Global 5G mm wave
Innovative cellular technology known as 5G mm Wave allows users to access significant bandwidth and capacity found in the frequency range above 24GHz. The use of 5G millimeter waves, once dismissed by sceptics as being impossible, is now widespread in wireless ecosystems and is expected to continue to grow. In the United States, for instance, all major carriers provide full selection of the newest and best-selling 5G flagship millimeter-wave phones as well as 5G millimeter-wave services. Nearly half of the countries in the European Union and the United Kingdom have designated or intend to designate millimeter-wave spectra for 5G.
The global reach of 5G networks is increasing as mm Wave is a brand-new technology that helps to improve next-generation wireless communication.
Increased Demand for Better Consumer Experiences
Over the past two decades, the global population of mobile users and their data requirements have grown exponentially. There have been enormous advancements in mobile technologies during the same time. As more people and devices join the network, service quality and efficiency suffer intensely. Mobile data traffic has rapidly increased, creating new opportunities for mobile service providers because of the development of wireless data applications and the popularity of smart devices. New use cases, including those for smart grids, autonomous vehicles, energy, smart manufacturing, logistics, public safety, and many other verticals, are anticipated to be made possible by 5G, which will also likely support continued economic growth. Information can now be exchanged between various electronic devices without direct human interaction, thanks to the development of loT.
Growing Adoption of IoT (Internet of Things) Driving 5G mm Wave Technology
IoT technology is the foundation of many businesses to undergo a digital transformation, enabling them to improve their current business processes by developing and implementing new business models. IoT has been regarded by businesses and service providers as an essential tool for accelerating digital transformation and releasing operational efficiencies. Positive market growth is being fueled by the expanding use of IoT technology across end-user industries like manufacturing, automotive, and healthcare. IoT is also powering subsequent industrial revolution of intelligent connectivity as the traditional manufacturing sector undergoes digital transformation. IoT and Industry 4.0, also known as smart factory automation, are at the core of new technological approaches for the creation, operation, and management of the entire logistics chain. With the widespread adoption of connected devices and sensors, along with the implementation of M2M communication, there has been an increase in the number of data points generated in the manufacturing industry. This aspect tends to drive the market of 5G mm Wave market.
High Deployment Cost
High pricing and cost are considered as one of the biggest hurdles in 5G mm Wave Market. service cost discourages the 5G mm Wave technologies and it require a high research and development cost to develop and deploy.
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Market Segmentation
The Global 5G mm Wave Market is divided into Component, Bandwidth, Application and Industry. Based on Component, the market is divided into Hardware, Solutions and Services. By Bandwidth, the market is divided into Hardware, Solutions and Services. By Bandwidth, the market is divided into 24Ghz to 57Ghz, 57Ghz to 95Ghz, and 95Ghz to 300Ghz. By Application, the market is divided into Real time surveillance cameras, AR/VR, Industry 4.0, Live Streaming, Ultra-High-Definition Video, Transport connectivity, Others.
Market Players
NXP Semiconductors, Airspan Networks, American Telephone and Telegraph, SoftBank Corp., Corning Incorporated, Nokia Corporation, NTT Docomo, Huawei Technologies Co., Ltd., Qualcomm, Verizon Communications Inc, Rakuten Mobile, Samsung, Fujitsu, Renesas Electronics Corporation
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023 – 2028 |
| Report coverage | Revenue forecast, company share, growth factors, and trends |
| Segments covered | Component Bandwidth Application Industry |
| Regional scope | North America, Asia-Pacific, Europe, South America, Middle East |
| Country scope | United States, Canada, Mexico, China, Indian, Japan, South Korea, Australia, Singapore, Malaysia, Germany, United Kingdom, France, Italy, Spain, Poland, Colombia, Brazil, Argentina, Peru, Chile, Africa, Saudi Arabia, South Africa, UAE, Iraq, Turkey |
| Key companies profiled | NXP Semiconductors, Airspan Networks, American Telephone and Telegraph, SoftBank Corp., Corning Incorporated, Nokia Corporation, NTT Docomo, Huawei Technologies Co., Ltd., Qualcomm, Verizon Communications Inc, Rakuten Mobile, Samsung, Fujitsu, Renesas Electronics Corporation |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
