The global Millimeter Wave Technology Market was valued at USD 290.12 million in 2016 and is projected to reach USD 4,376.01 million by 2025, growing at a CAGR of 35.19% from 2017 to 2025.
Radio waves in this band have wavelengths from ten to one millimetre, giving it the name millimetre band or millimetre wave, sometimes abbreviated MMW or mmW. With technological advancements and more focus on cell backhaul networks, the market is growing at a high CAGR.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing Mobile data traffic and demand for bandwidth application
1.2 Growingusage of millimeter wave in small cell backhaul networks
1.3 Growing demand for innovative applications
1.4 High potential for usage in consumer electronics
2. Market Restraints
2.1 Adverse Impact on the Environment
Market Segmentation:
1. Global Millimeter Wave Technology Market, by Frequency:
1.1 Band Between 24 GHz and 57 GHz
1.2 Band Between 57 GHz and 86 GHz
1.2.1 E-Band
1.2.2 V-Band
1.3 Band Between 86 GHz and 300 GHz
2. Global Millimeter Wave Technology Market, by Product:
2.1 Scanner Systems
2.1.1 Active Systems
2.1.2 Passive Systems
2.2 Radar and Satellite Communications Systems
2.2.1 Perimeter Surveillance Radar Systems
2.2.2 Application-Specific Radar Systems
2.2.3 Satellite Communication Systems
2.3 Telecommunication Equipment
2.3.1 Mobile Backhaul Equipment
2.3.1.1 Small-Cell Equipment
2.3.1.2 Macrocell Equipment
3. Global Millimeter Wave Technology Market, by Application:
3.1 Mobile and Telecom
3.1.1 5G Cellular (Inception in 2020/2021)
3.2 Consumer and Commercial
3.3 Healthcare
3.4 Industrial
3.5 Automotive and Transportation
3.5.1 Autonomous Vehicle
3.6 Military, Defense, and Aerospace
3.7 Imaging
4. Global Millimeter Wave Technology Market, by License Type:
4.1 Light Licensed Frequency Millimeter Wave
4.2 Unlicensed Frequency Millimeter Wave
4.3 Fully Licensed Frequency Millimeter Wave
5. Global Millimeter Wave Technology Market, by Component:
5.1 Antennas and Transceiver Components
5.2 Frequency Sources and Related Components
5.3 Communication and Networking Components
5.4 Imaging Components
5.5 RF and Radio Components
5.6 Sensors and Controls
5.7 Interface Components
5.8 Power and Battery Components
6. Global Millimeter Wave Technology Market, by Region:
6.1 North America (U.S., Canada, Mexico)
6.2 Europe (Germany, UK, France, Rest of Europe)
6.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
6.4 Latin America (Brazil, Argentina, Rest of Latin America)
6.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Bridgewave Communications, Inc.
2. Keysight Technologies
3. NEC Corporation
4. Sage Millimeter, Inc.
5. Siklu Communication Ltd
6. Aviat Networks, Inc.
7. Farran Technology
8. Millimeter Wave Products Inc.
9. Millivision Technologies
10. Vubiq Networks, Inc
11. E-Band Communications, LLC
12. Smiths Group PLC.
13. L3 Technologies, Inc.
14. Elva-1
15. Proxim Wireless
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Millimeter Wave Technology Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
INTRODUCTION OF GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
4.5 Regulatory Framework
5 GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET, BY FREQUENCY
5.1 Band Between 24 GHz and 57 GHz
5.2 Band Between 57 GHz and 86 GHz
5.2.1 E-Band
5.2.2 V-Band
5.3 Band Between 86 GHz and 300 GHz
6 GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET, BY PRODUCT
6.1 Scanner Systems
6.1.1 Active Systems
6.1.2 Passive Systems
6.2 Radar and Satellite Communications Systems
6.2.1 Perimeter Surveillance Radar Systems
6.2.2 Application-Specific Radar Systems
6.2.3 Satellite Communication Systems
6.3 Telecommunication Equipment
6.3.1 Mobile Backhaul Equipment
6.3.2 Small-Cell Equipment
6.3.3 Macrocell Equipment
7 GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET, BY APPLICATION
7.1 Mobile and Telecom
7.2 Consumer and Commercial
7.3 Healthcare
7.4 Industrial
7.5 Automotive and Transportation
7.6 Military, Defense, and Aerospace
7.7 Imaging
8 GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET, BY LICENSE TYPE
8.1 Light Licensed Frequency Millimeter Wave
8.2 Unlicensed Frequency Millimeter Wave
8.3 Fully Licensed Frequency Millimeter Wave
9 GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET, BY COMPONENT
9.1 Antennas and Transceiver Components
9.2 Frequency Sources and Related Components
9.3 Communication and Networking Components
9.4 Imaging Components
9.5 RF and Radio Components
9.6 Sensors and Controls
9.7 Interface Components
9.8 Power and Battery Components
10 GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET, BY GEOGRAPHY
10.1 Overview
10.2 North America Regional Market Estimates and Forecasts, 2012 - 2025
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe Regional Market Estimates and Forecasts, 2012 - 2025
10.3.1 Germany
10.3.2 U.K.
10.3.3 France
10.3.4 Rest of Europe
10.4 Asia Pacific Regional Market Estimates and Forecasts, 2012 - 2025
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
10.5 Latin America Regional Market Estimates and Forecasts, 2012 - 2025
10.5.1 Brazil
10.5.2 Argentina
10.6 Rest of the World Regional Market Estimates and Forecasts, 2012 â€" 2025
11 GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET COMPETITIVE LANDSCAPE
11.1 Overview
11.2 Company Market Share
11.3 Vendor Landscape
11.4 Key Development Strategies
12 COMPANY PROFILES
12.1 Bridgewave Communications, Inc.
12.1.1 Overview
12.1.2 Financial Performance
12.1.3 Product Outlook
12.1.4 Key Developments
12.2 Keysight Technologies
12.2.1 Overview
12.2.2 Financial Performance
12.2.3 Product Outlook
12.2.4 Key Developments
12.3 NEC Corporation
12.3.1 Overview
12.3.2 Financial Performance
12.3.3 Product Outlook
12.3.4 Key Developments
12.4 Sage Millimeter, Inc.
12.4.1 Overview
12.4.2 Financial Performance
12.4.3 Product Outlook
12.4.4 Key Developments
12.5 Siklu Communication Ltd
12.5.1 Overview
12.5.2 Financial Performance
12.5.3 Product Outlook
12.5.4 Key Developments
12.6 Aviat Networks, Inc.
12.6.1 Overview
12.6.2 Financial Performance
12.6.3 Product Outlook
12.6.4 Key Developments
12.7 Farran Technology
12.7.1 Overview
12.7.2 Financial Performance
12.7.3 Product Outlook
12.7.4 Key Developments
12.8 Millimeter Wave Products Inc.
12.8.1 Overview
12.8.2 Financial Performance
12.8.3 Product Outlook
12.8.4 Key Developments
12.9 Millivision Technologies
12.9.1 Overview
12.9.2 Financial Performance
12.9.3 Product Outlook
12.9.4 Key Developments
12.10 Vubiq Networks, Inc
12.10.1 Overview
12.10.2 Financial Performance
12.10.3 Product Outlook
12.10.4 Key Developments
12.11 E-Band Communications, LLC
12.11.1 Overview
12.11.2 Financial Performance
12.11.3 Product Outlook
12.11.4 Key Developments
12.12 Smiths Group PLC.
12.12.1 Overview
12.12.2 Financial Performance
12.12.3 Product Outlook
12.12.4 Key Developments
12.13 L3 Technologies, Inc.
12.13.1 Overview
12.13.2 Financial Performance
12.13.3 Product Outlook
12.13.4 Key Developments
12.14 Elva-1
12.14.1 Overview
12.14.2 Financial Performance
12.14.3 Product Outlook
12.14.4 Key Developments
12.15 Proxim Wireless
12.15.1 Overview
12.15.2 Financial Performance
12.15.3 Product Outlook
12.15.4 Key Developments
13 Appendix
13.1 Related Reports
The Nanobubble Technology Solution Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manu...
The Industrial Drone Technology Market is set to witness immense growth during the forecast period 2024-2031. This intelligence report offers an in-depth analysis of the market size, share, growth, opportunity, competitive landscape, manufac...
Market Overview
The Asia Pacific AI-Enabled Biometric Market is set to experience robust growth from 2024 to 2034, driven by the increasing adoption of artificial intelligence (AI) technologies in biometric systems to enhance security, identity verification, and surveillance. The market...
Market Overview
The Europe AI-Enabled Biometric Market is expected to experience substantial growth from 2024 to 2034, driven by the rising demand for enhanced security systems, increasing adoption of artificial intelligence (AI) technologies, and the need for more efficient biometric i...
Market Overview
The North America AI-Enabled Biometric Market is projected to experience substantial growth from 2024 to 2034, driven by the increasing demand for advanced, secure, and convenient identity verification solutions across various sectors. With rising adoption in areas such ...
Market Overview
The Global AI-Enabled Biometric Market is anticipated to experience substantial growth from 2024 to 2034, propelled by advancements in artificial intelligence, increasing security concerns, and the need for more accurate and efficient identity verification methods. In 20...
Market Overview
The Asia Pacific Passive Optical Network (PON) Market is poised for robust growth between 2024 and 2034, driven by the increasing demand for high-speed broadband connectivity, especially in emerging economies. The market is expected to reach USD XX.XX billion by 2034, gr...
Market Overview
The Europe Passive Optical Network (PON) Market is anticipated to experience significant growth from 2024 to 2034, driven by the increasing demand for high-speed internet, data services, and the transition towards fiber-based broadband solutions. As fiber-optic networks ...
Market Overview
The North America Passive Optical Network (PON) Market is set to experience substantial growth from 2024 to 2034, fueled by increasing investments in fiber-optic infrastructure and growing demand for high-speed, reliable internet connectivity. Projected to reach USD XXX....
Market Overview
The Global Passive Optical Network (PON) Market is anticipated to experience robust growth from 2024 to 2034, driven by increasing demand for high-speed internet and data transmission solutions across residential and commercial sectors. In 2024, the market is valued at U...