According to the research report, the ‘Millimetre Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), Licence Type (Unlicenced, Fully Licenced), Application (Mobile and Telecom, Automotive), Component, Frequency Band, and Region - Global Forecast to 2026’, published by MarketsandMarkets, the market size is estimated to grow from USD 1.8 billion in 2021 to USD 4.7 billion by 2026, at a CAGR of 20.8%.
Rising adoption of millimetre waves in the telecommunication sector is one of the main factors fuelling the growth of this market.
