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PRESS RELEASE Published July 14, 2023 XheraldThe millimeter wave technology market is predicted to grow at a moderate CAGR of 5.8%, reaching nearly US$ 535 Mn by 2032 from US$ 295 Mn in 2021. Advancements in wireless technology: The continuous advancements in wireless technology and the need for higher data rates have led to the exploration and adoption of millimeter wave frequencies. With the development of advanced modulation techniques, antenna systems, and signal processing algorithms, millimeter wave technology has become more feasible and commercially viable. Rise in security and surveillance applications: Millimeter wave technology is used in security screening systems, airport scanners, perimeter surveillance, and border control applications. What are the Recent Developments in the Field of Millimeter Wave Technology Market?