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5G mm Wave Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Component (Hardware, Solutions and Services), By Bandwidth (24Ghz to 57Ghz, 57Ghz to 95Ghz, and 95Ghz to 300Ghz), By Application, (Real time surveillance cameras, AR/VR, Industry 4.0, Live Streaming, Ultra-High-Definition Video, Transport Connectivity, Others), By Industry (Aerospace and Defense, Telecom, Automotive and Transportation, Public safety, Healthcare and Life science, Media and Entertainment, and Others), By Region, By Competition

September 2023 | 180 pages | ID: 509C8B74118FEN
TechSci Research

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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.

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.

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:
    • Hardware
    • Solutions
    • Services
  • Global 5G mm Wave Market, By Bandwidth:
    • 24Ghz to 57Ghz
    • 57Ghz to 95Ghz
    • 95Ghz to 300Ghz
  • Global 5G mm Wave Market, By Application:
    • Real time surveillance cameras
    • AR/VR
    • Industry 4.0
    • Live Streaming
    • Ultra-High-Definition video
    • Transport Connectivity
    • Others
  • Global 5G mm Wave Market, By Industry:
    • Aerospace and Defense
    • Telecom
    • Automotive and Transportation
    • Public Safety
    • Healthcare and Life science
    • Media and Entertainment
    • Others
  • Global 5G mm Wave Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • China
      • Australia
    • Europe
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • 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).
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


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
6.3. By Company (2022)
6.4. Market Map

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
  9.3.5. Spain 5G mm Wave Market Outlook
    9.3.5.1. Market Size & Forecast
      9.3.5.1.1. By Value
    9.3.5.2. Market Share & Forecast
      9.3.5.2.1. By Component
      9.3.5.2.2. By Bandwidth
      9.3.5.2.3. By Application
      9.3.5.2.4. 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
  14.1.3. Recent Developments
  14.1.4. Key Personnel
  14.1.5. Key Product/Services Offered
14.2. Airspan Networks
  14.2.1. Business Overview
  14.2.2. Key Revenue and Financials
  14.2.3. Recent Developments
  14.2.4. Key Personnel
  14.2.5. Key Product/Services Offered
14.3. American Telephone and Telegraph
  14.3.1. Business Overview
  14.3.2. Key Revenue and Financials
  14.3.3. Recent Developments
  14.3.4. Key Personnel
  14.3.5. Key Product/Services Offered
14.4. SoftBank Corp
  14.4.1. Business Overview
  14.4.2. Key Revenue and Financials
  14.4.3. Recent Developments
  14.4.4. Key Personnel
  14.4.5. Key Product/Services Offered
14.5. Corning Incorporated
  14.5.1. Business Overview
  14.5.2. Key Revenue and Financials
  14.5.3. Recent Developments
  14.5.4. Key Personnel
  14.5.5. Key Product/Services Offered
14.6. Nokia Corporation
  14.6.1. Business Overview
  14.6.2. Key Revenue and Financials
  14.6.3. Recent Developments
  14.6.4. Key Personnel
  14.6.5. Key Product/Services Offered
14.7. NTT Docomo
  14.7.1. Business Overview
  14.7.2. Key Revenue and Financials
  14.7.3. Recent Developments
  14.7.4. Key Personnel
  14.7.5. Key Product/Services Offered
14.8. Huawei Technologies Co., Ltd.
  14.8.1. Business Overview
  14.8.2. Key Revenue and Financials
  14.8.3. Recent Developments
  14.8.4. Key Personnel
  14.8.5. Key Product/Services Offered
14.9. Qualcomm
  14.9.1. Business Overview
  14.9.2. Key Revenue and Financials
  14.9.3. Recent Developments
  14.9.4. Key Personnel
  14.9.5. Key Product/Services Offered
14.10. Verizon Communications Inc
  14.10.1. Business Overview
  14.10.2. Key Revenue and Financials
  14.10.3. Recent Developments
  14.10.4. Key Personnel
  14.10.5. Key Product/Services Offered
14.11. Rakuten Mobile
  14.11.1. Business Overview
  14.11.2. Key Revenue and Financials
  14.11.3. Recent Developments
  14.11.4. Key Personnel
  14.11.5. Key Product/Services Offered
14.12. Samsung
  14.12.1. Business Overview
  14.12.2. Key Revenue and Financials
  14.12.3. Recent Developments
  14.12.4. Key Personnel
  14.12.5. Key Product/Services Offered
14.13. Fujitsu
  14.13.1. Business Overview
  14.13.2. Key Revenue and Financials
  14.13.3. Recent Developments
  14.13.4. Key Personnel
  14.13.5. Key Product/Services Offered
14.14. Renesas Electronics Corporation
  14.14.1. Business Overview
  14.14.2. Key Revenue and Financials
  14.14.3. Recent Developments
  14.14.4. Key Personnel
  14.14.5. Key Product/Services Offered

15. STRATEGIC RECOMMENDATIONS


16. ABOUT US & DISCLAIMER


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