Press release
Millimeter Wave Technology Market Growth, Size, Trends, Shares, By Top Players, with Forecast 2031 | Anritsu Corporation, Rohde & Schwarz GmbH & Co KG, NEC Corporation, L3Harris Technologies Inc
The Millimeter Wave Technology Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Millimeter Wave Technology market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.Download a Free sample PDF (Use Corporate email ID to Get Higher Priority) at: https://datamintelligence.com/download-sample/millimeter-wave-technology-market
Global Millimeter Wave Technology Market reached US$ 2.8 Billion in 2023 and is expected to reach US$ 13.7 Billion by 2031, growing with a CAGR of 8.2% during the forecast period 2024-2031.
Millimeter Wave Technology: Millimeter wave (MMW) technology refers to electromagnetic waves with wavelengths in the millimeter range, typically between 1 millimeter and 10 millimeters, corresponding to frequencies between 30 GHz and 300 GHz. This technology is used in a variety of applications, including high-speed wireless communication systems (such as 5G networks), radar, satellite communications, and security scanning. Millimeter waves offer high bandwidth and data transfer rates but are more sensitive to atmospheric interference and require advanced beamforming techniques to ensure stable transmission over longer distances.
Competitive Landscape
The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as:
Keysight Technologies, Anritsu Corporation, Rohde & Schwarz GmbH & Co KG, NEC Corporation, L3Harris Technologies, Inc., Smiths Interconnect, Siklu Communication Ltd., E-Band Communications, LLC, Farran Technology Ltd. and SAGE Millimeter, Inc
Key Developments:
❁ On September 5, 2023, ZTE launched the world's first ultra-high-bandwidth mmWave AAU, supporting 1.2 GHz bandwidth and above, with a maximum bandwidth of 1.6 GHz. During the live on-site demonstration, the company utilized the NR-DC mode along with AIS's 1.2 GHz bandwidth millimeter-wave spectrum.
❁ On August 28, 2023, Fujitsu unveiled pioneering millimeter-wave chip technology for 5G radio units, developed under Japan's New Energy and Industrial Technology Development Organisation (NEDO) as part of the "Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems."
❁ On August 8, 2023, Marki Microwave acquired a precision millimeter-wave business, strengthening its presence in the emerging sub-THz and millimeter-wave industries. This acquisition enables the company to develop innovative solutions by combining traditional board-level connection techniques with waveguide technology.
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Market Segments
The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Millimeter Wave Technology market has been segmented:
By Product: Scanner Systems, Radar and Satellite Communications Systems
By Frequency Band: 24 GHz to 57 GHz, 57 GHz to 86 GHz, 86 GHz to 300 GHz, Others
By License Type: Light Licensed Frequency Millimeter Wave, Unlicensed Frequency Millimeter Wave, Fully Licensed Frequency Millimeter Wave
By Components: Antennas and Transceiver Components, Frequency Sources and Related Components, Communication and Networking Components, Imaging Components, Sensors and Controls, Others
By Application: Mobile and Telecom, Consumer and Commercial, Healthcare, Industrial, Defense, Others
Research Process
Both primary and secondary data sources have been used in the global Millimeter Wave Technology Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Regional Analysis for Millimeter Wave Technology Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
Chapter Outline
⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Millimeter Wave Technology market segments, study objectives, and years considered.
⏩ Market Landscape: The competition in the Global Millimeter Wave Technology Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.
⏩ Companies Profiles: The global Millimeter Wave Technology market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.
⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.
⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Millimeter Wave Technology Market.
⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
⏩ Research Findings: This section of the report showcases the findings and analysis of the report.
⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.
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Frequently asked questions:
➠ What is the global sales value, production value, consumption value, import and export of Millimeter Wave Technology market?
➠ Who are the global key manufacturers of the Millimeter Wave Technology Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?
➠ What are the Millimeter Wave Technology market opportunities and threats faced by the vendors in the global Millimeter Wave Technology Industry?
➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➠ What focused approach and constraints are holding the Millimeter Wave Technology market?
➠ What are the different sales, marketing, and distribution channels in the global industry?
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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