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5G mm Wave Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

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  • 180 Pages
  • September 2023
  • Region: Global
  • TechSci Research
  • ID: 5877535
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Global 5G mm wave market is anticipated to develop rapidly in the forecast period 2024-2028

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The 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
  • Asia-Pacific
  • Europe
  • South America
  • Middle East & Africa

Competitive Landscape

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

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Table of Contents

1. Service Overview2. Research Methodology3. Impact of COVID-19 on the Global 5G mm Wave Market4. Executive Summary5. 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 Recommendations16. About the Analyst & Disclaimer

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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

Table Information

Report AttributeDetails
No. of Pages180
PublishedSeptember 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 3.7 Billion
Forecasted Market Value ( USD ) by 2028 $ 9.22 Billion
Compound Annual Growth Rate16.4%
Regions CoveredGlobal

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