Semiconductor and Electronics

According to the new market research report " Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), Frequency Band, License Type, Application (Mobile and Telecom, Military, Defense, and Aerospace, Automotive), and Geography - Global Forecast to 2023" , this market is expected to be worth USD 2,302.6 Million by 2023, at a CAGR of 35.2% between 2017 and 2023. The major factors driving the growth of the millimeter wave  technology industry include the surge in mobile data traffic with bandwidth-intensive  applications, use in the small-cell  backhaul network, demand for innovative application of radar and security  products, and potential use in consumer electronics. Telecommunication equipment expected to hold the largest market size by 2023 Millimeter wave technology-based telecommunication equipment held the largest market share in 2016. This is attributed to the surge in the number of mobile subscribers, resulti...

According to the new market research report " Test and Measurement Equipment Market by Product (General Purpose Test Equipment and Mechanical Test Equipment), Service (Calibration Services, and Repair Services/After-Sales Services), Application, and Geography - Global Forecast to 2023" , the market is expected to grow from USD 23.51 Billion by 2017 to USD 28.98 Billion by 2023, at a CAGR of 3.55% between 2017 and 2023. The market has a huge potential for growth in various end-use applications such as healthcare, IT and telecommunications, and automotive. The growth of the test and measurement equipment market is driven by the increasing technological advancement toward networking and communication, increased R&D spending, and increased penetration of modular instrumentation. Moreover, the development of 5G mobile network and rapid penetration of IoT devices are some of the opportunities for the growth of the test and measurement equipment market players.  Downl...