Millimeter wave technology market is expected to grow at a significant rate during the forecast period 2019-2025. Millimeter wave is extremely high-frequency wave band that occupies spectrum ranging between 30 GHz to 300 GHz. Millimeter wave technology is supporting the emerging 5G services across the globe. With the increased network load, the necessity for very high-speed data transfer is emerging at a fast pace. Currently, millimeter wave technology is being used in point-to-point communications, inter-satellite links and point to multipoint communication. The technology is being used for various purposes such as telecommunication, scientific research, semiconductor devices, and many others. The emergence of autonomous vehicles is estimated to augment demand for millimeter wave technology substantially as the technology is being developed for the autonomous vehicular communications system. Global millimeter wave technology market is segmented on the basis of product which includes scanner systems, communication systems, radar & satellite communication systems, and others. Among these, the telecommunication system is estimated to have a significant market share in the global millimeter wave technology market. Further, radar & satellite communication system segment is estimated to grow with a significant rate due to increasing radar product development in the millimeter wave spectrum. Moreover, the market on the basis of the application is segmented into healthcare, telecommunication, military & defense, automotive & transportation, and others.
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In the geographic overview, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America is estimated to be the dominant region in the global millimeter wave technology market due to the growing development of high-speed communication systems. Further, the development of 5G technology is prevailing in North America as compared to other regions. Additionally, the growing demand for an advanced communication system for autonomous vehicles is contributing to the growth of North America in the global millimeter wave technology market. Europe is estimated to hold significant market share due to the growing adoption of technology in the healthcare sector. Moreover, application of the technology in medicines in the pharmaceutical sector is estimated to support the market growth in Europe. Asia-Pacific is estimated to possess huge potential for market players due to the rapid transformation of communication systems in the emerging economies of the region.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Millimeter Wave Technology Market by Product
- Scanner Systems
- Telecommunication Systems
- Radar & Satellite Communication Systems
Global Millimeter Wave Technology Market by Application
- Healthcare
- Telecommunication
- Military & Defense
- Automotive & Transportation
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- API Technologies Corp.
- Aviat Networks, Inc.
- E-band communications, LLC
- Farran Technology, Ltd
- InterDigital, Inc.
- Keysight Technologies, Inc.
- LightPointe Communications, Inc.
- Millimeter Wave Products, Inc.
- Millitech, Inc.
- Millivision Technologies
- NEC Corp.
- Norden Millimeter
- Proxim Wireless Corp.
- Quinstar Technologies, Inc.
- REMEC Broadband Wireless Networks LLC
- SAGE Millimeter, Inc.
- Siklu Communication, Ltd
- Smiths Group PLC
- Spacek Labs, Inc.
- Vubiq Networks, Inc.
The Report Covers
- Comprehensive research methodology of the global millimeter wave technology
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global millimeter wave technology market.
- Insights about market determinants which are stimulating the global millimeter wave technology market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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