The current Millimeter Wave Technology market research report provides a comprehensive overview of various variables that influence the business portfolio, future outlook, present crisis analysis with significant innovations, and product & service segmentation. The research analyzes key statistics on market size, major drivers, growth opportunities & challenges, competitive analysis, and revenue share of leading corporations/industries/companies, namely -

-Bridgewave Communications

-Cablefree: Wireless Excellence

-E-Band Communications, Llc

-Farran Technology

-Aviat Networks, Inc.

-Lightpointe Communications, Inc.

-Millitech, Inc.

-NEC Corporation

-QuinStar Technology, Inc.

-Eravant (Sage Millimeter, Inc.)

-Siklu Communication Ltd.

-Trex Enterprises Corporation

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According to the research report, the Millimeter Wave Technology Market is expected to expand at a CAGR of 36% during 2021-26.

Market Definition: In mobile telecommunication networks, spectrum scarcity is a longstanding problem. Sufficing the rapidly surging data rate & demand for communications in the 800 MHz- 6 GHz spectrum is becoming more challenging. Hence, communication in the millimeter-wave frequency range, i.e., 30- 300 GHz, has attracted the attention of many researchers.

Key Drivers: Broadband speed is the most critical factor that has accelerated IP traffic & consumption of high-bandwidth content. It is expected that between 2020 & 2025, the global average broadband speed is likely to grow two folds, from 62.5 Mbps to > 130 Mbps, due to the mounting adoption of Fiber-to-the-Home (FTTH), cable broadband, & high-speed DSL.

Growth Challenges: The power density of waves above 5–10 mW/cm2 leads to thermal effects. The high-intensity millimeter waves affect human skin & cornea, causing pain and physical damage at higher exposures. Furthermore, the deployment of 5G networks can surge energy usage and result in rapid climate changes. Besides, the manufacturing of new technologies associated with 5G produces waste and uses crucial resources that lead to environmental consequences. Moreover, millimeter waves can be harmful to birds, which, in turn, has cascading effects through entire ecosystems.

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The Market segments are cited below:

Market Divided into, By Product

-Telecommunication equipment

--Mobile backhaul equipment

--Small-cell equipment

--Macro-cell equipment

-Scanning Systems

--Active System

--Passive System

-Radar and Satellite Communication Systems

Market Divided into, By Component

-Antennas & Transceivers

-Frequency Sources & Related Components

-Communication & Networking Components

-Imaging Components

-RF & Radio Components

-Sensors & Controls

-Interface Controls

-Power & Battery Components

-Others

Market Divided into, By License Type

-Light licensed

-Unlicensed frequency

-Fully licensed frequency

Market Divided into, By Frequency Band

-30 GHz to 57 GHz

-57 GHz to 96 GHz

-96 GHz to 300 GHz

Market Divided into, By Application

-Telecommunication

-Military & Defense

-Healthcare

-Automotive & Transport

-Electronics & Semi-conductor

-Security

Regional Landscape includes North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa

Country Level Segmentation is as follows: U.S, Canada, Mexico, Brazil, Germany, France, Italy, The U.K, India, China, South Korea, Japan, GCC, South Africa

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Key Citations of the Research Report:

-Influential parameters driving or constraining Market growth

-The Market's response to the Covid-19 pandemic

-A thorough examination of the Market's shifting dynamics

-Assists in determining the profitability by providing thorough insights & assessments of -various segments of the Market

-Key strategies adopted by market leaders to maintain their position in the Market

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