Report Description

Global 5G mm wave market is anticipated to develop rapidly in the forecast period 2024-2028. Steady global 5G millimeter wave market revenue growth can be attributed to rapid technological advancements on 5G technology, recent advancements in edge computing systems, ongoing research and development activities, and rising adoption of 5G millimeter wave by the end users.

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. By Industry, the market is divided into Aerospace and Defense, Telecom, Automotive and Transportation, Public safety, Healthcare and Life science, Media and Entertainment, and 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 and many more.

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)

 

Report Scope:

In this report, the Global 5G mm Wave Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  •         Global 5G mm Wave Market, By Component:

o   Hardware

o   Solutions

o   Services

  •         Global 5G mm Wave Market, By Bandwidth:

o   24Ghz to 57Ghz

o   57Ghz to 95Ghz

o   95Ghz to 300Ghz

  •         Global 5G mm Wave Market, By Application:

o   Real time surveillance cameras

o   AR/VR

o   Industry 4.0

o   Live Streaming

o   Ultra-High-Definition video

o   Transport Connectivity

o   Others

  •         Global 5G mm Wave Market, By Industry:

o   Aerospace and Defense       

o   Telecom         

o   Automotive and Transportation         

o   Public Safety 

o   Healthcare and Lifescience  

o   Media and Entertainment     

o   Others            

  •         Global 5G mm Wave Market, By Region:

o   North America

§  United States

§  Mexico

§  Canada

o   Asia-Pacific

§  India

§  Japan

§  South Korea

§  China

§  Australia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global 5G mm Wave Market.

Available Customizations:

Global 5G mm Wave Market report with the given market data, Tech Sci Research, offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to ten).

Global 5G mm Wave Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Service Overview

2.    Research Methodology

3.    Impact of COVID-19 on the Global 5G mm Wave Market

4.    Executive Summary

5.    Voice of Customers

5.1.  Brand Awareness

5.2.  Factors Considered while Selecting Supplier

5.3.  Key Satisfaction Level

5.4.  Major Challenges Faced

6.    Global 5G mm Wave Market Outlook


6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component (Hardware, Solutions and Services)

6.2.2.    By Bandwidth (24Ghz to 57Ghz, 57Ghz to 95Ghz, and 95Ghz to 300Ghz)

6.2.3.    By Application (Real time surveillance cameras, AR/VR, Industry 4.0, Live Streaming, Ultra-High-Definition video, Transport connectivity, Others)

6.2.4.    By Industry (Aerospace and Defense, Telecom, Automotive and Transportation, Public safety, Healthcare and Life science, Media and Entertainment, and Others)

6.2.5.    By Region

6.2.6.    By Company

6.3.  Market Map

6.4.  Industry Value Chain Analysis

6.5.  Regulatory and Standardizations Related to 5G mm Wave Market​

6.6.  Innovations in Bandwidth Related to 5G mm Wave Market   ​

6.7.  Porter's Five Forces Analysis

6.7.1.    The threat of New Entrants

6.7.2.    Bargaining Power of Buyers/Consumers

6.7.3.    Bargaining Power of Suppliers

6.7.4.    The threat of Substitute Products

6.7.5.    The intensity of Competitive Rivalry

7.    North America 5G mm Wave Market Outlook


7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Bandwidth

7.2.3.    By Application

7.2.4.    By Industry

7.2.5.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States 5G mm Wave Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value 

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Bandwidth

7.3.1.2.3.           By Application

7.3.1.2.4.           By Industry

7.3.2.    Canada 5G mm Wave Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value 

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Bandwidth

7.3.2.2.3.           By Application

7.3.2.2.4.           By Industry

7.3.3.    Mexico 5G mm Wave Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value 

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Bandwidth

7.3.3.2.3.           By Application

7.3.3.2.4.           By Industry

7.3.4.    Canada 5G mm Wave Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value 

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Component

7.3.4.2.2.           By Bandwidth

7.3.4.2.3.           By Application

7.3.4.2.4.           By Industry

8.    Asia-Pacific 5G mm Wave Market Outlook


8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Bandwidth

8.2.3.    By Application

8.2.4.    By Industry

8.2.5.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China 5G mm Wave Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value 

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Bandwidth

8.3.1.2.3.           By Application

8.3.1.2.4.           By Industry

8.3.2.    India 5G mm Wave Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value 

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Bandwidth

8.3.2.2.3.           By Application

8.3.2.2.4.           By Industry

8.3.3.    Japan 5G mm Wave Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value 

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Bandwidth

8.3.3.2.3.           By Application

8.3.3.2.4.           By Industry

8.3.4.    South Korea 5G mm Wave Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value 

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Bandwidth

8.3.4.2.3.           By Application

8.3.4.2.4.           By Industry

8.3.5.    Australia 5G mm Wave Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value 

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Bandwidth

8.3.5.2.3.           By Application

8.3.5.2.4.           By Industry

9.    Europe 5G mm Wave Market Outlook


9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Bandwidth

9.2.3.    By Application

9.2.4.    By Industry

9.2.5.    By Country

9.3.  Europe: Country Analysis

9.3.1.    Germany 5G mm Wave Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value 

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Bandwidth

9.3.1.2.3.           By Application

9.3.1.2.4.           By Industry

9.3.2.    United Kingdom 5G mm Wave Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value 

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Bandwidth

9.3.2.2.3.           By Application

9.3.2.2.4.           By Industry

9.3.3.    France 5G mm Wave Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value 

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Component

9.3.3.2.2.           By Bandwidth

9.3.3.2.3.           By Application

9.3.3.2.4.           By Industry

9.3.4.    Italy 5G mm Wave Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value 

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Component

9.3.4.2.2.           By Bandwidth

9.3.4.2.3.           By Application

9.3.4.2.4.           By Industry

10. South America 5G mm Wave Market Outlook


10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Component

10.2.2. By Bandwidth

10.2.3. By Application

10.2.4. By Industry

10.2.5. By Country

10.3.             South America: Country Analysis

10.3.1. Brazil 5G mm Wave Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value 

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Bandwidth

10.3.1.2.3.         By Application

10.3.1.2.4.         By Industry

10.3.2. Argentina 5G mm Wave Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value 

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Bandwidth

10.3.2.2.3.         By Application

10.3.2.2.4.         By Industry

10.3.3. Colombia 5G mm Wave Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value 

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Bandwidth

10.3.3.2.3.         By Application

10.3.3.2.4.         By Industry

11. Middle East & Africa 5G mm Wave Market Outlook

11.1.             Market Size & Forecast

11.1.1. By Value

11.2.             Market Share & Forecast

11.2.1. By Component

11.2.2. By Bandwidth

11.2.3. By Application

11.2.4. By Industry

11.3.             Middle East & Africa: Country Analysis

11.3.1. Saudi Arabia 5G mm Wave Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value 

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Component

11.3.1.2.2.         By Bandwidth

11.3.1.2.3.         By Application

11.3.1.2.4.         By Industry

11.3.2. South Africa 5G mm Wave Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value 

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Component

11.3.2.2.2.         By Bandwidth

11.3.2.2.3.         By Application

11.3.2.2.4.         By Industry

11.3.3. UAE 5G mm Wave Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value 

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Component

11.3.3.2.2.         By Bandwidth

11.3.3.2.3.         By Application

11.3.3.2.4.         By Industry

12. Market Dynamics

12.1.             Drivers

12.1.1. Increased demand for better consumer experiences

12.1.2. Rapid technological advancements on 5G technology

12.1.3. Advancements in edge computing systems

12.2.             Challenges

12.2.1. High standards and regulations

12.2.2. High cost of deployment

13. Market Trends & Developments

13.1.             Trends and Developments

13.1.1. Adoption of automation and technologies in the various verticals across the globe

13.1.2. Positive impact on 5G mm Wave Market due to covid-19

13.1.3. Growing adoption of IoT (Internet of Things) leading 5G mm Wave technology  

13.1.4. Rise in innovations and developments from market players

13.1.5. Ongoing research and development activities

14. Company Profiles

14.1.             NXP Semiconductors

14.1.1. Business Overview

14.1.2. Key Revenue and Financials (if available)

14.1.3. Recent Developments

14.1.4. Key Personnel

14.1.5. Key Product/Services

14.1.6. SWOT Analysis

14.2.             Airspan Networks

14.2.1. Business Overview

14.2.2. Key Revenue and Financials (if available)

14.2.3. Recent Developments

14.2.4. Key Personnel

14.2.5. Key Product/Services

14.2.6. SWOT Analysis

14.3.             American Telephone and Telegraph

14.3.1. Business Overview

14.3.2. Key Revenue and Financials (if available)

14.3.3. Recent Developments

14.3.4. Key Personnel

14.3.5. Key Product/Services

14.3.6. SWOT Analysis

14.4.             SoftBank Corp

14.4.1. Business Overview

14.4.2. Key Revenue and Financials (if available)

14.4.3. Recent Developments

14.4.4. Key Personnel

14.4.5. Key Product/Services

14.4.6. SWOT Analysis

14.5.             Corning Incorporated

14.5.1. Business Overview

14.5.2. Key Revenue and Financials (if available)

14.5.3. Recent Developments

14.5.4. Key Personnel

14.5.5. Key Product/Services

14.5.6. SWOT Analysis

14.6.             Nokia Corporation  

14.6.1. Business Overview

14.6.2. Key Revenue and Financials (if available)

14.6.3. Recent Developments

14.6.4. Key Personnel

14.6.5. Key Product/Services

14.6.6. SWOT Analysis

14.7.             NTT Docomo  

14.7.1. Business Overview

14.7.2. Key Revenue and Financials (if available)

14.7.3. Recent Developments

14.7.4. Key Personnel

14.7.5. Key Product/Services

14.7.6. SWOT Analysis

14.8.             Huawei Technologies Co., Ltd.

14.8.1. Business Overview

14.8.2. Key Revenue and Financials (if available)

14.8.3. Recent Developments

14.8.4. Key Personnel

14.8.5. Key Product/Services

14.8.6. SWOT Analysis

14.9.             Qualcomm

14.9.1. Business Overview

14.9.2. Key Revenue and Financials (if available)

14.9.3. Recent Developments

14.9.4. Key Personnel

14.9.5. Key Product/Services

14.9.6. SWOT Analysis

14.10.          Verizon Communications Inc

14.10.1.              Business Overview

14.10.2.              Key Revenue and Financials (if available)

14.10.3.              Recent Developments

14.10.4.              Key Personnel

14.10.5.              Key Product/Services

14.10.6.              SWOT Analysis

14.11.          Rakuten Mobile

14.11.1.              Business Overview

14.11.2.              Key Revenue and Financials (if available)

14.11.3.              Recent Developments

14.11.4.              Key Personnel

14.11.5.              Key Product/Services

14.11.6.              SWOT Analysis

14.12.          Samsung

14.12.1.              Business Overview

14.12.2.              Key Revenue and Financials (if available)

14.12.3.              Recent Developments

14.12.4.              Key Personnel

14.12.5.              Key Product/Services

14.12.6.              SWOT Analysis

14.13.          Fujitsu

14.13.1.              Business Overview

14.13.2.              Key Revenue and Financials (if available)

14.13.3.              Recent Developments

14.13.4.              Key Personnel

14.13.5.              Key Product/Services

14.13.6.              SWOT Analysis

14.14.          Renesas Electronics Corporation

14.14.1.              Business Overview

14.14.2.              Key Revenue and Financials (if available)

14.14.3.              Recent Developments

14.14.4.              Key Personnel

14.14.5.              Key Product/Services

14.14.6.              SWOT Analysis

15. Strategic Recommendations

15.1.             Focus on Technologies and Development

15.2.             Focus on New Product Developments

15.3.             Focus on Expanding across End User Industries

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The major market players in the Global 5G mm Wave Market are 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 and many more. The companies are actively investing in the research and development of the 5G technologies Market.

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5G mm Wave is used in Indoor hotspot cells such as Offices, shopping malls, and other indoor areas which require high-density 5G mm Wave microcells. These small cells can support download speeds up to 20 Gbps, providing seamless access to cloud data and the ability to support multiple applications and various forms of entertainment and multimedia.

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The significant advantage of using 5G mm Wave Market is high data speed which transmit enormous amounts of data as well it has a reliable connectivity with data speeds of 4-5 Gbps.

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High Cost is among the most significant challenges for the 5G mm Wave Market.

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Sakshi Bajaal

Business Consultant
Press Release

5G mm Wave Market to Grow With an Exceptional CAGR Through 2028

Feb, 2023

The increase in environment awareness is a significant factor driving the growth of the Global 5G mm Wave market in the forecast period 2024-2028.