HOME Top Market Reports Millimeter Wave Technology Market by Product (Telecommunication Equipment, Imaging & Scanning Systems), Frequency Band (V-Band & E-Band), Component (Antennas & Transceivers & Amplifiers), Application, and Geography - Global Forecast to 2022

Millimeter Wave Technology Market by Product (Telecommunication Equipment, Imaging & Scanning Systems), Frequency Band (V-Band & E-Band), Component (Antennas & Transceivers & Amplifiers), Application, and Geography - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: SE 3472

 

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The global millimeter wave technology market was valued at USD 346.8 Million in 2015 and is expected to grow at a CAGR of 42.99% between 2016 and 2022. The report aims at estimating the market size and future growth potential of the millimeter wave technology market based on product, component, frequency band, application, and geographic analysis. It also aims at providing detailed information regarding the major factors influencing the growth of the millimeter wave technology market (drivers, restraints, opportunities, and industry-specific challenges) and strategically analyzes micro-markets with respect to the individual growth trends, future prospects, and contributions to the total market. The base year considered for the study is 2015, and the forecast period considered for this study is between 2016 and 2022.

The research methodology used to estimate and forecast the millimeter wave technology market begins with gathering data on key vendor revenues through secondary research, including annual reports, press releases, investor presentations, white papers, journals, certified publications, articles from recognized authors, gold standard and silver standard websites, organizations, directories, and databases such as Factiva, Hoovers, and the Wall Street Journals among others. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global millimeter wave technology market from the revenue of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. Market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of primaries is depicted in the below figure:

Millimeter Wave Technology Market

To know about the assumptions considered for the study, download the pdf brochure

The millimeter wave technology ecosystem comprises chipset providers [such as NXP Semiconductors N.V. (Netherlands), Northrop Grumman Corporation (U.S.), Infineon Technologies AG (Germany), Freescale Semiconductor, Inc. (U.S.), Panasonic Corporation (Japan), and Samsung Electronics Co., Ltd. (Japan) among others] and component & device providers [such as BridgeWave Communications, Inc. (U.S.), E-Band Communications, LLC (U.S.), Siklu Communication Ltd. (Israel), SAGE Millimeter, Inc. (U.S.), Keysight Technologies (U.S.), Millitech Inc. (U.S.), NEC Corporation (Japan), Trex Enterprises Corporation (U.S.), LightPointe Communications, Inc (U.S.), and Farran technology Ltd. (Ireland) among others. The component & device providers integrate these chipsets and components and sell them to end users to cater to their unique business requirements.

Target Audience of the Report:

The intended audience for this report includes:

  • Millimeter wave technology-based products and solutions providers
  • Millimeter wave technology-related service providers
  • Research organizations and consulting companies
  • Government and corporate offices
  • Venture capitalists, private equity firms, and startup companies
  • Distributors and traders
  • Forums, alliances, and associations
  • End users that want to know more about the millimeter wave technology and the latest technological developments carried out in market

Scope of the Report

The research report segments the millimeter wave technology market into the following submarkets:

By Application:

  • Telecommunications
  • Military & Defense
  • Healthcare
  • Automotive and Transportation
  • Industrial
  • Security
  • Others

By Product

  • Telecommunication Equipment
  • RADAR & Satellite Communication Systems
  • Imaging and Scanning Systems

By Frequency Band

  • V-Band
  • E-Band
  • Rest of Millimeter Wave Frequency Bands

By Component

  • Antenna and Transceivers
  • Amplifiers
  • Oscillators
  • Control Devices
  • Frequency Converters
  • Ferrite Devices
  • Passive Components
  • Radiometers
  • Others

By Region

  • North America
  • Europe
  • APAC
  • RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Market Analysis

  • Further breakdown of the millimeter wave technology applications market, by geography

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered for the Study
    1.4 Currency
           1.4.1 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions
           2.4.1 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Opportunities in the GlHobal Millimeter Wave Technology Market
    4.2 Global Milimeter Wave Technology Market, By Industry
    4.3 Global Millimeter Wave Technology Market, By Region and Product
    4.4 Global Millimeter Wave Technology Market, By Geography
    4.5 Global Mllimeter Wave Technology Market, By Frequency Band (2015, 2016, and 2022)

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Growing Demand for Bandwidth-Intensive Applications
                    5.3.1.2 Increase in Usage of Millimeter Wave Technology in Small Cell Backhaul Applications
                    5.3.1.3 Rise in Demand for Millimeter Wave Technology for New Radar Systems and Multi-Gigabit Applications
                    5.3.1.4 Increasing Adoption of Millimeter Wave Scanners for Security Purposes
           5.3.2 Restraints
                    5.3.2.1 Short Range, Line-Of-Sight Communication
           5.3.3 Opportunities
                    5.3.3.1 Upcoming 5G Technology
                    5.3.3.2 Wide Scope in the Military, Defense, Aerospace, and Satellite Communication Applications
                    5.3.3.3 Favorable Government Regulations
           5.3.4 Challenges
                    5.3.4.1 Propagation and Environmental Issues

6 Industry Trends (Page No. - 39)
    6.1 Introduction
    6.2 Value Chain Analysis of Millimeter Wave Technology Market
    6.3 Porter's Five Forces Model
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 Millimeter Wave Technology Market, By Product (Page No. - 48)
    7.1 Introduction
    7.2 Telecommunication Equipment
           7.2.1 Mobile Backhaul Equipment
                    7.2.1.1 Small-Cell Backhauling Equipment
                    7.2.1.2 Macro-Cell Backhauling Equipment
           7.2.2 Others
    7.3 Radar & Satellite Communication Systems
           7.3.1 Perimeter Surveillance Radar
           7.3.2 Application-Specific Radar Systems
           7.3.3 Satellite Communication Systems
    7.4 Imaging & Scanning Systems
           7.4.1 Active Systems
           7.4.2 Passive Systems

8 Millimeter Wave Market, By Component (Page No. - 60)
    8.1 Introduction
    8.2 Antennas & Transceivers
    8.3 Amplifiers
    8.4 Oscillators
    8.5 Control Devices
    8.6 Frequency Converters
    8.7 Ferrite Devices
    8.8 Passive Components
    8.9 Radiometers
    8.10 Others

9 Millimeter Wave Technology Market, By Frequency Band (Page No. - 65)
    9.1 Introduction
    9.2 V-Band
    9.3 E-Band
    9.4 Rest of MWT Frequency Bands

10 Millimeter Wave Technology Market, By Industry (Page No. - 75)
     10.1 Introduction
     10.2 Telecommunications
     10.3 Military & Defense
     10.4 Automotive and Transportation
     10.5 Healthcare
     10.6 Industrial
     10.7 Security
     10.8 Others

11 Millimeter Wave Market, By Region (Page No. - 88)
     11.1 Introduction
     11.2 North America
             11.2.1 U.S.
             11.2.2 Canada
             11.2.3 Mexico
     11.3 Europe
             11.3.1 U.K.
             11.3.2 Germany
             11.3.3 France
             11.3.4 Rest of Europe
     11.4 Asia-Pacific
             11.4.1 China
             11.4.2 Japan
             11.4.3 South Korea
             11.4.4 India
             11.4.5 Rest of APAC
     11.5 RoW
             11.5.1 Middle East & Africa
             11.5.2 South America

12 Comptetive Landscape (Page No. - 110)
     12.1 Overview
     12.2 Ranking Analysis of the Players Operating in the Millimeter Wave Technology Market
     12.3 Competitive Situation and Trends
             12.3.1 New Product Launches
             12.3.2 Agreements, Collaborations, Partnerships, and Contracts

13 Company Profiles (Page No. - 116)
(Overview, Products and Services, Financials, Strategy & Development)*
     13.1 Bridgewave Communications, Inc.
     13.2 Millitech, Inc.
     13.3 NEC Corporation
     13.4 Siklu Communication Ltd.
     13.5 Keysight Technologies, Inc.
     13.6 E- Band Communications, LLC
     13.7 Sage Millimeter, Inc.
     13.8 Trex Enterprises Corporation
     13.9 Lightpointe Communications, Inc.
     13.10 Farran Technology Ltd.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 139)
     14.1 Insights of Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (65 Tables)

Table 1 Millimeter Wave Technology Market, By Frequency Band, 2014–2022 (USD Million)
Table 2 Global MM Wave Technology Market, By Product (2014–2022)
Table 3 MM Wave Technology Market for Telecommunication Equipment, By Frequency Band (2014–2022)
Table 4 Market for Telecommunication Equipment, By Application(2014–2022)
Table 5 Market for Telecommunication Equipment, By Region (2014–2022)
Table 6 Market for Radar & Satellite Communications Systems, By Product (2014–2022)
Table 7 Market for Radar & Satellite Communications Systems, By Frequency Band (2014–2022)
Table 8 Market for Radar & Satellite Communications Systems, By Application (2014–2022)
Table 9 Market for Radar & Satellite Communications Systems, By Region (2014–2022)
Table 10 Market for Imaging & Scanning Systems, By Product (2014–2022)
Table 11 Market for Imaging & Scanning Systems, By Frequency Band (2014–2022)
Table 12 Market for Imaging & Scanning Systems, By Application (2014–2022)
Table 13 Market for Imaging & Scanning Systems, By Region (2014–2022)
Table 14 Global MM Wave Technology Market, By Component, 2014–2022 (USD Million)
Table 15 MM Wave Technology Market, By Frequency Band, 2014–2022 (USD Million)
Table 16 MM Wave Technology Market, By Frequency License, 2014–2022 (USD Million)
Table 17 MM Wave Technology Market for V-Band, By Product, 2014–2022 (USD Million)
Table 18 MM Wave Technology Market for V-Band, By Industry, 2014–2022 (USD Million)
Table 19 MM Wave Technology Market for V-Band, By Region, 2014–2022 (USD Million)
Table 20 MM Wave Technology Market for E-Band, By Product, 2014–2022 (USD Million)
Table 21 MM Wave Technology Market for E-Band, By Industry, 2014–2022 (USD Million)
Table 22 Millimeter Wave Technology Market for E-Band, By Region, 2014–2022 (USD Million)
Table 23 MM Wave Technology Market for Rest of the Millimeter Wave Frequency Bands, By Product, 2014–2022 (USD Million)
Table 24 MM Wave Technology Market for Rest of the Millimeter Wave Frequency Bands, By Industry, 2014–2022 (USD Million)
Table 25 MM Wave Technology Market for Rest of the Millimeter Wave Frequency Bands, By Region, 2014–2022 (USD Million)
Table 26 Global Millimeter Wave Technology Market, By Industry, 2014–2022
Table 27 Global MM Wave Technology Market for Telecommunications, By Frequency Band, 2014–2022 (USD Million)
Table 28 Global MM Wave Technology Market for Telecommunications, By Region, 2014–2022 (USD Million)
Table 29 Global Millimeter Wave Technology Market for Military & Defense, By Frequency Band, 2014–2022 (USD Million)
Table 30 Global MM Wave Technology Market for Military & Defense, By Region, 2014–2022 (USD Million)
Table 31 Global Millimeter Wave Technology Market for Automotive & Transportation, By Frequency Band, 2014–2022 (USD Million)
Table 32 Global MM Wave Technology Market for Automotive & Transportation Industry, By Region, 2014–2022 (USD Million)
Table 33 Global MM Wave Technology Market for Healthcare, By Frequency Band, 2014–2022 (USD Million)
Table 34 Global MM Wave Technology Market for Healthcare, By Region, 2014–2022 (USD Million)
Table 35 Global MM Wave Technology Market for Industrial, By Frequency Band, 2014–2022 (USD Million)
Table 36 Global MM Wave Technology Market for Industrial, By Region, 2014–2022 (USD Million)
Table 37 Global MM Wave Technology Market for Security, By Frequency Band, 2014–2022 (USD Million)
Table 38 Global MM Wave Technology Market for Security, By Region, 2014–2022 (USD Million)
Table 39 Global Millimeter Wave Technology Market for Other Industries, By Frequency Band, 2014–2022 (USD Million)
Table 40 Global MM Wave Technology Market for Other Industries, By Region, 2014–2022 (USD Million)
Table 41 Global MM Wave Technology Market, By Region, 2014–2022 (USD Million)
Table 42 Millimeter Wave Technology Market in North America, By Country, 2014–2022 (USD Million)
Table 43 Market in North America, By Product, 2014–2022 (USD Million)
Table 44 Market in North America, By Frequency Band, 2014–2022 (USD Million)
Table 45 Market in North America, By Industry, 2014–2022 (USD Million)
Table 46 Millimeter Wave Technology Market in the U.S., By Product, 2014–2022 (USD Million)
Table 47 MM Wave Technology Market in Europe, By Country, 2014–2022 (USD Million)
Table 48 Market in Europe, By Product, 2014–2022 (USD Million)
Table 49 Market in Europe, By Frequency Band, 2014–2022 (USD Million)
Table 50 Market in Europe, By Industry, 2014–2022 (USD Million)
Table 51 MM Wave Technology Market in the U.K., By Product, 2014–2022 (USD Million)
Table 52 MM Wave Technology Market in Germany, By Product, 2014–2022 (USD Million)
Table 53 MM Wave Technology Market in APAC, By Country, 2014–2022 (USD Million)
Table 54 Market in APAC, By Product, 2014–2022 (USD Million)
Table 55 Market in APAC, By Frequency Band, 2014–2022 (USD Million)
Table 56 Market By APAC, By Industry, 2014–2022 (USD Million)
Table 57 MM Wave Technology Market in China, By Product, 2014–2022 (USD Million)
Table 58 MM Wave Technology Market in Japan, By Product, 2014–2022 (USD Million)
Table 59 MM Wave Technology Market in RoW, By Region, 2014–2022 (USD Million)
Table 60 Market in RoW, By Product, 2014–2022 (USD Million)
Table 61 Market in RoW, By Frequency Band, 2014–2022 (USD Million)
Table 62 Market in RoW, By Industry, 2014–2022 (USD Million)
Table 63 MM Wave Technology Market: Ranking Analysis, 2015
Table 64 New Product Launches, 2013–2016
Table 65 Agreements, Collaborations, Partnerships, and Contracts, 2013–2016


List of Figures (44 Figures)

Figure 1 Millimeter Wave Technology Market: Research Design
Figure 2 Key Data From Secondary Sources
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 MM Wave Technology Market Snapshot (2016 vs 2022): Market for Telecommunication Equipment to Witness the Highest Growth Rate During the Forecast Period
Figure 8 MM Wave Technology Market Snapshot (2016 vs 2022): Telecommunications Industry to Hold the Largest Market Size During the Forecast Period
Figure 9 North America Held the Largest Market Share in 2015
Figure 10 Upcoming 5G Technology to Create Opportunities for the MM Wave Technology Market By 2022)
Figure 11 Telecommunications Industry to Be the Largest Market for Millimeter Wave Technology Through 2022
Figure 12 Telecommunication Equipment and North America Held the Largest Share of the MM Wave Technology Market in 2015
Figure 13 MM Wave Technology Market in India Expected to Grow at the Highest Rate During the Forecast Period, 2016–2022
Figure 14 E-Band Expected to Hold the Largest Market Size By 2022
Figure 15 MM Wave Technology : Market Segmentation
Figure 16 MM Wave Technology Market: Value Chain
Figure 17 MM Wave Technology Market: Porter’s Five Forces Model
Figure 18 MM Wave Technology Market: Porter’s Analysis, 2015
Figure 19 MM Wave Technology Market: Threat of New Entrants, 2015
Figure 20 MM Wave Technology Market: Threat of Substitutes, 2015
Figure 21 MM Wave Technology Market: Bargaining Power of Suppliers, 2015
Figure 22 MM Wave Technology : Bargaining Power of Buyers, 2015
Figure 23 MM Wave Technology Market: Intensity of Competitive Rivalry, 2015
Figure 24 MM Wave Technology Market, By Product
Figure 25 Millimeter Wave Telecommunication Equipment is Expected to Hold the Largest Share During the Forecast Period
Figure 26 MM Wave Technology in the E-Band is Expected to Hold the Largest Market Through 2022
Figure 27 Millimeter Wave Telecommunication Equipment Market in Asia-Pacific is Expected to Grow at the Highest Rate Through 2022
Figure 28 MM Wave Technology Market, By Component
Figure 29 Antennas & Transceivers and Amplifiers are Expected to Hold the Major Share Through 2022
Figure 30 MM Wave Technology Market, By Frequency Band
Figure 31 MM Wave Technology in the E-Band Frequency Range is Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 32 Telecommunication Sector is Expected to Hold the Largest Market for the Millimeter Wave Technology Market in the V-Band Frequency Range
Figure 33 Global Millimeter Wave Technology Market, By Industry
Figure 34 Telecommunication Sector is Expected to Hold the Largest Share During the Forecast Period
Figure 35 Geographic Snapshot - Emerging Economies are the New Hot Spots 2016-2022
Figure 36 Snapshot of the Millimeter Wave Technology Market in North America: Demand Likely to Be Driven By the Mobile & Telecom Sector
Figure 37 Snapshot of the MM Wave Technology Market in Europe: Germany and U.K. Accounted for A Large Share of the Millimeter Wave Technology Market in Europe in 2015
Figure 38 Snapshot of the MM Wave Technology Market in APAC, 2015: Demand is Likely to Be Driven By the Increasing Adoption of Radar and Satellite Communication Systems
Figure 39 South America to Be A Large Market for Millimeter Wave Technology By 2022
Figure 40 Major Companies Adopted New Product Launches as the Key Growth Strategy in the Last Three Years
Figure 41 Market Evolution Framework: New Product Launches Fueled Growth and Innovation in the Global Millimeter Wave Technology Market
Figure 42 Battle for Market Share: New Product Launches Emerged as the Key Strategy
Figure 43 NEC Corporation: Company Snapshot
Figure 44 Keysight Technologies: Company Snapshot

The global millimeter wave technology market is expected to grow from USD 346.8 Million in 2015 to USD 4,632.8 Million by 2022, at a CAGR of 42.99% between 2015 and 2022. The growth of the market is driven by bandwidth-intensive applications that demand high-speed data transfer applications due to the increasing data in several sectors, especially the data generated from the smartphones and wearable technology devices.

The telecommunication, military & defense, automotive & transportation, healthcare, industrial, and security sectors are the key application areas for millimeter wave technology. The telecommunication sector was the largest application area, followed by military and defense, in 2015. However, the industrial sector is expected to provide the highest growth opportunities for the millimeter wave technology market during the forecast period. This market growth can be attributed to the potential demand for millimeter wave technology-based equipment for industrial process control, material research, and imaging applications.

The market for the telecommunication sector is expected to grow at the highest rate during the forecast period. This growth is mainly because of the high demand for bandwidth-intensive applications, use of small cell backhaul systems, and technology upgrades. Increasing rate of data consumption is driving the growth of the market for telecommunication equipment. Small cell backhauling is also playing a major role in fueling the growth of the millimeter wave technology market for the telecommunication sector.

The market for E-Band applications is expected to grow at the highest rate between 2016 and 2022. E-Band applications mainly include telecommunication equipment. Since telecommunication equipment is expected to grow at the highest rate, E-Band is also expected to grow at a high rate during the forecast period.

The market for ferrite devices (including magnetically soft and magnetically hard devices) is expected to grow at a high rate during the forecast period due to their applications in transformers, inductors, recording heads, microwave devices, and storage devices. The market growth can also be attributed to the increasing adoption of these millimeter wave devices in several sectors, especially in the telecommunication sector.

The millimeter wave technology market in RoW and APAC is expected to grow at a high rate during the forecast period due to the developments in the existing infrastructure and installation of new telecommunication equipment based on millimeter wave technology.

Millimeter Wave Technology Market

The report analyzes the restraints and challenges faced by the millimeter wave technology market that include short range & line-of-sight communication and propagation & environmental issues. The propagation characteristics of millimeter waves depend primarily on atmosphere (oxygen, rain, fog, and humidity), due to which their intensity may reduce, resulting in signal loss. Oxygen may result in the signal loss of less than 0.2dB per km and humidity between zero and about 50% loss per km i.e., 3dB/km. Hence, millimeter waves of V-band and E-frequency bands are used for short-distance communications. However, developments are being carried out to minimize these signal losses and have better propagation characteristics, which may take next three to five years.

The major players operating in the market are BridgeWave Communications (U.S.), E-Band Communications, LLC (U.S.), Siklu Communication Ltd. (Israel), SAGE Millimeter, Inc. (U.S.), Keysight Technologies (U.S.), Millitech Inc. (U.S.), NEC Corporation (Japan), Trex Enterprises Corporation (U.S.), LightPointe Communications, Inc (U.S.), and Farran technology Ltd. (Ireland).

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