Technological breakthroughs in digital network connections has linked a number of devices for improving healthcare, education, and several other sectors of economy. Integration of autonomous millimeter wave technology in such devices is also gaining momentum with the expansion of the global market.
United States, Rockville MD, Aug. 02, 2022 (GLOBE NEWSWIRE) — The millimeter wave technology market is forecasted to reach a valuation of US$ 12.7 Bn by 2032 from US$ 2.2 Bn in 2022, rising rapidly at a CAGR of 19.3% throughout the forecast period.
Increased broadband and mobile speeds, increased use of millimetre wave in small-cell backhaul networks, and significant demand for millimetre wave technology in security and radar applications are all driving millimeter wave technology market forward.
The adoption of millimeter wave technology is growing due to increased consumption of high-bandwidth content and application usage. Fiber-to-the-home (FTTH) adoption, cable broadband adoption, high-speed DSL adoption, and overall broadband penetration are all factors that influence the demand for millimeter wave technology.
“The rising demand of mm wave technology in several telecommunication industries is expected to propel the global market forward at a rapid phase.”
In addition, there is a growing demand for millimetre wave technology in the military, aerospace, and defence sectors due to the ease and speed with which information such as orders and commands can be exchanged while maintaining high connectivity and security through the use of various applications. These reasons are projected to drive the adoption of millimetre wave technology market to new heights.
For more insights into the Market, Get A Sample of this Report!
This millimetre wave technology market is gaining traction in a variety of industrial and commercial industries, including smart wearables, smart phones, and smart watches, which require wireless connectivity.
Digital network advancements connect a large number of devices and sensors, allowing for advancements in healthcare, education, transportation, automotive, telecommunications, and other areas.
The frequency sources and related components is expected to grow at a CAGR of 19.4% and have the highest share in the multimeter wave technology market.
With a CAGR of 18.8%, millimetre wave technology sector is expected to be dominated by telecommunication equipment.
Due to the increased adoption of multimeter wave technology for devices in the unlicensed frequency range, millimetre wave technology for unlicensed frequencies accounted for the biggest proportion in 2021.
During the projection period, the market for the 57–95 GHz frequency range is expected to account for the biggest share and increase at the fastest CAGR.
The millimetre wave technology industry was dominated by mobile and telecom applications.
Furthermore, increased demand for multimeter wave technology in the industrial industry as a result of increased building automation adoption ensures high precision occupancy detection and tracking of individuals from both indoor and outdoor at a range of 14 m to 50 m.
North America’s millimetre wave technology market is expected to have the greatest share. The rising demand for millimetre wave technology in telecommunications and mobile applications is driving market expansion. This area is known for having the largest number of millimetre wave technology suppliers, which helps to drive the market’s growth.
Autonomous millimetre wave technology is increasingly being used in hospitals for medical imaging. The demand for millimetre wave technology is projected to rise as it is used in the telecommunications industry to carry data over vast distances.
Furthermore, as the requirement for larger bandwidth grows, the demand for millimetre wave technology grows as it allows high data transfer at a high rate..
For Comprehensive Insights Ask An Analyst Here
Consumer demand for connected gadgets such as smartphones, tablets, and other devices is propelling the adoption of millimetre wave technology. The demand for millimetre wave technology is growing as it has a number of advantages over fibre optics, including increased bandwidth, speed, and security.
Increased demand for imaging equipment, networks, monitors, and, most importantly, security is driving the adoption of multimeter wave technology in the healthcare and aerospace industries.
Millimeter waves provide a number of advantages over other radio frequencies, but they also have certain drawbacks which are restraining the multimeter wave technology market growth. Millimeter waves are incapable of bouncing off actual objects. Tree branches and walls might interfere with and absorb the signal, causing it to be halted.
Millimeter waves are much more costly than other regularly utilised frequencies. This makes multimeter wave technology nearly unattainable to smaller businesses without the necessary funds. These are the factors which are forecasted to hinder the growth of multimeter wave technology market.
The key players in millimetre wave technology market are Axxcss Wireless Solutions (US), NEC Corporation (Japan), Siklu Communication (Israel), L3HARRIS (US), Smiths Group (UK), Eravant (US), Aviat Networks (US), Farran Technologies (Ireland), and Millimeter Wave Products (US).
To increase their market position, these organisations have used both organic and inorganic growth tactics such as product launches and installations, contracts, mergers, collaborations, partnerships, and expansions.
Get Customization on this Report for Specific Research Solutions
Eravant released custom waveguide solutions in March 2020, including customised waveguide sections and flanges.
Keysight and VIOMI, the pioneer of IoT@Home, announced a partnership in March 2020 to expedite 5G enabled IoT smart home deployment. The radio frequency (RF) performance of VIOMI’s IoT devices for home applications was validated using Keysight’s 5G solutions.
NEC and Altiostar, the global leader in 5G-ready, open, virtualized RAN (vRAN) technologies, announced a partnership in January 2020 to accelerate the adoption of 4G/5G open vRAN solutions.
NEC released a millimeter-wave distributed antenna radio unit in January 2020, allowing for more efficient utilisation of the 5G millimeter-wave spectrum (28 GHz band) and hence better channel quality for indoor 5G applications.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global Millimeter Wave Technology Market, presenting historical demand data (2017-2020) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of Component (Antennas & Transceiver Components, Imaging Components, RF & Radio Components), by Product (Scanning Systems, Telecommunication Equipment), by Frequency Band, by License Type, by End Use, Regional Forecast 2022-2032
About the Technology Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Technology team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the prominent end use industries across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.
Check out more studies related to Technology Industry, conducted by Fact.MR:
Contactless Biometrics Market – Contactless Biometrics Market By Component (Hardware, Software, Service), By Application (Face, Fingerprint, Iris, Voice), By End Use (Healthcare, Government, Defence & Security)- Global Market Insights 2022 to 2032
Data Protection Software Market – Data Protection Software Market Analysis by Solution Type (Data Backup & Recovery, Disaster Recovery, Data Security, Data Compliance), by Deployment Type (Cloud, On-Premises), by Enterprise Size, By End-Use Industry & Regional Forecast 2022-2032
Data Center Market – Data Center Market Analysis by Type (New Data Centers, Data Center Rebuild), by Consulting (Network Design, Security Consulting, Network Analysis, Benchmarking), by Integration (Project Management, Installation, Test & Debug), by Application & Regional Forecast to 2032
E-commerce Software and Platform Market – E-commerce Software and Platform Market Analysis by Deployment (SaaS, On-premise), by Business Model (B2B, B2C, Market Place), by End-use, by Region – Global Forecast 2022-2032
Airport Retailing Consumer Electronics Market – Airport Retailing Consumer Electronics Market Analysis by Category (Fashion & Accessories, Perfumes & Cosmetics, Liquor & Tobacco, Food & Beverages), by Airport Size (Small, Medium, Large) by Type (Direct Retailer, Department Stores, Specialty Retailers) & Regional Forecast to 2032
G Suite Technology Services Market – G Suite Technology Services Market Analysis by Service Type (Advisory Services, Migration Services, Integration Services, Design & Deployment), by Organization Size (Small & Medium Enterprises, Large Enterprises), by End-Use Industry & Regional Forecast 2022-2032
Identity Theft Protection Services Market – Identity Theft Protection Services Market Analysis by Type (Credit Card Fraud, Employment & Tax Related Fraud, Phone or Utility Fraud, Band Fraud), by End Use, by Region – Global Forecast 2022-2032
Smart Parking Solutions Market – Smart Parking Solutions Market Analysis By System Components & Services (Smart Parking Software, Smart Parking System Devices, Professional Services), By Solutions (Smart Parking Access Control, Reservation Management Solutions), By End Use – Global Insights 2022-2032
Computer Aided Dispatch (CAD) Market – Computer Aided Dispatch (CAD) Market Analysis by Component (Computer Aided Dispatch Solutions, Services), by Deployment (Cloud-based, On-premises), by Organization (Large Enterprises, SMEs), by Application Area, by Industry & Regional Forecast 2022-2032
MEMS Sensor Market – MEMS Sensor Market Analysis by Type (Mechanical, Optical, Chemical & Biological, Thermal MEMS Sensors), by Fabrication Material (Silicon, Polymer, Ceramic, Metal MEMS Sensors), by Application, by Region – Global Forecast 2022-2032
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-158
The super investor still sees opportunities ahead.
(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. is following an age-old adage: Buy the dip.Most Read from BloombergR Kelly Has $28,000 in His Prison-Inmate Account. Prosecutors Want to Seize ItBuffett’s Berkshire Pounces on Market Slump to Buy EquitiesTax Bill Latest: GOP Private Equity Carveout Amendment ApprovedTurkish Banks Are Adopting Russian Payments System, Erdogan SaysYOLO Stock Bulls Say Wake Me When Fed Tightening Starts to BiteThe conglomerate was a net buyer of equities in th
After July’s exceptional surge, the markets steadied during early August with the S&P 500 up by a third of a precent over the past week. Now investors will be keen to find out if the rally has legs. Stifel's chief equity strategist Barry Bannister thinks it does and believes the S&P 500 is on course to reach 4,400 during the year’s second half, explaining that the sell-off in 1H22 is “still being reversed.” The strategist also thinks the S&P 500’s “equity risk premium” now suggests a mid-point p
Advanced Micro Devices continues to deliver strong financial results, which could lead to blockbuster gains in its stock price.
Berkshire Hathaway Inc said on Saturday that Vice Chairman Greg Abel, who is next in line to succeed billionaire Warren Buffett as chief executive, sold his 1% stake in the company's Berkshire Hathaway Energy unit for $870 million. In its quarterly report, Berkshire said the energy unit bought out Abel in June under an agreement among them and the family of the late billionaire philanthropist Walter Scott, which owns an 8% stake. Buffett's Omaha, Nebraska-based conglomerate took a $362 million charge to capital, reflecting the premium over how much the stake's value was reflected on its books.
As a Chinese success story, Alibaba is unrivalled. As its founder, Jack Ma soared in power and prestige, acquiring a global reputation that spread alongside the company’s growth into a global e-commerce giant.
A recession? Don’t tell that to the stock market. The major averages ended positive for the week. That came after the best month for the S&P 500 since November 2020.
Stock splits have been hot lately as some top companies have decided that dividing up their stocks into smaller portions will benefit the companies and their shareholders. Whether stock splits are advantageous to anyone is debatable, but historically, splitting the stock into smaller portions at cheaper prices does tend to achieve at least an initial jump in the price. Amazon (NASDAQ: AMZN) and Shopify (NYSE: SHOP) both split their stocks in June, and both stocks are up around 10% since their respective stock splits as of this writing.
The rebound in Ford's U.S. deliveries should give investors more confidence in the underlying demand environment.
The tax would help fund the climate and healthcare deal proposed by Democrats. If it goes through, larger companies would bear the burden.
It looks like Exxon Mobil Corporation ( NYSE:XOM ) is about to go ex-dividend in the next three days. The ex-dividend…
A series of inflation reports due out this week could propel or break the market’s summer momentum.
Costco has famously been a good place to work. Costco has more than 13,000 ratings on the website, with 80% of employees recommending working at Costco. Over 2254 reviews even stated that they "love Costco because they provide you with a living wage and great benefits even working part time."
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Garmin Ltd. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.
Since touching their respective closing highs between mid-November and the first week of January, the iconic Dow Jones Industrial Average, widely tracked S&P 500, and growth-dependent Nasdaq Composite have plunged as much as 19%, 24%, and 34%. While the Dow came within a bad day of ending in bear market territory, the S&P 500 and Nasdaq were firmly entrenched there. If there's a silver lining to the worst first-half to a year for the S&P 500 since 1970, it's that bargains abound for patient investors.
Once the mightiest of industrial conglomerates, GE is breaking into three pieces. It's time to value each of the businesses.
ClearBridge Investments, an investment management firm, published its “Large Cap Growth ESG Strategy” second quarter 2022 investor letter – a copy of which can be downloaded here. The ClearBridge Dividend Strategy outperformed its S&P 500 Index benchmark during the second quarter. On an absolute basis, the Strategy had gains in one of the 11 sectors […]
The focus on China's actions toward Taiwan puts the spotlight on the chip industry, and these are stocks to keep on the radar for possible volatility.
"With our manufacturing capacity nearing saturation, this acquisition is timely and a win-win for all stakeholders," Tata Motors said in a statement. Ford had less than 2% of the Indian passenger vehicle market when it stopped production in the country last year, having struggled for more than two decades to generate profits.
Here's another cold, hard truth that many proponents of penny stocks don't tell you: Many low-priced shares stay low for a very long time.