Millimeter Wave (MMW) Technology Market Size Worth $ 93,661.41 Million By 2032 | CAGR: 39.6%

The global Millimeter Wave (MMW) Technology Market size is expected to reach USD 93,661.41 Million by 2032, according to a new study by Polaris Market Research. The report “Millimeter Wave (MMW) Technology Market Share, Size, Trends, Industry Analysis Report, By Product (Telecommunication Equipment, Imaging & Scanning Systems, Radar & Satellite Communication Systems); By Component; By Frequency Band; By Application; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Propagation characteristics are crucial in determining the feasibility of MMW technology. Factors such as frequency, wavelength, bandwidth capabilities, signal distortion, and attenuation affect the efficient transmission of millimeter waves. Minimizing signal losses during data transfer is critical, and original equipment manufacturers (OEMs), suppliers, and service providers are undertaking extensive research and development efforts to improve the technology. Heavy investments in research and development ensure reliable data transfer at desired rates.

MMW technology utilizes electromagnetic radio frequency waves that propagate through the atmosphere. The traversal of these waves through the air can be affected by atmospheric and environmental factors such as rainfall, oxygen content, humidity, and other gases. Therefore, proper regulation and control are necessary. Licensing frequency bands and spectrums are essential to authorize the use of MMW technology. Licensing organizations also assess potential interference caused by new bands on existing frequencies.

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Millimeter waves operate between the frequency range of 30 to 300 GHz. The waves are the subset of the microwave band, part of the larger radio wave band. The advancements and technological research have led to the development of scanners, which are highly efficient and reliable in terms of offering useful security features. Various government authorities, security services, organizations, and associations have adopted the millimeter wave-based system design approach to enhance their security measures across the globe. The adoption of the MMW scanners is most significantly noticed in airports for security purposes.

This stupendous adoption of the MMW scanners across airports and other security sectors can be accredited to the growing threat of terrorist attacks. Terrorism, being one of the most concerned issues across the globe, has to be curbed down. The biggest threat is looming over humanity, and the regulating bodies and governments must take collective steps to hunt down the threat. This has paved the way for several security-related developments and a strong military & defense infrastructure.

Millimeter Wave (MMW) Technology Market Report Highlights

• The antennas & transceivers segment hold the largest revenue in 2022 due to increasing demand in telecommunication applications.
• E-Band segment dominated the market of millimeter wave (MMW) technology in 2022 due to widespread use of the E-band frequency in the telecommunications sector.
• North America is expected to show significant growth during the forecast period owing to increasing population awareness towards broadband connections and convenience they offer in everyday life.
• The global players include NEC corporation, Siklu Communication Ltd., Bridgewave Communications, Inc., E-Band Communications,LLC.

Polaris Market Research has segmented the Millimeter Wave (MMW) Technology Market report based on product, component, frequency band, application and region:

Millimeter Wave (MMW) Technology, Product Outlook (Revenue - USD Million, 2019 - 2032)

• Telecommunication Equipment
• Imaging & Scanning Systems
• Radar & Satellite Communication Systems

Millimeter Wave (MMW) Technology, Component Outlook (Revenue - USD Million, 2019 - 2032)

• Antennas & Transceivers
• Amplifiers
• Oscillators
• Control Devices
• Frequency Converters
• Passive Components
• Other Components

Millimeter Wave (MMW) Technology, Frequency Band Outlook (Revenue - USD Million, 2019 - 2032)

• E-Band
• V-Band
• Other Frequency Bands

Millimeter Wave (MMW) Technology, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Telecommunications
• Military & Defense
• Automotive & Transport
• Healthcare
• Elextronics & Semiconductor
• Security

Millimeter Wave (MMW) Technology, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Millimeter Wave (MMW) Technology Market Report Scope