The Future of Millimeter Wave Tech: What You Need to Know

The market for millimeter wave technology is booming, with experts predicting a big jump from 2. 6 billion dollars in 2024 to 14. 8 billion by 2032. This growth is driven by the need for super-fast data networks, especially with the rollout of 5G and beyond. Millimeter wave tech is not just about faster internet. It's also making waves in the automotive industry, helping cars drive themselves and avoid crashes. Plus, the military is using it for secure communications and advanced radar systems.But it's not all smooth sailing. Setting up the infrastructure for this technology is expensive. Plus, signals can get weak when they hit obstacles like buildings or bad weather. And there's not enough spectrum to go around, which could slow things down. North America is leading the pack right now, thanks to early adoption of 5G and big investments in research. But other regions are catching up fast. Key players in the market include Qualcomm, NEC, and Keysight Technologies. They're all working on new components and systems to make the most of this technology.