5g mmWave Market Size, Trends and Insights By Components (Antennas & transceiver components, Frequency sources & related, Communication & networking components, Imaging components, Sensors & controls, Interface components, Other), By Product (Scanning systems, Radar and satellite communication systems, Telecommunication equipment, Other), By Frequency Band (24–57 GHz, 57–95 GHz, 95–300 GHz), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI32796

Published Date: October 2023

Pages: 220+

Category: Semiconductors & Electronics

Report Snapshot

CAGR: 15.05%
2.79B
2022
3.29B
2023
7.79B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Qualcomm Technologies Inc.
  • Nokia Corporation
  • Ericsson AB
  • Huawei Technologies Co. Ltd.
  • Samsung Electronics Co. Ltd.
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global 5G mmWave Market is expected to record a CAGR of 15.05% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 2.79 Billion. By 2032, the valuation is anticipated to reach USD 7.79 Billion.

Millimeter-wave (mmWave) 5G marks a remarkable stride in wireless communication technology, poised to transform connectivity and usher in an era of lightning-fast data transfer. Distinguishing itself from its predecessors, mmWave 5G operates within an exceptionally high-frequency spectrum, spanning from 24 to 100 GHz.

This shift to higher frequencies presents a unique set of advantages and obstacles. The hallmark of mmWave 5G lies in its extraordinary data speed capabilities. Harnessing these elevated frequency bands brings about a substantial boost in data throughput, with the potential to achieve multi-gigabit per second speeds.

This remarkable speed empowers near-instantaneous downloads, ultra-responsive streaming, and the seamless operation of real-time applications, paving the way for transformative innovations such as augmented reality, virtual reality, and the Internet of Things (IoT).

Nevertheless, mmWave technology encounters certain hurdles. Its shorter wavelength limits signal reach and heightens vulnerability to obstructions like buildings and trees. Consequently, ensuring a reliable network with continuous coverage and connectivity demands a dense deployment of small cells.

Challenges in deploying mmWave 5G encompass the task of sustaining signal strength in urban settings and mitigating potential interference issues.

5G mmWave Market – Significant Growth Factors

The global market for millimeter-wave (mmWave) 5G is set to transform the telecommunications landscape, fueled by advancements in technology, evolving consumer needs, and the game-changing potential of high-speed connectivity. This market segment operates within the frequency range of 24 to 100 GHz, delivering unprecedented data speeds and ultra-low latency.

These crucial features have given rise to numerous factors influencing the market, including drivers, limitations, and opportunities. One of the primary driving forces behind the MmWave 5G Market is the relentless demand for faster data speeds and increased capacity.

Consumers and industries alike are in pursuit of seamless connectivity to support data-intensive applications, including high-definition video streaming, immersive augmented and virtual reality experiences, and real-time gaming. MmWave technology, with its capability to achieve data rates surpassing multi-gigabit per second, aptly addresses these requirements.

Another critical driving force is the remarkably low latency offered by MmWave 5G. Its reduced latency levels usher in a new era of real-time communication, a prerequisite for applications such as autonomous vehicles, remote surgical procedures, and industrial automation. This capability has the potential to redefine multiple industries by facilitating innovative use cases that demand split-second decision-making and rapid response times.

Furthermore, MmWave 5G serves as a catalyst for emerging technologies. It serves as the foundational infrastructure for the Internet of Things (IoT), supporting numerous connected devices within a confined area. This, in turn, unlocks the full potential of smart cities, connected factories, and intelligent homes, driving operational efficiency improvements and elevating overall quality of life.

However, the MmWave 5G Market encounters substantial hurdles. Its shorter wavelengths inherently result in restricted propagation range and penetration capabilities within mmWave frequencies. Signal degradation can occur due to obstructions such as buildings and vegetation, demanding the establishment of a more concentrated network of base stations.

This heightened deployment density leads to increased costs and complications, especially in urban areas characterized by intricate environments.

Furthermore, mmWave signals are susceptible to interference, which can affect their reliability, particularly in adverse weather conditions. Additionally, the need for a clear line of sight between devices and base stations imposes limitations on connectivity in scenarios where direct visibility is compromised.

The MmWave 5G Market offers significant prospects for reshaping various industries. Sectors such as healthcare, manufacturing, logistics, and entertainment stand to gain significantly from the improved connectivity it offers. In the realm of smart cities, MmWave 5G can serve as a vital tool for deploying interconnected infrastructure, optimizing traffic management, and enhancing public services.

Additionally, within industrial complexes, enterprise applications hold great potential, as MmWave 5G can deliver high-speed, low-latency connectivity, enabling real-time monitoring, automation, and predictive maintenance.

Global 5g mmWave Market 2023–2032 (By Frequency Band)

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5G mmWave Market – Mergers and Acquisitions

  • Qualcomm’s Acquisition of NUVIA (January 2021): Qualcomm, a leading semiconductor and wireless technology company, announced its acquisition of NUVIA, a startup founded by former Apple engineers. While this acquisition was not solely focused on the 5G mmWave market, it aimed to strengthen Qualcomm’s overall technology portfolio, including components used in 5G infrastructure.
  • Analog Devices’ Acquisition of Maxim Integrated (July 2020): Analog Devices, a semiconductor and signal processing solutions provider, completed its acquisition of Maxim Integrated. While not exclusively focused on 5G mmWave technology, this merger aimed to enhance Analog Devices’ capabilities in providing integrated solutions for various applications, including 5G infrastructure.
  • Nokia’s Acquisition of Elenion Technologies (March 2020): Nokia, a major telecommunications equipment provider, acquired Elenion Technologies, a company specializing in silicon photonics technology. This acquisition aimed to improve Nokia’s optical connectivity solutions, which play a crucial role in 5G networks, including mmWave deployments.
  • Verizon’s Acquisition of BlueJeans Network (April 2020): While not a direct acquisition related to mmWave technology, Verizon Communications acquired BlueJeans Network, a video conferencing platform. This acquisition reflected Verizon’s strategy to expand its 5G offerings, which include enhanced communication and collaboration services that could utilize mmWave capabilities.
  • Keysight Technologies Acquisition of Anite (August 2015): Keysight Technologies, a company known for electronic measurement solutions, acquired Anite, a provider of testing and measurement solutions for wireless devices and network infrastructure. This acquisition aimed to strengthen Keysight’s ability to test and validate 5G mmWave technologies and devices.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

5G mmWave Market Private 5G Network Market 5G Fixed Wireless Access Market
CAGR 15.05% (Approx) CAGR 49.07% (Approx) CAGR 102.7% (Approx)
USD 7.79 Billion by 2032 USD 41.80 Billion by 2032 USD 23108.05 Million by 2032

5g mmWave Market – Significant Threats

  • Limited Coverage and Range: One of the most significant challenges for mmWave technology is its limited coverage area and reduced penetration capabilities. mmWave signals have shorter wavelengths, which means they are easily blocked by obstacles like buildings and trees. This limitation makes it challenging to provide comprehensive coverage, especially in urban areas with dense infrastructure.
  • Infrastructure Costs: Deploying 5G mmWave networks requires extensive infrastructure upgrades due to the need for a higher density of small cells and base stations to compensate for the limited coverage range. The cost of building and maintaining these networks can be substantial, which may deter some network operators.
  • Interference and Signal Blockage: mmWave signals are highly susceptible to interference from various sources, including weather conditions (rain, fog) and physical obstructions. This interference can degrade signal quality and impact network performance.
  • Device Compatibility: Not all existing devices are compatible with 5G mmWave technology. While this is gradually changing, the widespread adoption of mmWave depends on the availability of affordable and compatible consumer devices like smartphones and tablets.
  • Regulatory Hurdles: Regulatory approvals and spectrum allocation play a crucial role in the deployment of 5G mmWave networks. Delays or complications in obtaining the necessary spectrum licenses can slow down network rollout and increase costs.
  • Security Concerns: As 5G networks, including mmWave, become more integral to critical infrastructure and industries, they become attractive targets for cyberattacks. Ensuring the security of mmWave networks and the data transmitted over them is a significant challenge.
  • Health Concerns: There have been ongoing discussions and concerns about the potential health effects of mmWave radiation. While scientific consensus generally supports the safety of 5G mmWave technology, public perception and misinformation can pose a threat to its adoption.
  • Competing Technologies: 5G mmWave is just one component of the broader 5G ecosystem. Other 5G frequency bands, such as sub-6 GHz, may offer different advantages and trade-offs. The competition between various 5G technologies and deployment strategies can impact the adoption of mmWave.
  • Economic Uncertainty: Economic factors, including global economic downturns or financial crises, can affect the willingness of telecom operators and governments to invest in expensive 5G mmWave infrastructure.
  • Environmental Concerns: The deployment of additional infrastructure, such as cell towers and small cells, may raise environmental concerns related to energy consumption and visual impact, leading to opposition from communities and regulatory challenges.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 3.29 Billion
Projected Market Size in 2032 USD 7.79 Billion
Market Size in 2022 USD 2.79 Billion
CAGR Growth Rate 15.05% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Components, Product, Frequency Band and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

Based on Components:

In terms of components, the global MmWave 5G Market is divided into several categories, including Antennas & transceiver components, Frequency sources & related components, Communication & networking components, Imaging components, Sensors & controls, Interface components, and Others.

Notably, the Antennas & transceiver components segment holds the largest market share. This prominence can be attributed to the pivotal role these components play in facilitating high-frequency data transmission and reception.

Given the shorter wavelengths of mmWave signals, the presence of efficient antennas and advanced transceiver components becomes crucial for ensuring reliable communication. Their significance in achieving fast and robust connectivity has propelled this segment to a dominant position within the market landscape.

Based on Product:

Regarding the product categories, the MmWave 5G Market is segmented into Scanning systems, Radar and satellite communication systems, Telecommunication equipment, and Others. Notably, the scanning systems segment stands out as the leader in terms of market share. These systems hold a pivotal role in the realm of mmWave technology by facilitating precise scanning and signal tracking.

Given mmWave’s susceptibility to signal degradation caused by obstacles, effective scanning becomes instrumental in ensuring optimal signal reception and expansive coverage. Consequently, the scanning systems segment has emerged as a crucial driver, underpinning the provision of reliable and high-performance MmWave 5G connectivity across a diverse range of applications.

Global 5g mmWave Market 2023–2032 (By Billion)

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5G mmWave Market – Regional Analysis

North America:

  • United States: North America, particularly the United States, led the way in early 5G mmWave deployments. Major U.S. carriers, including Verizon, AT&T, and T-Mobile, invested significantly in mmWave technology to provide ultra-fast internet speeds in urban areas. The rollout was concentrated in cities, sports venues, and transportation hubs.

Asia-Pacific:

  • South Korea: South Korea was an early adopter of 5G technology, including mmWave. The country’s major telecom operators deployed mmWave networks in urban areas, offering high-speed services to consumers.
  • Japan: Japanese telecom operators also initiated 5G mmWave deployments in urban centers to provide enhanced mobile broadband services.

Europe:

  • United Kingdom: Some European countries, including the UK, began mmWave trials and deployments, primarily in city centers. The European Union set ambitious targets for 5G deployment, including mmWave, as part of its digital agenda.

Middle East and Africa:

Countries in the Middle East and parts of Africa were in various stages of 5G adoption, with some starting to explore mmWave deployments. The focus was often on delivering high-speed internet services in urban areas and major business districts.

Global 5g mmWave Market 2023–2032 (By Product)

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List of the prominent players in the 5G mmWave Market:

  • Qualcomm Technologies Inc.
  • Nokia Corporation
  • Ericsson AB
  • Huawei Technologies Co. Ltd.
  • Samsung Electronics Co. Ltd.
  • Intel Corporation
  • AT&T Inc.
  • Verizon Communications Inc.
  • ZTE Corporation
  • Fujitsu Limited
  • NEC Corporation
  • Cisco Systems Inc.
  • Keysight Technologies Inc.
  • Qorvo Inc.
  • Anokiwave Inc
  • Others

The 5G mmWave Market is segmented as follows:

By Components

  • Antennas & transceiver components
  • Frequency sources & related
  • Communication & networking components
  • Imaging components
  • Sensors & controls
  • Interface components
  • Other

By Product

  • Scanning systems
  • Radar and satellite communication systems
  • Telecommunication equipment
  • Other

By Frequency Band

  • 24–57 GHz
  • 57–95 GHz
  • 95–300 GHz

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global 5g mmWave Market, (2023 – 2032) (USD Billion)
    • 2.2 Global 5g mmWave Market: snapshot
  • Chapter 3. Global 5g mmWave Market – Industry Analysis
    • 3.1 5g mmWave Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Demand for High-Speed Connectivity
      • 3.2.2 Urban and Dense Urban Deployment
      • 3.2.3 Emerging Use Cases
      • 3.2.4 Network Densification
      • 3.2.5 Device Ecosystem
      • 3.2.6 Spectrum Allocation
      • 3.2.7 Competition Among Network Operators
      • 3.2.8 Global Standards
      • 3.2.9 Security and Privacy Concerns
      • 3.2.10 Evolving Business Models
      • 3.2.11 Environmental Considerations
      • 3.2.12 Global Economic Factors
      • 3.2.13 Public Perception
      • 3.2.14 Competing 5G Bands.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Components
      • 3.7.2 Market Attractiveness Analysis By Product
      • 3.7.3 Market Attractiveness Analysis By Frequency Band
  • Chapter 4. Global 5g mmWave Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global 5g mmWave Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global 5g mmWave Market – Components Analysis
    • 5.1 Global 5g mmWave Market Overview: By Components
      • 5.1.1 Global 5g mmWave Market Share, By Components, 2022 and 2032
    • 5.2 Antennas & transceiver components
      • 5.2.1 Global 5g mmWave Market by Antennas & Transceiver Components, 2023 – 2032 (USD Billion)
    • 5.3 Frequency Sources & related
      • 5.3.1 Global 5g mmWave Market by Frequency Sources & related, 2023 – 2032 (USD Billion)
    • 5.4 Communication & networking components
      • 5.4.1 Global 5g mmWave Market by Communication & Networking Components, 2023 – 2032 (USD Billion)
    • 5.5 Imaging components
      • 5.5.1 Global 5g mmWave Market by Imaging Components, 2023 – 2032 (USD Billion)
    • 5.6 Sensors & controls
      • 5.6.1 Global 5g mmWave Market by Sensors & controls, 2023 – 2032 (USD Billion)
    • 5.7 Interface components
      • 5.7.1 Global 5g mmWave Market by Interface Components, 2023 – 2032 (USD Billion)
    • 5.8 Other
      • 5.8.1 Global 5g mmWave Market by Other, 2023 – 2032 (USD Billion)
  • Chapter 6. Global 5g mmWave Market – Product Analysis
    • 6.1 Global 5g mmWave Market Overview: By Product
      • 6.1.1 Global 5g mmWave Market Share, By Product, 2022 and 2032
    • 6.2 Scanning systems
      • 6.2.1 Global 5g mmWave Market by Scanning Systems, 2023 – 2032 (USD Billion)
    • 6.3 Radar and satellite communication systems
      • 6.3.1 Global 5g mmWave Market by Radar and Satellite Communication Systems, 2023 – 2032 (USD Billion)
    • 6.4 Telecommunication equipment
      • 6.4.1 Global 5g mmWave Market by Telecommunication Equipment, 2023 – 2032 (USD Billion)
    • 6.5 Other
      • 6.5.1 Global 5g mmWave Market by Other, 2023 – 2032 (USD Billion)
  • Chapter 7. Global 5g mmWave Market – Frequency Band Analysis
    • 7.1 Global 5g mmWave Market Overview: By Frequency Band
      • 7.1.1 Global 5g mmWave Market Share, By Frequency Band, 2022 and 2032
    • 7.2 24–57 GHz
      • 7.2.1 Global 5g mmWave Market by 24–57 GHz, 2023 – 2032 (USD Billion)
    • 7.3 57–95 GHz
      • 7.3.1 Global 5g mmWave Market by 57–95 GHz, 2023 – 2032 (USD Billion)
    • 7.4 95–300 GHz
      • 7.4.1 Global 5g mmWave Market by 95–300 GHz, 2023 – 2032 (USD Billion)
  • Chapter 8. 5g mmWave Market – Regional Analysis
    • 8.1 Global 5g mmWave Market Regional Overview
    • 8.2 Global 5g mmWave Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America 5g mmWave Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America 5g mmWave Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America 5g mmWave Market, by Components, 2023 – 2032
      • 8.4.1 North America 5g mmWave Market, by Components, 2023 – 2032 (USD Billion)
    • 8.5 North America 5g mmWave Market, by Product, 2023 – 2032
      • 8.5.1 North America 5g mmWave Market, by Product, 2023 – 2032 (USD Billion)
    • 8.6 North America 5g mmWave Market, by Frequency Band, 2023 – 2032
      • 8.6.1 North America 5g mmWave Market, by Frequency Band, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe 5g mmWave Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe 5g mmWave Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe 5g mmWave Market, by Components, 2023 – 2032
      • 8.8.1 Europe 5g mmWave Market, by Components, 2023 – 2032 (USD Billion)
    • 8.9 Europe 5g mmWave Market, by Product, 2023 – 2032
      • 8.9.1 Europe 5g mmWave Market, by Product, 2023 – 2032 (USD Billion)
    • 8.10 Europe 5g mmWave Market, by Frequency Band, 2023 – 2032
      • 8.10.1 Europe 5g mmWave Market, by Frequency Band, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific 5g mmWave Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific 5g mmWave Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific 5g mmWave Market, by Components, 2023 – 2032
      • 8.12.1 Asia Pacific 5g mmWave Market, by Components, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific 5g mmWave Market, by Product, 2023 – 2032
      • 8.13.1 Asia Pacific 5g mmWave Market, by Product, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific 5g mmWave Market, by Frequency Band, 2023 – 2032
      • 8.14.1 Asia Pacific 5g mmWave Market, by Frequency Band, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America 5g mmWave Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America 5g mmWave Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America 5g mmWave Market, by Components, 2023 – 2032
      • 8.16.1 Latin America 5g mmWave Market, by Components, 2023 – 2032 (USD Billion)
    • 8.17 Latin America 5g mmWave Market, by Product, 2023 – 2032
      • 8.17.1 Latin America 5g mmWave Market, by Product, 2023 – 2032 (USD Billion)
    • 8.18 Latin America 5g mmWave Market, by Frequency Band, 2023 – 2032
      • 8.18.1 Latin America 5g mmWave Market, by Frequency Band, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa 5g mmWave Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa 5g mmWave Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa 5g mmWave Market, by Components, 2023 – 2032
      • 8.20.1 The Middle-East and Africa 5g mmWave Market, by Components, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa 5g mmWave Market, by Product, 2023 – 2032
      • 8.21.1 The Middle-East and Africa 5g mmWave Market, by Product, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa 5g mmWave Market, by Frequency Band, 2023 – 2032
      • 8.22.1 The Middle-East and Africa 5g mmWave Market, by Frequency Band, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Qualcomm Technologies Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Nokia Corporation
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Ericsson AB
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Huawei Technologies Co. Ltd.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Samsung Electronics Co. Ltd.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Intel Corporation
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 AT&T Inc.
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Verizon Communications Inc.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 ZTE Corporation
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Fujitsu Limited
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 NEC Corporation
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Cisco Systems Inc.
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Keysight Technologies Inc.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Qorvo Inc.
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Anokiwave Inc
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 30

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Qualcomm Technologies Inc.
  • Nokia Corporation
  • Ericsson AB
  • Huawei Technologies Co. Ltd.
  • Samsung Electronics Co. Ltd.
  • Intel Corporation
  • AT&T Inc.
  • Verizon Communications Inc.
  • ZTE Corporation
  • Fujitsu Limited
  • NEC Corporation
  • Cisco Systems Inc.
  • Keysight Technologies Inc.
  • Qorvo Inc.
  • Anokiwave Inc
  • Others

FAQs

The key factors driving the Market are Demand for High-Speed Connectivity, Urban and Dense Urban Deployment, Emerging Use Cases, Network Densification, Device Ecosystem, Spectrum Allocation, Competition Among Network Operators, Global Standards, Security and Privacy Concerns, Evolving Business Models, Environmental Considerations, Global Economic Factors, Public Perception And Competing 5G Bands.

The “Components” category dominated the market in 2022.

The key players in the market are Qualcomm Technologies Inc., Nokia Corporation, Ericsson AB, Huawei Technologies Co. Ltd., Samsung Electronics Co. Ltd., Intel Corporation, AT&T Inc., Verizon Communications Inc., ZTE Corporation, Fujitsu Limited, NEC Corporation, Cisco Systems Inc., Keysight Technologies Inc., Qorvo Inc., Anokiwave Inc, Others.

“North America” had the largest share in the 5g mmWave Market.

The global market is projected to grow at a CAGR of 15.05% during the forecast period, 2023-2032.

The 5g mmWave Market size was valued at USD 2.79 Billion in 2022.

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