The millimeter wave technology market is anticipated to have a prodigious CAGR of 39.0% during the period of 2022 to 2032. According to FMI, the millimeter wave technology market is expected to grow from USD 2.03 Billion in 2021 to USD 76.58 billion by 2032.
Expanding R&D initiatives in millimeter wave technology and continuously rising demand for the product from the telecommunications sector are anticipated to drive the global market.
Attributes | Details |
---|---|
The Millimeter Wave Technology Market CAGR (2022 to 2032) | 39.0% |
The Millimeter Wave Technology Market Size (2022) | USD 2.03 billion |
The Millimeter Wave Technology Market Size (2032) | USD 76.58 billion |
Millimeter waves are anticipated to be a key component in the advancement of fifth-generation technology, due to the necessity for greater bandwidths. The millimeter wave technology market is therefore predicted to increase significantly throughout the forecast period, as the market is seeing a transition toward the use of fifth-generation technology.
The market demand for millimeter wave technology is anticipated to grow as a result of the rising demand for millimeter wave scanners for security purposes. As people are becoming more aware of security precautions, growing markets in the Asia Pacific and South America & MEA areas are anticipated to be those with the ability to provide the technology with significant growth opportunities in the millimeter wave technology market.
Broadband and mobile speed increases, a surge in millimeter wave utilization in small-cell backhaul networks, and a significant demand for millimeter wave technology in radar and security applications are some of the drivers propelling this market's expansion.
Standards for 5G technology are still being developed at this time. However, 5G has been implemented in a few industrialized countries, including early 5G technologies that use millimeter wave technology to provide low-latency, high-capacity fixed wireless broadband networks.
The millimeter wave technology market is also developing as a result of the expanding infrastructure deployments for faster access to data, voice, videos, and services, as well as the rising demand for high-speed networks for accessing smart systems at the household and commercial levels.
Demand for millimeter wave technology is also anticipated to increase throughout the anticipated time, due to the increased adoption of internet services, e-governance services, and cloud computing.
Numerous industries, including telecommunication, military & defense, security, automotive, and healthcare, employ millimeter wave technology significantly. The increased demand for millimeter wave technology originating from all these commercial and industrial sectors is also anticipated to accelerate market growth.
Over the following five years, wireless networks would experience severe congestion due to the availability of equipment that allows high bandwidth. This would accelerate the transition from the current 3G and 4G technologies to 5G, opening up a range of options for the key stakeholders in millimeter wave technology.
Being a form of line-of-sight communication, the technology might encounter a few more challenges as it develops without interruption. Around the world, significant R&D efforts are being made to remove obstacles and other limitations impeding the development of the millimeter wave technology sector.
Due to the expanded telecom sector, the telecommunication equipment segment had the biggest millimeter wave technology market share in 2021, exceeding 58.15%. Millimeter wave technology is increasingly being used in imaging and scanning systems, improving their properties by bringing stability and dependability.
Additionally, the use of technology in scanners improves the accuracy of security systems. A nation's national security is not complete without radio and satellite communication technologies.
Security systems have improved in effectiveness and dependability with the adoption of millimeter wave technology in radar and satellite communication, upgrading defensive strategies.
The antennas and transceivers segment holds the greatest market share in 2021 and generated the most revenue, according to FMI's analysis of the millimeter wave technology market. In 2021, this market category had a share of 41.59%.
Due to the widespread use of the products in sectors like security and telecommunications, the market is anticipated to maintain its dominance during the projected. The global telecommunication and defense industries are both booming, and as a result, these industries' demand is anticipated to increase dramatically over the next few years.
Due to the expanding need for high-speed data transfer and communication from the residential and commercial sectors, such as data centers and IT offices, the telecommunications category is expected to hold the largest millimeter wave technology market share of over 49.18% in 2021.
Due to the introduction of 5G technology, telecommunications applications are anticipated to expand rapidly throughout the projection period. The 5G network is a good fit for millimeter wave technology. Worldwide, international airport authorities are implementing millimeter-wave scanners due to their popularity.
As technology is more widely accepted in the region, the millimeter wave technology market in North America had the highest size during the projection period. Early adopters of cutting-edge and new technologies include nations like the USA and Canada. As a result, the elements are opening doors for millimeter wave technology in a variety of applications.
During the projection period, it is predicted that the millimeter wave technology market in the Asia Pacific and Rest of the World (RoW) regions would expand significantly. With the expected CAGR of 44% throughout the projection period, the Asia Pacific region is expected to grow at the greatest rate.
The renovations and developments being made to its telecom infrastructures are responsible for the region's rapid technological growth. Additionally, it is anticipated that the installation of new telecom equipment based on millimeter wave technology is significantly accelerating the market growth throughout the region.
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032
Table 2: Global Market Volume (Units) Forecast by Region, 2017-2032
Table 3: Global Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 4: Global Market Volume (Units) Forecast by Product, 2017-2032
Table 5: Global Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 6: Global Market Volume (Units) Forecast by Component, 2017-2032
Table 7: Global Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 8: Global Market Volume (Units) Forecast by Application, 2017-2032
Table 9: Global Market Value (US$ Mn) Forecast by Frequency Band, 2017-2032
Table 10: Global Market Volume (Units) Forecast by Frequency Band, 2017-2032
Table 11: North America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 12: North America Market Volume (Units) Forecast by Country, 2017-2032
Table 13: North America Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 14: North America Market Volume (Units) Forecast by Product, 2017-2032
Table 15: North America Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 16: North America Market Volume (Units) Forecast by Component, 2017-2032
Table 17: North America Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 18: North America Market Volume (Units) Forecast by Application, 2017-2032
Table 19: North America Market Value (US$ Mn) Forecast by Frequency Band, 2017-2032
Table 20: North America Market Volume (Units) Forecast by Frequency Band, 2017-2032
Table 21: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 22: Latin America Market Volume (Units) Forecast by Country, 2017-2032
Table 23: Latin America Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 24: Latin America Market Volume (Units) Forecast by Product, 2017-2032
Table 25: Latin America Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 26: Latin America Market Volume (Units) Forecast by Component, 2017-2032
Table 27: Latin America Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 28: Latin America Market Volume (Units) Forecast by Application, 2017-2032
Table 29: Latin America Market Value (US$ Mn) Forecast by Frequency Band, 2017-2032
Table 30: Latin America Market Volume (Units) Forecast by Frequency Band, 2017-2032
Table 31: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 32: Europe Market Volume (Units) Forecast by Country, 2017-2032
Table 33: Europe Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 34: Europe Market Volume (Units) Forecast by Product, 2017-2032
Table 35: Europe Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 36: Europe Market Volume (Units) Forecast by Component, 2017-2032
Table 37: Europe Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 38: Europe Market Volume (Units) Forecast by Application, 2017-2032
Table 39: Europe Market Value (US$ Mn) Forecast by Frequency Band, 2017-2032
Table 40: Europe Market Volume (Units) Forecast by Frequency Band, 2017-2032
Table 41: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 42: Asia Pacific Market Volume (Units) Forecast by Country, 2017-2032
Table 43: Asia Pacific Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 44: Asia Pacific Market Volume (Units) Forecast by Product, 2017-2032
Table 45: Asia Pacific Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 46: Asia Pacific Market Volume (Units) Forecast by Component, 2017-2032
Table 47: Asia Pacific Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 48: Asia Pacific Market Volume (Units) Forecast by Application, 2017-2032
Table 49: Asia Pacific Market Value (US$ Mn) Forecast by Frequency Band, 2017-2032
Table 50: Asia Pacific Market Volume (Units) Forecast by Frequency Band, 2017-2032
Table 51: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032
Table 52: MEA Market Volume (Units) Forecast by Country, 2017-2032
Table 53: MEA Market Value (US$ Mn) Forecast by Product, 2017-2032
Table 54: MEA Market Volume (Units) Forecast by Product, 2017-2032
Table 55: MEA Market Value (US$ Mn) Forecast by Component, 2017-2032
Table 56: MEA Market Volume (Units) Forecast by Component, 2017-2032
Table 57: MEA Market Value (US$ Mn) Forecast by Application, 2017-2032
Table 58: MEA Market Volume (Units) Forecast by Application, 2017-2032
Table 59: MEA Market Value (US$ Mn) Forecast by Frequency Band, 2017-2032
Table 60: MEA Market Volume (Units) Forecast by Frequency Band, 2017-2032
Figure 1: Global Market Value (US$ Mn) by Product, 2022-2032
Figure 2: Global Market Value (US$ Mn) by Component, 2022-2032
Figure 3: Global Market Value (US$ Mn) by Application, 2022-2032
Figure 4: Global Market Value (US$ Mn) by Frequency Band, 2022-2032
Figure 5: Global Market Value (US$ Mn) by Region, 2022-2032
Figure 6: Global Market Value (US$ Mn) Analysis by Region, 2017-2032
Figure 7: Global Market Volume (Units) Analysis by Region, 2017-2032
Figure 8: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032
Figure 9: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032
Figure 10: Global Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 11: Global Market Volume (Units) Analysis by Product, 2017-2032
Figure 12: Global Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 13: Global Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 14: Global Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 15: Global Market Volume (Units) Analysis by Component, 2017-2032
Figure 16: Global Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 17: Global Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 18: Global Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 19: Global Market Volume (Units) Analysis by Application, 2017-2032
Figure 20: Global Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 21: Global Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 22: Global Market Value (US$ Mn) Analysis by Frequency Band, 2017-2032
Figure 23: Global Market Volume (Units) Analysis by Frequency Band, 2017-2032
Figure 24: Global Market Value Share (%) and BPS Analysis by Frequency Band, 2022-2032
Figure 25: Global Market Y-o-Y Growth (%) Projections by Frequency Band, 2022-2032
Figure 26: Global Market Attractiveness by Product, 2022-2032
Figure 27: Global Market Attractiveness by Component, 2022-2032
Figure 28: Global Market Attractiveness by Application, 2022-2032
Figure 29: Global Market Attractiveness by Frequency Band, 2022-2032
Figure 30: Global Market Attractiveness by Region, 2022-2032
Figure 31: North America Market Value (US$ Mn) by Product, 2022-2032
Figure 32: North America Market Value (US$ Mn) by Component, 2022-2032
Figure 33: North America Market Value (US$ Mn) by Application, 2022-2032
Figure 34: North America Market Value (US$ Mn) by Frequency Band, 2022-2032
Figure 35: North America Market Value (US$ Mn) by Country, 2022-2032
Figure 36: North America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 37: North America Market Volume (Units) Analysis by Country, 2017-2032
Figure 38: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 39: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 40: North America Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 41: North America Market Volume (Units) Analysis by Product, 2017-2032
Figure 42: North America Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 43: North America Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 44: North America Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 45: North America Market Volume (Units) Analysis by Component, 2017-2032
Figure 46: North America Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 47: North America Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 48: North America Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 49: North America Market Volume (Units) Analysis by Application, 2017-2032
Figure 50: North America Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 51: North America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 52: North America Market Value (US$ Mn) Analysis by Frequency Band, 2017-2032
Figure 53: North America Market Volume (Units) Analysis by Frequency Band, 2017-2032
Figure 54: North America Market Value Share (%) and BPS Analysis by Frequency Band, 2022-2032
Figure 55: North America Market Y-o-Y Growth (%) Projections by Frequency Band, 2022-2032
Figure 56: North America Market Attractiveness by Product, 2022-2032
Figure 57: North America Market Attractiveness by Component, 2022-2032
Figure 58: North America Market Attractiveness by Application, 2022-2032
Figure 59: North America Market Attractiveness by Frequency Band, 2022-2032
Figure 60: North America Market Attractiveness by Country, 2022-2032
Figure 61: Latin America Market Value (US$ Mn) by Product, 2022-2032
Figure 62: Latin America Market Value (US$ Mn) by Component, 2022-2032
Figure 63: Latin America Market Value (US$ Mn) by Application, 2022-2032
Figure 64: Latin America Market Value (US$ Mn) by Frequency Band, 2022-2032
Figure 65: Latin America Market Value (US$ Mn) by Country, 2022-2032
Figure 66: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 67: Latin America Market Volume (Units) Analysis by Country, 2017-2032
Figure 68: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 69: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 70: Latin America Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 71: Latin America Market Volume (Units) Analysis by Product, 2017-2032
Figure 72: Latin America Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 73: Latin America Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 74: Latin America Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 75: Latin America Market Volume (Units) Analysis by Component, 2017-2032
Figure 76: Latin America Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 77: Latin America Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 78: Latin America Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 79: Latin America Market Volume (Units) Analysis by Application, 2017-2032
Figure 80: Latin America Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 81: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 82: Latin America Market Value (US$ Mn) Analysis by Frequency Band, 2017-2032
Figure 83: Latin America Market Volume (Units) Analysis by Frequency Band, 2017-2032
Figure 84: Latin America Market Value Share (%) and BPS Analysis by Frequency Band, 2022-2032
Figure 85: Latin America Market Y-o-Y Growth (%) Projections by Frequency Band, 2022-2032
Figure 86: Latin America Market Attractiveness by Product, 2022-2032
Figure 87: Latin America Market Attractiveness by Component, 2022-2032
Figure 88: Latin America Market Attractiveness by Application, 2022-2032
Figure 89: Latin America Market Attractiveness by Frequency Band, 2022-2032
Figure 90: Latin America Market Attractiveness by Country, 2022-2032
Figure 91: Europe Market Value (US$ Mn) by Product, 2022-2032
Figure 92: Europe Market Value (US$ Mn) by Component, 2022-2032
Figure 93: Europe Market Value (US$ Mn) by Application, 2022-2032
Figure 94: Europe Market Value (US$ Mn) by Frequency Band, 2022-2032
Figure 95: Europe Market Value (US$ Mn) by Country, 2022-2032
Figure 96: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 97: Europe Market Volume (Units) Analysis by Country, 2017-2032
Figure 98: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 99: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 100: Europe Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 101: Europe Market Volume (Units) Analysis by Product, 2017-2032
Figure 102: Europe Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 103: Europe Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 104: Europe Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 105: Europe Market Volume (Units) Analysis by Component, 2017-2032
Figure 106: Europe Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 107: Europe Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 108: Europe Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 109: Europe Market Volume (Units) Analysis by Application, 2017-2032
Figure 110: Europe Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 111: Europe Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 112: Europe Market Value (US$ Mn) Analysis by Frequency Band, 2017-2032
Figure 113: Europe Market Volume (Units) Analysis by Frequency Band, 2017-2032
Figure 114: Europe Market Value Share (%) and BPS Analysis by Frequency Band, 2022-2032
Figure 115: Europe Market Y-o-Y Growth (%) Projections by Frequency Band, 2022-2032
Figure 116: Europe Market Attractiveness by Product, 2022-2032
Figure 117: Europe Market Attractiveness by Component, 2022-2032
Figure 118: Europe Market Attractiveness by Application, 2022-2032
Figure 119: Europe Market Attractiveness by Frequency Band, 2022-2032
Figure 120: Europe Market Attractiveness by Country, 2022-2032
Figure 121: Asia Pacific Market Value (US$ Mn) by Product, 2022-2032
Figure 122: Asia Pacific Market Value (US$ Mn) by Component, 2022-2032
Figure 123: Asia Pacific Market Value (US$ Mn) by Application, 2022-2032
Figure 124: Asia Pacific Market Value (US$ Mn) by Frequency Band, 2022-2032
Figure 125: Asia Pacific Market Value (US$ Mn) by Country, 2022-2032
Figure 126: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 127: Asia Pacific Market Volume (Units) Analysis by Country, 2017-2032
Figure 128: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 129: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 130: Asia Pacific Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 131: Asia Pacific Market Volume (Units) Analysis by Product, 2017-2032
Figure 132: Asia Pacific Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 133: Asia Pacific Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 134: Asia Pacific Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 135: Asia Pacific Market Volume (Units) Analysis by Component, 2017-2032
Figure 136: Asia Pacific Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 137: Asia Pacific Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 138: Asia Pacific Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 139: Asia Pacific Market Volume (Units) Analysis by Application, 2017-2032
Figure 140: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 141: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 142: Asia Pacific Market Value (US$ Mn) Analysis by Frequency Band, 2017-2032
Figure 143: Asia Pacific Market Volume (Units) Analysis by Frequency Band, 2017-2032
Figure 144: Asia Pacific Market Value Share (%) and BPS Analysis by Frequency Band, 2022-2032
Figure 145: Asia Pacific Market Y-o-Y Growth (%) Projections by Frequency Band, 2022-2032
Figure 146: Asia Pacific Market Attractiveness by Product, 2022-2032
Figure 147: Asia Pacific Market Attractiveness by Component, 2022-2032
Figure 148: Asia Pacific Market Attractiveness by Application, 2022-2032
Figure 149: Asia Pacific Market Attractiveness by Frequency Band, 2022-2032
Figure 150: Asia Pacific Market Attractiveness by Country, 2022-2032
Figure 151: MEA Market Value (US$ Mn) by Product, 2022-2032
Figure 152: MEA Market Value (US$ Mn) by Component, 2022-2032
Figure 153: MEA Market Value (US$ Mn) by Application, 2022-2032
Figure 154: MEA Market Value (US$ Mn) by Frequency Band, 2022-2032
Figure 155: MEA Market Value (US$ Mn) by Country, 2022-2032
Figure 156: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032
Figure 157: MEA Market Volume (Units) Analysis by Country, 2017-2032
Figure 158: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032
Figure 159: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032
Figure 160: MEA Market Value (US$ Mn) Analysis by Product, 2017-2032
Figure 161: MEA Market Volume (Units) Analysis by Product, 2017-2032
Figure 162: MEA Market Value Share (%) and BPS Analysis by Product, 2022-2032
Figure 163: MEA Market Y-o-Y Growth (%) Projections by Product, 2022-2032
Figure 164: MEA Market Value (US$ Mn) Analysis by Component, 2017-2032
Figure 165: MEA Market Volume (Units) Analysis by Component, 2017-2032
Figure 166: MEA Market Value Share (%) and BPS Analysis by Component, 2022-2032
Figure 167: MEA Market Y-o-Y Growth (%) Projections by Component, 2022-2032
Figure 168: MEA Market Value (US$ Mn) Analysis by Application, 2017-2032
Figure 169: MEA Market Volume (Units) Analysis by Application, 2017-2032
Figure 170: MEA Market Value Share (%) and BPS Analysis by Application, 2022-2032
Figure 171: MEA Market Y-o-Y Growth (%) Projections by Application, 2022-2032
Figure 172: MEA Market Value (US$ Mn) Analysis by Frequency Band, 2017-2032
Figure 173: MEA Market Volume (Units) Analysis by Frequency Band, 2017-2032
Figure 174: MEA Market Value Share (%) and BPS Analysis by Frequency Band, 2022-2032
Figure 175: MEA Market Y-o-Y Growth (%) Projections by Frequency Band, 2022-2032
Figure 176: MEA Market Attractiveness by Product, 2022-2032
Figure 177: MEA Market Attractiveness by Component, 2022-2032
Figure 178: MEA Market Attractiveness by Application, 2022-2032
Figure 179: MEA Market Attractiveness by Frequency Band, 2022-2032
Figure 180: MEA Market Attractiveness by Country, 2022-2032
The millimeter wave technology market is projected to have a CAGR of 39.0% through 2032.
The market size is anticipated to be USD 76.58 billion through 2032.
The market size is USD 2.03 billion in 2022.
V-Band holds the largest share in the market.
Telecommunication equipment led the market during the forecast period.
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