Global mmWave 5G Market Share Estimated to be Worth USD 7.51 Billion by 2030, at 14.3% CAGR: Polaris Market Research

NEW YORK, Nov. 14, 2022 /PRNewswire/ -- Polaris Market Research recently published [115+ Pages] research report on "mmWave 5G Market Share, Size, Trends, Industry Analysis Report, By Component; By Use Case (eMBB, FWA, mMTC, URLLC); By Application; By Bandwidth; By End-Use; By Region; Segment Forecast, 2022 - 2030" in its research database.

According to the research report, the global mmWave 5G market share was valued at USD 2.31 billion in 2021 and is expected to reach USD 7.51 Billion by 2030, growing at a CAGR of 14.3% during the forecast period.

What is mmWave 5G? What is Expected mmWave 5G Market Share?

• Overview

mmWave 5G is a cellular technology that provides access to higher frequency radio bands ranging from 24GHz to 40GHz. mmWave 5G is now adopted by wireless ecosystems worldwide because it supports high capacity with ultrafast speeds. The technology is expected to be most appropriate in urban areas to handle the increasing capacity needs of users and their demand for more data. For instance, all leading carriers in the United States offer the complete range of 5G flagship millimeter-wave phones and 5G millimeter-wave services.

Some of the key benefits of mmWave 5G includes good coverage, easy scaling, enhanced capacity and connectivity, low latency, and high capacity. The demand for mmWave 5G market is majorly driven by the increasing demand for high-speed connectivity and a surge in the growth of virtualization in the networking sector. Various advantages of mmWave technology, such as high bandwidth and secure transmission, are expected to fuel the market growth.

Request Sample Copy of "mmWave 5G Market" Research Report @ https://www.polarismarketresearch.com/industry-analysis/mmwave-5g-market/request-for-sample

Our Free Sample Report Includes

• Report introduction, overview, and in-depth industry analysis
• Breakdown data by regions, type, players, and applications
• Competitive landscape and leading competitor market shares
• 110+ pages research report
• Offers chapter-wise instruction on request
• Includes market presence across different geographies with share, size, and trends
• Updated list of tables and figures
• The report covers leading players with their business strategies
• Factors and fact research methodology

Some of the Top Market Players Are:

• Airspan Networks
• Alcan Systems
• AMD
• AT&T
• Corning
• Ericsson
• Fastweb
• Fujitsu
• Huawei
• JMA Wireless
• Keysight Technologies
• Mavenir
• Movandi
• Nokia
• NTT Docomo
• NXP Semiconductors
• Pharrowtech
• Pivotal Commware
• Qualcomm
• Rakuten Mobile
• Renesas Electronics Coerporation
• Samsung
• Singtel
• Sivers Semiconductors
• Softbank
• Verana Networks
• Verizon Communications Inc

For Additional List of Players and Detail Information, Download a Report PDF Brochure

Growth Driving Factors

• Growing demand for high bandwidth-intensive applications favors the market growth 

The rising shift from fiber-based wired communication to mmWave 5G due to its network performance is expected to create new opportunities in the mmWave 5G market for wireless broadband services, thus propelling the growth of the industry. A surge in a number of research & development activities in MMW technology, as well as growing demand for this technology in the telecommunications sector, is expected to accelerate the mmWave 5G industry expansion. The market is also booming due to the growing usage of smartphones across developed and developing nations, increasing requirements for cloud gaming, and increasing investment of service operators. 

Moreover, high demand for bandwidth-intensive applications, and rising demand for high-bandwidth, high-speed internet across the telecom sector are factors boosting the mmWave 5G market size. Besides, mmWave technology has various applications, including the internet of things (IoT), such as VR/AR, high-quality video, real-time surveillance cameras, and live streaming, which is augmenting its demand. This is another factor accelerating the market growth. 

Directly Purchase a copy of report with TOC @ https://www.polarismarketresearch.com/checkouts/16991

Recent Developments

In February 2022, Fastweb announced a collaboration with Qualcomm Technologies to commercialize mmWave 5G services in Italy using snapdragon X65 and X62, which will have access to residential and commercial customers.

Segmental Analysis

• Hardware segment held the biggest share in 2021

On the component basis, the hardware segment witnessed the largest mmWave 5G market share in 2021 due to its lightweight and compact structure. The high demand for antennae and transceivers due to their properties, such as reduced interference, improved signal-to-interference-noise-ratio, and system performance, propels the market growth. Further, antennas are used in compact IoT devices due to their small size and larger bandwidth, which is anticipated to boost segment growth in the market.

• Enhanced mobile broadband (eMBB) is likely to dominate the market

Based on the use case, the enhanced mobile broadband (eMBB) is predicted to witness the largest market share attributing to the growing penetration of mmWave spectrum in the densest urban areas with developed nations and locations where large amount of is produced, such as transport hubs, urban environments, and event venues.

• AR/VR is projected to generate a major CAGR over the foreseen period

On the basis of application mmWave 5G market segmentations, the AR/VR segment is estimated to dominate the market during the anticipated period. This is because AR/VR, when combined with mmWave 5G, offers improved end-to-end latency and user experience.

• Telecom is projected to record the fastest growth during the forecast period

By end use, the telecom industry is anticipated to grow fastest throughout the projected period. This growth can be attributed to the high adoption of mmWave technology in smartphones and telecom infrastructure. In addition, escalating demand for high-speed data transfer from various commercial industries, such as IT offices, is anticipated to bolster segmental growth. 

Inquire more about this report before purchase @ https://www.polarismarketresearch.com/industry-analysis/mmwave-5g-market/inquire-before-buying

(Inquire a report quote OR available discount offers to the sales team before purchase.)

mmWave 5G Market: Report Scope

Geographic Overview

• North America will dominate the market with the fastest growth during the foreseen period

On a geographic basis, North America witnessed the largest revenue share and is expected to maintain its dominance during the predicted period due to the rising adoption of millimeter wave technology by leading market players across the countries. Also, growing number of investments by many commercial and telecom industries in developing mmWave 5G technology it anticipated to accelerate the mmWave 5G market sales during the assessment period.

Furthermore, Asia Pacific is likely to be the second largest region because of rapid digitization and consumer transformation from LTE to 5g network. The incorporation of mmWave 5G with artificial intelligence and augmented reality delivers solutions in the healthcare sector, which is expected to drive market growth in the Asia Pacific.

Browse the Detail Report "mmWave 5G Market Share, Size, Trends, Industry Analysis Report, By Component; By Use Case (eMBB, FWA, mMTC, URLLC); By Application; By Bandwidth; By End-Use; By Region; Segment Forecast, 2022 - 2030" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/mmwave-5g-market

For Additional Information OR Media Enquiry, Please Mail At: [email protected]

Polaris Market Research has segmented the mmWave 5G market report based on component, use case, application, bandwidth, end-use, and region:

By Component Outlook

• Hardware
• Antennas and Transceiver Components
• Communication and Networking Components
• Frequency and Sources and Related Components
• RF and Radio Components
• Sensors and Controls
• Power and Battery Components
• Other Hardware
• Solutions
• Services
• Professional Services
• Consulting
• Development and Integration
• Support and Maintenance
• Managed Services

By Use Case Outlook

• eMBB
• FWA
• mMTC
• URLLC

By Application Outlook

• Real-time Surveillance Cameras
• AR/VR
• Industry 4.0
• Live Streaming
• Transport Connectivity
• Ultra-High-Definition Video
• Other Applications

By Bandwidth Outlook

• 24ghz to 57ghz
• 57ghz to 95ghz
• 95ghz to 300ghz

By End-Use Outlook

• Aerospace and Defense
• Telecom
• Media and Entertainment
• Automotive and Transportation
• Public Safety
• Healthcare and Life Sciences
• Other

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Browse More Related Research Reports:

• Medical Terminology Software Market: https://www.polarismarketresearch.com/industry-analysis/medical-terminology-software-market
• Tactical Data Link Market: https://www.polarismarketresearch.com/industry-analysis/tactical-data-link-market
• 5G Infrastructure Market: https://www.polarismarketresearch.com/industry-analysis/5g-infrastructure-market
• 5G Enterprise Market: https://www.polarismarketresearch.com/industry-analysis/5g-enterprise-market
• 5G Services Market: https://www.polarismarketresearch.com/industry-analysis/5g-services-market

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

Contact:

Likhil G
30 Wall Street
8th Floor,
New York City, NY 10005,
United States
Phone: +1-929 297-9727
Email: [email protected]  
Web: https://www.polarismarketresearch.com   
Follow US: LinkedIn | twitter

Logo: https://mma.prnewswire.com/media/1316207/Polaris_Market_Research_Logo.jpg

SOURCE Polaris Market Research