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5G mmwave Technology Market Size Worth USD 10.25 Billion in 2032 | Emergen Research
5G mmwave Technology Market
This unique characteristic of 5G mmwave technology facilitates an array of data-intensive the Internet of Things (IoT) applications such as, streaming of 4K/8K Ultra High Definition (UHD) videos, Virtual Reality (VR) and Augmented Reality (AR). According to The GSM Association, the number of 5G connections is projected to exceed 2 billion by 2025. The frequency ranges within mmWave, extending up to 100 GHz, have capabilities to accommodate bandwidths of up to 2 GHz. In addition, recent technological advancements in range of 5G mmWave product portfolios and comprehensive testing of 5G mmWave network airwaves are driving revenue growth of the market.
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The report also discusses key players involved in the market, such as
• Qualcomm Technologies, Inc.
• Telefonaktiebolaget LM Ericsson
• Nokia Corporation
• ZTE Corporation
• Huawei Technologies Co., Ltd.
• Analog Devices, Inc.
• AT&T Inc
• Verizon Communications Inc.
• Keysight Technologies, Inc.
• Murata Manufacturing Co., Ltd.
• Broadcom Inc
• Anokiwave, Inc
• Skyworks Solutions, Inc.
• Fibocom Wireless Inc
as well as new entrants in the market. The competitive analysis also includes regional analysis of major geographical regions. The report covers regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Key insights presented in the report:
• Market revenue shares by major business players, by type, by application, and market scope of global 5G mmwave Technology market
• Sales revenue by key players and new entrants
• Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers
• Recent mergers, acquisitions, product launches, recent investments, and joint ventures
• Regional analysis to provide insight into recent trends and opportunities
The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. Additionally, the report also covers details of the company, such as sales and distribution area, product portfolios, specifications, and others.
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Some Key Highlights From the Report
• The telecommunication equipment segment is expected to account for largest revenue share over the forecast period. Millimeter wave technology has a significant benefit in that it provides more capacity at extremely rapid speeds due to wider bandwidths ranging from 24 GHz to 48.2 GHz. In highly populated areas, mmwave communications equipment is critical for offering increased bandwidths, higher frequencies, lower latencies, and seamlessly connecting user devices to the 5G mmwave network.
• The Enhanced Mobile Broadband (eMBB) segment is expected to register highest revenue growth rate over the forecast period. Enhanced Mobile Broadband (eMBB) is one of the most promising applications of 5G mmwave technology. 5G Enhanced Mobile Broadband (eMBB) enables consumers to connect to greater Quality of Service (QoS) internet access with no restrictions on data volume, geographical borders, or time constraints. It also provides higher bandwidth and lower latency to accommodate applications such as Augmented Reality (AR), Virtual Reality (VR), and 4K media.
Emergen Research has segmented the global 5G mmwave technology market on the basis of product, component, frequency band, application, and region:
• Product Outlook (Revenue, USD Billion; 2019-2032)
o Scanning System
o Radar and satellite communication system
o Telecommunication equipment
o Others
• Component Outlook (Revenue, USD Billion; 2019-2032)
o mmWave Antennas
o Beamforming Networks
o MIMO (Multiple-Input Multiple-Output)
o Integrated Circuits and System-on-Chip (SoC) Solutions
o Power Amplifiers
o Backhaul Solutions
o Others
• Frequency Band Outlook (Revenue, USD Billion; 2019-2032)
o 24-57 GHz
o 57-95 GHz
o 95-300 GHz
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Enhanced Mobile Broadband (eMBB)
o Augmented Reality (AR) and Virtual Reality (VR)
o Internet of Things (IoT) Solutions
o Connected Vehicles and Autonomous Driving
o Telemedicine and Remote Healthcare
o Others
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of MEA
For more informative information, please visit us @ https://www.emergenresearch.com/industry-report/5g-mmwave-technology-market
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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