Lucintel anticipates that North America will be the fastest growing region in the millimeter wave technology market

   October 3, 2019
According to a market report by Lucintel, the future of the millimeter wave technology market looks promising with opportunities in the mobile and telecommunication, consumer and commercial, healthcare, industrial, automotive & transportation, military, and aerospace &  defense industries. The millimeter wave technology market is expected to grow with a CAGR of 35% from 2019 to 2024. The major drivers for this market are growing mobile data traffic and demand for bandwidth-intensive applications, increasing use of millimeter wave in small-cell backhaul networks, and increasing demand for innovative applications in radar and security applications.

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In this market, scanner systems, radar and satellite communication systems, and telecommunication equipment are the major technologies. Within the millimeter wave technology market, mobile and telecommunication, consumer and commercial, healthcare, industrial, automotive and transportation, military, and aerospace & defense are the major end use industries.

North America will remain the largest market over the forecast period.

Ridgewave Communications, E-Band Communications, Lightpointe Communications, Siklu Communication, Vubiq Networks, Loea Corporation, Renaissance Electronics & Communications, Millivision Technologies, Fujitsu, Amplus Communication and others are among the major manufacturers of millimeter wave technology.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the millimeter wave technology market by technology, frequency band, license type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Millimeter Wave Technology Market 2019-2024: Trends, Forecast, and Opportunity Analysis. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the millimeter wave technology market by technology, frequency band, license type, end use industry, and region as follows:

By Technology [$M shipment analysis for 2013 – 2024]:

  • Scanner Systems

  • Radar and Satellite Communication Systems

  • Telecommunication Equipment

  • Others

By Frequency Band [$M shipment analysis for 2013 – 2024]:

  • Band between 30 GHz and 57 GHz

  • Band between 57 GHz and 86 GHz

  • Band between 86 GHz and 300 GHz

By License Type [$M shipment analysis for 2013 – 2024]:

  • Light Licensed Frequency

  • Unlicensed Frequency

  • Fully Licensed Frequency

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Mobile & Telecommunication

  • Consumer & Commercial

  • Healthcare

  • Industrial

  • Automotive and Transportation

  • Military, Defense, and Aerospace

  • Imaging

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

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