Millimeter Wave Technology Market Size USD 3.88 Billion By 2027 At A CAGR Of 37.1% - Valuates Reports

India - English

News provided by

Dec 15, 2020, 09:30 ET

BANGALORE, India, Dec. 15, 2020 /PRNewswire/ -- Millimeter Wave Technology Market is segmented by Component (Solution and Services), Deployment (On-Premise and Cloud), End User (Commercial, Individual and Others), Application (Access VPN, Intranet VPN, Extranet VPN and Others). This report is published on Valuates Reports in the Internet & Telecom Category. It also covers Global & Regional Opportunity Analysis and Industry Forecast to 2027.

The global millimeter wave technology market size is expected to reach USD 3.88 Billion by 2027 from USD 369.9 Million in 2019, growing at a CAGR of 37.1% from 2020 to 2027.

Major factors driving the growth of Millimeter Wave Technology Market size are, increase in broadband and mobile speeds with growing utility and demand, rise in usage of millimeter waves in small-cell backhaul networks, and substantial demand in the use of millimeter wave technology in security and radar applications.

This study comprises an analytical depiction of the global millimeter wave technology market size and shares along with the current trends and future estimations to depict the imminent investment pockets.

Inquire For Sample Report: https://reports.valuates.com/request/sample/ALLI-Manu-3C42/Millimeter_Wave_Technology_Market

TRENDS INFLUENCING THE MILLIMETER WAVE TECHNOLOGY MARKET SIZE

The increase in demand for connected devices among consumers, such as smartphones, tablets, and others, is driving the growth of millimeter wave technology market size. Millimeter wave technology provides various advantages over fiber optics, such as high bandwidth, high speed, and more reliable transmission.

Increased demand for millimeter wave technology in the military, defense, and aerospace (MDA) sector due to simple and faster exchange of information such as orders, commands from one location to another with high connectivity and protection through the use of various applications such as electronic warfare, radar, tactical and satellite communications. This increase in adoption by the military and defense sector is expected to drive the Millimetre Wave Technology Market size.

The rising demand for unmanned vehicles due to changing customer preferences from regular cars to smart driving assistant cars, which assist in automatic parking, braking, GPS navigation, and blind-spot collision prevention, are driving the growth of the millimeter wave technology market size.

The rise in adoption of multimeter wave technology in the healthcare sector is expected to fuel the growth of the Millimeter Wave Technology Market size. Hospitals are now using autonomous millimeter wave technology for medical imaging. Furthermore, the spikes in hospitalization volume and social distance enforcement due to COVID-19 fuel the need for advanced connectivity in healthcare. Using video conferencing and many cloud-based IoT endpoints, 5G-enabled telemedicine, including remote patient monitoring, is expected to allow access to medical care without potential exposure to COVID-19 and reduce hospital bed demand.

View Full Report: https://reports.valuates.com/market-reports/ALLI-Manu-3C42/millimeter-wave-technology

MILLIMETER WAVE TECHNOLOGY MARKET SHARE ANALYSIS

North America is expected to hold the largest Millimeter Wave Technology Market share during the forecast period. This dominance of North America is attributed to the higher adoption of millimeter wave technology in the mobile and telecom application in the region. Furthermore, North America is the hub of all major players in the Millimeter Wave Technology market.

Based on Application, the telecom segment is expected to hold the largest Millimeter Wave Technology Market share. Growth in this segment is mainly due to the large-scale adoption of millimeter wave technologies in 5G mobile phones and telecommunications infrastructure.

Asia Pacific region is expected to witness the highest growth during the forecast period. The rapid growth in this region is attributed to its developments and upgrades being carried out in its telecom infrastructures. Furthermore, the installation of new telecommunications equipment, based on the Millimeter wave technology, is also expected to drive the overall demand across the region at a significant rate.

Inquire For Regional Reports: https://reports.valuates.com/request/regional/ALLI-Manu-3C42/Millimeter_Wave_Technology_Market

KEY SEGMENTATIONS

By Components

Antenna and Transceiver Millimeter Wave Technology
Frequency Sources and Related Millimeter Wave Technology
Communication and Networking Millimeter Wave Technology
Imaging Millimeter Wave Technology
RF and Radio Millimeter Wave Technology
Sensors & Controls
Others

By Product

Scanner Systems

Active System
Passive System

Radar & Satellite Communications Systems

Perimeter Surveillance Radar System
Application-Specific Radar System

Telecommunication Equipment

Mobile Backhaul Equipment
Small-cell Equipment
Macro-cell Equipment

By License

Light Licensed Frequency
Unlicensed Frequency
Fully Licensed Frequency

By Frequency

24 GHz to 57 GHz
58 GHz to 86 GHz
87 GHz to 300 GHz

By Application

Telecom and Datacom
Military, Aerospace, & Defense
Automotive
Industrial
Consumer
Medical
Others

By Region

North America

U.S.
Canada
Mexico

Europe

UK
Germany
France
Italy

Rest of Europe

Asia-Pacific
China
India
Japan
Australia
South Korea

Rest of Asia-Pacific

LAMEA
Latin America
Middle East
Africa

Key Players

Bridgewave Communications
Cablefree: Wireless Excellence
E-Band Communications, LLC
Farran Technology
Keysight Technologies
L3 Technologies, Inc.
Millimeter Wave Products Inc.
Nec Corporation
Sage Millimeter, Inc.
Siklu Communication
Fujitsu
Denso Corporation
Mitsubishi Electric
Mmw Biomedical
Hubei YJT Technology

Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-3C42&lic=single-user

Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-3C42&lic=enterprise-license

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS

- Millimeter Wave Body Scanners Market is segmented by Type - Manual, Automatic, and by Application - Airports, seaports, Railways & Metros, Prisons, others. Players, Regions - North America, LAMEA, Middle East, Asia pacific. etc.

- The Millimeter Wave Sensors and Modules Market research report includes specific segments by region (country), by company, by Type - Band between 30 GHz and 57 GHz, Band between 57 GHz and 96 GHz, Band between 96 GHz and 300 GHz and by Application - Telecommunications, Military and Defense, Automotive and Transport, Healthcare, Electronics and Semiconductor, Security, Others. by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.

- The global Telecom Millimeter Wave Technology market is segmented by Product-Type - Under 50 GHz, Between 50 and 80 GHz, Above 80 GHz, Application - Telecommunications, Healthcare, Industrial, Security, Transportation & Automotive, Others, by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.

- Global Automotive Millimeter Wave Compatible Emblem Market is segmented by Product-Type: Hardware Equipment, Assistive Technology, Application: Passenger Car, Commercial Vehicle, by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.

- The Automotive Millimeter Wave Radar market was valued at 5104. 4 Million US$ in 2018 and is projected to reach 23400 Million US$ by 2025, at a CAGR of 24. 3% during the forecast period. Product-Type: 24GHz, 77GHz, Others, Application: Blind Spot Detection, Adaptive Cruise Control System, Others, Region, key players.

-The Millimeter Wave Scanner market report is segmented by Product-Type: Automatic, Semi-automatic, by Application: Aerospace, Industrial Equipment, Others, by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.

- Automotive Millimeter-Wave Radar IC market is segmented by Product-Type: GaAs, SiGe BiCMOS, RF CMOS, Application: Adaptive Cruise Control, Blind Spot Detection (BSD), Forward Collision Warning, Parking Assist, Automatic Emergency Braking System (AEBS), Others, by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.

- Millimeter Wave Therapy MWT Devices Market is segmented by Product Type - Under 50 GHz, Above 50 GHz, Application - Diabetes Treatment, Tumor & Cancer Treatment, by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.

- Millimeter Wave Market by Product Type: Scanner Systems, Telecommunication Equipment, Application: Mobile and Telecom, Military, Defense, Aerospace, Automotive, by key players , Region - North America, LAMEA, Middle East, Asia pacific. etc.

Click Here To See The Related Reports On Millimeter Wave Technology Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report, Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
[email protected]
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Website: https://reports.valuates.com
Twitter - https://twitter.com/valuatesreports
Linkedin - https://in.linkedin.com/company/valuatesreports
Facebook - https://www.facebook.com/valuatesreports

SOURCE Valuates Reports