Telecom Millimeter Wave Market Size Worth $19.92 Billion By 2032 | CAGR: 24.6%

The global telecom millimeter wave market size is expected to reach USD 19.92 billion by 2032, according to a new study by Polaris Market Research. The report “Telecom Millimeter Wave Market Share, Size, Trends, Industry Analysis Report, By Product; By Frequency Band (E-band, V-band and Others); By Licensing Type; By End-User; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The recent development of 5G is expanding all over the globe, which is enabling users to have speedy data transmission activities owing to higher frequencies of millimeter wave technology. Wireless communication in consumer electronics is driving the millimeter wave market significantly. Such connectivity is building a huge impact on the education, transportation, healthcare, and automotive industries. Better deployment is done by a number of antennas at telecom stations and user devices to build better efficiency of the spectrum and provide improved coverage.

The COVID-19 pandemic has affected the telecom millimeter wave market, leading to a negative impact on production processes and fibre manufacturing industries. However, post-COVID, there has been a gain in the ever-increasing number of users, data consumption, and devices. The high frequency enables the user to transmit data over a very long distance and dissipates very little power.

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Millimeter wave technology has wide applications such as in teaching, high schools, colleges, and universities, which needs high capacity links; healthcare industry, technology can be used in real-time access to medical imaging of patient records and treatment procedures; financial institutions such as banks for protecting the data transmitted between multiple remote locations. Surveillance of suspicious activity or scans for major threats can be tracked by millimeter wave technology, which will ensure the safety and security of homes, businesses, and other important sites.

Telecom Millimeter Wave Market Report Highlights

• Telecommunication dominated the market share owing to its wide applications in electronic gadgets and the speed and efficiency it provides to its consumers, resulting in a seamless experience.
• The E-band frequency band accounted for the highest revenue share due to an increase in demand for broadband services for industrial and commercial applications.
• The Fully- licensed type is the highest contributor to the millimeter wave market due to the rise in its carriers, which can quickly get licenses for commercial usage and better data transmission.
• North America holds a significant revenue share in the global Telecom Millimeter Wave market, driven by a tendency to adopt modern technologies.
• The global key market players include Bridgewave Communications, Inc., Sage Millimeter, Inc., E-band Communications LLC, Siklu Communications Ltd, Aviat Networks, Inc., Frran Technology.

Polaris Market Research has segmented the telecom millimeter wave market report based on product, frequency band, licensing type, end-user and region:

Telecom Millimeter Wave, Product Outlook (Revenue - USD Billion, 2019 - 2032)

• Scanner Systems
• Radar and satellite
• Communication systems
• Telecommunication equipment

Telecom Millimeter Wave, Frequency band Outlook (Revenue - USD Billion, 2019 - 2032)

• V-band
• E-band

Telecom Millimeter Wave, Licensing type Outlook (Revenue - USD Billion, 2019 - 2032)

• Fully-licensed
• Light-licensed
• Unlicensed

Telecom Millimeter Wave, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Defense
•  Aerospace
• Telecommunication
• Automotive
• Healthcare
• Consumer
• Others

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

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Telecom Millimeter Wave Market Report Scope