The global millimeter wave technology market is estimated to grow from USD 1.8 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 20.8% in the forecast period 2021-2028
Increase in broadband and mobile speeds, rise in use of millimeter wave in small-cell backhaul networks, and substantial demand in the use of millimeter wave technology in security and radar applications are some of the factors that have supported long-term expansion for Millimeter Wave Technology Market.
Millimeter Wave Technology Market is segmented into component, product, frequency band, license type, end use and geography.
Component segment is segmented into Antennas & transceiver component, Frequency sources & related components, Communication & networking components, Imaging components, RF & radio components, Sensors & controls, Interface components and Power & battery components.
Product segment is segmented into Scanning systems, Radar and satellite communication system and Telecommunication equipment.
Frequency band segment is segmented into 24–57 GHz, 57–95 GHz and 95–300 GHz.
License segment is segmented into Light licensed frequency millimeter wave, unlicensed frequency millimeter wave and fully licensed frequency millimeter wave.
End use segment is segmented into Mobile & telecom, Consumer & commercial, Healthcare, Industrial, Automotive & transportation and Imaging.
Geographically, Millimeter Wave Technology Market is sub segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Key players in Millimeter Wave Technology Market are Axxcss Wireless Solutions (US), NEC Corporation (Japan), Siklu Communication (Israel), L3HARRIS (US), Smiths Group (UK), Eravant (US), Aviat Networks (US), Farran Technologies (Ireland), and Millimeter Wave Products (US).
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 1.8 billion |
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Growth Rate |
CAGR of 20.8% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD billion and CAGR from 2021 to 2028 |
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Report Segmentation |
Product, Application, End-User and Geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Axxcss Wireless Solutions (US), NEC Corporation (Japan), Siklu Communication (Israel), L3HARRIS (US), Smiths Group (UK), Eravant (US), Aviat Networks (US), Farran Technologies (Ireland), and Millimeter Wave Products (US) |
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Available Customization |
In addition to the market data for Millimeter Wave Technology Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
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