The Millimeter Wave Technology Market size is expected to grow from USD 2.9 Billion in 2022 to USD 28.7 Billion by 2030, at a CAGR of 33% during the forecast period.
Millimeter wave technology refers to the segment of the electronics and telecommunications industries that is focused on applying electromagnetic waves with frequencies in the millimeter wave range, which is typically between 30 and 300 gigahertz. Radar systems, imaging, and wireless communications are some of the applications for this technology. Due to its ability to provide quick data transfer, advanced security scanning, and precise sensing, it is crucial for the development of technologies like 5G networks, autonomous cars, and security apparatus. This market encompasses millimeter wave device and system creation, manufacturing, and application.
Top Key Players Covered In the Global Millimeter Wave Technology Market
Axxcss Wireless Solution (US), NEC Corporation (Japan), Siklu Communication Ltd. (Israel), Aviat Networks Inc. (US), Sage Millimeter Inc. (US), Anokiwave Inc. (US), Bridgewave Communications Inc. (US), TLC Precision Wafer Technology (US), Farran Technologies (Ireland), Pacific Antenna Systems LLC (US), Aura Intelligent Systems Inc. (US), Smiths Interconnect Inc. (UK), E-band Communications LLC (US), MixZon Inc. (US), Dymenso LLC (US) and Other Major Players
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Segmentation Analysis of the Millimeter Wave Technology Market:
By Product
- Telecommunication Equipment
- Imaging & Scanning Systems
- Radar & Satellite Communication Systems
By Component
- Antennas and Transceivers
- Imaging Components
- Amplifiers
- Radio and RF Components
- Frequency Meters
- Others
By License Type
- Light Licensed Frequency
- Unlicensed Frequency
- Fully Licensed Frequency
By Application
- Telecommunication
- Automotive
- Healthcare
- Defense and Security
- Electronics
- Others
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By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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