Press release
Exploring the mmWave 5G Market: Projections, Key Players, Drivers and Trends
Exploring the mmWave 5G Market
The rapidly growing mmWave 5G market and its projections narrate a tale of innovation, elevated connectivity and cross-industry collaboration in the digital world.
What Is The Projected Market Size Of The Global mmWave 5G Market And Its Growth Rate?
The mmWave 5G market, demonstrating robust growth, anticipates the following milestones:
• 2024 Market Size: $3.38 billion
• 2025 Market Size: $3.85 billion (14.1% CAGR)
• 2029 Market Size: $6.66 billion (14.7% CAGR)
The market growth is stimulated by factors including development and adoption of 5G standards, escalating consumer and enterprise data needs, urbanization and smart city initiatives. In the forecast period, growth is expected to spike due to 6G development, enhanced security measures, rural connectivity initiatives, and quantum communication research.
What Is Driving The Growth In The mmWave 5G Market?
The dominant driving force catalyzing the growth in the mmWave 5G market is rapid digitalization of enterprises. The integration of digital technology into business processes is a major aspect of digital transformation. The superior internet speeds offered by mmWave 5G technology facilitates data transfer for businesses, thus propelling growth in digitalization. As cited by a 2023 report from the Commonwealth Scientific and Industrial Research Organization (CSIRO), around 68% of businesses in Australia have adopted artificial intelligence (AI) technologies, with a further 23% intending to implement them within the next year. This underscores the pivotal role of digitalization in boosting the mmWave 5G market.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=8073&type=smp
Who Are the Key Players Driving mmWave 5G Market Growth?
The following major companies hold the reins in the rapidly progressing mmWave 5G market:
• Samsung Electronics Co Ltd.
• Verizon Communications Inc.
• AT&T Inc.
• Huawei Technologies Co Ltd.
• Intel Corporation
• Qualcomm Incorporated
• NEC Corporation
• Nokia Corporation
• Telefonaktiebolaget LM Ericsson
• ZTE Corporation
• NXP Semiconductors N.V.
• Analog Devices Inc.
• Microchip Technology Inc.
• Skyworks Solutions Inc.
• Keysight Technologies Inc.
• Qorvo Inc.
• Rohde & Schwarz GmbH & Co KG
• Viavi Solutions Inc.
• Xilinx Inc.
• MACOM Technology Solutions Holdings Inc.
What Are The Key Trends In The mmWave 5G Market?
Emerging trends in the mmWave 5G market include:
• Autonomous vehicles connectivity
• Smart infrastructure development
• Smart grids
• 5G in agriculture
• Enhanced fixed wireless access (FWA)
What Are The Segments Of The Global mmWave 5G Market?
The global mmWave 5G market is segmented as follows:
• By Component: Hardware, Solutions, Services
• By Bandwidth: 24GHz to 57GHz, 57GHz to 95GHz, 95GHz to 300GHz
• By Use Case: eMBB, FWA, mMTC, URLLC
• By Application: Real-time Surveillance Cameras, AR and VR, Industry 4.0, Live Streaming, Transport Connectivity, Ultra High-definition Video, Other Applications
• By End User: Aerospace and Defense, Telecom, Media and Entertainment, Automotive and Transportation, Public Safety, Healthcare and Life Sciences, Other End Users
Which Region Leads The mmWave 5G Market?
North America spearheaded the mmWave 5G market in 2024, establishing itself as the largest region in terms of market share. The regions covered in the mmWave 5G market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/mmwave-5g-global-market-report
What Is Covered In The mmWave 5G Market Global Market Report?
- Market Size Analysis: Analyze the mmWave 5G Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the mmWave 5G Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall mmWave 5G Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the mmWave 5G Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/customise?id=8073&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company offers comprehensive, data-rich research and insights. With over 15,000+ reports from 27 industries covering 60+ geographies and armed with 1,500,000 datasets, it thrives on in-depth secondary research and unique insights from industry leaders for informed decision-making. The Global Market Model (GMM) remains its premier market intelligence platform delivering comprehensive and updated forecasts.
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 Exploring the mmWave 5G Market: Projections, Key Players, Drivers and Trends here
News-ID: 3841151 • Views: …
More Releases from The Business research company
Comprehensive Insights Into The Global Electric Bikes And Scooters Market: Key G …
The electric bikes and scooters report outlines and analyzes the electric bikes and scooters (excluding e-mopeds or 2-wheelers) market, covering the historic period 2019-2024 and the forecast period 2024-2029 and 2034F. The study examines the market across all regions and major regional economies.
The global electric bikes and scooters (excluding e-mopeds or 2 wheelers) market was valued at approximately $43.09310 billion in 2024, reflecting a CAGR of 12.12% since 2019. The…
Geothermal Heat Pump Market Report 2025: Size, Trends, and Key Growth Insights f …
The geothermal heat pump report outlines and analyzes the geothermal heat pump market, covering 2019-2024 as the historic period and 2024-2029, 2034F as the forecast period. The report examines the market across every region and assesses major economies within each region.
The global geothermal heat pump market reached $4.40620 billion in 2024, increasing at a CAGR of 5.70% since 2019. The market is projected to grow from $4.40620 billion in 2024…
Major Growth Driver Identified in 2025 VFX In Advertising Market: The Rise Of So …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
VFX In Advertising Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over the past several years, the market size of vfx in advertising has seen robust growth. It is expected to expand from $2.8 billion in 2024 to a staggering $3.03 billion in 2025, exhibiting…
Driving Web Content, Search Portals And Social Media Market Growth in 2025: The …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Web Content, Search Portals And Social Media Market Size Growth Forecast: What to Expect by 2025?
The market size for web content, search portals, and social media has seen quick expansion in the past few years. It's projected to expand from $682.14 billion in 2024 to $768.29 billion in…
More Releases for Exploring
Exploring Best IT Infrastructure Monitoring Tools
In the intricate web of modern technological ecosystems, the heartbeat of an organization's efficiency lies within its IT infrastructure. From the servers humming with data to the intricate network of applications interwoven seamlessly, maintaining the stability and security of this infrastructure is paramount. This is where IT Infrastructure Monitoring Tools step in as silent guardians, vigilantly watching over the digital landscape, ensuring smooth operations, detecting anomalies, and fortifying against potential…
Exploring the Drop Shipping Market 2029
The drop shipping market has experienced significant growth over recent years, establishing itself as a key component in the global e-commerce ecosystem. This business model, characterized by minimal upfront investment and inventory-free operations, appeals to entrepreneurs and businesses aiming to enter the online retail sector. Below, we explore the drop shipping market through its overview, scope, emerging trends, and influential factors.
Browse More About This Research Report @ https://www.databridgemarketresearch.com/reports/global-drop-shipping-market
Overview of the…
Exploring the Medical Exoskeleton Market
The medical exoskeleton market is at the forefront of innovation in assistive technology, offering transformative solutions for individuals with mobility impairments. Medical exoskeletons are wearable devices designed to enhance or restore physical movement in patients with conditions such as spinal cord injuries, stroke, and muscular dystrophy. This post delves into the medical exoskeleton market, examining its size, share, opportunities, challenges, demand, and trends.
Introduction
Medical exoskeletons are advanced robotic systems worn on…
Exploring UL Certifications for Lighting Fixtures
When selecting lighting fixtures for different environments, ensuring safety and compliance with industry standards is first. The UL, or Underwriters Laboratories. As a globally recognized independent organization, UL sets the bar for product safety and performance across various industries. With over 60 laboratories worldwide, UL rigorously tests and certifies products to ensure they meet stringent safety standards.
Understanding UL certifications is crucial for making informed decisions when choosing lighting fixtures…
Exploring Acromegaly Treatment Market Growth
The global acromegaly treatment market is experiencing robust growth, with no signs of slowing down. In 2023, this market reached a significant milestone, boasting a total value of USD 1.61 billion. The future looks even more promising, with a projected compound annual growth rate (CAGR) of 7.65% from 2024 to 2032. By the end of this period, the market is expected to soar to approximately USD 3.12 billion. But what's…
Exploring "emo-eating"
While fear and aggression tend to curb our appetite, sadness and frustration seem to stimulate it. A project funded by the Austrian Science Fund FWF looks into the connections between mood and overeating in healthy and bulimic individuals.
We know how it feels to look forward to our favourite dish; we are familiar with the notions of comfort food and feeling butterflies in the stomach instead of hunger. In eating…
