Product ID: SQMIG50C2034
Report ID:
SQMIG50C2034 |
Region:
Global |
Published Date: February, 2024
Pages:
177
|
Tables:
62 |
Figures:
77
In 2022, North America held a commanding 42.0% revenue share in the millimeter wave technology market. The expansion of technological adoption in the region can be credited with the rise of the North American millimeter wave technology market. North American nations like the U.S. and Canada are well-known for being early adopters of cutting-edge and new technologies. In addition, the area is home to a number of significant market players who are fostering the region's development. Therefore, these elements open up prospects for MMW technology in many applications in the region, driving its growth during the projection period.
Over the forecast period, growth in Asia Pacific is anticipated to be the fastest. The expansion and modernization of its telecom infrastructures are to blame for the Asia Pacific region's explosive growth. A higher demand for MMW technology is also brought on by the quick adoption of 5G technology in significant nations like South Korea and India. Additionally, it is anticipated that installing new millimeter wave-based telecom equipment will significantly accelerate industry growth in the region.
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Product ID: SQMIG50C2034