Global Millimeter Wave Technology Market Size, Share, Regional Demand, Trends, Growth and Emerging Opportunities

According to the MarkNtel Advisors' research report, "Global Millimeter Wave Technology Market Analysis, 2021," the market is likely to grow at a CAGR of 36% during 2021-26. The growth attributes to increasing government initiatives & funding for intensive R&D to enhance MMW technology and surging adoption of mm-wave technologies in the telecom infrastructure.

Moreover, significant growth in millimeter-wave applications in small-cell backhaul networks and a surging number of IoT devices like virtual reality headsets and HD video applications are accelerating the market growth.

Furthermore, swelling penetration of e-computing services, propelling demand for high-capacity industrial wireless connectivity, the proliferation of 5G, and burgeoning investment by market players in the technology are the primary factors augmenting the growth of the millimeter wave technology market.

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Key questions answered in the study
1. What are the current and future trends in the global Millimeter Wave Technology market?
2. How has the market been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the global Millimeter Wave Technology market?
5. What is the customer orientation, purchase behavior, and expectations from the global Millimeter Wave Technology market service providers across various regions?

Significant Impact of COVID-19
The COVID-19 pandemic had a substantial effect on the economy as the outbreak adversely disrupted the working of the industries. The government-imposed lockdowns & other restrictions resulted in closed borders and supply chain disruptions.

Moreover, the temporary shutdown of the factories and delay in various ongoing projects for 5G installation & deployment in several countries had influenced the market of millimeter wave technology. However, as the restriction uplifted, the deployment of 5G has started by the telecom operator. Thus, the MMW technology market can certainly witness astronomical growth in the forthcoming years.

"Global Millimeter Wave Technology Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, and hotspots & opportunities available for Millimeter Wave Technology providers across the globe. Moreover, the report also comprehends the primary strategic imperatives for the competitors' success and strategic factorial indexing measuring competitors' capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

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Military & Defense Held Significant Market Share
Based on Application, Military & Defense held significant market share in the Global Millimeter Wave Technology market in 2019. The rising adoption of MMW scanner in airports owing to growing terrorism issues, surging demand for mm-wave technology for fast data transfer and communication, and soaring application and advancement in airborne data link, electronic warfare, and satellite communications. Hence, these are the factors propelling the demand for MMW technology.

Moreover, the escalating deployment of SATCOM backhaul and 5G in the defense sector for increasing speed, connectivity, & bandwidth, and growing demand for UAVs (Unmanned Aerial Vehicles), AR & VR, and Smart warehousing are the critical factors fueling the global Millimeter Wave Technology market growth, reveals MarkNtel Advisors in their research report, "Global Millimeter Wave Technology Analysis, 2021."

According to MarkNtel Advisors, the key industry leaders in the Global Millimeter Wave Technology market are Eravant (Sage Millimeter, Inc.), Cablefree: Wireless Excellence, E-Band Communications, Llc, Farran Technology, Trex Enterprises Corporation, Bridgewave Communications, Lightpointe Communications, Inc., Millitech, Inc., QuinStar Technology, Inc., Aviat Networks, Inc., NEC Corporation, Siklu Communication Ltd., etc.

Market Segmentation:
1. By Product (Telecommunication equipment (Mobile backhaul equipment, Small-cell equipment, Macro-cell equipment), Scanning Systems (Active System, Passive System), Radar and Satellite Communication Systems)
2. By Component (Antennas & Transceivers, Frequency Sources & Related Components, Communication & Networking Components, Imaging Components, RF & Radio Components, Sensors & Controls, Interface Controls, Power & Battery Components, Others)
3. By License Type (Light licensed, Unlicensed frequency, Fully licensed frequency)
4. By Frequency Band (30 GHz to 57 GHz, 57 GHz to 96 GHz, 96 GHz to 300 GHz)
5. By Application (Telecommunication, Military & Defense, Healthcare, Automotive & Transport, Electronics & Semi-conductor, Security)
6. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
7. By Country (U.S, Canada, Mexico, Brazil, Germany, France, Italy, The U.K, India, China, South Korea, Japan, GCC, South Africa)
8. By Competitors (Eravant (Sage Millimeter, Inc.), Cablefree: Wireless Excellence, E-Band Communications, Llc, Farran Technology, Trex Enterprises Corporation, Bridgewave Communications, Lightpointe Communications, Inc., Millitech, Inc., QuinStar Technology, Inc., Aviat Networks, Inc., NEC Corporation, Siklu Communication Ltd.,)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.