Millimeter wave (MV) technology is an exclusive type of electromagnetic wave technology. These waves usually propagate through line-of-sight and hence are subjected to high atmospheric attenuation as compared to lower bands. These waves find extensive application in wireless communications and as such telecom industry benefits a lot from its evolution. This technology is now being used in small cell phones backhauls of base stations in developing metro network services over MMW as they are capable of transferring data at high speeds and low latency despite the smaller antenna size. The technical boom in mobile and telecom industries and display technologies being upgraded to QHD, 4K standards, increased usage of MMW in automobiles to achieve the dream of connected automobiles, etc. are driving the market for MMW as these waves can provide the necessary bandwidth to provide 5G services at transfer rates of up to 10GBPS. The viewpoints of remote correspondence, the millimeter wave for the most part involve recurrence extend between 30 GHz to 300 GHz.
How Big is The Global Millimeter Wave Technology Market?
The Global Millimeter Wave Technology Market is expected to be around US$ 4 Billion by 2025 at a CAGR of 35.2% in the given forecast period.
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The major driving factors of Global Millimeter Wave Technology Market are as follows:
Paddling mobile data traffic and demand for bandwidth-intensive applications
Growing usage of millimeter wave in small-cell backhaul networks
Utilization of Millimeter Wave in self-governing Vehicles
Growing demand for innovative applications in radar and security applications
Highly potential for the use of millimeter wave technology in consumer electronics
Use of Millimeter Wave for 5G Technology is potential
The restraining factors of Global Millimeter Wave Technology Market are as follows:
Negative influence on the environment
Limited area of millimeter wave
Fragmented and Non-Uniform Licensing Approach around the world
The Global Millimeter Wave Technology Market is segmented on the lines of its product, frequency band, license type, application and regional. Based on product segmentation it covers scanner systems, radar and satellite communication systems, telecommunication equipment, others. Based on frequency band segmentation it covers band between 30 GHz and 57 GHz, band between 57 GHz and 86 GHz, band between 86 GHz and 300 GHz. Based on license type segmentation it covers light licensed frequency, unlicensed frequency, fully licensed frequency. Based on application segmentation it covers mobile & telecommunication, consumer & commercial, healthcare, industrial, automotive and transportation, military, defense, and aerospace, imaging. The Global Millimeter Wave Technology Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for Global Millimeter Wave Technology Market and related technologies.
2) Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.
3) Identifications of new market opportunities and targeted promotional plans for Global Millimeter Wave Technology Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of global and regional markets on Global Millimeter Wave Technology Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include BridgeWave Communications, Inc. (US), E-Band Communications, LLC (US), Keysight Technologies, Inc. (US), NEC Corp. (Japan), SAGE Millimeter, Inc. (US), Siklu Communication, Ltd. (Israel), Aviat Networks, Inc. (Singapore), Farran Technology Ltd. (Ireland), Millimeter Wave Products, Inc. (US), Millitech, Inc. (US), Millivision Technologies (US), Vubiq Networks, Inc. (US), E-Band Communications, LLC (US), Smiths Group Plc. (UK), L3 Technologies, Inc. (US), and Elva-1 (Sweden). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Global Millimeter Wave Technology Market has been segmented as below:
By Product Analysis:
Radar and Satellite Communication Systems
By Frequency Band Analysis:
Band between 30 GHz and 57 GHz
Band between 57 GHz and 86 GHz
Band between 86 GHz and 300 GHz
By License Type Analysis:
Light Licensed Frequency
Fully Licensed Frequency
By Application Analysis:
Consumer & Commercial
Mobile & Telecommunication
Automotive and Transportation
Military, Defense, and Aerospace
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