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Millimeter Wave Technology Market Report 2021-2026: Global Size, Share, Growth, Trends and Forecast

Millimeter Wave Technology Market

Millimeter Wave Technology Market

SHERIDAN, WY, UNITED STATES, December 15, 2021 / -- According to the recent report by IMARC Group, titled “Millimeter Wave Technology Market : Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the global millimeter wave technology market size reached a US$ 1.10 Billion in 2020 and expects the market to exhibit strong growth during the next five years.The report provides a detailed analysis of the market by segments and region and The report provides a detailed analysis of the market on the basis of region, component, product, frequency band, license type and application also, the report analyzes the market’s competitive landscape.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

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Industry Definition and Application:

Millimeter-wave (MMW), or extremely high frequency (EHF), technology is an electromagnetic solution that enables the transmission at high frequency across 5G networks. It utilizes various imaging systems, telecommunication equipment, radars and satellite scanning systems. MMW technology is used in numerous products, such as medical devices, smartphones, automobiles and security screening and remote sensing devices. It assists in enhancing reliability, resolution, data transmission, bandwidth and scaling capacities. As a result, it finds extensive application across various industries, such as automotive, telecommunication, electronic, healthcare, military and defense.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends and Drivers:

The global millimeter wave technology is primarily being driven by the increasing demand for high-speed networks in the residential and commercial sectors. MMW is widely used to provide wireless communication in consumer electronic products, such as smart wearables, phones and watches. Moreover, various technological advancements, such as the development of MMW over optic cable that provides high data transmission rates over long distances, are providing a thrust to the market growth. Other factors, including the increasing utilization of MMW technology in radio and satellite communication systems, along with the widespread adoption the aerospace industry to improve the efficiency of imaging devices, are anticipated to drive the market toward growth.

Millimeter Wave Technology Market Segmentation:

The report has segmented the market on the basis on region, component, product, frequency band, license type and application.

Breakup by Component:

Antennas and Transceivers
Control Devices
Frequency Converters
Passive Components

Breakup by Product:

Telecommunication Equipment
Imaging and Scanning Systems
Radar and Satellite Communication Systems

Breakup by Frequency Band:

30 GHz – 57 GHz
57 GHz – 96 GHz
96 GHz -300 GHz

Breakup by License Type:

Light Licensed Frequency Millimeter Wave
Unlicensed Frequency Millimeter Wave
Fully Licensed Frequency Millimeter Wave

Breakup by Application:

Military and Defense
Automotive and Transport
Electronics and Semiconductor

Breakup by Region:

North America
Asia Pacific
Latin America
Middle East and Africa

Who are the Major Millimeter Wave Technology Market Key players?

The report provides a detailed analysis of the market leaders, including.

Aviat Networks Inc., AXXCSS Wireless Solutions Inc., Farran Technology Ltd., Fastback Networks Inc., Keysight Technologies Inc., L3 Technologies Inc., Millimeter Wave Products Inc., Mistral Solutions Pvt. Ltd. (AXISCADES Engineering Technologies Ltd.), NEC Corporation, Siklu Communication Ltd., Smiths Group Plc and Vubiq Networks Inc.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Elena Anderson
IMARC Services Private Limited
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