Millimeter Wave Technology Market Will Hit Big Revenues in Future

MarkNtel Advisors has released a research report on the Millimeter Wave Technology Market Size, Share, Analysis, Research, Report 2026. The research segment utilizes efficient methodologies to convey sales and revenue forecasts for the specified years, enhancing user understanding and supporting well-informed decision-making. Through a combination of qualitative and quantitative data, this report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. To familiarize both existing businesses and new entrants with the present market scenario, the report delivers detailed growth prospects for the industry and concise insights into competitors.

Millimeter Wave Technology Market Insights:

The Global Millimeter Wave Technology Market is projected to grow at a CAGR of more than 36% during the forecast period, i.e., 2021-26.

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Key Driver: Rise in Mobile & Broadband Data Speeds

Broadband speed is the most critical factor that has accelerated IP traffic & consumption of high-bandwidth content. It is expected that between 2020 & 2025, the global average broadband speed is likely to grow two folds, from 62.5 Mbps to > 130 Mbps, due to the mounting adoption of Fiber-to-the-Home (FTTH), cable broadband, & high-speed DSL.

Furthermore, the increasing deployment of 5G technology using millimeter wave spectrum for low-latency, high-capacity fixed wireless broadband networks is also fueling the overall market growth. Millimeter-wave frequencies allow the usage of narrow beamwidth antennas that enables power to be directed to where it is required with a high-speed capacity.

Possible Challenge: Adverse Environmental Impact of Millimeter Waves

The power density of waves above 5–10 mW/cm2 leads to thermal effects. The high-intensity millimeter waves affect human skin & cornea, causing pain and physical damage at higher exposures. Furthermore, the deployment of 5G networks can surge energy usage and result in rapid climate changes. Besides, the manufacturing of new technologies associated with 5G produces waste and uses crucial resources that lead to environmental consequences. Moreover, millimeter waves can be harmful to birds, which, in turn, has cascading effects through entire ecosystems.

Leading Companies Operating in the Millimeter Wave Technology Industry:

-Bridgewave Communications

-Cablefree: Wireless Excellence

-E-Band Communications, Llc

-Farran Technology

-Aviat Networks, Inc.

-Lightpointe Communications, Inc.

-Millitech, Inc.

-NEC Corporation

-QuinStar Technology, Inc.

-Eravant (Sage Millimeter, Inc.)

-Siklu Communication Ltd.

-Trex Enterprises Corporation

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Millimeter Wave Technology Market Categorization:

The Millimeter Wave Technology Market exhibits a high degree of fragmentation, categorizing into distinct segments as follows:

By Product

-Telecommunication equipment

--Mobile backhaul equipment

--Small-cell equipment

--Macro-cell equipment

-Scanning Systems

--Active System

--Passive System

-Radar and Satellite Communication Systems

By Component

-Antennas & Transceivers

-Frequency Sources & Related Components

-Communication & Networking Components

-Imaging Components

-RF & Radio Components

-Sensors & Controls

-Interface Controls

-Power & Battery Components

-Others

By License Type

-Light licensed

-Unlicensed frequency

-Fully licensed frequency

By Frequency Band

-30 GHz to 57 GHz

-57 GHz to 96 GHz

-96 GHz to 300 GHz

By Application

-Telecommunication

-Military & Defense

-Healthcare

-Automotive & Transport

-Electronics & Semi-conductor

-Security

By Region

-North America

-South America

-Europe

-Middle East & Africa

-Asia-Pacific

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Frequently Asked Questions (FAQs)

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We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.