The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (Market Insight Reports) —
Selbyville, Delaware: Market Study Report adds 2018-2026 Millimeter Wave Technology Market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

The global Millimeter Wave Technology Market Size is anticipated to reach $6,752 million by 2026 according to a new research. In 2018, the mobile and telecom segment accounted for the highest market share in terms of revenue. North America is expected to be the leading contributor to the global Millimeter Wave Technology market revenue in 2018.

Request a sample of this premium report athttps://www.marketstudyreport.com/request-a-sample/1695285/?utm_source=marketwatch.com&utm_medium=TS

The increase in demand for high speed data connectivity and growth in mobile traffic worldwide majorly drives the Millimeter Wave Technology market growth. Millimeter Wave Technology is increasingly being used owing to significant increase in the demand for the bandwidth intensive applications. The increasing applications in radar and security sectors, and increasing adoption of advanced networking technologies boost the market growth. The evolution of 5G technology, and growing demand for mobility accelerate the growth of the Millimeter Wave Technology market. New emerging markets, and increasing applications in defense, aerospace, and satellite communication would provide growth opportunities in the market in the coming years.

North America generated the highest Millimeter Wave Technology market share in terms of revenue in 2018. The growing demand from the telecommunication sector, and development of 5G technology has accelerated the market growth in the region. The increasing trend of IOT, and growing demand for mobility supports the growth of the market in the region. The technological advancements, and growing demand from defense and aerospace sectors improves the Millimeter Wave Technology market growth rate. Asia-Pacific is expected to grow at the highest rate during the forecast period. This is owing to significant growth in the automotive industry in the region.

5G networks will be based on higher frequencies based millimeter wave spectrum. These frequencies can carry massive amounts of data at very high speeds and with very little latency. Millimeter wave spectrum is capable of accommodating increase in data demands from mobile-first users, connected homes, AR/VR devices, cloud gaming systems, self-driving vehicles, IoT sensors and other cloud-connected devices.

Prominent players in the market
The well-known companies profiled in the Millimeter Wave Technology market report include NEC Corporation, Siklu Communication Ltd, Bridgewave Communications, Inc., E-Band Communications, LLC, Aviat Networks, Inc., Millitech, Inc., Millimeter Wave Products Inc., Farran Technology, Ltd, Keysight Technologies, Inc., and Ducommun Incorporated among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

More Details on this Report At: https://www.marketstudyreport.com/reports/millimeter-wave-technology-market-by-product-scanner-systems-radar-and-satellite-communications-systems-telecommunication-equipment-by-frequency-band-24-ghz-and-57-ghz-57-ghz-and-86-ghz-86-ghz-and-300-ghz-by-end-user-mobile-telecom-healthcare-commercial-industrial-consumer-automotive-defense-others-by-regions-market-size-forecast-2018-2026?utm_source=marketwatch.com&utm_medium=TS

About Us:

Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: [email protected]

Website: https://www.marketstudyreport.com

News: https://www.cuereport.com/

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected]

COMTEX_371765329/2599/2020-09-23T16:27:47

Is there a problem with this press release? Contact the source provider Comtex at [email protected] You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.

Source Article