SAN FRANCISCO, Sept. 3, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Telecom Millimeter Wave (MMW) Technology – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 976
Companies: 36 – Players covered include Aviat Networks, Inc.; BridgeWave Communications, Inc.; E-Band Communications, LLC; ELVA-1 and Wireless Excellence Ltd.; Farran Technology Ltd.; Keysight Technologies, Inc.; L3 Technologies, Inc.; LightPointe Communications, Inc.; Millitech, Inc.; NEC Corporation; Proxim Wireless; QuinStar Technology, Inc.; Renaissance Electronics & Communications (HXi); SAGE Millimeter, Inc.; Siklu Communication Ltd.; Smiths Group Plc.; Vubiq Networks, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Frequency Band (E-Band, V-Band, Other Frequency Bands); Application (Civil, Military)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Telecom Millimeter Wave (MMW) Technology Market to Reach $4.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Telecom Millimeter Wave (MMW) Technology estimated at US$762.4 Million in the year 2020, is projected to reach a revised size of US$4.6 Billion by 2026, growing at a CAGR of 34.5% over the analysis period. E-Band, one of the segments analyzed in the report, is projected to record a 35.6% CAGR and reach US$4.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the V-Band segment is readjusted to a revised 29.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $323 Million in 2021, While China is Forecast to Reach $778.9 Million by 2026
The Telecom Millimeter Wave (MMW) Technology market in the U.S. is estimated at US$323 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$778.9 Million by the year 2026 trailing a CAGR of 33.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 31% and 29.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 24.2% CAGR.
Other Frequency Bands Segment to Reach US$405.4 Million by the year 2026
In the global Other Frequency Bands segment, USA, Canada, Japan, China and Europe will drive the 33% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$57.7 Million in the year 2020 will reach a projected size of US$424.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.