Millimeter Wave Technology Market by Product (Telecommunication Equipment, Scanner Systems), Frequency Bands (E Band & V Band), Component (Frequency Sources, Imaging), Application (Mobile & Telecom, Consumer & Commercial), and Geography - Forecast to 2020
A millimeter wave is a special electromagnetic wave with a frequency range between 20 GHz and 300 GHz. In the context of wireless communication, MM waves are generally referred to as bands of spectrum of around 38 GHz, 60 GHz, and 94 GHz. MM wave technology is widely used in mobile & telecom sector, consumer & commercial sector, healthcare sector, and others. This report segments the said market based on product, component, frequency band, license, application, and geography. The report entails the analyses and forecasts related to MM wave technology market.
Based on the type of components, the MM wave technology market has been classified into antennas & transceiver, communication & networking components, interface components, frequency sources & related components, imaging components, and others. The said market has been segmented on the basis of application into mobile & telecom sector, consumer & commercial sector, and others.
The global MM wave technology market is expected to reach $1,699.1 million by 2020, at a CAGR of 42.70% from 2015 to 2020. The RADAR & satellite communication systems market is expected to grow at the highest CAGR; its growth is expected to be driven by the increased use of V band and E band.
The market has been segmented based on geography into North America, Europe, APAC, and RoW. North America is currently the largest market for MM wave technology and is expected to exhibit a high growth rate in the next five years.
The report also details the competitive landscape of the MM wave technology market by analyzing the strategies adopted by major players to achieve growth in the market. Apart from the market segmentation data, the report also includes qualitative analysis of various market dynamics such as the drivers, restraints, opportunities, burning issues, and winning imperatives. It also analyzes the overall market through various models such as the Porter’s Five Forces framework. The report includes the profiles of the major players in the global MM wave technology market along with their respective market share analyses.
Some of the prominent companies in this market include BridgeWave Communications, Inc. (U.S.), E-Band Communications, LLC (U.S.), Siklu Communication, Ltd. (Israel), SAGE Millimeter, Inc. (U.S.), and Keysight Technologies, Inc. (U.S.).