New Defense and Aerospace Applications, Autonomous Vehicles, Increase IoT-Based Devices, Use of V-Band Millimeter Wave for Last-Mile Connectivity

 New Defense and Aerospace Applications, Autonomous Vehicles, Increase IoT-Based Devices, Use of V-Band Millimeter Wave for Last-Mile Connectivity

DUBLIN, June 29, 2021 /PRNewswire/ — The “Global Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), License Type (Unlicensed, Fully Licensed), Application (Mobile and Telecom, Automotive), Component, Frequency Band, and Region – Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

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The global millimeter wave technology market size is estimated to grow from USD 1.8 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 20.8%.

An increase in mobile and broadband speeds is one of the main factors driving the growth of the millimeter wave technology market.

The market for communication & networking components is projected to grow at the highest CAGR during the forecast period

Communication and networking components include switches and routers, which are crucial in the telecommunication application. The quest for a viable and low-cost solution for…

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