Global Telecom Millimeter Wave (MMW) Technology Market to Reach $28.7 Billion by 2030
The global market for Telecom Millimeter Wave (MMW) Technology estimated at US$3.6 Billion in the year 2023, is expected to reach US$28.7 Billion by 2030, growing at a CAGR of 34.5% over the analysis period 2023-2030. E-Band Telecom MMV, one of the segments analyzed in the report, is expected to record a 35.7% CAGR and reach US$23.2 Billion by the end of the analysis period. Growth in the V-Band Telecom MMV segment is estimated at 28.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 33.1% CAGR
The Telecom Millimeter Wave (MMW) Technology market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.6 Billion by the year 2030 trailing a CAGR of 33.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 30.7% and 29.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 23.8% CAGR.
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