Global Millimeter Wave Fifth Generation Market Forecast to 2032

The "Global Millimeter Wave Fifth Generation Market" research by Emergen Research is a thorough compilation of analytical data regarding the Millimeter Wave Fifth Generation sector. The research contains a market segmentation for Millimeter Wave Fifth Generation as well as a thorough evaluation of the market's size (both in terms of volume and value). The study analyzes the present Millimeter Wave Fifth Generation Market and provides a detailed prediction for the years 2022–2032.

The global Millimeter-Wave (MmWave) fifth generation (5G) market size is expected to reach USD 2.50 Billion in 2032 and register a steady revenue CAGR of 14.7% during the forecast period, according to the latest analysis by Emergen Research. The increasing need for massive device connectivity and low latency is a major factor driving market revenue growth.  The utilization of 5G mmWave technology in real-time services, particularly cloud activities, compensates for the limitations of other wireless technologies. The data transmission and reception capacity of 5G mmWave surpasses that of current wireless networks. Latency, which was around 200 ms in 4G networks, can be as low as 1 ms in 5G systems. This enables companies seeking to implement emerging and innovative applications to benefit from faster speeds and reduced delays compared to previous wireless networking technologies. Low latency plays a crucial role in the realm of autonomous vehicles and intelligent transportation systems. In addition, quick and reliable communication between vehicles, enabling efficient coordination, real-time updates on road conditions, and enhanced safety measures, is another major factor driving revenue growth in the market.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Millimeter Wave Fifth Generation market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

NXP Semiconductors, Airspan Networks, AT&T Intellectual Property, Fastweb, SoftBank Corp, Corning Incorporated, Nokia, Mavenir, NTT Limited, and Advanced Micro Devices, Inc

Research Report on the Millimeter Wave Fifth Generation Market Addresses the Following Key Questions:

• Who are the dominant players of the Millimeter Wave Fifth Generation market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Millimeter Wave Fifth Generation market?
• What are the key growth drivers and restraining factors of the Millimeter Wave Fifth Generation market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Millimeter Wave Fifth Generation market and its key segments?

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Some Key Highlights From the Report

• On 10 November 2022, Qualcomm Technologies, Inc. announced that it has achieved breakthrough 5G standalone (SA) mmWave performance, paving the way for larger commercial mmWave deployments. As the global Internet user base increases, 5G SA mmWave enables more sectors and users to access unmatched experiences and capabilities. Devices powered by the Qualcomm Snapdragon X65 5G Modem-RF System were linked to network infrastructure equipment provided by industry giants ZTE, Nokia Shanghai Bell, and CICT Mobile. The companies achieved a download peak throughput of over 7.1 Gbps using the DDDSU frame structure and an upload peak rate of over 2.1 Gbps using the DSUUU frame structure, with a latency of 3.6 ms. All the tests were completed under the guidance of China Academy of Information and Communications Technology (CAICT) and China’s IMT-2020 (5G) Promotion Group.
• The Enhanced Mobile Broadband (eMBB) segment is expected to account for largest revenue share in the global mmWave 5G market over the forecast period. This is because eMBB offers increased bandwidth and improved latency to support application such Augmented Reality (AR), Virtual Reality (VR), and 4K media. Enhanced mobile broadband, often associated with mmWave 5G, builds upon the foundation of 4G LTE networks. It is among the three primary use cases specified by 3GPP for the deployment of 5G NR applications. In addition, 5G NR ensures the delivery of fast and reliable mobile broadband services, by leveraging the capabilities of eMBB, which is driving revenue growth of this segment.
• The AR/VR is expected to register steadily fast revenue growth rate in the global mmWave 5G market over the forecast period. This is because users can enjoy an enhanced AR and VR experience with improved performance and fluidity. A seamless VR experience relies on efficient data transmission between a headset and computer system. In addition, data needs to travel quickly and avoid congestion to achieve a high-quality AR and VR experience. mmWave 5G, with its large bandwidth and low latency, facilitates smooth loading of AR and VR pictures, videos, and animations, eliminating any jitters or disruptions that could hinder the overall experience.
• The North America market is expected to account for largest revenue share in the global mmWave 5G market during the forecast period. This is attributed to increasing activities by key market players in countries in this region to develop technologically advanced mmWave 5G solutions. For instance, on 2 February 2023, Verizon is testing and investing in startup Radio Access Network (RAN) equipment provider Verana Networks as a part of its ambitions to address problematic mmWave-based 5G installations. Verana's Integrated Access and Backhaul platform includes a mmWave antenna that can provide end-user access like a typical small-cell site as well as operate as a part of wireless mesh backhaul service. This enables this device to eliminate the requirement for separate wired backhaul connections to each mmWave antenna.

Market Overview:

The report bifurcates the Millimeter Wave Fifth Generation market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Component Outlook (Revenue, USD Billion; 2019–2032)
• Hardware
1. Antennas and Transceiver Components
2. Communication and Networking Components
3. Frequency and Sources and Related Components
4. RF and Radio Components
5. Sensors and Controls
6. Power and Battery Components
7. Other Hardware
• Solutions
• Services

• Professional Services
1. Consulting
2. Development and Integration
3. Support and Maintenance
• Managed Services

• Use Case Outlook (Revenue, USD Billion; 2019–2032)
• Enhanced Mobile Broadband (eMBB)
• Fixed Wireless Access (FWA)
• Ultra-Reliable Low-Latency Communications (URLLC)
• Smart Homes
• Industrial Internet of Things (IIoT)
• Intelligent Transportation Systems (ITS)
• Remote Surveillance and Security
• Massive Machine-Type Communications (mMTC)

• License Type Outlook (Revenue, USD Billion; 2019–2032)
• Light-licensed frequency millimeter wave
• Unlicensed frequency millimeter wave
• Fully licensed frequency millimeter wave

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Regional Landscape section of the Millimeter Wave Fifth Generation report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

How will this Report Benefit you?

A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Millimeter Wave Fifth Generation market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Millimeter Wave Fifth Generation with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

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