Allied Market Research released a report titled “5G mmWave Technology Market” on February 14, 2024. It covers components, products, frequency bands, applications, and forecasts for this market from 2022-2032. The global 5G mmWave technology market was valued at $2.58 billion in 2022 and is anticipated to reach $10.1 billion by 2032, with a CAGR of 14.7%. The report projects that the antennas and transceiver components segment will dominate the market in terms of revenue, with the telecommunication equipment segment leading by 2032. North America held the largest share of the market in 2022, with the Asia-Pacific region expected to experience the fastest CAGR from 2023-2032. The report also includes information on key industry developments, benefits for stakeholders, and detailed market segments. Key players in the market include Huawei Technologies Co., Ltd., Samsung Electronics Co., Ltd., and Telefonaktiebolaget LM Ericsson. All information is available for reference or inquiry on the Allied Market Research website.
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