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Press Release:

Global Millimeter Wave Technology Market to Witness Strong Growth During 2020-2025, Spurred by the Roll-Out of 5G Network

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Millimeter Wave Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global millimeter wave technology market reached a value of US$ 1.10 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 27.3% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Millimeter wave (MMW or mmWave), also known as extremely high frequency (EHF), is an electromagnetic or radio wave that lies within the frequency range of 30-300 GHz with a wavelength between 1-10 mm. MMW technology is capable of transmitting massive amounts of data at high speed with minimal latency, which assists in increasing the performance, reliability, and bandwidth and scalable capacities. Consequently, the technology is extensively utilized in radio astronomy, remote sensing, automotive radars, wireless sensing, imaging, security screening and telecommunications.

The increasing telecom infrastructural deployments on account of the escalating demand for high-speed networks in the residential and commercial sectors represent one of the key factors stimulating the market growth. Moreover, with the incorporation of MMW technology in radio and satellite communication systems that form an integral part of national security, the security processes have become more efficient and reliable. This, along with the rising penetration of wireless communication technologies and e-computing services, is acting as another growth-inducing factor. Moreover, millimeter-wave therapy (MWT) is utilized for treating various diseases, such as cardiovascular and gastrointestinal ailments, diabetes, dermatitis, and depression, which, in turn, is also strengthening the market growth. Furthermore, on account of the increasing internet usage and the escalating need for bandwidth and speed-boosting technologies, the leading players are focusing on introducing MMW technology to meet the capacity requirements of 5G networks. However, due to the outbreak of the coronavirus disease (COVID-19) and several restrictions imposed by governments of various countries, the launch of 5G networks that relies on MMW technology has been delayed.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global millimeter wave technology market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, product, frequency band, license type and application.

Breakup by Component:

  • Antennas and Transceivers
  • Amplifiers
  • Oscillators
  • Control Devices
  • Frequency Converters
  • Passive Components   
  • Others
     

Breakup by Product:

  • Telecommunication Equipment
  • Imaging and Scanning Systems
  • Radar and Satellite Communication Systems
  • Services
     

Breakup by Frequency Band:

  • 30 GHz - 57 GHz
  • 57 GHz - 96 GHz
  • 96 GHz -300 GHz
     

Breakup by License Type:

  • Light Licensed Frequency Millimeter Wave
  • Unlicensed Frequency Millimeter Wave
  • Fully Licensed Frequency Millimeter Wave
     

Breakup by Application:

  • Telecommunication
  • Military and Defense
  • Automotive and Transport
  • Healthcare
  • Electronics and Semiconductor
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Aviat Networks Inc., AXXCSS Wireless Solutions Inc., Farran Technology Ltd., Fastback Networks Inc., Keysight Technologies Inc., L3 Technologies Inc., Millimeter Wave Products Inc., Mistral Solutions Pvt. Ltd. (AXISCADES Engineering Technologies Ltd.), NEC Corporation, Siklu Communication Ltd., Smiths Group Plc and Vubiq Networks Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Component, Product, Frequency Band, License Type, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Aviat Networks Inc., AXXCSS Wireless Solutions Inc., Farran Technology Ltd., Fastback Networks Inc., Keysight Technologies Inc., L3 Technologies Inc., Millimeter Wave Products Inc., Mistral Solutions Pvt. Ltd. (AXISCADES Engineering Technologies Ltd.), NEC Corporation, Siklu Communication Ltd., Smiths Group Plc and Vubiq Networks Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Millimeter Wave Technology Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Antennas and Transceivers
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Amplifiers
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Oscillators
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Control Devices
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Frequency Converters
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Passive Components
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Others
        6.7.1 Market Trends
        6.7.2 Market Forecast
7    Market Breakup by Product
    7.1    Telecommunication Equipment
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Imaging and Scanning Systems
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Radar and Satellite Communication Systems
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Services
        7.4.1 Market Trends
        7.4.2 Market Forecast
8    Market Breakup by Frequency Band
    8.1    30 GHz - 57 GHz
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    57 GHz - 96 GHz
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    96 GHz -300 GHz
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by License Type
    9.1    Light Licensed Frequency Millimeter Wave
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Unlicensed Frequency Millimeter Wave
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Fully Licensed Frequency Millimeter Wave
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Application
    10.1    Telecommunication
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Military and Defense
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Automotive and Transport
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Healthcare
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Electronics and Semiconductor
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others
        10.6.1 Market Trends
        10.6.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Aviat Networks Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
           16.3.1.3 Financials
        16.3.2    AXXCSS Wireless Solutions Inc.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Farran Technology Ltd.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
           16.3.3.3 Financials 
        16.3.4    Fastback Networks Inc
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
        16.3.5    Keysight Technologies Inc.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
           16.3.5.3 Financials 
           16.3.5.4 SWOT Analysis
        16.3.6    L3 Technologies Inc.
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio 
           16.3.6.3 SWOT Analysis
        16.3.7    Millimeter Wave Products Inc.
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Mistral Solutions Pvt. Ltd. (AXISCADES Engineering Technologies Ltd.)
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
        16.3.9    NEC Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
           16.3.9.3 Financials 
           16.3.9.4 SWOT Analysis
        16.3.10    Siklu Communication Ltd.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio 
        16.3.11    Smiths Group plc
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials 
           16.3.11.4 SWOT Analysis
        16.3.12    Vubiq Networks Inc.
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Millimeter Wave Technology Market: Major Drivers and Challenges
Figure 2: Global: Millimeter Wave Technology Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Millimeter Wave Technology Market: Breakup by Component (in %), 2020
Figure 4: Global: Millimeter Wave Technology Market: Breakup by Product (in %), 2020
Figure 5: Global: Millimeter Wave Technology Market: Breakup by Frequency Band (in %), 2020
Figure 6: Global: Millimeter Wave Technology Market: Breakup by License Type (in %), 2020
Figure 7: Global: Millimeter Wave Technology Market: Breakup by Application (in %), 2020
Figure 8: Global: Millimeter Wave Technology Market: Breakup by Region (in %), 2020
Figure 9: Global: Millimeter Wave Technology Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Millimeter Wave Technology (Antennas and Transceivers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11 Global: Millimeter Wave Technology (Antennas and Transceivers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Millimeter Wave Technology (Amplifiers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Millimeter Wave Technology (Amplifiers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Millimeter Wave Technology (Oscillators) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Millimeter Wave Technology (Oscillators) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Millimeter Wave Technology (Control Devices) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Millimeter Wave Technology (Control Devices) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Millimeter Wave Technology (Frequency Converters) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Millimeter Wave Technology (Frequency Converters) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Millimeter Wave Technology (Passive Components) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Millimeter Wave Technology (Passive Components) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Millimeter Wave Technology (Other Components) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Millimeter Wave Technology (Other Components) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Millimeter Wave Technology (Telecommunication Equipment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Millimeter Wave Technology (Telecommunication Equipment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Millimeter Wave Technology (Imaging and Scanning Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Millimeter Wave Technology (Imaging and Scanning Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Millimeter Wave Technology (Radar and Satellite Communication Systems) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Millimeter Wave Technology (Radar and Satellite Communication Systems) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Millimeter Wave Technology (Services) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Millimeter Wave Technology (Services) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Millimeter Wave Technology (30 GHz - 57 GHz) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Millimeter Wave Technology (30 GHz - 57 GHz) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Millimeter Wave Technology (57 GHz - 96 GHz) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Millimeter Wave Technology (57 GHz - 96 GHz) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Millimeter Wave Technology (96 GHz -300 GHz) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Millimeter Wave Technology (96 GHz -300 GHz) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Millimeter Wave Technology (Light Licensed Frequency Millimeter Wave) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Millimeter Wave Technology (Light Licensed Frequency Millimeter Wave) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Millimeter Wave Technology (Unlicensed Frequency Millimeter Wave) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Millimeter Wave Technology (Unlicensed Frequency Millimeter Wave) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Millimeter Wave Technology (Fully Licensed Frequency Millimeter Wave) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Millimeter Wave Technology (Fully Licensed Frequency Millimeter Wave) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Millimeter Wave Technology (Telecommunication) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Millimeter Wave Technology (Telecommunication) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Millimeter Wave Technology (Military and Defense) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Millimeter Wave Technology (Military and Defense) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Global: Millimeter Wave Technology (Automotive and Transport) Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Global: Millimeter Wave Technology (Automotive and Transport) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Global: Millimeter Wave Technology (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Global: Millimeter Wave Technology (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Global: Millimeter Wave Technology (Electronics and Semiconductor) Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Global: Millimeter Wave Technology (Electronics and Semiconductor) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Global: Millimeter Wave Technology (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Global: Millimeter Wave Technology (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: North America: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: North America: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United States: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United States: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Canada: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Canada: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Asia Pacific: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Asia Pacific: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: China: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: China: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Japan: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Japan: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: India: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: India: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: South Korea: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: South Korea: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Australia: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Australia: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Indonesia: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Indonesia: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Others: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Others: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Europe: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Europe: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Germany: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Germany: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: France: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: France: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: United Kingdom: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: United Kingdom: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Italy: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Italy: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Spain: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Spain: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Russia: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Russia: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Others: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Others: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Latin America: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Latin America: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 96: Brazil: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 97: Brazil: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 98: Mexico: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 99: Mexico: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 100: Others: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 101: Others: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 102: Middle East and Africa: Millimeter Wave Technology Market: Sales Value (in Million US$), 2015 & 2020
Figure 103: Middle East and Africa: Millimeter Wave Technology Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 104: Global: Millimeter Wave Technology Industry: SWOT Analysis
Figure 105: Global: Millimeter Wave Technology Industry: Value Chain Analysis
Figure 106: Global: Millimeter Wave Technology Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Millimeter Wave Technology Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Millimeter Wave Technology Market Forecast: Breakup by Component (in Million US$), 2021-2026
Table 3: Global: Millimeter Wave Technology Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 4: Global: Millimeter Wave Technology Market Forecast: Breakup by Frequency Band (in Million US$), 2021-2026
Table 5: Global: Millimeter Wave Technology Market Forecast: Breakup by License Type (in Million US$), 2021-2026
Table 6: Global: Millimeter Wave Technology Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Global: Millimeter Wave Technology Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Millimeter Wave Technology Market Structure
Table 9: Global: Millimeter Wave Technology Market: Key Players

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Key Questions Answered in This Report

The global millimeter wave technology market was valued at US$ 1.10 Billion in 2020. 

We expect the global millimeter wave technology market to exhibit a CAGR of 27.3 % during 2021-2026.

The expanding telecom infrastructures on account of the rising demand for high-speed networks in the residential and commercial sectors represent one of the factors driving the global millimeter wave technology market. 

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several countries resulting in delayed launch of 5G networks which relies on MMW technology.

Based on the component, the global millimeter wave technology market can be segmented into amplifiers, antennas and transceivers, oscillators, passive components, control devices, frequency converters, and others. Currently, antennas and transceivers hold the majority of the total market share.

Based on the frequency band, the global millimeter wave technology market has been segregated into 30 GHz - 57 GHz, 57 GHz - 96 GHz, and 96 GHz - 300 GHz. Currently, 57 GHz - 96 GHz frequency band represents the largest segment.

Based on the license type, the global millimeter wave technology market can be divided into unlicensed frequency millimeter wave, light licensed frequency millimeter wave, and fully licensed frequency millimeter wave. Amongst these, unlicensed frequency millimeter wave accounts for the majority of the total market share.

Based on the application, the global millimeter wave technology market can be segmented into military and defense, healthcare, telecommunication, automotive and transport, electronics and semiconductor, and others. Currently, the telecommunication sector holds the majority of the total market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global millimeter wave technology market include Aviat Networks Inc., AXXCSS Wireless Solutions Inc., Farran Technology Ltd., Fastback Networks Inc., Keysight Technologies Inc., L3 Technologies Inc., Millimeter Wave Products Inc., Mistral Solutions Pvt. Ltd. (AXISCADES Engineering Technologies Ltd.), NEC Corporation, Siklu Communication Ltd., Smiths Group Plc, and Vubiq Networks Inc.

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