The global millimeter wave technology market size is estimated to grow from USD 1.8 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 20.8%. Increase in broadband and mobile speeds, rise in use of millimeter wave in small-cell backhaul networks, and substantial demand in the use of millimeter wave technology in security and radar applications are among the factors driving the growth of the millimeter wave technology market.
Key players in the millimeter wave technology market include Axxcss Wireless Solutions (US), NEC Corporation (Japan), Siklu Communication (Israel), L3HARRIS (US), Smiths Group (UK), Eravant (US), Aviat Networks (US), Farran Technologies (Ireland), and Millimeter Wave Products (US). These companies focus on adopting both organic and inorganic growth strategies, such as product launches and installations, expansions, partnerships, agreements, and contracts to strengthen their position in the market.
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Top Players in Millimeter Wave Technology Market:
Axxcss Wireless Solutions is the parent company for some of the major providers of millimeter wave technologies—BridgeWave Communications, E-band Communications, and REMEC Broadband Wireless Networks. It is focused on the manufacturing, design, and distribution of digital transmission systems for the telecommunications and broadcast industries. The companys products include closed-circuit and cable television equipment, studio equipment, light communications equipment; transmitters, transceivers, and receivers; cellular radiotelephones and communication antennas; and RF power amplifiers and fixed and mobile radio systems.
NEC Corp. provides services, components, systems, and integrated solutions for communication and computing solutions. It provides secure and efficient social solutions for domestic and foreign governments, government agencies, public and financial institutions, and other organizations by combining its distinctive technology assets, including network and sensing technologies. The company operates through the following segments: Public Business, Enterprise Business, Network Services Business, System Platform Business, Global Business, and Others.
Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), License Type (Unlicensed, Fully Licensed), Application (Mobile and Telecom, Automotive), Component, Frequency Band, and Region (2021-2026)
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