How the Burgeoning Innovation in Radar and Security Applications is Accentuating Millimeter Wave Technology Market?
The factors such as the introduction of advanced MMW technology by the market leader, surging internet penetration, burgeoning innovation in radar and security application, and rising government funding to enhance telecom infrastructural are augmenting the market growth. The rollout of 5G and high investment toward 5G infrastructure is the primary factor for the astronomical market growth. Global Millimeter Wave Technology Market is likely to grow at a CAGR of 36% during 2021-26. The escalating need for high-speed network & higher bandwidth, soaring application of MMW technology in military & aerospace, and mounting R&D activities are the crucial factors accelerating the market growth. Based on License Type, Fully Licensed would register an astronomical growth in the coming years due to robust growth in smartphone users and snowballing adoption of fully licensed technology by the telecom sector. Moreover, Unlicensed Frequency captured the highest market share ...