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Millimeter-wave (MV) technology is a particular type of electromagnetic wave technology. It is a mature technology and has recently been adopted in various applications across industries. From the perspective of wireless communication, the millimeter-wave generally occupies frequency range between 30 GHz to 300 GHz. It is rapidly adopted for users ranging from enterprise-level data centers to single consumers with smartphones requiring higher bandwidth, the demand for newer technologies to deliver these higher data transmission rates is more significant than ever before. According to a study published by Insure Insights, the global millimeter-wave technology market is anticipated to grow at a CAGR of 39.8% during the forecast period.
Top Driver: Rising Mobile Data Traffic and Growing Demand for Bandwidth-Intensive Applications
The global millimeter wave technology market is anticipated to witness a significant growth over the forecast period. Factors driving the growth of the global millimeter wave technology market are, rising mobile data traffic and growing demand for bandwidth-intensive applications. Besides, increasing demand for the high-speed data connectivity, and high potential usage of millimeter wave technology in consumer electronics application is also expected to propel the market.
However, restraining the growth of the millimeter wave technology market are environmental concerns and limited range. The non-uniform licensing approach is creating a significant challenge for the growth of millimeter wave technology market
Telecommunications to Make Crucial Contribution to Growth of the Market
Among application segments of the global millimeter-wave technology market, Telecommunications is predicted to show significant growth in future. The automotive and transport segment held the largest market share owing to the increasing technological advancements in the region. Other major segments in the application include Healthcare, Military & Defense, Electronics & Semiconductor, Security on the basis of product the market can be segmented into Telecommunication Equipment, Imaging and Scanning Systems, Radar & Satellite Communication Systems.
Rising Investments in Adoption Of Milimeter-Wave Technology to Benefit North America Market
The North America region is estimated to gain the largest share in the forecast period. The market’s growth is mainly due to the increased adoption of millimeter wave technology in the mobile and telecom application. The fragmented presence of the industries would help the industry propel in the next few years. Furthermore, increase in the investments over the adoption of the Milimeter Wave Technology is expected to help the industry attain higher revenue shares in the next coming years.
Players to Focus on Milimeter-Wave Technology Market
The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Axxcss Wireless Solutions, Keysight Technologies, NEC Corporation, Eravant, Siklu Communication, Aviat Networks, Farran Technologies, L3HARRIS, Smiths Group, Millimeter Wave Products among others could be at the forefront of the competition in the global market.
MACOM: In December 2013, M/A-COM Technology Solutions Holdings, Inc., a leading supplier of high performance RF, microwave, and millimeter wave products, today announced that it has successfully completed its previously announced tender offer to purchase all outstanding shares of common stock of Mindspeed Technologies, Inc. for $5.05 per share in cash. As such, MACOM intends to complete the acquisition of Mindspeed through a merger under Section 251(h) of the Delaware General Corporation Law.
Airspan Networks: In November 2018, Airspan Networks, provider of the Magic Box for Sprint had acquired Mimosa Networks for an undisclosed sum. The deal strengthens its leadership in 5G network infrastructures, leveraging the combined teams’ technologies and products, sales channels and customer base. It also boosts Airspan’s existing North American presence with an engineering center in Silicon Valley. Airspan’s head office is in Boca Raton, Florida.
Scope of the Report
By Product
By Application
By Frequency Bands
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Millimeter-wave Technology Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Millimeter-wave Technology Market -Industry Snapshots
6.1.1 Global Millimeter-wave Technology Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Millimeter-wave Technology Market Analysis, by Product
7.2 Key Findings for Millimeter-wave Technology Market- By Product
7.2.1 Millimeter-wave Technology Market- Telecommunication Equipment
7.2.2 Millimeter-wave Technology Market- Imaging and Scanning Systems
7.2.3 Millimeter-wave Technology Market- Radar & Satellite Communication Systems
Chapter 8 Global Millimeter-wave Technology Market Analysis, by Application
8.2 Key Findings for Millimeter-wave Technology Market- By Application
8.2.1 Millimeter-wave Technology Market- Automotive & Transport
8.2.2 Millimeter-wave Technology Market- Healthcare
8.2.3 Millimeter-wave Technology Market- Telecommunications
8.2.4 Millimeter-wave Technology Market- Military & Defense
8.2.5 Millimeter-wave Technology Market- Electronics & Semiconductor
8.2.6 Millimeter-wave Technology Market- Security
Chapter 9 Global Millimeter-wave Technology Market Analysis, by Frequency Bands
9.2 Key Findings for Millimeter-wave Technology Market- By Frequency Bands
9.2.1 Millimeter-wave Technology Market- V-Band
9.2.2 Millimeter-wave Technology Market- E-Band
9.2.3 Millimeter-wave Technology Market- Others
Chapter 10 Millimeter-wave Technology Market Analysis by Region
10.1 Key Findings for Millimeter-wave Technology Market- By region
10.2.1 Global Millimeter-wave Technology Market Analysis, By Product, 2019 – 2028
10.2.2 Global Millimeter-wave Technology Market Analysis, By Application, 2019 – 2028
10.2.3 Global Millimeter-wave Technology Market Analysis, By Frequency Bands, 2019 – 2028
10.3 Millimeter-wave Technology Market – North America
10.3.5 North America Market, By Product
10.3.6 North America Market, By Application
10.3.7 North America Market, By Frequency Bands
10.4 Millimeter-wave Technology Market – Europe
10.4.7 Europe Market, By Product
10.4.8 Europe Market, By Application
10.4.9 Europe market by, Frequency Bands
10.5 Millimeter-wave Technology Market – Asia Pacific
10.5.6 Asia Pacific Market, By Product
10.5.7 Asia Pacific Market, By Application
10.5.8 Asia Pacific Market, By Frequency Bands
10.6 Millimeter-wave Technology Market – SAMEA
10.6.2 Middle East & Africa (MEA)
10.6.5 South America, Middle East and Africa Market, By Product
10.6.6 South America, Middle East and Africa Market, By Application
10.6.7 South America, Middle East and Africa Market, By Frequency Bands
Chapter 11 Market Competition Analysis
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
Chapter 12 Company Profiles- Snapshot
12.1 Axxcss Wireless Solutions
12.10 Millimeter Wave Products
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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