Millimeter Wave Technology Market Expected To Grow With USD 38.55 Billion By 2030
San Francisco, 4 April 2024: The Report Millimeter Wave Technology Market Size, Share & Trends Analysis Report By Product, By Component, By Frequency Band, By Application, By Region, And Segment Forecasts, 2024 - 2030 The global millimeter wave technology market size is anticipated to reach USD 38.55 billion by 2030, growing at a CAGR of 39.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Millimeter waves are radio frequencies operating in the electromagnetic spectrum of 30 GHz to 300GHz, also known as Extremely High-Frequency (EHF) range. As millimeter waves can transmit large amounts of data with greater efficiency, they hold a significant application across the telecommunication industry. Fiber-optic cables are one of the best transmission mediums used extensively for data transmission. However, the fiber optics technology is extremely costly, and the network is highly tedious to install, posing the millimeter wave technology as an appealing alte