Dublin, Aug. 04, 2022 (GLOBE NEWSWIRE) -- The "Global Millimeter Wave Technology Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
The global millimeter wave technology market is forecast to grow at a CAGR of around 36% during 2021-26. The growth is attributed to the surging number of mobile users, increasing demand for higher bandwidth, and the burgeoning implementation of MMW technology in military, aerospace, and satellite applications. Moreover, massive investment toward 5G infrastructure and accelerating demand among several industries are the primary factors generating more demand for millimeter-wave technology.
In addition, growing demand in the telecom industry due to escalating internet penetration, mounting research & development activities in millimeter-wave technology, and soaring need for a high-speed network for accessing smart applications are the factors further driving the market growth.
Scanning Systems Witnessing Significant Growth
Based on Product, the Scanning Systems segment is set to grow significantly in the Global Millimeter Wave Technology market in the forecast period. Scanner systems are the products used for screening people and detecting objects like weapons & explosives underneath clothing using electromagnetic radiation. The burgeoning adoption of millimeter wave technology-based scanner systems in airports, malls, and various public places is propagating the market growth.
Antennas & Transceivers Exhibits Fastest Growth
Based on Component, Antennas & Transceivers exhibits robust growth in the Global Millimeter Wave market in the forecast period due to the growing use of antennas & transceivers in consumer electronics applications and the telecom sector for high-speed wireless communications.
Moreover, the rapid development of advanced millimeter-wave distributed antenna radio units due to the adoption of 5G wireless networks by various countries and the surging need to enhance the quality of indoor 5G applications further fuels the segment growth.
North America Dominated the Market
North America accounted for the largest market share in the Global Millimeter Wave Technology market in 2019 due to the burgeoning deployment of mm Wave technology in aerospace, telecom, and healthcare, the sturdy footing of giant market players, and the growing demand for autonomous vehicles owing to the paradigm shift of customer preferences toward smart driving assistant cars.
The US acquired the highest market share in the North American region. Factors such as a boost in the growth of connected devices like smartphones & tablets, increasing government investment to support 5G development, a significant increase in autonomous vehicles, and rising web traffic contribute to the market growth in the forecast period.
Key Questions Answered:
- What are the primary overall market statistics or estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Millimeter Wave Technology Market?
- What are the region-wise industry size, growth drivers and challenges?
- What are the key innovations, opportunities, current & future trends, and regulations in the market?
- Who are the key competitors, their key strength & weakness, and how they perform in the market based on competitive benchmarking matrix?
Key Topics Covered:
1. Introduction
2. Preface
3. Executive Summary
4. Impact of COVID-19 on Global Millimeter Wave Technology Market
5. Global Millimeter Wave Technology Market Trends & Insights
6. Global Millimeter Wave Technology Market Dynamics
7. Global Millimeter Wave Technology Market Hotspots & Opportunities
8. Global Millimeter Wave Technology Market Value Chain Analysis
9. Global Millimeter Wave Technology Market Regulations & Policy
10. Global Millimeter Wave Technology Market Outlook, 2016- 2026F
10.1. Market Size & Analysis
10.1.1. By Revenue
10.2. Market Share & Analysis
10.2.1. By Product
10.2.1.1. Telecommunication equipment
10.2.1.1.1. Mobile backhaul equipment
10.2.1.1.2. Small-cell equipment
10.2.1.1.3. Macro-cell equipment
10.2.1.2. Scanning Systems
10.2.1.3. Radar and Satellite Communication Systems
10.2.2. By Component
10.2.2.1. Antennas & Transceivers
10.2.2.2. Frequency Sources & Related Components
10.2.2.3. Communication & Networking Components
10.2.2.4. Imaging Components
10.2.2.5. RF & Radio Components
10.2.2.6. Sensors & Controls
10.2.2.7. Interface Controls
10.2.2.8. Power & Battery Components
10.2.3. By License Type
10.2.4. By Frequency Band
10.2.5. By Application
10.2.6. By Region
10.2.7. By Competitors
11. North America Millimeter Wave Technology Market Outlook, 2016-2026F
12. South America Millimeter Wave Technology Market Outlook, 2016-2026F
13. Europe Millimeter Wave Technology Market Outlook, 2016-2026F
14. Middle East & Africa Millimeter Wave Technology Market Outlook, 2016-2026F
15. Asia Pacific Millimeter Wave Technology Market Outlook, 2016-2026F
16. Key Strategic Imperatives for Success and Growth
17. Competition Outlook
- Lightpointe Communications
- Millitech Inc.
- Bridgewave Communications
- QuinStar Technology
- Eravant
- Cablefree: Wireless Excellence
- E-Band Communications
- Farran Technology
- Aviat Networks
- NEC Corporation
- Siklu Communication
- Trex Enterprises
For more information about this report visit https://www.researchandmarkets.com/r/kfdry7
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