Millimeter-wave technology Market Size 2021 by Top Countries Data, Industry Analysis by Regions, Revenue, Share, Development, Tendencies and Forecast to 2030

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Global Millimeter wave technology Market is valued approximately at USD 530.8 million in 2018 and is anticipated to grow with a healthy growth rate of more than 35.20% over the forecast period 2019-2026. millimeter wave technology is used to reduce traffic pressure on the base station (BS) of the network as these millimeter waves open up more spectrum and reduces the congestion on the current radio spectrum. that increases the speed of communication and improves the quality of network. It gives large bandwidth to provide high quality network services. Rising mobile data traffic and demand for bandwidth intensive applications is one of the major factors that contributes to the growth of global millimeter wave technology market during forecast period. According to World Economic Forum Organization, 4.4 zettabyte of digital data was created by end of 2013 and expected to boost up to 44 zettabytes by the end of 2023.

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Further, according to the Ericsson Mobility Report 2017, mobile data traffic volume across the globe is growing with the CAGR of about 42% during 2016-2022. Hence, increase in mobile data traffic across the globe is expected to increase the demand as well as adoption of millimeter wave technology to provide better data speed and reduce traffic congestion in communication networks. This is expected to promote the growth of global millimeter wave technology market during forecast period. However, the adverse effect of radiation caused by millimeter waves on the environment is restraining the market growth during the forecast period. of 2019-2026.

In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of global Millimeter wave technology market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high penetration of 4G LTE coupled with the testing of 5G testing. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as heavy investment in this technology, increasing mobile traffic would create lucrative growth prospects for the Millimeter wave technology market across the region.

Major market player included in this report are:
Bridgewave Communications, Inc.
Keysight Technologies
NEC Corporation
Sage Millimeter, Inc.
Siklu Communication Ltd
Aviat Networks, Inc.
Farran Technology
Millimeter Wave Products Inc.
Millivision Technologies
Vubiq Networks, Inc

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 eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available 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 Product:
Scanner Systems
Radar and Satellite Communications Systems
Telecommunication Equipment

By Frequency Band:
Band Between 24 GHz and 57 GHz
Band Between 57 GHz and 86 GHz
Band Between 86 GHz and 300 GHz

By License Type:
Light Licensed Frequency Millimetre Wave
Unlicensed Frequency Millimetre Wave
Fully Licensed Frequency Millimetre Wave

By Application:
Consumer and Commercial
Healthcare
Industrial
Automotive and Transportation
Autonomous Vehicle
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2016, 2017
Base year - 2018
Forecast period - 2019 to 2026

Target Audience of the Global Millimeter wave technology Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Millimetre Wave Technology Market, by Region, 2017-2026 (USD Billion)
1.2.2. Millimetre Wave Technology Market, by Product, 2017-2026 (USD Billion)
1.2.3. Millimetre Wave Technology Market, by License Type, 2017-2026 (USD Billion)
1.2.4. Millimetre Wave Technology Market, by application, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Millimetre Wave Technology Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Millimetre Wave Technology Market Dynamics
3.1. Millimetre Wave Technology Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Millimeter Wave Technology Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Millimetre Wave Technology Market, by Product
5.1. Market Snapshot
5.2. Global Millimetre Wave Technology Market by Product, Performance - Potential Analysis
5.3. Global Millimetre Wave Technology Market Estimates & Forecasts by Product 2016-2026 (USD Billion)
5.4. Millimetre Wave Technology Market, Sub Segment Analysis
5.4.1. Scanner Systems
5.4.2. Radar and Satellite Communications Systems
5.4.3. Telecommunication Equipment

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