What is Millimeter Wave Technology?
The increasing research & development activities in the millimeter (MM) wave technology and the continuously rising demand for bandwidth-intensive applications are anticipated to propel the global market. Millimeter-wave is a kind of electromagnetic technology used in various products such as phones, cars, medical devices, and others to ensure wireless broadband communications at a higher speed. The MM wave technology is extensively used in applications across various sectors such as telecommunication, military & defense, security, automotive, and healthcare.
The market study is broken down, by Application (Mobile & telecom, Consumer & commercial, Healthcare, Industrial, Automotive & transportation and Imaging) and major geographies with country level break-up. According to AMA, the Global Millimeter Wave Technology market is expected to see growth rate of 37.1%
Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Millimeter Wave Technology market throughout the predicted period.
Axxcss Wireless Solutions (United States), Keysight Technologies (United States), NEC Corporation (Japan), Eravant (United States), Siklu Communication (Japan), Aviat Networks (United States), Farran Technologies (Ireland), L3HARRIS (United States), Smiths Group (United Kigdom) and Millimeter Wave Products (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Millivision Technologies (United States)), Vubiq Networks, Inc. (United States)), Fastback Networks (United States)) and E-Band Communications, LLC (United States)).
AdvanceMarketAnalytics has segmented the market of Global Millimeter Wave Technology market by Type, Application and Region.
On the basis of geography, the market of Millimeter Wave Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Frequency Band, the sub-segment i.e. 2457 GHz will boost the Millimeter Wave Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Scanner systems will boost the Millimeter Wave Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by License Type, the sub-segment i.e. Light licensed frequency millimeter wave will boost the Millimeter Wave Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Antennas & transceiver components will boost the Millimeter Wave Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In May 2016, Farran Technology Ltd collaborated with Copper Mountain Technologies, a developer of innovative RF test and measurement solutions to launch CobaltFxan advanced technology that provides a millimeter-wave frequency extension solution built on a 9 GHz Vector Network Analyser (VNA).
In April 2019, NEC and Ceragon, a company that delivers innovative wireless backhaul solutions, collaborated to enhance the technologies and solutions for 5G wireless backhaul in the microwave and millimeter-wave spectrum. This collaboration helps NEC to access solutions that are different from their own solutions and technologies.
- Substantial demand in the use of millimeter-wave technology in security and radar applications
- The rise in usage of millimeter-wave in small-cell backhaul networks
- Increase in broadband and mobile speeds with growing utility and demand
- Rise in number of IoT-based devices
- Increase in usage of 5G and millimeter-wave technology
- Significant opportunities in military, defense, and aerospace applications
- Low penetration power through objects and adverse impact on the environment
- Non-uniform licensing approach
Key Target AudienceGovernment Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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