The article cited AMA's Global Millimeter Wave Technology Market Study explored substantial growth with CAGR of 37.1%. According the report, Substantial demand in the use of millimeter-wave technology in security and radar applications is one of the primary growth factors for the market. Increase in broadband and mobile speeds with growing utility and demand is also expected to contribute significantly to the Millimeter Wave Technology market. Overall, Mobile & telecom applications of Millimeter Wave Technology, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Axxcss Wireless Solutions (United States), Keysight Technologies (United States), NEC Corporation (Japan), Eravant (United States), Siklu Communication (Japan), Aviat Networks (United States), Farran Technologies (Ireland), L3HARRIS (United States), Smiths Group (United Kigdom) and Millimeter Wave Products (United States) may see astonishing sales in this Market and certainly improve revenue growth.

The Frequency Band, such as 24–57 GHz, is boosting the Millimeter Wave Technology market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Product, such as Scanner systems, is boosting the Millimeter Wave Technology market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The License Type, such as Light licensed frequency millimeter wave, is boosting the Millimeter Wave Technology market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Component, such as Antennas & transceiver components, is boosting the Millimeter Wave Technology market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Millimeter Wave Technology market identified that the demand is rising in many different parts of the world as "Increase in usage of 5G and millimeter-wave technology ". Furthermore, some recent industry insights like "In April 2019, NEC and Ceragon, a company that delivers innovative wireless backhaul solutions, collaborated to enhance the technologies and solutions for 5G wireless backhaul in the microwave and millimeter-wave spectrum. This collaboration helps NEC to access solutions that are different from their own solutions and technologies." is constantly making the industry dynamic. One of the challenges that industry facing is "Non-uniform licensing approach"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Millimeter Wave Technology market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Millimeter Wave Technology market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Millimeter Wave Technology market tight?
• Which application/end-user category or Product Type [] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Millimeter Wave Technology market and other related sub-markets covered in the study.

o Key & emerging players in the Millimeter Wave Technology market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Millimeter Wave Technology market size is calculated using market estimation process, the Millimeter Wave Technology market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Millimeter Wave Technology market size has been validated using both top-down and bottom-up approaches.