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
Asia Pacific
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 https://www.lucintel.com/milimeter-wave-technology-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.