mmWave 5G Market Share

North American Market Forecast

mmWave 5G market in North America is anticipated to hold the largest share of about 46% by the end of 2037. The market growth in the region is expected on account of significant advancements like Verizon’s deployment of over 130,000 O-RAN capable radios, including massive MIMO units, across 15,000 virtualized sites. Verizons strategic acquisition of Verena networks enhances their trajectory in resolving mmWave 5G challenges, contributing to expansive network growth. Verena’s platform mitigates the need for separate wired backhauls by integrating access and backhaul in a single mmWave antenna, streamlining installations, and solidifying North America’s leadership in the global 5G landscape.   

APAC Market Analysis

The Asia Pacific mmWave 5G market is estimated to be the second largest, share of about 23% by the end of 2037. The market’s expansion can be attributed majorly to the evolving regulatory framework that supports 5G advancements. For instance, Qualcomm technologies incorporation, achieved a milestone with its 5G standalone (SA) mmWave performance, facilitating wider commercial mmWave deployment. With the global internet user base expanding, 5G SA mmWave is set to unlock new capabilities for more sectors and users. The Qualcomm snapdragon X65 5G modern-RF systems demonstrated its prowess by achieving over 7.1 Gbps download speed and 2.1 Gbps upload speed in tests conducted with ZTE, nokia shanghai bell, and CICT mobile’s network infrastructure, guided by China Academy of Information and Communication Technology (CAICT) and China’s IMT-2020 5G promotion group.