mmWave 5G Market Report: Trends, Forecast and Competitive Analysis to 2030

mmWave 5G Trends and Forecast

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 help in your business decisions.

mmWave 5G by Segment

The study includes a forecast for the global mmWave 5G by component, use case, application, end use, and region.

mmWave 5G Market by Component [Shipment Analysis by Value from 2018 to 2030]:

• Hardware
• Software
• Services

mmWave 5G Market by Use Case [Shipment Analysis by Value from 2018 to 2030]:

• eMBB
• FWA
• mMTC
• URLLC

mmWave 5G Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Real-Time Survilliance Cameras
• AR/VR
• Industry 4.0
• Live Streaming
• Transport Connectivity
• Ultra High-Defination Video
• Others

mmWave 5G Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Aerospace & Defense
• Telecom
• Media & Entertainment
• Automotive & Transportation
• Public Safety
• Healthcare & Life Sciences
• Others

mmWave 5G Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of mmWave 5G Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies mmWave 5G companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the mmWave 5G companies profiled in this report include-

• NXP Semiconductors
• Airspan Networks
• AT&T
• Fastweb
• Softbank
• Corning
• Nokia
• Mavenir
• NTT Docomo
• AMD

mmWave 5G Market Insights

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.

Features of the Global mmWave 5G Market

Market Size Estimates: Mmwave 5g market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Mmwave 5g market size by various segments, such as by component, use case, application, end use, and region in terms of value ($B).

Regional Analysis: Mmwave 5g market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different components, use cases, applications, end uses, and regions for the mmWave 5G market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the mmWave 5G market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the mmWave 5G market size?

Answer: The global mmWave 5G market is expected to reach an estimated $6.4 billion by 2030.

Q.2 What is the growth forecast for mmWave 5G market?

Answer: The global mmWave 5G market is expected to grow with a CAGR of 13.8% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the mmWave 5G market?

Answer: 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.

Q4. What are the major segments for mmWave 5G market?

Answer: The future of the mmWave 5G market looks promising with opportunities in the aerospace & defense, telecom, media & entertainment, automotive & transportation, public safety, and healthcare & life science markets.

Q5. Who are the key mmWave 5G market companies?

Answer: Some of the key mmWave 5G companies are as follows:

• NXP Semiconductors
• Airspan Networks
• AT&T
• Fastweb
• Softbank
• Corning
• Nokia
• Mavenir
• NTT Docomo
• AMD

Q6. Which mmWave 5G market segment will be the largest in future?

Answer: 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.

Q7. In mmWave 5G market, which region is expected to be the largest in next 5 years?

Answer: 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.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the mmWave 5G market 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)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?