AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Millimeter Wave Equipment market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Millimeter Wave Equipment market to grow at a CAGR of %.
The Component, such as Imaging, is boosting the Millimeter Wave Equipment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Millimeter Wave Equipment market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Deployment of Millimeter Wave Technology in Aerospace and Radio Astronomy, Rise in Adoption Rate of the Technology in the Healthcare Sector and Increasing Demand of Wireless Communication. †
Millimeter wave equipment market is a kind of electromagnetic technology incorporated in varied devices and products like medical devices, cars, and phones to confirm wireless broadband communications at high speed. The frequency of millimeter electronic wave lies in between 3GHz to 300 gigahertz. It's a special electromagnetic wave whose frequency is much beyond the frequency range of other commonly used wireless technologies. Originally electromagnetic waves having frequencies above 80GHz were termed as microwaves and electromagnetic waves having even higher frequencies were termed as radio waves. However, with commercialization of this technology, the demarcation between varied frequencies has blurred.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Millimeter Wave Equipment market by Type (Millimeter Scanners, Millimeter Radars and Millimeter Micro Scale Backhaul), by Application (Automotive, Telecommunication and Healthcare) and major geographies with country level break-up that includes South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market