Report Ocean has recently released a comprehensive research report on the global 5G mmWave Technology Market. The report offers a detailed analysis of various market characteristics, such as size, growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. It also provides insights into the impact of the COVID-19 pandemic on the market.
Global 5G mmWave Technology Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2029.
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5G mmWave or 5G millimeter wave is a short-range, high-frequency network technology. This technology is used in radio astronomy, remote sensing, car radars, wireless sensing, imaging, security screening, and telecommunications. Since mmWave operates at a higher frequency, it can cover a smaller area with more capacity and bandwidth. Shopping malls crowded inner-city train stations, stadiums, and other areas with high user density can all benefit from mm Wave’s capabilities because it can send a signal up to a few hundred metres from the base station. The increasing deployment of high-speed networks in residential and commercial sectors as well as growing penetration of smartphones are key factors accelerating the market growth.
The increasing smartphone penetration coupled with rising adoption of high-speed internet services is contributing towards the growth of the Global 5G mmWave Technology Market. For instance, according to Statista – in 2020, the number of smartphone subscriptions worldwide were estimated at 5924 million, and the number is projected to grow to 7690 million towards the end of 2027. Moreover, as per Statista – in 2019, the 5G mobile subscription worldwide was estimated at 12 million, and the number of 5G subscriptions is projected to grow to 4 billion subscribers by 2027. Also, growing investment in telecom infrastructure in developing regions and increasing use of wireless communication technologies would create lucrative growth prospects for the market over the forecast period. However, the high cost of 5G mmWave Technology components stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global 5G mmWave Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and growing acceptance & deployment of 5G mmWave Technology solutions in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising expansion of the telecom sector and increasing deployment of 5G network infrastructure-based millimeter wave technology in the region.
Major market players included in this report are:
- Aviat Networks Inc.
- Farran Technology Ltd.
- Fastback Networks Inc.
- Keysight Technologies Inc.
- Millimeter Wave Products Inc.
- Siklu Communication Ltd.
- Vubiq Networks Inc
- Smiths Group Plc
- Mistral Solutions Pvt. Ltd.
- NEC Corporation.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Component
Antennas & Transceiver
Communications & Networking Components
Others
By Application
Telecommunication
Military and Defense
Automotive and Transport
Healthcare
Electronics
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Here are the key questions addressed in the report:
- What is the potential for growth in the 5G mmWave Technology market?
- Which product segment is expected to dominate the market?
- Which regional market is likely to emerge as a frontrunner in the future?
- Which application segment is poised for strong growth?
- What are the potential growth opportunities that may arise in the 5G mmWave Technology industry?
- What are the major challenges that the 5G mmWave Technology market may face in the future?
- Who are the leading companies in the 5G mmWave Technology market?
- What are the key trends positively impacting the market’s growth?
- What growth strategies are being considered by the market players to maintain their position in the 5G mmWave Technology market?
Our sample report encompasses the following elements:
- Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
- Research Report of 200+ Pages: The report consists of more than 200 pages, incorporating the latest research findings and insights.
- Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
- Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
- List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
- Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
- Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.
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