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Millimeter Wave Technology Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029

  • ID: 5411800
  • Report
  • August 2021
  • Region: Global
  • 110 Pages
  • Acute Market Reports

FEATURED COMPANIES

  • Bridgewave Communications
  • E-Band Communications LLC
  • Fujitsu
  • Keysight Technologies
  • Mitsubishi Electric
  • Nec Corporation

Global millimeter wave technology market is estimated to grow at a CAGR of 35.2% during forecast period (2021-2029). Global millimeter wave technology market is primarily driven by rising mobile data traffic, demand for bandwidth intensive applications and increasing adoption of millimeter wave in small cell backhaul networks. Millimeter wave technology can reduce data traffic pressure on Base Station (BS) of network, ultimately increasing the speed of communication and improving the quality of network. As per reports published by technocrats such as Cisco, Ericsson etc., total mobile data traffic was recorded to be around 8.8 Exabyte (EB) in 2016 across the globe and is expected to increase and reach up to more than 71 EB by the end of 2022. Therefore, rising data traffic is expected to drive the adoption of millimeter wave technology across the globe. 

Exponential increase in Data Traffic Key Booster of Market Revenues

Data traffic refers to the amount of data which is transferred between the internet and the hosting account on the web server. With the user moving towards more data intensive content such as video streaming, augmented reality, voice over data, 4k video, increasing number of internet user on smart phone etc. data traffic is expected to rise in future. Growing data traffic creates bandwidth complexities and network congestion. One of the main advantage of millimetre wave technology is the ability to transmit large amount of data as the frequency is directly proportional to bit rates. Thus, the millimetre waves are suitable for transmission of digital data, cellular communications. This creates need for efficient wireless mobile backhaul. The researches and telecom operators seek to incorporate millimetre wave technology in order to curb the bandwidth crunch and provide data intensive content with ease leading to the adoption of Millimetre wave technology market. 

5G the New Buzz Assuring Significant Growth across the Globe

The millimetre waves are considered to be the key enabling technology for the successful deployment of 5th generation wireless communication network. With the growing investment in the 5G infrastructure a huge demand for the equipment based on millimetre wave technology is anticipated. According to Organization for Economic Co-operation and Development (OECD), the communication network and service environment would become more complex by 2023 and the 5G technology market would witness immense growth due to the ongoing advancements in 5G network infrastructure. USA, UK, France, Germany, South Korea, Japan, China are the forefront in research and trial investments for 5G technology. Such investments in 5G would fuel development in wireless infrastructure and network and promote the growth of global mobile and telecom market during the forecast period.

Mobile and Telecom Application Account for More than Half of the Market Revenues

Global millimeter wave technology market has been segmented on the basis of products, frequency band, license type and by application. The application segment is further sub segmented into Mobile & Telecommunication, Consumer & Commercial, Healthcare, industrial, Automotive and Transportation, Military, Defense, and Aerospace and Imaging. Mobile & Telecommunication leads the application segment in terms of revenue in global millimeter wave technology market with around 55.14% market share in 2019. The millimeter waves are considered to be the key enabling technology for successful deployment of 5th generation wireless communication network and growing telecommunication industry is expected to propel the global millimeter wave technology market over the forecast period. increasing investment and adoption of 5G technology network is expected to create a huge demand for millimeter wave technology equipment. The mobile and telecom application is expected to grow at CAGR of 35.9% during the forecast. The telecommunication industry is going under a radical change with the growing data consumption and limited bandwidth. With the increasing consumption of data radio-frequency spectrum have become congested as all the mobile providers wok in the same frequency band that leads to slower service and more dropped connections.

North America – The Present Market, APAC – The Future Market

Asia Pacific millimetre wave technology market is expected to grow at highest CAGR of 36% during the forecast period of 2021-2029. Asia Pacific millimetre wave technology market is primarily driven by increasing data consumption that has created the demand for efficient wireless backhaul solutions coupled with high infrastructural investment to set up 5th generation wireless network. As per the CISCO VNI in 2016 Asia Pacific will account for 47% of global data traffic by 2021 followed by Middle East & Africa and North America and mobile data traffic in Asia Pacific is likely to reach 22 Exabyte’s by 2021 from 2.97 Exabyte’s in 2016. However, North America dominates the market interms of revenues for 2020. 

Innovation is the Key to Enhance Market Presence

Product launch is the primary strategy adopted by companies in global millimetre wave technology market. New and advanced products help to improve company’s market visibility while competing effectively with key competitors in the market. Partnership and collaboration is the secondary strategy adopted by companies in global millimetre wave technology market. Strategic partnerships allow the companies to leverage resources to serve extended market. Key companies in the market include Bridgewave Communications, Cablefree: Wireless Excellence, E-Band Communications, LLC, Farran Technology, Keysight Technologies, L3 Technologies, inc., Millimeter Wave Products inc., Nec Corporation, Sage Millimeter, inc., Siklu Communication, Fujitsu, Denso Corporation, Mitsubishi Electric, Mmw Biomedical, Hubei YJT Technology and others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2029.

Report Methodology

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for extrapolation of market revenues. The derived market estimates were further validated from top down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and region.

 Product Type Segment (2019–2029; US$ Mn)

  - Scanner Systems
  - Radar & Satellite Communications Systems
  - Telecommunication Equipment

 Frequency Band Segment (2019–2029; US$ Mn)

  - Between 30 GHz and 57 GHz
  - Between 57 GHz and 86 GHz
  - Between 86 GHz and 300 GHz

 License Type Segment (2019–2029; US$ Mn)

  - Unlicensed Frequency Millimeter Wave
  - Light Licensed Frequency Millimeter Wave
  - Fully Licensed Frequency Millimeter Wave

 Component Segment (2019–2029; US$ Mn)

  -  Antennas and Transceiver Components
  - Frequency Sources and Related Components
  - Communication and networking components
  - Imaging components
  - RF and radio components
  - Sensors and controls
  - Interface Components
  - Power and battery component

 Application Segment (2019–2029; US$ Mn)

  -  Automotive and Transportation
  - Consumer and Commercial
  - Healthcare
  - Imaging
  - Industrial
  - Military, Defense, and Aerospace
  - Mobile and Telecom

 Geography Segment (2019–2029; US$ Mn)


  - North America (U.S., Rest of North America)
  - Europe (U.K., Germany, France, Rest of Europe)
  - Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  - Rest of the World (Middle East & Africa, Latin America)

Global Impact of Covid-19 Segment (2020-2021; US$ Mn)


  - Pre Covid-19 situation
  - Post Covid-19 situation

Key questions answered in this report

  • What are the key market segments in current scenario and in the future by product categories?
  • What are the key market segments in current scenario and in the future by regions?
  • What is the key impact of Covid-19 over market revenues and market determinants in the global millimeter wave technology market?
  • What are the primary and secondary macro and micro factors influencing the market growth currently and during the forecast period?
  • What are the primary and secondary macro and micro factors deterring the market growth currently and during the forecast period?
  • How to overcome the current market challenges and leverage the opportunities in each of the market segment?
  • Who are the key players in the operational predictive maintenance market and what are their key product categories and strategies?
  • What are the key strategies – mergers/acquisitions/R&D/strategic partnerships etc that companies are deploying to enhance market revenues and growth?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bridgewave Communications
  • E-Band Communications LLC
  • Fujitsu
  • Keysight Technologies
  • Mitsubishi Electric
  • Nec Corporation

Chapter 1. Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 Key offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions
1.3.5 Approach Adopted
Chapter 2. Executive Summary
2.1 Market Snapshot: Global Millimeter Wave Technology Market
2.2 Global Millimeter Wave Technology Market by Product ($ Million) 2020 (US$ Mn)
2.3 Global Millimeter Wave Technology Market by Frequency Band ($ Million) 2020 (US$ Mn)
2.4 Global Millimeter Wave Technology Market by License Type ($ Million) 2020 (US$ Mn)
2.5 Global Millimeter Wave Technology Market by Components ($ Million) 2020 (US$ Mn)
2.6 Global Millimeter Wave Technology, by Geography, 2020 (US$ Mn)
2.7 Porter’s Five force Model
2.8 See Saw Analysis
2.9 Key Buying Criteria
2.10 Vendor Landscape
2.11 PESTEL Analysis
2.12 GAP Analysis
2.13 Impact of Covid 19
Chapter 3. Market Determinants
3.1. Market Drivers
3.1.1. Rising Mobile Data Traffic and Demand for Bandwidth-intensive Applications
3.1.2. Rising Demand in Radar and Security Applications
3.1.3. Increasing Adoption of Mmw in Small Cell Backhaul Networks
3.1.4. High Potential for the Use of Millimetre Wave Technology in Consumer Electronics
3.2. Market Restraints
3.2.1. Adverse Impact On The Environment
3.2.2. Propagation Limitations Associated With Millimetre Waves
3.3. Market Opportunities
3.3.1. Application in Autonomous and Semi-Autonomous Vehicles
3.3.2. Availability of Unallocated Spectrum
3.4. Market Challenges
3.4.1. Limited Range of Millimetre Waves
3.4.2. Non-Uniform Licensing Approaches across The Globe
Chapter 4. Global Millimeter Wave Technology Market by Product 2019-2029 ($ Million)
4.1. Global Scanner Systems Market 2019-2029 ($ Million)
4.2. Global Radar and Satellite Communications Systems Market 2019-2029 ($ Million)
4.3. Global Telecommunication Equipment Market 2019-2029 ($ Million)
Chapter 5. Global Millimetre Wave Technology Market by Frequency Band 2019-2029 ($ Million)
5.1. Global Band between 30 Ghz and 57 Ghz Market 2019-2029 ($ Million)
5.2. Global Band between 57 Ghz and 86 Ghz Market 2019-2029 ($ Million)
5.3. Global Band between 86 Ghz and 300 Ghz market 2019-2029 ($ Million)
Chapter 6. Global Millimetre Wave Technology Market by License Type 2019-2029 ($ Million)
6.1. Global Light Licensed Frequency Millimetre Wave Market 2019-2029 ($ Million)
6.2. Global Unlicensed Frequency Millimetre Wave Market 2019-2029 ($ Million)
6.3. Global Fully Licensed Frequency Millimetre Wave Market 2019-2029 ($ Million)
Chapter 7. Global Millimetre Wave Technology Market by Application 2019-2029 ($ Million)
7.1. Global Mobile and Telecom Market 2019-2029 ($ Million)
7.2. Global Consumer and Commercial Market 2019-2029 ($ Million)
7.3. Global Healthcare Market 2019-2029 ($ Million)
7.4. Global industrial Market 2019-2029 ($ Million)
7.5. Global Automotive and Transportation Market 2019-2029 ($ Million)
7.6. Global Military, Defense and Aerospace Market 2019-2029 ($ Million)
7.7. Global Imaging Market 2019-2029 ($ Million)
Chapter 8. Global Millimetre Wave Technology Market by Components 2019-2029 ($ Million)
8.1. Global Antennas and Transceiver Components Market 2019-2029 ($ Million)
8.2. Global Sensors and Controllers Market 2019-2029 ($ Million)
8.3. Global Communication and Networking Components Market 2019-2029 ($ Million)
8.4. Global Frequency Sources and Related Components Market 2019-2029 ($ Million)
8.5. Global Imaging Components Market 2019-2029 ($ Million)
8.6. Global RF and Radio Components Market 2019-2029 ($ Million)
8.7. Global interface Components Market 2019-2029 ($ Million)
8.8. Global Power & Battery Market 2019-2029 ($ Million)
Chapter 9. North America Millimetre Wave Technology Market 2019-2029 ($ Million)
9.1.United States 2019-2029 ($ Million)
9.2.Canada 2019-2029 ($ Million)
Chapter 10. Europe Millimetre Wave Technology Market 2019-2029 ($ Million)
10.1. United Kingdom 2019-2029 ($ Million)
10.2. France 2019-2029 ($ Million)
10.3. Germany 2019-2029 ($ Million)
10.4. Spain 2019-2029 ($ Million)
10.5. Rest of Europe 2019-2029 ($ Million)
Chapter 11. Asia-Pacific Millimetre Wave Technology Market 2019-2029 ($ Million)
11.1. China 2019-2029 ($ Million)
11.2. india 2019-2029 ($ Million)
11.3. Japan 2019-2029 ($ Million)
11.4. Australia 2019-2029 ($ Million)
11.5. Rest of Asia-Pacific 2019-2029 ($ Million)
Chapter 12. RoW Millimetre Wave Technology Market 2019-2029 ($ Million)
12.1. Latin America 2019-2029 ($ Million)
12.2. Middle East & Africa 2019-2029 ($ Million)
Chapter 13 Company Profile
13.1. Bridgewave Communications, inc.
13.1.1. Overview
13.1.2. Product Portfolio
13.1.3. Strategic initiatives
13.1.4. Scot Analysis
13.1.5. Strategic Analysis
13.2. E- Band Communications, Llc
13.2.1. Overview
13.2.2. Product Portfolio
13.2.3. Scot Analysis
13.2.4. Strategic Analysis
13.3. Sivers Ima
13.3.1. Overview
13.3.2. Product Portfolio
13.3.3. Strategic initiatives
13.3.4. Scot Analysis
13.3.5. Strategic Analysis
13.4. Farran Technology Ltd.
13.4.1. Overview
13.4.2. Product Portfolio
13.4.3. Strategic initiatives
13.4.4. Scot Analysis
13.4.5. Strategic Analysis
13.5. Keysight Technologies, inc.
13.5.1. Overview
13.5.2. Product Portfolio
13.5.3. Strategic initiatives
13.5.4. Scot Analysis
13.5.5. Strategic Analysis
13.6. Lightpointe Communications, inc
13.6.1. Overview
13.6.2. Product Portfolio
13.6.3. Strategic initiative
13.6.4. Scot Analysis
13.6.5. Strategic Analysis
13.7. Fujitsu
13.7.1. Overview
13.7.2. Product Portfolio
13.7.3. Strategy initiatives
13.7.4. Scot Analysis
13.7.5. Strategic Analysis
13.8. Aviat Networks, inc
13.8.1. Overview
13.8.2. Product Portfolio
13.8.3. Scot Analysis
13.8.4. Strategic Analysis
13.9. Proxim Wireless Corporation (Acquired by Terabeam inc.)
13.9.1. Overview
13.9.2. Product Portfolio
13.9.3. Strategic initiatives
13.9.4. Scot Analysis
13.9.5. Strategic Analysis
13.10. Millitech inc. (Acquired by Smiths Group)
13.10.1. Overview
13.10.2. Product Portfolio
13.10.3. Scot Analysis
13.10.4. Strategic Analysis
13.11. Sage Millimetre inc.
13.11.1. Overview
13.11.2. Product Portfolio
13.11.3. Scot Analysis
13.11.4. Strategic Analysis
13.12. Siklu Communication Ltd.
13.12.1. Overview
13.12.2. Product Portfolio
13.12.3. Scot Analysis
13.12.4. Strategic Analysis
13.13. Trex Enterprises Corporation
13.13.1. Overview
13.13.2. Product Portfolio
13.13.3. Scot Analysis
13.13.4. Strategic Analysis
13.14. Quinstar Technology inc
13.14.1. Overview
13.14.2. Product Portfolio
13.14.3. Scot Analysis
13.14.4. Strategic Analysis
13.15. Nec Corporation
13.15.1. Overview
13.15.2. Product Portfolio
13.15.3. Strategic initiative
13.15.4. Scot Analysis
13.15.5. Strategic Analysis
Note: Product cover images may vary from those shown
  • Bridgewave Communications
  • Cablefree: Wireless Excellence
  • E-Band Communications LLC
  • Farran Technology
  • Keysight Technologies
  • L3 Technologies Inc.
  • Millimeter Wave Products inc.
  • Nec Corporation
  • Sage Millimeter Inc.
  • Siklu Communication
  • Fujitsu
  • Denso Corporation
  • Mitsubishi Electric
  • Mmw Biomedical
  • Hubei YJT Technology
Note: Product cover images may vary from those shown