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Millimeter Waves, also known as EHF (Extremely High Frequency), are electromagnetic (radio) waves with frequencies of 30GHz and 300GHz and are well suited for 5G networks.
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Millimeter Waves also known as EHF (Extremely High Frequency), are electromagnetic (radio) waves with frequencies of 30GHz and 300GHz and are well suited for 5G networks. According to the MarkNtel Advisors' research report, 'Global Millimeter Wave Technology Market Analysis, 2021,' the market likely to grow at a CAGR of around 36% during 2021-26. The growth attributes 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.
Besides, propelling 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.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Global Millimeter Wave Technology Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast - (2021-2026)
COVID-19 Impact
The COVID-19 outbreak has a considerable impact on the Global Millimeter Wave Technology market. The lockdown imposition by governments of various countries resulted in the delay of the launch of 5G networks, and their installation & implementation influenced the demand for MMW technology.
Additionally, adversely affected supply chains due to shortages of materials & finished goods, and the temporary closure of the manufacturing facilities further impacted the market growth. However, with lockdown relaxation, the market is likely to recover by the beginning of 2021.
Scanning Systems Witnessing Significant Growth
Based on Product, the Scanning Systems segment can 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. , says MarkNtel Advisors in their research report 'Global Millimeter Wave Technology Market Analysis, 2021.'
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Millimeter Wave Technology Market and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast - (2021-2026)
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.The Rollout of 5G Technology
The extensive investment made by the developed and developing countries in 5G deployment projects to the roll-out of commercial 5G services and the increasing need for high-speed mobile networks has infused an optimistic influence on the growth of the millimeter wave technology market. The rising smartphone adoption and introduction of favorable policies to support long-term 5G mobile licenses and enhance spectrum efficiency are accelerating the market growth.
Competitive Landscape
According to MarkNtel Advisors, the giant leading players in the global Millimeter Wave Technology market are Bridgewave Communications, Ablefree: 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, etc.
Key Questions Answered in the Market Research Report:
1. What are the primary overall market statistics or estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Millimeter Wave Technology Market?
2. What are the region-wise industry size, growth drivers and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Millimeter Wave Technology Market?
TABLE OF CONTENT
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
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
6.1. Drivers
6.2. Challenges
6.3. Impact Analysis
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