BANGALORE, India, Dec. 15, 2020 /PRNewswire/ — Millimeter Wave Technology Market is segmented by Component (Solution and Services), Deployment (On-Premise and Cloud), End User (Commercial, Individual and Others), Application (Access VPN, Intranet VPN, Extranet VPN and Others). This report is published on Valuates Reports in the Internet & Telecom Category. It also covers Global & Regional Opportunity Analysis and Industry Forecast to 2027.
The global millimeter wave technology market size is expected to reach USD 3.88 Billion by 2027 from USD 369.9 Million in 2019, growing at a CAGR of 37.1% from 2020 to 2027.
Major factors driving the growth of Millimeter Wave Technology Market size are, increase in broadband and mobile speeds with growing utility and demand, rise in usage of millimeter waves in small-cell backhaul networks, and substantial demand in the use of millimeter wave technology in security and radar applications.
This study comprises an analytical depiction of the global millimeter wave technology market size and shares along with the current trends and future estimations to depict the imminent investment pockets.
Inquire For Sample Report: https://reports.valuates.com/request/sample/ALLI-Manu-3C42/Millimeter_Wave_Technology_Market
TRENDS INFLUENCING THE MILLIMETER WAVE TECHNOLOGY MARKET SIZE
The increase in demand for connected devices among consumers, such as smartphones, tablets, and others, is driving the growth of millimeter wave technology market size. Millimeter wave technology provides various advantages over fiber optics, such as high bandwidth, high speed, and more reliable transmission.
Increased demand for millimeter wave technology in the military, defense, and aerospace (MDA) sector due to simple and faster exchange of information such as orders, commands from one location to another with high connectivity and protection through the use of various applications such as electronic warfare, radar, tactical and satellite communications. This increase in adoption by the military and defense sector is expected to drive the Millimetre Wave Technology Market size.
The rising demand for unmanned vehicles due to changing customer preferences from regular cars to smart driving assistant cars, which assist in automatic parking, braking, GPS navigation, and blind-spot collision prevention, are driving the growth of the millimeter wave technology market size.
The rise in adoption of multimeter wave technology in the healthcare sector is expected to fuel the growth of the Millimeter Wave Technology Market size. Hospitals are now using autonomous millimeter wave technology for medical imaging. Furthermore, the spikes in hospitalization volume and social distance enforcement due to COVID-19 fuel the need for advanced connectivity in healthcare. Using video conferencing and many cloud-based IoT endpoints, 5G-enabled telemedicine, including remote patient monitoring, is expected to allow access to medical care without potential exposure to COVID-19 and reduce hospital bed demand.
MILLIMETER WAVE TECHNOLOGY MARKET SHARE ANALYSIS
North America is expected to hold the largest Millimeter Wave Technology Market share during the forecast period. This dominance of North America is attributed to the higher adoption of millimeter wave technology in the mobile and telecom application in the region. Furthermore, North America is the hub of all major players in the Millimeter Wave Technology market.
Based on Application, the telecom segment is expected to hold the largest Millimeter Wave Technology Market share. Growth in this segment is mainly due to the large-scale adoption of millimeter wave technologies in 5G mobile phones and telecommunications infrastructure.
Asia Pacific region is expected to witness the highest growth during the forecast period. The rapid growth in this region is attributed to its developments and upgrades being carried out in its telecom infrastructures. Furthermore, the installation of new telecommunications equipment, based on the Millimeter wave technology, is also expected to drive the overall demand across the region at a significant rate.
Inquire For Regional Reports: https://reports.valuates.com/request/regional/ALLI-Manu-3C42/Millimeter_Wave_Technology_Market
- Antenna and Transceiver Millimeter Wave Technology
- Frequency Sources and Related Millimeter Wave Technology
- Communication and Networking Millimeter Wave Technology
- Imaging Millimeter Wave Technology
- RF and Radio Millimeter Wave Technology
- Sensors & Controls
- Scanner Systems
- Active System
- Passive System
- Radar & Satellite Communications Systems
- Perimeter Surveillance Radar System
- Application-Specific Radar System
- Telecommunication Equipment
- Mobile Backhaul Equipment
- Small-cell Equipment
- Macro-cell Equipment
- Light Licensed Frequency
- Unlicensed Frequency
- Fully Licensed Frequency
- 24 GHz to 57 GHz
- 58 GHz to 86 GHz
- 87 GHz to 300 GHz
- Telecom and Datacom
- Military, Aerospace, & Defense
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Latin America
- Middle East
- Bridgewave Communications
- Cablefree: Wireless Excellence
- E-Band Communications, LLC
- Farran Technology
- Keysight Technologies
- L3 Technologies, Inc.
- Millimeter Wave Products Inc.
- Nec Corporation
- Sage Millimeter, Inc.
- Siklu Communication
- Denso Corporation
- Mitsubishi Electric
- Mmw Biomedical
- Hubei YJT Technology
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-3C42&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=ALLI-Manu-3C42&lic=enterprise-license
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
– Millimeter Wave Body Scanners Market is segmented by Type – Manual, Automatic, and by Application – Airports, seaports, Railways & Metros, Prisons, others. Players, Regions – North America, LAMEA, Middle East, Asia pacific. etc.
– The Millimeter Wave Sensors and Modules Market research report includes specific segments by region (country), by company, by Type – Band between 30 GHz and 57 GHz, Band between 57 GHz and 96 GHz, Band between 96 GHz and 300 GHz and by Application – Telecommunications, Military and Defense, Automotive and Transport, Healthcare, Electronics and Semiconductor, Security, Others. by key players , Region – North America, LAMEA, Middle East, Asia pacific. etc.
– The global Telecom Millimeter Wave Technology market is segmented by Product-Type – Under 50 GHz, Between 50 and 80 GHz, Above 80 GHz, Application – Telecommunications, Healthcare, Industrial, Security, Transportation & Automotive, Others, by key players , Region – North America, LAMEA, Middle East, Asia pacific. etc.
– Global Automotive Millimeter Wave Compatible Emblem Market is segmented by Product-Type: Hardware Equipment, Assistive Technology, Application: Passenger Car, Commercial Vehicle, by key players , Region – North America, LAMEA, Middle East, Asia pacific. etc.
– The Automotive Millimeter Wave Radar market was valued at 5104. 4 Million US$ in 2018 and is projected to reach 23400 Million US$ by 2025, at a CAGR of 24. 3% during the forecast period. Product-Type: 24GHz, 77GHz, Others, Application: Blind Spot Detection, Adaptive Cruise Control System, Others, Region, key players.
-The Millimeter Wave Scanner market report is segmented by Product-Type: Automatic, Semi-automatic, by Application: Aerospace, Industrial Equipment, Others, by key players , Region – North America, LAMEA, Middle East, Asia pacific. etc.
– Automotive Millimeter-Wave Radar IC market is segmented by Product-Type: GaAs, SiGe BiCMOS, RF CMOS, Application: Adaptive Cruise Control, Blind Spot Detection (BSD), Forward Collision Warning, Parking Assist, Automatic Emergency Braking System (AEBS), Others, by key players , Region – North America, LAMEA, Middle East, Asia pacific. etc.
– Millimeter Wave Therapy MWT Devices Market is segmented by Product Type – Under 50 GHz, Above 50 GHz, Application – Diabetes Treatment, Tumor & Cancer Treatment, by key players , Region – North America, LAMEA, Middle East, Asia pacific. etc.
– Millimeter Wave Market by Product Type: Scanner Systems, Telecommunication Equipment, Application: Mobile and Telecom, Military, Defense, Aerospace, Automotive, by key players , Region – North America, LAMEA, Middle East, Asia pacific. etc.
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report, Please also reach our sales team to get the complete list of our data sources.
For U.S. Toll-Free Call +1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Twitter – https://twitter.com/valuatesreports
Linkedin – https://in.linkedin.com/company/valuatesreports
Facebook – https://www.facebook.com/valuatesreports
SOURCE Valuates Reports
Source link Google News