Global Millimeter Wave Technology Market: Key Highlights
Source: National Instruments
Global Millimeter Wave Technology Market: Key Market Dynamics
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Global Millimeter Wave Technology Market: Regional Overview
The millimeter wave technology market in the North America region is projected to witness to grow with highest CAGR during forecast period. Increasing adoption of wireless technologies, communication technologies, and early adoption of technological infrastructure will have impacted positively on the growth rate of the region. The presence of global 5G manufacturers such as Qualcomm Technologies Inc. are expected to increase the market share of millimeter wave technology market in North America.
Asia-Pacific is expected to grow at faster rate during forecast period. Growing population, growing consumer electronics market, and presence IT & telecommunication organizations are expected to drive the mmWave market in Asia-Pacific region. India, Japan, South Korea, and China will have expected to hold the largest market share in APAC. Increasing need of satellite communication, growing digitization in military & defense industry will add fuel in the growth of millimeter wave technology market during forecast period.
Global Millimeter Wave Technology Market: Key Players Overview
The company provides various IT solutions for manufacturing, retail, finance sector, and various service industries. NEC provides network control platform systems and operating services for operations management, along with equipment for network implementation. In January 2020, the company launched millimeter-wave distributed antenna radio unit improving the channel quality for indoor 5G applications.
The company provide highly-reliable, cost-effective, high capacity wireless solutions in microwave and millimeter wave technology. In 2014, BridgeWave was acquired by REMEC Broadband Wireless Networks, a leading OEM that has shipped more than 1M microwave and millimeter wave radios over the last 12 years. The company partnered with Fujitsu to Navigator microwave system (6GHz – 42GHz) and the Flex4G-10000 true fiber capacity millimeter wave system (80GHz) to optimize backhaul networks for the highest capacity and range, while minimizing capital investments and reducing operational costs.
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