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mmWave 5G Market worth $4.9 billion by 2027 - Exclusive Report by MarketsandMarkets™CHICAGO, Aug. 17, 2022 /PRNewswire/ -- mmWave 5G Market size is expected to grow from USD 2.5 billion in 2022 to USD 4.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period, according to a new report by MarketsandMarkets™. The enterprises are adopting mmwave 5G technology as it offers the capacity to deliver higher bandwidth as compared to other alternate technologies which is driving the demand mmwave 5G solutions.  Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=97572075 Browse in-depth TOC on "mmWave 5G Market" The hardware segment is expected to lead the mmWave 5G Market in 2022 The 5G mmWave hardware consists of antennas and transceiver components; communication and networking components; frequency sources and related components; RF and radio components; sensors and controls; power and battery components; and other hardware, such as imaging components, interface components, waveguide components, and filters and detectors. The mmWave transceiver system is an SDR platform for constructing mmWave applications, which consists of system prototyping. It gives users permission to access a flexible hardware platform and application software that enables real time over air mmWave communications research. 95GHZ TO 300GHZ segment is expected to grow with the fastest growth rate during the forecast period. mmWave originates from the wavelength of radio signals on frequencies between 30GHz and 300GHz, which ranges between 1 and 10 millimeters. At these frequencies, radio signals diminish more rapidly with distance than at other frequencies, and antennas that can closely focus transmitted energy that is of small size. The limited range of such transmissions might appear to be a major drawback for many applications. It does enable the reuse of frequencies within very short distances and, hence enables a higher concentration of transmitters to be situated in a geographical area than is possible at lower frequencies. Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=97572075 Telecom likely to emerge as the fastest-growing segment during the forecast period. 5G makes t feasible to allocate high bands above 24GHz for telecom infrastructure. The accessibility of the new spectrum is conditional upon regulators releasing the spectrum for use by service providers. Spectrum allocations for mmWave are often extremely wide, with 800 MHz or more per service provider and band. This enables high-capacity delivery and improved handling of peak rates. Wide radio carriers are specified for the high band to be used within wide spectrum allocations. These wide carriers facilitate shorter transmission time intervals and lower radio-interface latency to facilitate the introduction of and support for low-latency-sensitive applications. The Asia Pacific segment is expected to grow with the fastest growth rate during the forecast period. The growth of the mmWave 5G Market in the Asia Pacific is highly driven by the rapid digitalization of enterprises across the region. The region comprises emerging economies such as India, Japan, China, South Korea, and Australia. Countries in the Asia Pacific region have been at the forefront of many mobile technologies, from the first 3G network launch in Japan to the first commercial 5G networks in South Korea. Market Players The major vendors covered in the mmWave 5G Market include NXP Semiconductors (Netherlands), Airspan Networks (US), AT&T (US), Fastweb (Italy), SoftBank (Japan), Corning (US), Nokia (Finland), Mavenir (US), NTT DOCOMO (Japan), AMD (California), Huawei (China), Qualcomm (US), Ericsson (Sweden), Verizon Communications Inc. (US), Rakuten Mobile (Japan), Singtel (Singapore), Samsung (South Korea), Fujitsu (Japan), Renesas Electronics Corporation (Japan), Keysight Technologies (US), Movandi (US), JMA Wireless (US), Sivers Semiconductors (Sweden), ALCAN systems (Germany), Verana Networks (US), Pivotal Commware (US), and Pharrowtech (Belgium). Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=97572075 Browse Adjacent Market: Mobility & Telecom Market Research Reports & Consulting Related Reports: 5G Services Market by End User (Consumers and Enterprises), Enterprise (Manufacturing, Media and Entertainment, Transportation and Logistics, Government), Application, Communication Type (eMBB, MMTC, URLLC, and FWA), and Region - Global Forecast to 2026 Small Cell 5G Network Market by Component (Solutions and Services), Radio Technology (5G NR (Standalone and Non-standalone)), Cell Type (Picocells, Femtocells, and Microcells), Deployment Mode, End User, and Region - Global Forecast to 2025 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. 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