Millimeter Wave Technology Market

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MarketsandMarkets Research Private Ltd.
Presents
Millimeter Wave Technology Market worth 5.23
billion by 2025
https//www.marketsandmarkets.com/Market-Reports/m
illimeter-wave-technology-market-981.html
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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. Browse gtgt 67
Market data tables 55
figures 179 pages and
in-depth TOC on Millimeter Wave Technology
Market https//www.marketsandmarkets.com/Market
-Reports/millimeter-wave-technology-market-981.htm
l Early buyers will receive 10
customization on this report. https//www.markets
andmarkets.com/PressReleases/millimeter-wave-techn
ology.asp
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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. 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.
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illimeter-wave-technology-market-981.html
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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). 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).
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illimeter-wave-technology.asp
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