The 5G mmwave technology market is forecasted to grow by USD 1045.1 mn during 2023-2028, accelerating at a CAGR of 39.71% during the forecast period. The report on the 5G mmwave technology market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for high-speed networks, increased deployment of telecom infrastructure, and increasing use of wireless communication technologies and e-computing services.
Technavio's 5G mmwave technology market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
31.18%
CAGR
39.71%
Incremental Value
$1045.1mn
By Application
Wired/fiber connection replacement
Cellular backhaul/fronthaul
Others
By Geographical Landscape
North America
Europe
APAC
Middle East and Africa
South America
This study identifies the proliferation of next-generation LTE wireless networks as one of the prime reasons driving the 5G mmwave technology market growth during the next few years. Also, strategic collaborations of market vendors and integration of 5G mmwave technology into radio and satellite communication networks will lead to sizable demand in the market.
The report on the 5G mmwave technology market covers the following areas:
5G mmwave technology market sizing
5G mmwave technology market forecast
5G mmwave technology market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading 5G mmwave technology market vendors that include Anokiwave Inc., Aviat Networks Inc., Axxcss Wireless Solutions Inc., Cambium Networks Corp., Eravant, Farran, IgniteNet, Keysight Technologies Inc., KYOCERA Corp., L3Harris Technologies Inc., Millimeter Wave Products Inc., NEC Corp., Proxim Wireless Corp., QuinStar Technology Inc., RAD Data Communications Ltd., Siklu Inc., Smiths Group PLC, Spacek Labs Inc., Trex Enterprises Corp., Vubiq Networks Inc., and Wireless Excellence Ltd.. Also, the 5G mmwave technology market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global 5G MmWave Technology Market 2018 - 2022
Historic Market Size - Data Table on Global 5G MmWave Technology Market 2018 - 2022 ($ million)