According to the report, the global millimeter wave technology industry garnered $220.5 million in 2018 and is estimated to reach $3.25 billion by 2026, growing at a CAGR of 40.4% from 2019–2026. The report also provides a detailed analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive landscape, and wavering market trends.
Mechanization of different activities in agriculture, economic stability, and the advent of precision farming drive the growth of the global agriculture equipment market. However, the lack of information about efficient agriculture equipment and scarcity of arable land restrain market growth.
Increase in government initiatives toward energy efficiency, rapid growth in usage of environment safe LEDs, and growth in the utilization of UV curing system are the factors that drive the growth of the global UV LED market