Millimeter Wave Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

February 2021
144 pages
ID: 5997555
Format: PDF
IMARC Group

Summary

Table of Contents

Market Overview:
The global millimeter wave technology market reached a value of US$ 1.1 Billion in 2020. Millimeter wave (MMW or mmWave), also known as extremely high frequency (EHF), is an electromagnetic or radio wave that lies within the frequency range of 30-300 GHz with a wavelength between 1-10 mm. MMW technology is capable of transmitting massive amounts of data at high speed with minimal latency, which assists in increasing the performance, reliability, and bandwidth and scalable capacities. Consequently, the technology is extensively utilized in radio astronomy, remote sensing, automotive radars, wireless sensing, imaging, security screening and telecommunications.

The increasing telecom infrastructural deployments on account of the escalating demand for high-speed networks in the residential and commercial sectors represent one of the key factors stimulating the market growth. Moreover, with the incorporation of MMW technology in radio and satellite communication systems that form an integral part of national security, the security processes have become more efficient and reliable. This, along with the rising penetration of wireless communication technologies and e-computing services, is acting as another growth-inducing factor. Moreover, millimeter-wave therapy (MWT) is utilized for treating various diseases, such as cardiovascular and gastrointestinal ailments, diabetes, dermatitis, and depression, which, in turn, is also strengthening the market growth. Furthermore, on account of the increasing internet usage and the escalating need for bandwidth and speed-boosting technologies, the leading players are focusing on introducing MMW technology to meet the capacity requirements of 5G networks. However, due to the outbreak of the coronavirus disease (COVID-19) and several restrictions imposed by governments of various countries, the launch of 5G networks that relies on MMW technology has been delayed. Looking forward, the analyst expects the global millimeter wave technology market to grow at a CAGR of 27.31% during 2021-2026.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global millimeter wave technology market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, component, product, frequency band, license type and application.

Breakup by Component:
Antennas and Transceivers
Amplifiers
Oscillators
Control Devices
Frequency Converters
Passive Components
Others

Breakup by Product:
Telecommunication Equipment
Imaging and Scanning Systems
Radar and Satellite Communication Systems
Services

Breakup by Frequency Band:
30 GHz - 57 GHz
57 GHz - 96 GHz
96 GHz -300 GHz

Breakup by License Type:
Light Licensed Frequency Millimeter Wave
Unlicensed Frequency Millimeter Wave
Fully Licensed Frequency Millimeter Wave

Breakup by Application:
Telecommunication
Military and Defense
Automotive and Transport
Healthcare
Electronics and Semiconductor
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Aviat Networks Inc., AXXCSS Wireless Solutions Inc., Farran Technology Ltd., Fastback Networks Inc., Keysight Technologies Inc., L3 Technologies Inc., Millimeter Wave Products Inc., Mistral Solutions Pvt. Ltd. (AXISCADES Engineering Technologies Ltd.), NEC Corporation, Siklu Communication Ltd., Smiths Group Plc and Vubiq Networks Inc.

Key Questions Answered in This Report:
How has the global millimeter wave technology market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global millimeter wave technology market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the product?
What is the breakup of the market based on the frequency band?
What is the breakup of the market based on the license type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global millimeter wave technology market and who are the key players?
What is the degree of competition in the industry?

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