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mmWave 5G Trends and Forecast
The future of the global mmWave 5G market looks promising with opportunities in the aerospace & defense, telecom, media & entertainment, automotive & transportation, public safety, and healthcare & life science markets. The global mmWave 5G market is expected to reach an estimated $6.4 billion by 2030 with a CAGR of 13.8% from 2024 to 2030. The major drivers for this market are increasing demand for high-speed data connectivity, growing adoption of 5G by businesses and consumers, and rising government support for 5G development.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
mmWave 5G by Segment
The study includes a forecast for the global mmWave 5G by component, use case, application, end use, and region.
mmWave 5G Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Hardware
• Software
• Services
mmWave 5G Market by Use Case [Shipment Analysis by Value from 2018 to 2030]:
• eMBB
• FWA
• mMTC
• URLLC
mmWave 5G Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Real-Time Survilliance Cameras
• AR/VR
• Industry 4.0
• Live Streaming
• Transport Connectivity
• Ultra High-Defination Video
• Others
mmWave 5G Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Aerospace & Defense
• Telecom
• Media & Entertainment
• Automotive & Transportation
• Public Safety
• Healthcare & Life Sciences
• Others
mmWave 5G Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of mmWave 5G Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mmWave 5G companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mmWave 5G companies profiled in this report include-
• NXP Semiconductors
• Airspan Networks
• AT&T
• Fastweb
• Softbank
• Corning
• Nokia
• Mavenir
• NTT Docomo
• AMD
mmWave 5G Market Insights
Lucintel forecasts that AR/VR is expected to witness highest growth over the forecast period due to rising adoption of AR/VR in healthcare, gaming, education, and architectural visualization.
Within this market, telecom is expected to remain the largest segment due to increasing demand from increasing demand of high-speed mobile internet from various commerical sectors.
North America will remain the largest region during the forecast period due to the early adoption of new technologies in the USA and the presence of major telecommunications companies.
Features of the Global mmWave 5G Market
Market Size Estimates: Mmwave 5g market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Mmwave 5g market size by various segments, such as by component, use case, application, end use, and region in terms of value ($B).
Regional Analysis: Mmwave 5g market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, use cases, applications, end uses, and regions for the mmWave 5G market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mmWave 5G market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the mmWave 5G market size?
Answer: The global mmWave 5G market is expected to reach an estimated $6.4 billion by 2030.
Q.2 What is the growth forecast for mmWave 5G market?
Answer: The global mmWave 5G market is expected to grow with a CAGR of 13.8% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the mmWave 5G market?
Answer: The major drivers for this market are increasing demand for high-speed data connectivity, growing adoption of 5G by businesses and consumers, and rising government support for 5G development.
Q4. What are the major segments for mmWave 5G market?
Answer: The future of the mmWave 5G market looks promising with opportunities in the aerospace & defense, telecom, media & entertainment, automotive & transportation, public safety, and healthcare & life science markets.
Q5. Who are the key mmWave 5G market companies?
Answer: Some of the key mmWave 5G companies are as follows:
• NXP Semiconductors
• Airspan Networks
• AT&T
• Fastweb
• Softbank
• Corning
• Nokia
• Mavenir
• NTT Docomo
• AMD
Q6. Which mmWave 5G market segment will be the largest in future?
Answer: Lucintel forecasts that AR/VR is expected to witness highest growth over the forecast period due to rising adoption of AR/VR in healthcare, gaming, education, and architectural visualization.
Q7. In mmWave 5G market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region during the forecast period due to the early adoption of new technologies in the USA and the presence of major telecommunications companies.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the mmWave 5G market by component (hardware, software, and services), use case (eMBB, FWA, mMTC, and urllc), application (real-time survilliance cameras, AR/VR, industry 4.0, live streaming, transport connectivity, ultra high-defination video, and others), end use (aerospace & defense, telecom, media & entertainment, automotive & transportation, public safety, healthcare & life sciences, and others), 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?
For any questions related to Mmwave 5G Market, Mmwave 5G Market Size, Mmwave 5G Market Growth, Mmwave 5G Market Analysis, Mmwave 5G Market Report, Mmwave 5G Market Share, Mmwave 5G Market Trends, Mmwave 5G Market Forecast, Mmwave 5G Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global mmWave 5G Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global mmWave 5G Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global mmWave 5G Market by Component
3.3.1: Hardware
3.3.2: Software
3.3.3: Services
3.4: Global mmWave 5G Market by Use Case
3.4.1: eMBB
3.4.2: FWA
3.4.3: mMTC
3.4.4: URLLC
3.5: Global mmWave 5G Market by Application
3.5.1: Real-time Survilliance Cameras
3.5.2: AR/VR
3.5.3: Industry 4.0
3.5.4: Live Streaming
3.5.5: Transport Connectivity
3.5.6: Ultra High-defination Video
3.5.7: Others
3.6: Global mmWave 5G Market by End Use
3.6.1: Aerospace & Defense
3.6.2: Telecom
3.6.3: Media & Entertainment
3.6.4: Automotive & Transportation
3.6.5: Public Safety
3.6.6: Healthcare & Life Sciences
3.6.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global mmWave 5G Market by Region
4.2: North American mmWave 5G Market
4.2.1: North American mmWave 5G Market by Application: Real-time Survilliance Cameras, AR/VR, Industry 4.0, Live Streaming, Transport Connectivity, Ultra High-defination Video, and Others
4.2.2: North American mmWave 5G Market by End Use: Aerospace & Defense, Telecom, Media & Entertainment, Automotive & Transportation, Public Safety, Healthcare & Life Sciences, and Others
4.3: European mmWave 5G Market
4.3.1: European mmWave 5G Market by Application: Real-time Survilliance Cameras, AR/VR, Industry 4.0, Live Streaming, Transport Connectivity, Ultra High-defination Video, and Others
4.3.2: European mmWave 5G Market by End Use: Aerospace & Defense, Telecom, Media & Entertainment, Automotive & Transportation, Public Safety, Healthcare & Life Sciences, and Others
4.4: APAC mmWave 5G Market
4.4.1: APAC mmWave 5G Market by Application: Real-time Survilliance Cameras, AR/VR, Industry 4.0, Live Streaming, Transport Connectivity, Ultra High-defination Video, and Others
4.4.2: APAC mmWave 5G Market by End Use: Aerospace & Defense, Telecom, Media & Entertainment, Automotive & Transportation, Public Safety, Healthcare & Life Sciences, and Others
4.5: ROW mmWave 5G Market
4.5.1: ROW mmWave 5G Market by Application: Real-time Survilliance Cameras, AR/VR, Industry 4.0, Live Streaming, Transport Connectivity, Ultra High-defination Video, and Others
4.5.2: ROW mmWave 5G Market by End Use: Aerospace & Defense, Telecom, Media & Entertainment, Automotive & Transportation, Public Safety, Healthcare & Life Sciences, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global mmWave 5G Market by Component
6.1.2: Growth Opportunities for the Global mmWave 5G Market by Use Case
6.1.3: Growth Opportunities for the Global mmWave 5G Market by Application
6.1.4: Growth Opportunities for the Global mmWave 5G Market by End Use
6.1.5: Growth Opportunities for the Global mmWave 5G Market by Region
6.2: Emerging Trends in the Global mmWave 5G Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global mmWave 5G Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global mmWave 5G Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: NXP Semiconductors
7.2: Airspan Networks
7.3: AT&T
7.4: Fastweb
7.5: SoftBank
7.6: Corning
7.7: Nokia
7.8: Mavenir
7.9: NTT DOCOMO
7.10: AMD
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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