The future of the global millimeter wave technology market looks promising with opportunities in the mobile and telecommunication, consumer and commercial, healthcare, industrial, automotive & transportation, military, and aerospace & defense markets. The global millimeter wave technology market is expected to reach an estimated $18.2 billion by 2030 with a CAGR of 30% from 2024 to 2030.
The major drivers for
this market are growing mobile data traffic and demand for bandwidth-intensive
applications, increasing use of millimeter wave in small-cell backhaul networks,
and increasing demand for innovative applications in radar and security
applications.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the millimeter wave technology
market by technology (scanner systems, radar and satellite communication
systems, and telecommunication equipment), frequency band (band between 30 Ghz
and 57 Ghz, band between 57 Ghz and 86 Ghz , and band between 86 Ghz and 300
Ghz), license type (light licensed frequency, unlicensed frequency, and fully
licensed frequency), end use industry (mobile & telecommunication, consumer
& commercial, healthcare, industrial, automotive and transportation,
military, defense & aerospace, and imaging), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, scanner
systems, radar and satellite communication systems, and telecommunication
equipment are the major segments of millimeter wave technology market by
technology type. Lucintel forecasts that telecommunication equipment will
remain the largest segment over the forecast period.Within this market, mobile
and telecommunication will remain the highest growing segment over the forecast
period because of development in 5G technology, as well as transferring
high-definition image data onto a cloud network in real-time.
APAC will remain the
highest growing region over the forecast period due to growing population,
increasing demand of high-speed networks, and rising implementation of 5G
networks in the region.
Ridgewave
Communications, E-Band Communications, Lightpointe Communications, Siklu
Communication, Vubiq Networks, Loea Corporation, Renaissance Electronics &
Communications, Millivision Technologies, Fujitsu, and Amplus Communication are
the major suppliers in the millimeter wave technology market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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