US Millimeter Wave Technology Markets, 2022-2027: Rapid Exposure of 5G Coupled with Millimeter Wave Technology - ResearchAndMarkets.com

The "US Millimeter Wave Technology Market (2022-2027) by Component, Product, Frequency Band, License Type, End-Use." report has been added to ResearchAndMarkets.com's offering.

The US Millimeter Wave Technology Market is estimated to be USD 483.86 Mn in 2022 and is projected to reach USD 1164.4 Mn by 2027, growing at a CAGR of 19.2%..

Market dynamics are forces that impact the prices and behaviors of the US Millimeter Wave Technology Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service.

Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Company Profiles

Some of the companies covered in this report are Aviat Networks, Axxcss Wireless Solutions, Cisco Systems, Denso Corporation, Fujitsu Limited, L3Harris Technologies, Mitsubishi Electric, Ooma, Vubiq Networks, etc.

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score.

The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Millimeter Wave Technology Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company.

The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US Millimeter Wave Technology Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Market Segmentations

• By Component, the market is classified into Antennas & Transceiver Components, Communication & Networking Components, Frequency Sources & Related Components, Imaging Components, Interface Components, Power & Battery Components, RF & Radio Components, Sensors & Controls, and Other Components.
• By Product, the market is classified into Radar And Satellite Communication Systems, Scanning Systems, Telecommunication Equipment, are Others.
• By Frequency Band, the market is classified into 24-57 Ghz, 57-95 Ghz, and 95-300 Ghz.
• By License Type, the market is classified into Fully Licensed Frequency Millimeter Wave, Light Licensed Frequency Millimeter Wave, and Unlicensed Frequency Millimeter Wave.
• By End-Use, the market is classified into Automotive & Transportation, Consumer & Commercial, Healthcare, Imaging, Industrial, and Mobile & Telecom.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Report Highlights:

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Market Dynamics

Drivers

• Increasing Demand in Security Screening and Telecommunication Industry
• Rapid Use of Radar Technology in Military and Aerospace Industry
• Emerging Applications in Automotive and Medical Industry
• Growing Demand of High-Speed Broadband Connectivity

Restraints

• Concern Associated with Distortion from Atmosphere

Opportunities

• Rapid Exposure of 5G Coupled with Millimeter Wave Technology in Various Applications Across the Globe
• Rising Numerous IoT Based Devices Globally
• Use of V-Band Millimeter Wave for Last-Mile Connectivity

Challenges

• Complex Architecture of Millimeter Wave Requires Advanced Technology Infrastructure

Company Profiles

• Aviat Networks
• Axxcss Wireless Solutions
• Cisco Systems
• Denso Corporation
• Fujitsu Limited
• L3Harris Technologies
• Mitsubishi Electric
• Ooma
• Vubiq Networks

For more information about this report visit https://www.researchandmarkets.com/r/1mosk7

View source version on businesswire.com: https://www.businesswire.com/news/home/20220720005497/en/