{"product_id":"global-5g-mmwave-technology-market-size-study-forecast-by-component-antennas-transceiver-communications-networking-components-and-others-and-application-telecommunication-military-and-defense-automotive-and-transport-healthcare-and-electro","title":"Global 5G mmWave Technology Market Size study \u0026 Forecast, by Component (Antennas \u0026 Transceiver, Communications \u0026 Networking Components, and Others) and Application (Telecommunication, Military and Defense, Automotive and Transport, Healthcare, and Electro","description":"\u003cp\u003eGlobal 5G mmWave Technology Market Size study \u0026amp; Forecast, by Component (Antennas \u0026amp; Transceiver, Communications \u0026amp; Networking Components, and Others) and Application (Telecommunication, Military and Defense, Automotive and Transport, Healthcare, and Electronics) and Regional Analysis, 2022-2029\u003c\/p\u003e\n\n\u003cp\u003eGlobal 5G mmWave Technology Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. 5G mmWave or 5G millimeter wave is a short-range, high-frequency network technology. This technology is used in radio astronomy, remote sensing, car radars, wireless sensing, imaging, security screening, and telecommunications. Since mmWave operates at a higher frequency, it can cover a smaller area with more capacity and bandwidth. Shopping malls crowded inner-city train stations, stadiums, and other areas with high user density can all benefit from mm Wave’s capabilities because it can send a signal up to a few hundred metres from the base station. The increasing deployment of high-speed networks in residential and commercial sectors as well as growing penetration of smartphones are key factors accelerating the market growth.\u003c\/p\u003e\n\n\u003cp\u003eThe increasing smartphone penetration coupled with rising adoption of high-speed internet services is contributing towards the growth of the Global 5G mmWave Technology Market. For instance, according to Statista – in 2020, the number of smartphone subscriptions worldwide were estimated at 5924 million, and the number is projected to grow to 7690 million towards the end of 2027. Moreover, as per Statista – in 2019, the 5G mobile subscription worldwide was estimated at 12 million, and the number of 5G subscriptions is projected to grow to 4 billion subscribers by 2027. Also, growing investment in telecom infrastructure in developing regions and increasing use of wireless communication technologies would create lucrative growth prospects for the market over the forecast period. However, the high cost of 5G mmWave Technology components stifles market growth throughout the forecast period of 2022-2029.\u003c\/p\u003e\n\n\u003cp\u003eThe key regions considered for the Global 5G mmWave Technology Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and growing acceptance \u0026amp; deployment of 5G mmWave Technology solutions in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the rising expansion of the telecom sector and increasing deployment of 5G network infrastructure-based millimeter wave technology in the region.\u003c\/p\u003e\n\n\u003cp\u003eMajor market player included in this report are:\u003cbr\u003e\nAviat Networks Inc.\u003cbr\u003e\nFarran Technology Ltd.\u003cbr\u003e\nFastback Networks Inc.\u003cbr\u003e\nKeysight Technologies Inc.\u003cbr\u003e\nMillimeter Wave Products Inc.\u003cbr\u003e\nSiklu Communication Ltd.\u003cbr\u003e\nVubiq Networks Inc\u003cbr\u003e\nSmiths Group Plc\u003cbr\u003e\nMistral Solutions Pvt. Ltd.\u003cbr\u003e\nNEC Corporation.\u003c\/p\u003e\n\n\u003cp\u003eRecent Developments in the Market:\u003cbr\u003e\n? In October 2022, USA-based Movandi, specializing in 5G RF and mmWave technologies and software, announced a collaboration with Rakuten Mobile to expand 5G outdoor and indoor mmWave network coverage and capacity in Japan through the deployment of Movandi’s smart repeater and BeamXR Open-RAN technology.\u003c\/p\u003e\n\n\u003cp\u003eGlobal 5G mmWave Technology Market Report Scope:\u003cbr\u003e\nHistorical Data 2019-2020-2021\u003cbr\u003e\nBase Year for Estimation 2021\u003cbr\u003e\nForecast period 2022-2029\u003cbr\u003e\nReport Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends\u003cbr\u003e\nSegments Covered Component, Application, Region\u003cbr\u003e\nRegional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World\u003cbr\u003e\nCustomization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional \u0026amp; segment scope*\u003c\/p\u003e\n\n\u003cp\u003eThe objective of the study is to define market sizes of different segments \u0026amp; countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.\u003c\/p\u003e\n\n\u003cp\u003eThe report also caters detailed information about the crucial aspects such as driving factors \u0026amp; challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:\u003c\/p\u003e\n\n\u003cp\u003eBy Component\u003cbr\u003e\nAntennas \u0026amp; Transceiver\u003cbr\u003e\nCommunications \u0026amp; Networking Components\u003cbr\u003e\nOthers\u003cbr\u003e\nBy Application\u003cbr\u003e\nTelecommunication\u003cbr\u003e\nMilitary and Defense\u003cbr\u003e\nAutomotive and Transport\u003cbr\u003e\nHealthcare\u003cbr\u003e\nElectronics\u003cbr\u003e\nBy Region:\u003cbr\u003e\nNorth America\u003cbr\u003e\nU.S.\u003cbr\u003e\nCanada\u003cbr\u003e\nEurope\u003cbr\u003e\nUK\u003cbr\u003e\nGermany\u003cbr\u003e\nFrance\u003cbr\u003e\nSpain\u003cbr\u003e\nItaly\u003cbr\u003e\nROE\u003cbr\u003e\nAsia Pacific\u003cbr\u003e\nChina\u003cbr\u003e\nIndia\u003cbr\u003e\nJapan\u003cbr\u003e\nAustralia\u003cbr\u003e\nSouth Korea\u003cbr\u003e\nRoAPAC\u003cbr\u003e\nLatin America\u003cbr\u003e\nBrazil\u003cbr\u003e\nMexico\u003cbr\u003e\nRoLA\u003cbr\u003e\nRest of the World\u003c\/p\u003e\n\n\u003cp\u003eCompanies Mentioned\u003c\/p\u003e\n\n\u003cp\u003eAviat Networks Inc.\u003cbr\u003e\nFarran Technology Ltd.\u003cbr\u003e\nFastback Networks Inc.\u003cbr\u003e\nKeysight Technologies Inc.\u003cbr\u003e\nMillimeter Wave Products Inc.\u003cbr\u003e\nSiklu Communication Ltd.\u003cbr\u003e\nVubiq Networks Inc\u003cbr\u003e\nSmiths Group Plc\u003cbr\u003e\nMistral Solutions Pvt. Ltd.\u003cbr\u003e\nNEC Corporation.\u003c\/p\u003e \n\n\u003cp\u003ePlease note:The single user license is non-downloadable and non-printable. Global Site license allows these actions\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"February, 2023 \/ 200 Pages \/ MCW16266200","offer_id":47699330793778,"sku":null,"price":5940.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/global-5g-mmwave-technology-market-size-study-forecast-by-component-antennas-transceiver-communications-networking-components-and-others-and-application-telecommunication-military-and-defense-automotive-and-transport-healthcare-and-electro","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}