The global demand for mmWave 5G Market is presumed to reach the market size of nearly USD 8.4 MN by 2028 from USD 3.03 MN in 2021 with a CAGR of 15.7% under the study period 2022 - 2028.
mmWave 5G has the potential to improve the next-generation wireless communication. A cutting-edge cellular technology called 5G mmWave gives users access to the bandwidth and capacity in the frequency range above 24GHz. 5G millimetre waves are now being used in wireless ecosystems and are continuing to gain popularity all over the world.
Market Dynamics
The increasing use of smartphones in both developed and developing economies and the rising investment of service providers to adopt this technology will likely drive the global market. Furthermore, the demand for mobile data services and use case requirements, such as cloud gaming, is met by mmWave 5G spectrum's extreme bandwidth, which increases network capacity and offers widespread support for multi-Gbps speeds. These factors are anticipated to drive the market's growth over the forecast period. Additionally, due to its superior speed and bandwidth, the increased demand for mmWave 5G in industrial IoT, colocation spaces, and smart manufacturing areas is expected to drive market expansion.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of mmwave 5g. The growth and trends of mmwave 5g industry provide a holistic approach to this study.
Market Segmentation
This section of the mmwave 5g market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Hardware (Antennas And Transceiver Components, Communication And Networking Components, Frequency And Sources And Related Components, Rf And Radio Components, Sensors And Controls, Power And Battery Components, Other Hardware)
- Solutions
- Services
- Managed Services
By Use Case
By Application
- Real-Time Surveillance Cameras
- AR/VR
- Industry 4.0
- Live Streaming
- Transport Connectivity
- Ultra-High-Definition Video
- Other Applications
By Bandwidth
- 24Ghz To 57Ghz
- 57Ghz To 95Ghz
- 95Ghz To 300Ghz
By End-Use
- Aerospace And Defense
- Telecom
- Media And Entertainment
- Automotive And Transportation
- Public Safety
- Healthcare And Life Sciences
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the mmWave 5G market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global mmWave 5G Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the mmwave 5g market include Airspan Networks, Alcan Systems, AMD, AT&T, Corning, Ericsson, Fastweb, Fujitsu, Huawei, JMA Wireless, Keysight Technologies, Mavenir, Movandi, Nokia, NTT Docomo, NXP Semiconductors, Pharrowtech, Pivotal Commware, Qualcomm, Rakuten Mobile, Renesas Electronics Coerporation, Samsung, Singtel, Sivers Semiconductors, Softbank, Verana Networks, and Verizon Communications Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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