The global market for Millimeter Wave Equipment is estimated at US$2.3 Billion in 2023 and is projected to reach US$7.6 Billion by 2030, growing at a CAGR of 18.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth of the mmWave technology market is fueled by various drivers that align with broader technological and infrastructural developments. The integration of mmWave technology into modernizing infrastructures allows for enhanced communication system performance without complete overhauls, making it an attractive option for stakeholders looking for cost-effective technological upgrades. Improvements in semiconductor manufacturing have reduced the costs of mmWave components, increasing the accessibility of the technology. The global rollout of 5G networks boosts demand for mmWave equipment, essential for supporting ultra-high frequency operations. Additionally, regulatory changes facilitating spectrum allocation for mmWave frequencies expand the technology`s applications. Consumer expectations for immediate and reliable connectivity in densely populated areas further accelerate the adoption of mmWave technologies, which provide significantly faster connections than traditional technologies. The versatility of mmWave is also demonstrated in its increasing use in sectors such as automotive for autonomous vehicles and in manufacturing for industrial IoT applications. The proliferation of devices compatible with mmWave frequencies and the development of supporting ecosystems are crucial for its widespread adoption, ensuring mmWave technology remains integral to the future landscape of global telecommunications.
The growth of the mmWave technology market is fueled by various drivers that align with broader technological and infrastructural developments. The integration of mmWave technology into modernizing infrastructures allows for enhanced communication system performance without complete overhauls, making it an attractive option for stakeholders looking for cost-effective technological upgrades. Improvements in semiconductor manufacturing have reduced the costs of mmWave components, increasing the accessibility of the technology. The global rollout of 5G networks boosts demand for mmWave equipment, essential for supporting ultra-high frequency operations. Additionally, regulatory changes facilitating spectrum allocation for mmWave frequencies expand the technology`s applications. Consumer expectations for immediate and reliable connectivity in densely populated areas further accelerate the adoption of mmWave technologies, which provide significantly faster connections than traditional technologies. The versatility of mmWave is also demonstrated in its increasing use in sectors such as automotive for autonomous vehicles and in manufacturing for industrial IoT applications. The proliferation of devices compatible with mmWave frequencies and the development of supporting ecosystems are crucial for its widespread adoption, ensuring mmWave technology remains integral to the future landscape of global telecommunications.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Telecommunication Equipment segment, which is expected to reach US$5.3 Billion by 2030 with a CAGR of a 18.1%. The Radar & Satellite Communication Systems segment is also set to grow at 21.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $628.2 Million in 2023, and China, forecasted to grow at an impressive 17.4% CAGR to reach $1.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Millimeter Wave Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Millimeter Wave Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Millimeter Wave Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Aviat Networks, Inc., Bridgewave Communications, DragonWave, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 36 Featured):
- Aviat Networks, Inc.
- Bridgewave Communications
- DragonWave, Inc.
- E-Band Communications
- ELVA-1 Millimeter Wave Division
- Intracom Telecom
- NEC Corporation
- Siklu Communication Ltd
- Trex Enterprises Corporation
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
Companies Mentioned
- Aviat Networks, Inc.
- Bridgewave Communications
- DragonWave, Inc.
- E-Band Communications
- ELVA-1 Millimeter Wave Division
- Intracom Telecom
- NEC Corporation
- Siklu Communication Ltd
- Trex Enterprises Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 272 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2.3 Billion |
| Forecasted Market Value ( USD | $ 7.6 Billion |
| Compound Annual Growth Rate | 18.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
