Press release
Next-Gen Millimeter Wave Technology Market For Sub-THz Applications & 6G R&D | Japan Latest News
Global Millimeter Wave Technology Market reached US$ 2.8 Billion in 2023 and is expected to reach US$ 13.7 Billion by 2031, growing with a CAGR of 8.2% during the forecast period 2024-2031.Japan Latest News
ZTE launched the world's first mmWave AAU supporting up to 1.6 GHz bandwidth (Sep 2023)
Fujitsu developed mmWave chip tech for 5G radio units under NEDO's post-5G R&D project (Aug 2023)
Marki Microwave expanded its mmWave portfolio by acquiring a precision business (Aug 2023)
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Millimeter Wave Technology Market Overview
Millimeter wave (mmWave) technology operates in the 30-300 GHz frequency range and enables ultra-fast data transmission over short distances. It is widely used in 5G networks, defense systems, and advanced imaging applications, offering high bandwidth and low latency for next-generation communication systems.
Research Methodology:
The global Millimeter Wave Technology Market research report is based on a combination of primary and secondary data sources. The study carefully analyzes various factors influencing the industry, including government regulations, market dynamics, competitive landscape, historical trends, current conditions, and technological progress. It also evaluates future developments, related industry trends, market volatility, growth prospects, potential obstacles, and emerging challenges.
Segment Covered in the Millimeter Wave Technology Market:
By Product: Scanner Systems, Radar and Satellite Communications Systems
By Frequency Band: 24 GHz to 57 GHz, 57 GHz to 86 GHz, 86 GHz to 300 GHz, Others
By License Type: Light Licensed Frequency Millimeter Wave, Unlicensed Frequency Millimeter Wave, Fully Licensed Frequency Millimeter Wave
By Components: Antennas and Transceiver Components, Frequency Sources and Related Components, Communication and Networking Components, Imaging Components, Sensors and Controls, Others
By Application: Mobile and Telecom, Consumer and Commercial, Healthcare, Industrial, Defense, Others
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List of the Key Players in the Millimeter Wave Technology Market:
Keysight Technologies, Anritsu Corporation, Rohde & Schwarz GmbH & Co KG, NEC Corporation, L3Harris Technologies, Inc., Smiths Interconnect, Siklu Communication Ltd., E-Band Communications, LLC, Farran Technology Ltd. and SAGE Millimeter, Inc.
Industry Development:
On September 5, 2023, ZTE unveiled its next-generation ultra-high-bandwidth millimeter-wave (mmWave) Active Antenna Unit (AAU)-the world's first to support bandwidths of 1.2 GHz and above, reaching up to 1.6 GHz. During a live demonstration, the system operated using NR-DC mode alongside AIS's 1.2 GHz mmWave spectrum, showcasing its advanced performance capabilities.
On August 28, 2023, Fujitsu announced the development of groundbreaking mmWave chip technology for 5G radio units. The innovation was commissioned by Japan's New Energy and Industrial Technology Development Organization (NEDO) under the initiative titled "Research and Development Project of the Enhanced Infrastructures for Post-5G Information and Communication Systems."
On August 8, 2023, Marki Microwave acquired a precision millimeter-wave business to strengthen its presence in the emerging sub-THz and mmWave sectors. This strategic acquisition enables the company to combine conventional board-level interconnect solutions with waveguide technology, fostering the development of advanced, differentiated solutions.
Regional Analysis for Millimeter Wave Technology Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
The Report Includes:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Go-to-market Strategy.
➡ Neutral perspective on the market performance.
➡ Customized regional/country reports as per request and country level analysis.
➡ Potential & niche segments and regions exhibiting promising growth covered.
People Also Ask:
➠ What are the global sales, production, consumption, imports, and exports in the Millimeter Wave Technology market?
➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?
➠ What key opportunities and challenges do vendors face in the Millimeter Wave Technology industry?
➠ Which product types, applications, or end-users are driving market growth, and what is their market share?
➠ What are the major growth drivers and restraints of the Millimeter Wave Technology market?
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