The global millimeter wave technology market is expected to grow at a significant CAGR during the forecast period 2021-2027. The increasing demand for bandwidth-intensive applications and rising research, the rising emergence of broadband and mobile speeds, development activities in millimeter wave technology, the growing implementation of 5G network are major dynamics that are subjected to drive the growth of the global market in the estimated period. The increasing government initiatives and investments and rising demand for high-speed data transfer are the most dominant factor that is expected to propel the market growth of the global millimeter wave technology market. 

The gradual increase in consumer electronics such as wearable electronics devices, smartphones and laptops raise the demand for data and bandwidth intensives. Video conferencing, high speed online gaming, video streaming and transfer of media and files over the internet are some data-intensive services that propel the demand for high bandwidth. The rising demand for high bandwidth in various devices for data-intensive applications explores the demand for millimeter wave technology to perform various activities. This dynamic is expected to surge a significant growth in global millimeter wave technology market during the forecast period. 

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Component

o By Product

o By Frequency Band

o By License Type

o By Application

Competitive Landscape- Axxcss Wireless Solutions, NEC Corporation, Siklu Communication, L3HARRIS, Smiths Group, Eravant.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Millimeter Wave Technology Market by Segment

By Component

o Frequency sources & related components

o Communication & Networking Components

o Imaging Components

o Sensors & Controls 

o Other components

By Product

o Scanning systems

o Radar and satellite communication systems

o Telecommunication equipment

o Others

By Frequency Band

o 24–57 GHz

o 57–95 GHz

o 95–300 GHz

By License Type

o Light licensed frequency millimeter wave

o Unlicensed frequency millimeter wave

o Fully licensed frequency millimeter wave

By End user

o Cellular &Telecom

o Consumer &Commercial

o Healthcare

o Industrial

Global Millimeter Wave Technology Market by Region