According to a market report by Lucintel, the future of the global Mmwave 5G market looks promising with opportunities in the aerospace & defense, telecom, media & entertainment, automotive & transportation, public safety, and healthcare & life science markets. The global mmWave 5G market is expected to reach an estimated $6.4 billion by 2030 with a CAGR of 13.8% from 2024 to 2030. The major drivers for this market are increasing demand for high-speed data connectivity, growing adoption of 5G by businesses and consumers, and rising government support for 5G development.

A more than 150 – page report is developed to understand trends, opportunity and forecast in mmWave 5G market to 2030 by component (hardware, software, and services), use case (eMBB, FWA, mMTC, and urllc), application (real-time survilliance cameras, AR/VR, industry 4.0, live streaming, transport connectivity, ultra high-defination video, and others), end use (aerospace & defense, telecom, media & entertainment, automotive & transportation, public safety, healthcare & life sciences, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

In this market, real-time survilliance cameras, AR/VR, industry 4.0, live streaming, transport connectivity, and ultra high-defination video are the major segments of mmWave 5G market by application. Lucintel forecasts that AR/VR is expected to witness highest growth over the forecast period due to rising adoption of AR/VR in healthcare, gaming, education, and architectural visualization.

Within this market, telecom is expected to remain the largest segment due to increasing demand from increasing demand of high-speed mobile internet from various commerical sectors.

North America will remain the largest region during the forecast period due to the early adoption of new technologies in the USA and the presence of major telecommunications companies.

NXP Semiconductors, Airspan Networks, AT&T, Fastweb, Softbank, Corning, Nokia, Mavenir, NTT Docomo, and AMD are the major suppliers in the mmWave 5G market.

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This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]