The Millimeter wave technology is also refer as extremely high frequency. This frequency range lies between 30 Ghz and 300 Ghz. These are the bands that are used for high-speed wireless broadband communications of 5G wireless technology. Thus, the adoption of fifth-generation technology will led to the development of 5G technology. Additionally, the wireless technology under which the expansion of mobile data rates will reach to multi gigabit-per-second range and will also prompt the demand of Millimeter wave technology in the market. Thus, the Millimeter wave will support wireless communications with its best convergence of cellular and Wi-Fi services.
The study indicates that Millimeter Wave Technology Market offers a bandwidth delivery which has a huge potential for market growth as study signifies that the bandwidth shortage is struggling with the wireless carrier. However, the underutilized Millimeter-wave frequency has explored for the future broadband cellular communication networks.
The Millimeter wave technology is providing the high frequency signal which can be reused across short distances, which also acts as an advantage for the Millimeter wave technology. The surge in mobile data traffic with bandwidth-intensive applications also acts as a major driver for the growth of the millimeter wave technology market.
The global Millimeter Wave Technology market is expected to grow at USD$ 2,112.2 Million by 2023, at 36.1% of CAGR between 2017 and 2023.
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The prominent players in the Millimeter Wave Technology Market are – E-Band Communications, LLC (US), Farran Technology Ltd. (Ireland), Millimeter Wave Products, Inc. (US), BridgeWave Communications, Inc. (US), E-Band Communications, LLC (US), Keysight Technologies, Inc. (US), NEC Corp. (Japan), SAGE Millimeter, Inc. (US), Millitech, Inc. (US), Millivision Technologies (US), Vubiq Networks, Inc. (US), Smiths Group Plc. (UK), L3 Technologies, Inc. (US), Elva-1 (Sweden) and Siklu Communication, Ltd. (Israel) among others.
The global Millimeter Wave Technology market has been segmented on the basis of product, frequency band, license type, end -users and region.
Millimeter Wave Technology Market by Product:
- Radar Communication Systems
- Satellite Communication Systems
- Telecommunication Equipment
Millimeter Wave Technology Market by License Type:
- Light Licensed Frequency
- Unlicensed Frequency
- Fully Licensed Frequency
Millimeter Wave Technology Market by Frequency Band:
- Band between 30 GHz and 57 GHz
- Band between 57 GHz and 86 GHz
- Band between 86 GHz and 300 GHz
Millimeter Wave Technology Market by End-User:
- Automotive and Aerospace
- IT & Telecommunication
- Consumer & Commercial
- Automotive and Transportation
- Government and Defense
Millimeter Wave Technology Market by Regions:
- North America
- Rest of the World
The regional analysis of Millimeter Wave Technology market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading regions across the world in terms of largest market share in Millimeter Wave Technology market. In North America region, the millimeter waves can connect devices to a network in a short range, thus, driving the market growth in the coming years. APAC has marked to be the largest potential for the Millimeter wave technology in coming years as to bring the 5G in the market, Millimeter wave is required for the allocation of more bandwidth to deliver faster, higher-quality video, and multimedia content and services.
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- Industrial automation equipment providers
- End users of the millimeter wave technology
- Millimeter wave providers
- Technology providers
- Consultancy firms/advisory firms
- Technology investors
- Research institutes,
- System Integrators
- Research/Consultancy firms
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