Technology

Millimeter Wave Technology Market Size to Grow USD 3182 Million by 2030 at a CAGR of 20.6% | Valuates Reports

Published

3 months ago

July 5, 2024

BANGALORE, India, July 5, 2024 /PRNewswire/ — Millimeter Wave Technology Market is Segmented by Type (24GHz – 57GHz, 57GHz – 86GHz, 86GHz – 300GHz), by Application (Communication, Medical, Automobile, Military, Imaging, Other): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The global Millimeter Wave Technology market was valued at USD 832.6 million in 2023 and is anticipated to reach USD 3182 million by 2030, witnessing a CAGR of 20.6% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Millimeter Wave Technology Market:

The market for millimeter wave (mmWave) technology is mainly driven by the growing need for wireless communication at high speeds, especially with the introduction of 5G networks. Faster data transmission rates and reduced latency are made possible by mmWave technology, and these features are essential for applications like IoT devices, augmented reality (AR), virtual reality (VR), and driverless cars. The industry is developing even faster due to the increasing demand for bandwidth-intensive services like improved telephony and high-definition video streaming. Furthermore, the broad deployment of mmWave technology is facilitated by developments in semiconductor technology and the creation of small and effective mmWave components. The market is propelled ahead in large part by regulatory assistance as well as rising expenditures in infrastructure and research.

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TRENDS INFLUENCING THE GROWTH OF THE MILLIMETER WAVE TECHNOLOGY MARKET

One major factor propelling the millimeter wave technology industry is the growing need for fast wireless communication. Faster and more dependable internet access is desperately needed given the growth of data-intensive applications and the proliferation of smart devices. Operating in the 24 GHz to 86 GHz range, millimeter wave technology provides significant bandwidth and fast data transfer rates, which makes it perfect for fulfilling these requirements. Next-generation wireless networks, such as 5G, which are expected to provide previously unheard-of speeds and minimal latency, are made possible by this technology and will help meet the growing demands of contemporary digital communication.

One major element propelling the millimeter wave technology market’s growth is the rollout of 5G networks. For 5G technology to provide high-speed, low-latency connectivity, millimeter waves play a major role. Millimeter wave frequencies are required for 5G infrastructure rollout, including small cells and backhaul solutions. In addition to improving mobile broadband services, this expansion opens up new possibilities for cutting-edge applications like industrial automation, smart cities, and driverless cars. The need for millimeter wave technology is expected to rise significantly as 5G networks are implemented in more nations, driving market expansion.

The market for millimeter wave technology is expanding because of applications that need very high data transfer rates and low latency, which are served by the 57 GHz–86 GHz frequency spectrum. In densely populated areas, this frequency is necessary for backhaul solutions that enable effective communication between small cell networks in 5G infrastructure. It also enables cutting-edge technology including high-resolution radar systems and wireless HD video transmission. The market is being driven ahead by the growing usage of these high-frequency bands for sophisticated communication solutions as well as the demand for improved bandwidth and connection in contemporary applications.

Millimeter wave technology is being more widely used in the automobile sector, especially in advanced driver assistance systems (ADAS) and driverless cars. Adaptive cruise control, blind spot monitoring, and object detection all depend on millimeter wave radar sensors. These sensors deliver high-resolution data and perform well in a variety of weather scenarios, which is crucial for the security and efficiency of autonomous driving systems. The incorporation of millimeter wave technology is becoming more common as the automotive industry strives towards higher levels of vehicle automation and safety features, which is fueling market development.

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MILLIMETER WAVE TECHNOLOGY MARKET SHARE ANALYSIS

The market for millimeter wave technology is dominated by North America due to the region’s early adoption of cutting-edge innovations and massive expenditures in 5G infrastructure. The U.S. is home to several R&D operations and significant technological businesses, both of which support market expansion. The dominance of the region is further reinforced by government measures aimed at improving communication networks and the growing demand for high-speed internet services. The extensive use of millimeter wave technology in industries including healthcare, automotive, and telecommunications strengthens North America’s position as the industry leader.

Key Players:

BridgeWave CommunicationsKeysight TechnologiesNECSAGE MillimeterSiklu CommunicationAviat NetworksFarran TechnologyMillimeter Wave ProductsMillivision TechnologiesVubiq NetworksE-Band CommunicationsSmiths GroupL3 TechnologiesProxim Wireless

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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!

– Millimeter Wave Radar Level Measuring Instrument Market

– 77G Millimeter Wave Radar Market

– The global Millimeter Wave Absorbing Materials market was valued at USD 56 million in 2023 and is anticipated to reach USD 86.7 million by 2030, witnessing a CAGR of 5.7% during the forecast period 2024-2030.

– The global market for Millimeter Wave Absorber was estimated to be worth USD 49 million in 2023 and is forecast to a readjusted size of USD 107.6 million by 2030 with a CAGR of 5.7% during the forecast period 2024-2030

– Millimeter Wave Measuring Instrument Market

– The global Automotive Millimeter Wave (MMW) Radar market size is expected to reach USD 11710 million by 2029, growing at a CAGR of 4.3% from 2023 to 2029.

– The global Test and Measurement Equipment market was valued at USD 11810 million in 2023 and is anticipated to reach USD 18710 million by 2030, witnessing a CAGR of 6.4% during the forecast period 2024-2030.

– The global market for 60GHz mmWave Radar was estimated to be worth USD 24 million in 2023 and is forecast to a readjusted size of USD 275.8 million by 2030 with a CAGR of 38.3% during the forecast period 2024-2030

– 4D mmWave Radar Chip Market

– The global Wave Power Generation Equipment market was valued at USD 27 million in 2023 and is anticipated to reach USD 118.7 million by 2030, witnessing a CAGR of 21.1% during the forecast period 2024-2030.

– Wave Pools Market

– Bulk Acoustic Wave Devices Market

– Wave Energy Converters Market

– The global Strain Wave Gearing Devices market was valued at USD 427 million in 2023 and is anticipated to reach USD 882.7 million by 2030, witnessing a CAGR of 10.8% during the forecast period 2024-2030.

– The global Bulk Acoustic Wave Delay Line market was valued at USD 187 million in 2023 and is anticipated to reach USD 286.1 million by 2030, witnessing a CAGR of 5.8% during the forecast period 2024-2030.

– The global Surface Acoustic Wave Filter market was valued at USD 4814 million in 2023 and is anticipated to reach USD 8359.6 million by 2030, witnessing a CAGR of 8.5% during the forecast period 2024-2030.

– The global renewable energy market was valued at USD 881.7 billion in 2020, and is projected to reach USD 1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030.

– The global Backward Wave Oscillator market is projected to reach USD 18 million in 2029, increasing from USD 13 million in 2022, with the CAGR of 4.2% during the period of 2023 to 2029.

– The global Traveling Wave Tubes (TWT) revenue was USD 764.4 million in 2022 and is forecast to a readjusted size of USD 1044 million by 2029 with a CAGR of 4.5% during the forecast period (2023-2029).

– The global Strain Wave Gearing Devices revenue was USD 427 million in 2022 and is forecast to a readjusted size of USD 882.7 million by 2029 with a CAGR of 10.8% during the forecast period (2023-2029).

– Millimeter Wave Connectors Market

– Automotive Millimeter Wave 4D Radar Market

– Millimeter Wave Oscillator Market

– The global market for Millimeter Wave RF Modules was estimated to be worth USD 122 million in 2023 and is forecast to a readjusted size of USD 3657.7 million by 2030 with a CAGR of 61.7% during the forecast period 2024-2030

– Automobile Millimeter Wave Compatible Emblem Market

– Millimeter Wave Sensors and Modules

– Millimeter Wave Human Body Security Screening Equipment Market

– Automotive Millimeter Wave Radar PCB Market

– Millimeter Wave Body Scanner Market

– Millimeter Level Cable Seal Market

– Millimeter Wave Radar for Smart Elderly Care Market

– The global 77 GHz Automotive Millimeter Wave Radar PCB market was valued at USD 187 million in 2023 and is anticipated to reach USD 473 million by 2030, witnessing a CAGR of 13.5% during the forecast period 2024-2030.

– 4D Millimeter Wave Imaging Radar Market

– Vehicle 4D Millimeter Wave Radar Market

– 5G Millimeter Wave Radio Frequency Chips Market

– Millimeter Wave Radar Circuit Board Market

– Millimeter Wave Radar Semiconductor Sensor Market

– Millimeter Wave Frequency Converter Market

– Millimeter Wave Ceramic Dielectric Resonators Market

– Portable Millimeter Wave Therapeutic Device Market

– The global Millimeter Wave Active Phased Array Antenna market is projected to reach USD 549.4 million in 2029, increasing from USD 396 million in 2022, with the CAGR of 5.0% during the period of 2023 to 2029.

– Calibrated Variable Waveguide Attenuators Market

– Stage Micrometer Market

– Variable Waveguide Attenuators Market

– The global RF Front End MMIC market was valued at USD 9013.5 million in 2023 and is anticipated to reach USD 23980 million by 2030, witnessing a CAGR of 15.0% during the forecast period 2024-2030.

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Technology

PEAC Institute Launches “24 Hour Pause for Peace: A Global Concert”

Published

17 mins ago

September 21, 2024

24 Hour Pause for Peace Will Be the Largest Peace Initiative Ever Worldwide, Unifying 96 Countries on Six Continents Through Music

MONTCLAIR, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — On this International Day of Peace, PEAC Institute, part of the 2017 Nobel Peace Prize winning team, has launched “24 Hour Pause for Peace: A Global Concert,” the largest peace initiative ever organized worldwide through music.

“Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.”

On October 4, 2025, this ground-breaking program will activate a massive network of youth ensembles that spans 96 countries and territories across six continents and host two 24-hour commercial festivals featuring some of the biggest acts in music and entertainment. This extraordinary day-long event will be live-streamed globally, allowing millions to participate simultaneously.

“It has been 40 years since Live Aid and We Are the World historically unified and changed the world through music,” said Rebecca Irby, president and CEO of PEAC Institute. “With our planet riddled with post-pandemic fatigue, climate chaos, unsettling wars and more, we believe it is time to create a new trajectory for humanity by inviting everyone around the globe to a 24 hour pause for peace to enjoy the sounds of music and feel the transformative power of human connection,” Irby explained.

Additionally, 24 Hour Pause for Peace plans to amass more than 100 million ambassadors to sign an appeal to the United Nations calling for a 24 hour ceasefire during the children’s concerts and commercial music events. All countries are welcome to participate with no exceptions. One of Pause for Peace’s core beliefs is everyone has the right to be equally respected and heard, particularly in collectively calling for peace.

“Achieving this ambitious global endeavor requires the support and participation from the most impactful brands, organizations, and influential leaders, artists and celebrities,” said Jennifer McKenna, 24 Hour Pause for Peace CEO.

Pause for Peace is a $165 million global initiative. Currently, it is in its first phase of raising seed capital through consumer brand-aligned sponsorships and private donors. Funding for the program is tax-deductible through PEAC’s 501(c)(3) status.

“We have assembled an exceptional executive team of change agents in entertainment, production, consumer marketing, charitable development and global security to make this extraordinary, worldwide peace event happen.” McKenna added. “Now, we need companies, government entities, other nonprofits and donors who care about our cause for peace to join us in lifting up the biggest event of this generation.” To become involved in 24 Hour Pause for Peace: A Global Concert as a sponsor, partner or donor, sign up to be an Ambassador, or for more information, go to www.24hourpauseforpeace.org.

About PEAC Institute

PEAC Institute is a 501(c)(3) nonprofit organization based in the United States. PEAC stands for peace, education, art and communication. It was formed in 2016 through a campaign with partner organization, International Campaign to Abolish Nuclear Weapons (ICAN), which garnered a 2017 Nobel Peace Prize. PEAC now holds special consultative status with the Economic and Social Council of the United Nations and has a global presence working with countries and territories worldwide to reach the most marginalized youth through art and communication activities to help them explore and express. For more information on PEAC Institute, go to www.peacinstitute.org.

Media Contact

Chadwick Boyd, Pause for Peace, 1 4046060611, chadwick@24hourpauseforpeace.org, www.24hourpauseforpeace.org

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SOURCE Pause for Peace

Technology

Global Times: China opens 12 nuclear research facilities to global scientists

Published

1 hour ago

September 21, 2024

The involved facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

VIENNA, Sept. 21, 2024 /PRNewswire/ — China will open 12 nuclear research facilities and testing platforms to international scientists and institutions to enhance global cooperation, a senior Chinese official said here on Monday.

These include the China Advanced Research Reactor, the new-generation tokamak device Huanliu-3, and the Beishan Underground Research Laboratory, Liu Jing, vice chairman of the China Atomic Energy Authority (CAEA), said at a meeting on the sidelines of the International Atomic Energy Agency’s (IAEA) annual general conference.

The facilities span areas such as basic nuclear research, isotope production, nuclear environment simulation, equipment testing, and radioactive waste treatment and disposal.

Monday’s meeting, themed “Share for Development,” was organized by the CAEA to promote international cooperation in nuclear technology research and development, as China marks the 40th anniversary of its accession to the IAEA.

Yu Jianfeng, chairman of China National Nuclear Corporation, said at the event that the company aims to deepen cooperation with the IAEA and expand international collaboration. He expressed hope that opening China’s nuclear research facilities will contribute to advancing nuclear technology globally.

IAEA’s Deputy Director General Mikhail Chudakov commended China’s remarkable achievements in nuclear energy development and highlighted the long-standing, fruitful relationship between the IAEA and the CAEA.

Welcoming China’s decision to open up more of its nuclear research and development facilities, Chudakov said the move will further strengthen the agency’s technical capacity to support its member states.

On Monday evening, the CAEA and China’s permanent mission to the United Nations (UN) and other international organizations in Vienna jointly held a reception at the UN headquarters in Vienna to celebrate the 40th anniversary of China’s accession to the IAEA. More than 200 participants, including IAEA representatives and foreign envoys to Vienna, attended the event.

Li Song, China’s permanent representative to the UN and other international organizations in Vienna, said at the reception that China and the IAEA have expanded practical cooperation and jointly promoted the development of nuclear energy over the past 40 years.

China, he said, will continue to strengthen collaboration with the IAEA and its member states to address emerging challenges in international security, safeguard the global non-proliferation regime, and promote the use of nuclear energy and technology for the benefit of the Global South.

At the reception, Liu, Li and IAEA Director General Rafael Grossi jointly unveiled a bronze statue of Qian Sanqiang, a renowned Chinese nuclear physicist and one of the founders of China’s nuclear industry.

The statue, donated by China, will be permanently displayed at the IAEA headquarters, alongside sculptures of Polish-French physicist Marie Curie and other prominent figures who have made significant contributions to the peaceful use of nuclear energy.

Contact: xutianshu@globaltimes.com.cn

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SOURCE Global Times

Technology

The Ar-King of Spirits: Ed Arking’s Impact on the Liquor Industry

Published

2 hours ago

September 21, 2024

In the interest of providing luxury liquors in a convenient and stress-free format, Served Neat was born. When asked about his intentions for the company, Ed states, “My goal with Served Neat is to create a one-stop shop where customers can easily discover these rare gems.”

MOORESTOWN, N.J., Sept. 21, 2024 /PRNewswire-PRWeb/ — Served Neat is an emerging online platform with a curated selection of some of the world’s most popular luxury spirits. The website offers daily flash deals that highlight a variety of high-end international brands including Pappy Van Winkle, Buffalo Trace, Clase Azul, and more.

“While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Ed and Joe Arking, the father-son team behind the concept of Served Neat, have decades of experience hand-selecting and supplying sought-after liquors. Ed Arking, CEO of New Jersey’s Roger Wilco, grew up in the world of wine and spirits and formed his own business aspirations.

“Growing up, I watched my father navigate and succeed in the ever-evolving wine and spirits industry,” Ed explains. “While I always aspired to create something similar, I knew I needed to wait for the right moment.” Ed has gone on to manage his own liquor store and lead projects for up-and-coming brands, such as the vodka-infused and non-carbonated Smooth Water.

As he evolved in his career, Ed discovered the perfect time to make his lifelong vision a reality. He recalls, “I noticed a gap in the market—especially for whiskey and tequila. These categories have surged in popularity, making it difficult for the everyday consumer to find those elusive sought-after allocated bottles.”

When it comes to Served Neat, quality and knowledge is key. Ed adds, “While there are websites selling spirits, none have the decades of experience that we bring from WTSO. Served Neat will offer not only incredible bottles but also the best customer service in the industry.”

Served Neat is the sister company to WTSO and The Wine Market, two online platforms dedicated to sourcing and distributing top-notch wines from every corner of the globe.

At The Wine Market, an online marketplace for the world’s most popular wine brands, convenience and quality are key. Each bottle in their curated collection is a testament to exceptional flavor and craftsmanship.

Since 2006, WTSO has enjoyed creating a unique wine experience and sharing it with new beginners and seasoned connoisseurs alike. Using an extensive network of wineries and wine makers, WTSO connects customers to thousands of brands from top wine appellations around the globe. The strong relationships they’ve formed within the wine world allow the business to deliver authentic and high-quality bottles to homes across the United States.

Wine and spirits lovers alike are invited to explore Served Neat, WTSO, and The Wine Market to find their next favorite bottle. Visit their websites to learn more about these one-of-a-kind online marketplaces!

Media Contact

Julie Blount, WTSO, 1 8669572795, marketing@wtso.com

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SOURCE WTSO