Millimeter wave technology is gaining significant traction for its potential to revolutionize various industries, including telecommunications, imaging, healthcare, automotive, and defense. The global push towards 5G deployment acts as a significant driver for this market's expansion. Rising demand for ADAS features in automobiles propels the adoption of millimeter wave radar systems. Government emphasis on enhancing security measures also contributes to increased demand for millimeter wave based security solutions. However, high attenuation rates due to adverse weather conditions and short-range capabilities of millimeter waves limit their widespread adoption. Market players are working on advancements in antenna design and materials science to improve signal propagation characteristics while minimizing energy loss. They are also developing new modulation schemes and channel coding techniques that can help optimize data transmission efficiency.
In the Americas, the United States and Canada observe a rising trend in mmWave technology development with a strong focus on 5G networks. Major companies are investing heavily in mmWave research to facilitate faster internet connectivity. They are working in collaboration with local operators and government bodies to develop tailored solutions catering to regional requirements. Europe has been proactive in promoting mmWave technology adoption through research & development activities backed by private and public investment. The European Telecommunications Standards Institute (ETSI) has been instrumental in establishing standards for mmWave applications, while individual EU nations have been conducting auctions to assign mmWave spectrum to operators. The Middle East's investments into smart cities and Industry 4.0 are driving demand for mmWave solutions to enable high-speed connectivity and support IoT devices in these environments. In Asia, countries such as China, Japan, and South Korea are actively exploring mmWave technology for advanced communication systems. These countries are investing in mmWave research as it prepares to launch its 5G networks and has formed partnerships with global players to advance its capabilities in this area.
Market Segmentation & Coverage:
This research report categorizes the Millimeter Wave Technology Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on System, market is studied across Radar & Satellite Communication Systems, Scanner Systems, and Telecommunication Equipment. The Telecommunication Equipment commanded largest market share of 46.72% in 2023, followed by Radar & Satellite Communication Systems.
Based on Product, market is studied across Antennas & Transceiver, Communication & Networking, Frequency Sources & Related, Imaging Components, Interface, Power & Battery, RF & Radio, and Sensors & Controls. The Antennas & Transceiver commanded largest market share of 23.55% in 2023, followed by Communication & Networking.
Based on Frequency Band, market is studied across 57-95 GHz, 95-300 GHz, and Below 57 GHz. The 57-95 GHz commanded largest market share of 43.60% in 2023, followed by 95-300 GHz.
Based on License Type, market is studied across Fully Licensed Frequency Millimeter Wave and Unlicensed Frequency Millimeter Wave. The Fully Licensed Frequency Millimeter Wave commanded largest market share of 78.30% in 2023, followed by Unlicensed Frequency Millimeter Wave.
Based on Component, market is studied across Amplifiers, Attenuators, Circulators, Couplers, Filters, Isolators, Mixers, and Shifters. The Amplifiers commanded largest market share of 26.15% in 2023, followed by Filters.
Based on Application, market is studied across Automotive, Consumer, Industrial, Medical, Military, Defense & Aerospace, and Telecom/Datacom. The Telecom/Datacom commanded largest market share of 28.01% in 2023, followed by Military, Defense & Aerospace.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.52% in 2023, followed by Europe, Middle East & Africa.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/millimeter-wave-technology?utm_source=openpr&utm_medium=referral&utm_campaign=inquire
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Millimeter Wave Technology Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Millimeter Wave Technology Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Millimeter Wave Technology Market, highlighting leading vendors and their innovative profiles. These include Analog Devices, Inc., Asahi Kasei Microdevices Corporation, Axxcss Wireless Solutions, Inc., bq microwave, Broadcom Inc., CableFree: Wireless Excellence, Cisco Systems, Inc., Dalian Iflabel Technology Co., Ltd., Denso Corporation, Deutsche Telekom AG, ELVA-1 Microwave Handelsbolag, Eravant, Farran Technology Ltd., Fujikura Ltd., Fujitsu Limited, HFCL Limited, Huawei Technologies Co., Ltd., Keysight Technologies, Inc., Kyocera Corporation, L3Harris Technologies, Inc., Marki Microwave, Inc., MaxLinear, Inc., Millimeter Wave Products, Millimeter Wave Systems, LLC, Mistral Solutions Pvt. Ltd., Mitsubishi Electric Corporation, Movandi Corporation, NEC Corporation, Nokia Corporation, Novelic LLC, NTT DATA Corporation, Nuctech Company Limited, NXP Semiconductors N.V., Qorvo, Inc., QUALCOMM Incorporated, Quantic MWD, QuinStar Technology, Inc., Samsung Electronics Co., Ltd., Siklu Communications, Ltd., SIKORA AG, Smiths Group PLC, Sumitomo Electric Industries, Ltd., Tamagawa Holdings Co., Ltd., Telefonaktiebolaget LM Ericsson, Terasense Group Inc., Texas Instruments Incorporated, Toray Industries, Inc., Vubiq Networks, Inc., and ZTE Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Millimeter Wave Technology Market, by System
7. Millimeter Wave Technology Market, by Product
8. Millimeter Wave Technology Market, by Frequency Band
9. Millimeter Wave Technology Market, by License Type
10. Millimeter Wave Technology Market, by Component
11. Millimeter Wave Technology Market, by Application
12. Americas Millimeter Wave Technology Market
13. Asia-Pacific Millimeter Wave Technology Market
14. Europe, Middle East & Africa Millimeter Wave Technology Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Millimeter Wave Technology Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Millimeter Wave Technology Market?
3. What is the competitive strategic window for opportunities in the Millimeter Wave Technology Market?
4. What are the technology trends and regulatory frameworks in the Millimeter Wave Technology Market?
5. What is the market share of the leading vendors in the Millimeter Wave Technology Market?
6. What modes and strategic moves are considered suitable for entering the Millimeter Wave Technology Market?
Read More @ https://www.360iresearch.com/library/intelligence/millimeter-wave-technology?utm_source=openpr&utm_medium=referral&utm_campaign=analyst
Contact 360iResearch
Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Millimeter Wave Technology Market worth $12.67 billion by 2030, growing at a CAGR of 18.67% - Exclusive Report by 360iResearch here
News-ID: 3419355 • Views: …
More Releases from 360iResearch
Rising Incidence of Human Metapneumovirus in Vulnerable Populations Boosts Globa …
In recent years, the silent ascent of human metapneumovirus (HMPV) infections has begun to capture significant attention within the realm of infectious diseases. As we advance in medical science, unraveling complexities of age-old pathogens like common influenza or emerging illnesses like COVID-19, a critical discourse has been emerging around HMPV. Particularly, there seems to be a burgeoning acknowledgment of its growing impact on vulnerable global populations, propelling an increased demand…
The Meat Alternatives Market size was estimated at USD 9.39 billion in 2023 and …
From Appetite to Advocacy: The Rising Demand for Meat Alternatives
In recent years, the global food industry has been undergoing a remarkable transformation, driven primarily by an increasing consumer demand for healthier, sustainable, and ethically sourced food products. This seismic shift has brought traditional meat alternatives and high-protein plant-based foods into the spotlight. As the world becomes more conscious of the implications of meat consumption on health and the environment, the…
The Mobility-as-a-Service Market size was estimated at USD 264.80 billion in 202 …
Unpacking the Surge in Investments and Collaborations to Bolster Mobility-as-a-Service
In recent years, as urban landscapes continually evolve, a transformative shift known as Mobility-as-a-Service (MaaS) has reshaped the way we perceive transportation. Marked by the integration of various forms of transport services into a single accessible on-demand mobility solution, MaaS is rapidly gaining traction across global cities. As an emerging paradigm, it's not just shaping the future of travel but also…
The Data Center Services Market size was estimated at USD 56.65 billion in 2023 …
Smart City Revolutions: Why Data Center Colocation is the Future Backbone
In the era of digital transformation, urban landscapes across the globe are undergoing a seismic shift toward becoming "smart cities." The concept of a smart city revolves around using digital technology, IoT (Internet of Things), AI, and data analytics at an unprecedented scale to improve urban infrastructure, manage resources efficiently, and enhance the quality of life for citizens. A vital…
More Releases for Wave
Wave Energy Converters Market Next Big Thing | Marine Power Systems, Eco Wave Po …
Advance Market Analytics published a new research publication on "Global Wave Energy Converters Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Wave Energy Converters market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample…
Wave Energy Market - Major Technology Giants in Buzz Again | OceanEnergy, SINN P …
The latest study released on the Global Wave Energy Market by AMA Research evaluates market size, trend, and forecast to 2027. The Wave Energy Market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in…
Wave Sound Pro 2.0 Reviews: Important Update About Wave Sound Pro
For anyone who travels regularly or enjoys banging their head to the music, wireless headphones are a must-have. The days of tangled cords and clunky headphones are long gone; today, we have wireless earbuds that connect to your smart device quickly and without sacrificing music quality.
The situation is made worse by the fact that there are so many earphones on the market that it's impossible to discern which ones are…
Wave Power Generation Equipments Market 2021 Status and Growth Outlook - Pelamis …
The "Wave Power Generation Equipments" Market report offers qualitative and quantitative insights and a detailed analysis of market size & growth rate for all possible segments in the market. The Global Wave Power Generation Equipments Industry presents a market overview, product details, classification, and market concentration. The report also provides an in-depth survey of key players in the market which is based on various competitive intelligence parameters like company profiles,…
Wave Energy Market Foreseen to Grow Exponentially by 2028 - AWS Ocean Energy, Ec …
Worldwide Wave Energy Market Analysis to 2028 is a specialized and in-depth study of the Wave Energy Industry with a focus on the global market trend. The report aims to provide an overview of global Wave Energy Market with detailed market segmentation by product/application and geography. The global Wave Energy Market is expected to witness high growth during the forecast period. The report provides key statistics on the Market status…
Global Wave and Tidal Energy Market 2020 Business Strategies – Marine Current …
The Zion Market Research added a new report “Wave and Tidal Energy Market by Type (Tidal Energy, Wave Energy) by Technology (Tidal Steam Generator, Pendulor Device, Oscillating Water Columns, Barrage, Others), and by End-User (Residential, Commercial, Industrial): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024” in its database, which provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints,…
