Millimeter Wave Technology Market worth $5.23 billion by 2025 with a growing CAGR of 41.5%


Free Press Release DB | Press Release Date : Jul 10, 2019  Download


Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), Frequency Band, License Type, Millimeter Wave Technology Application (Mobile and Telecom, Military, Defense, and Aerospace, Automotive), and Geography


According to the new market research report on the "Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), Frequency Band, License Type, Application (Automotive, Mobile & Telecom, Military, Defense, and Aerospace,), and Geography - Global Forecast to 2025" , this market is expected to be worth USD 5.23 billion by 2025, at a CAGR of 41.5% between 2019 and 2025. The major factors driving the growth of the millimeter wave technology industry include the surge in mobile data traffic with bandwidth-intensive applications, use in the small-cell backhaul network, demand for innovative application of radar and security products, and potential use in consumer electronics.

Telecommunication equipment expected to hold the largest market size by 2025

Millimeter wave technology-based telecommunication equipment held the largest market share in 2018. This is attributed to the surge in the number of mobile subscribers, resulting in the demand for efficient mobile backhaul solutions that can provide services to a large user base without degrading the connectivity and connection speed.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=981

Market for mobile & telecom application to grow at the highest rate during the forecast period

The millimeter wave technology for the mobile & telecom application is estimated to grow at the highest CAGR during the forecast period. The research and developments, and testing of 5G technology are anticipated to be the key factor contributing toward the growth of the market for the mobile & telecom application over the next six years.

North America likely to hold the largest share of the millimeter wave technology market during the forecast period

North America is expected to hold the largest share of the millimeter wave technology market during the forecast period owing to the growing need for high-speed data transfer along with the overuse of the existing spectrum in the telecom sector. Further, the large-scale testing of autonomous and semi-autonomous vehicles is also expected to boost the demand for millimeter wave-based components. North America is also anticipated to witness considerable growth in the market for the military, defense, and aerospace applications with the increasing use of this technology in unmanned aerial vehicles (UAVs) and unmanned surface vessels (USVs).

Request Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=981

The report also profiles the most promising players in the millimeter wave technology market. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players. The key players in this industry are BridgeWave Communications (US), E-Band Communications, LLC (US), Siklu Communication Ltd (Israel), L3 Technologies, Inc. (US), NEC Corporation(Japan), Renaissance Electronics & Communications (HXi) (US), Smiths Group Plc. (UK), Vubiq Networks, Inc. (US), Proxim Wireless (US), ELVA-1 (Sweden), and Wireless Excellence Ltd. (CableFree) (UK).




Contact Person & Company

Name

:

naresh kumar

Company

:

Marketsandmarkets

Contact Numbers

Telephone No.

:

1-888-600-6441

Fax No.

:

Handphone No.

:

Website

Website 1

:

Website 2

:

Youtube

:

PR Tags

:

Millimeter Wave Technology Market,

Address

630 Dundee Road Suite 430 Northbrook, IL 60062

60062, Northbrook

IL

United states


Contact The Author








More Press Release From Author



Fiber optic Components Market worth 27.60 Billion USD by 2023 with a growing CAGR of 10%


Free Press Release DB :

Fiber Optic Components Market by Component (Transceivers, AOCs, Cables, Amplifiers, Splitters, Connectors, Circulators), Data Rate (10G, 40G, 100G, above 100G), Application (Communications, Distributed Sensing) --> Read This Press Release !



By : naresh, kumar ( Aug 23, 2019 )
Category : Technology Press Release | Country : United States Press Release




Acoustic Emission Testing Market worth 349.9 Million USD by 2023 with a growing CAGR of 7.32%


Free Press Release DB :

Acoustic Emission Testing Market by Equipment (Sensors, Amplifiers, Detection Instruments), Service (Inspection, Calibration), Application (Storage Tank, Pipeline, Aging Aircraft, Structural Monitoring, Turbine), and Geography --> Read This Press Release !



By : naresh, kumar ( Aug 22, 2019 )
Category : Technology Press Release | Country : United States Press Release




Precision Livestock Farming Market worth $4.6 billion by 2024 with a growing CAGR of 9.2%


Free Press Release DB :

Precision Livestock Farming Market by Functional Process (Climate Control, Water Usage, Feed Dosage, Weight Estimates, Animal Behaviour), Hardware (Camera, Milking Robots, Sensors, Microphones), Application, and Geography --> Read This Press Release !



By : naresh, kumar ( Aug 21, 2019 )
Category : Technology Press Release | Country : United States Press Release





Disclaimer

The author of the press releases are solely responsible for the content of their press releases. Freepressreleasedb.com can't be held liable for the content posted by author. Please check the accuracy of the press release before using the press release. If necessary please contact the author. Thank you.