Millimeter Wave Technology Market

Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), License Type (Unlicensed, Fully Licensed), Application (Mobile and Telecom, Automotive), Component, Frequency Band, and Region - Global Forecast to 2025

Report Code: SE 3472 May, 2020, by marketsandmarkets.com

[182 Pages Report] The global millimeter wave technology market is estimated to grow from USD 1.0 billion in 2020 to USD 3.4 billion by 2025, at a CAGR of 26.4%. Increase in broadband and mobile speeds with growing utility and demand, rise in usage of millimeter wave in small-cell backhaul networks, and substantial demand in the use of millimeter wave technology in security and radar applications are among the factors driving the growth of this market.

Millimeter Wave Technology Market

Frequency sources & related components accounted for a larger share of millimeter wave technology market, by component, in 2019

The market for frequency sources & related components is projected to account for the largest share. The larger market share of frequency components is mainly due to the use of oscillators. The frequency sources and related components include oscillator source devices that generate 30 GHz to 300 GHz signals. The efficiency of signals generated from millimeter wave systems depends on the nature of frequencies involved in the component manufacturing process.

Telecommunication equipment accounted for the largest share of millimeter wave technology market, by product, in 2019

The telecommunication equipment is estimated to dominate the millimeter wave technology market by product. The high growth of the telecommunication equipment is due to the higher use of millimeter wave components for 5G backhaul. Also, millimeter wave components are widely used in indoor and outdoor telecommunication equipment, which includes small-cell and macro-cell equipment. The market for scanner systems is estimated to account for a significant share due to its high adoption in airports, malls, and other public places for people screening. The market for radar & satellite communication systems is projected to grow at a significant rate due to its adoption in military and defense applications.

Unlicensed spectrum accounted for a larger share of millimeter wave technology market in 2019

The millimeter wave technology for unlicensed frequencies accounted for the largest share by in 2019, due to the high adoption of millimeter wave for devices in the unlicensed frequency band. The fully licensed band is set to grow at the highest rate due to its increasing adoption, mainly in the mobile and the telecom sector. Users are expected to use light licensed and fully licensed frequency bands in the near future, owing to the lack of security in the unlicensed spectrum.

The market for 57-86 GHz accounted for a larger share of millimeter wave technology market in 2019

The millimeter wave technology market for 57–86 GHz frequency band is projected to account for the largest share and grow at the highest CAGR during the forecast period. The dominance of this frequency band is due to the high demand for this frequency band, as it serves numerous applications such as autonomous mining, security and perimeter protection, traffic monitoring, and automated cruise control. Apart from this, the E-band and V-band are mainly used for the telecom applications, which lie in the 57–86 GHz frequency band, which is expected to further increase the dominance of this frequency band.

Mobile & telecom applications dominated the millimeter wave technology market in 2019

The mobile & telecom applications dominated the millimeter wave technology market. The growth in this segment is mainly attributed to the large-scale adoption of millimeter wave technologies in 5G mobile phones and telecom infrastructure. The consumer & commercial applications are projected to witness significant growth during the forecast period, due to the high demand for high-speed transmission of video data in CCTV devices. The military, defense, and aerospace applications are expected to contribute significantly to the millimeter wave technology market, due to the higher adoption of millimeter wave components for satellite and aircraft.

Millimeter Wave Technology Market

North America accounted for a major share of millimeter wave technology market in 2019

The millimeter wave technology market in North America is estimated to account for the largest share. The growth in the market is mainly attributed to the higher adoption of millimeter wave technology in the mobile and telecom application. The majority of the players offering millimeter wave technology are from this region, such as Axxcss Wireless Solution, Keysight Technologies, Eravant, Aviat Networks, and L3HARRIS TECHNOLOGIES, which would propel the growth of the market in this region. However, the impact of COVID-19 has delayed the installations and implementation of 5G networks. Further, due to the lockdown situation in North America, almost all of the manufacturing facilities have been shut down; it is expected that this would recover by the end of 2020 or the beginning of 2021.

Key Market Players

Axxcss Wireless Solutions (US), Keysight Technologies (US), NEC Corporation (Japan), Eravant (US), Siklu Communication (Japan), Aviat Networks (US), Farran Technologies (Ireland), L3HARRIS (US), Smiths Group (UK), and Millimeter Wave Products (US) are a few major companies operating in the millimeter wave technology market. These companies have adopted both organic and inorganic growth strategies such as product launches and installations, contracts, mergers, collaborations, partnerships, and expansions to strengthen their position in the market.

Scope of the Report:

Report Metric

Details

 

Market size available for years

 

2017–2025

Base year

2019

Forecast period

2020–2025

Forecast unit

Value (USD million/billion)

Segments covered

Component, product, frequency band, license type, application, and region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

  • Axxcss Wireless Solutions (US)
  • Keysight Technologies (US)
  • NEC Corporation (Japan)
  • Eravant (US)
  • Siklu Communication (Japan)
  • Aviat Networks (US)
  • Farran Technologies (Ireland)
  • L3HARRIS (US)
  • Smiths Group (UK)
  • Millimeter Wave Products (US)

This report categorizes the millimeter wave technology market based on component, product, frequency band, license type, application, and region.

By Component

  • Antennas & transceiver components
  • Frequency sources & related components
  • Communication & networking components
  • Imaging components
  • RF & radio components
  • Sensors & controls
  • Interface components
  • Power & battery components
  • Other components

By Product

  • Scanner systems
  • Radar and satellite communication systems
  • Telecommunication equipment
  • Other products

By Frequency Band

  • 24–57 GHz
  • 57–86 GHz
  • 86–300 GHz

By License Type

  • Light licensed frequency millimeter wave
  • Unlicensed frequency millimeter wave
  • Fully licensed frequency millimeter wave

By Application

  • Mobile & telecom
  • Consumer & commercial
  • Healthcare
  • Industrial
  • Automotive & transportation
  • Imaging

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Rest of Europe (Italy, Switzerland, Spain, and the Netherlands)
  • APAC
    • China
    • Japan
    • South Korea
    • India
    • Rest of APAC (Australia, Singapore, and Vietnam)
  • RoW
    • Middle East & Africa
    • South America

Major Market Developments

  • In March 2020, Eravant launched custom waveguide solutions ranging from customized waveguide sections and flanges.
  • In March 2020, Keysight and VIOMI, pioneer of [email protected], entered into a collaboration to accelerate 5G enabled IoT smart home. VIOMI selected Keysight's 5G solutions to validate the radio frequency (RF) performance of the company's IoT devices for home applications.
  • In January 2020, NEC and Altiostar, the global leader in providing 5G-ready, open, virtualized RAN (vRAN) solutions, entered into a collaboration to quicken the deployment of 4G/5G open vRAN solutions. The combined offering will help service providers to improve quality of experience, enhance spectral efficiency, and significantly reduce total cost of ownership (TCO).
  • In January 2020, NEC developed a millimeter-wave distributed antenna radio unit for the efficient use of the 5G millimeter-wave spectrum (28 GHz band), thus improving the channel quality for indoor 5G applications.
  • In October. 2019 Siklu and BATS Wireless, innovator of wireless stabilization, optimization, and tracking systems, announced the testing of BATS’ OnPoint 5G antenna stabilization system with radio partner Siklu’s EtherHaul 8010FX, a high-throughput, millimeter-wave wireless radio, ideal for 5G backhaul applications. The successful test demonstrated how the OnPoint 5G could help meet or exceed the stability requirements of a high-capacity millimeter wave link.

Key Questions Addressed by the Report

  • Where will all these developments take the industry in the mid-to-long term?
  • What are the upcoming trends in the millimeter wave technology market?
  • What are the opportunities for the existing players and for those who are planning to enter various stages of the millimeter wave technology value chain?
  • How the adoption of inorganic growth strategies, such as acquisitions and partnerships, will have a positive impact on the growth of the millimeter wave technology market? Which players are likely to adopt these strategies in the near future to create a position or increase share in this market?
  • What are the emerging applications of millimeter wave technology products?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
1INTRODUCTION (PAGE NO. - 24)
1.1Study Objectives
1.2Market Definition
1.2.1Inclusions & exclusions
1.3Scope
1.3.1Markets covered
1.3.2Years considered
1.4Currency
1.5Market Stakeholders
2RESEARCH METHODOLOGY (PAGE NO. - 28)
2.1Research Data
Figure 1Millimeter wave technology market: Research design
2.1.1Secondary data
2.1.1.1Secondary sources
2.1.2Primary data
2.1.2.1Primary sources
2.1.2.2Key industry insights
2.1.2.3Breakdown of primaries
2.2Market Size Estimation
Figure 2Market size estimation methodology: Supply side analysis
Figure 3Market size estimation methodology: Approach 1 (supply side): Identification of revenue generated by companies from millimeter wave component and products
2.2.1Bottom-up approach
2.2.1.1Approach for capturing market size by bottom-up analysis (demand side)
Figure 4Market size estimation methodology: Bottom-up approach
2.2.2Top-Down approach
2.2.2.1Approach for capturing market share by top-down analysis (supply side)
Figure 5Market size estimation methodology: Top-down approach
2.3Market Breakdown and Data Triangulation
Figure 6Data triangulation
2.4Research Assumptions
3EXECUTIVE SUMMARY (PAGE NO. - 37)
Figure 7Telecommunication equipment lead millimeter wave technology market during forecast period
Figure 8Unlicensed band to account for a larger share in millimeter wave technology market during the forecast period
Figure 957–86 GHz to account for a larger market share during the forecast period
Figure 10Frequency sources & related components to occupy the largest share during the forecast period
Figure 11Mobile & telecom applications to dominate the millimeter wave technology market during forecast period
Figure 12North America to account for largest share of millimeter wave technology market by 2025
4PREMIUM INSIGHTS (PAGE NO. - 41)
4.1Attractive opportunities in the millimeter wave technology market
Figure 13Increase in the broadband and mobile speeds to drive the market for millimeter wave technology
4.2North America: Millimeter wave technology market, by key application & country
Figure 14Mobile & telecom and the US to be largest shareholders of their respective segments in North America by 2025
4.3Country-wise millimeter wave technology market
Figure 15The millimeter wave technology market in China to grow at highest CAGR during forecast period
5MARKET OVERVIEW (PAGE NO. - 44)
5.1Introduction
5.2Market Dynamics
Figure 16Millimeter wave technology market: Drivers, restraints, opportunities, and challenges
5.2.1Drivers
Figure 17Millimeter wave technology market: Drivers and their impact
5.2.1.1Increase in broadband and mobile speeds with growing utility and demand
Figure 18Fixed broadband speeds
Figure 19Mobile (cellular) speeds
5.2.1.2Rise in usage of millimeter wave in small-cell backhaul networks
Figure 20Global mobile data traffic (per month)
5.2.1.3Substantial demand in the use of millimeter wave technology in security and radar applications
Table 1Millimeter wave frequencies and applications
5.2.2Restraints
Figure 21Millimeter wave technology market: Restraints and its impact
5.2.2.1Low penetration power through objects and adverse impact on the environment
5.2.3Opportunities
Figure 22Millimeter wave technology market: Opportunities and their impact
5.2.3.1Increase in usage of 5G and millimeter wave technology
Figure 23Number of 5G Subscribers, 2019–2025 (Million)
5.2.3.2Significant opportunities in military, defense, and aerospace applications
5.2.3.3Significant opportunities for growth of the automotive industry
5.2.3.4Rise in number of IoT-based devices
Figure 24Number of iot devices, 2018–2025 (Billion units)
5.2.4Challenges
Figure 25Millimeter wave technology market: Challenges and its impact
5.2.4.1Non-uniform licensing approach
5.3Value chain analysis
Figure 26Value chain analysis
6SOFTWARE & SERVICES USED IN MILLIMETER WAVE TECHNOLOGY (PAGE NO. - 55)
6.1Software & Services
6.2Case Study
6.2.1Telecommunication
6.2.1.1NTT DOCOMO gains an opportunistic advantage in 5G deployment
6.2.1.2LightPointe connects buildings for Porsche Informatik
6.2.1.3Skycom1 relies on HaulPass V60s V-Band Wireless Links
6.2.2Imaging
6.2.2.1First-to-market radio-wave breast imaging system achieved with network analyzer
6.2.2.2Memorial sloan-kettering cancer center finds cure for network congestion with high-speed outdoor wireless links from LightPointe
6.2.3Automotive & transportation
6.2.3.1LightPointe connects buildings for public transportation department in washington state
6.2.3.2Proxim solution enables seamless surveillance along the Tenerife Tram Line, Spain
6.2.4Industrial
6.2.4.1High-capacity industrial wireless connectivity for world’s leading steel manufacturer, ArcelorMittal
6.2.4.2Kingston Technology connects with HaulPass V60s wireless broadband for disaster recovery and campus network expansion
6.2.5Consumer & commercial
6.2.5.1The Martin Agency deployed a LightPointe Free Space Optics wireless bridge to connect their buildings in Richmond, Virginia
6.2.5.2City of Mission Viejo deploys cost-effective broadband wireless gigabit ethernet link to Potocki Conference Center
7MILLIMETER WAVE TECHNOLOGY MARKET, BY COMPONENT (PAGE NO. - 59)
7.1Introduction
Figure 27Millimeter wave technology market for antennas and transceivers to grow at highest CAGR from 2020 to 2025
Table 2Millimeter wave technology market size, by component, 2017–2025 (USD Million)
7.2Antennas & transceivers
7.2.1Functioning of Millimeter wave-based equipment is highly affected by antennas & transceivers
Table 3Providers of millimeter wave antennas
7.3Frequency Sources & Related Components
7.3.1Frequency sources are mainly oscillator source devices that generates millimeter waves
7.4Communication & Networking Components
7.4.1Communication & networking devices mainly includes switches and routers
7.5Imaging Components
7.5.1Imaging components find applications in automotive, medical, and industrial inspections
7.6RF & Radio Components
7.6.1RF & radio components are used in millimeter wave radios for small-cell backhaul applications
7.7Sensors & Controls
7.7.1Sensors & controls are used in millimeter wave scanners
7.8Interface Controls
7.8.1Interface controls mainly includes input and output controls
7.9Power & Battery Components
7.9.1Handheld device application requires battery while other devices work on power
7.1Other Components
7.10.1Other components include waveguide components, rotary joints, filters, detectors, and flanges
8MILLIMETER WAVE TECHNOLOGY MARKET, BY PRODUCT (PAGE NO. - 66)
8.1Introduction
Figure 28Market for telecommunication equipment to grow at the highest CAGR
Table 4Millimeter wave technology market size, by product, 2017–2025 (USD Million)
8.2Scanner Systems
8.2.1Scanner systems are used for people screening
Table 5Scanner systems market size, by type, 2017–2025 (USD Million)
Table 6North America: Scanner systems market size, by country, 2017–2025 (USD Million)
Table 7Europe: Scanner systems market size, by country, 2017–2025 (USD Million)
Table 8APAC: Scanner systems market size, by country, 2017–2025 (USD Million)
Table 9ROW: Scanner systems market size, by region, 2017–2025 (USD Million)
8.2.2Active Scanners
8.2.2.1Active millimeter scanners direct millimeter wave energy at a subject and then interpret the reflected energy
8.2.3Passive Scanners
8.2.3.1Passive systems produce images using only ambient radiation and radiation discharged from the human body or objects
8.3Radar & Satellite Communication Systems
Table 10Radar & satellite communication systems market size, by type, 2017–2025 (USD Million)
Table 11North America: Radar & satellite communication systems market size , by country, 2017–2025 (USD Million)
Table 12Europe: Radar & satellite communication systems market size, by country, 2017–2025 (USD Million)
Table 13APAC: Radar & satellite communication systems market size, by country, 2017–2025 (USD Million)
Table 14ROW: Radar & satellite communication systems market size, by region, 2017–2025 (USD Million)
8.3.1Perimeter surveillance radar systems (PSRS)
8.3.1.1PSRS monitors activity surrounding critical areas such as security
8.3.2Application specific radar systems
8.3.2.1Application-specific radar systems are used in automotive and defense applications
8.3.3Satellite communication systems
8.3.3.1Satellite communication systems are used mainly in repeaters for the use in V-band and E-band
8.4Telecommunication Equipment
8.4.1Mobile backhaul Equipment
8.4.1.1Mobile backhaul refers to the procedure of transmitting data to the backbone network
8.4.2Small-cell equipment
8.4.2.1Small-cell backhaul equipment uses unlicensed 60 GHz frequency band
8.4.3Macro-cell Equipment
8.4.3.1Macro-cells are used for wide outdoor coverage ranging from 3–5 km (1.8–3 miles)
Table 15Mobile backhaul equipment market size, by type, 2017–2025 (USD Million)
Table 16North America: Mobile backhaul equipment market size , by country, 2017–2025 (USD Million)
Table 17Europe: Mobile backhaul equipment market size, by country, 2017–2025 (USD Million)
Table 18APAC: Mobile backhaul equipment market size, by country, 2017–2025 (USD Million)
Table 19ROW: Mobile backhaul equipment market size, by region, 2017–2025 (USD Million)
8.5Other Products
8.5.1Other networking equipment includes millimeter wave equipment used in enterprise and cellular DAS
Table 20North America: Other millimeter wave technology products market size , by country, 2017–2025 (USD Million)
Table 21Europe: Other millimeter wave technology products market size, by country, 2017–2025 (USD Million)
Table 22APAC: Other millimeter wave technology products market size, by country, 2017–2025 (USD Million)
Table 23ROW: Other millimeter wave technology products market size, by region, 2017–2025 (USD Million)
9MILLIMETER WAVE TECHNOLOGY MARKET, BY LICENSE TYPE (PAGE NO. - 78)
9.1Introduction
Figure 29Market for fully licensed millimeter wave technology to grow at the highest CAGR
Table 24Millimeter wave technology market size, by license type, 2017–2025 (USD Million)
9.2Light Licensed Frequency Millimeter Waves
9.2.1Light licensed millimeter waves enable point-to-point wireless communications
9.3Unlicensed Frequency Millimeter Waves
9.3.1Unlicensed millimeter waves are unaffected by wind or sunlight
9.4Fully Licensed Frequency Millimeter Waves
9.4.1Fully licensed millimeter waves to be widely adopted in the telecom sector
10MILLIMETER WAVE TECHNOLOGY MARKET, BY FREQUENCY BAND (PAGE NO. - 82)
10.1Introduction
Figure 30Millimeter wave technology market for 57–86 GHz frequency band to grow at the highest CAGR
Table 25Millimeter wave technology market size, by frequency band, 2017–2025 (USD Million)
10.224–57 Ghz
10.2.1Frequencies 24, 26, 28, and 40 Ghz to provide opportunities in the telecom sector
10.357–86 Ghz
Table 26Characteristics of v-band and e-band
10.3.1V-band
10.3.1.1V-Band to provide opportunities for mobile operators
10.3.2E-band
10.3.2.1E-Band can provide data speeds up to 25 Gbps
10.486–300 Ghz
10.4.186–300 Ghz are used for long-range telecom and military & defense sector
11MILLIMETER WAVE TECHNOLOGY MARKET, BY APPLICATION (PAGE NO. - 88)
11.1Introduction
Figure 31Market for millimeter wave technology in mobile & telecom applications to grow at the highest CAGR
Table 27Millimeter wave technology market size, by application, 2017–2025 (USD Million)
11.2Mobile & Telecom
11.2.1Adoption of millimeter wave technology in 5G to create significant demand
Table 28North America: Millimeter wave technology market size in mobile & telecom applications, by country, 2017–2025 (USD Million)
Table 29Europe: Millimeter wave technology market size in mobile & telecom applications, by country, 2017–2025 (USD Million)
Table 30APAC: Millimeter wave technology market size in mobile & telecom applications, by country, 2017–2025 (USD Million)
Table 31ROW: Millimeter wave technology market size in mobile & telecom applications, by region, 2017–2025 (USD Million)
11.3Consumer & Commercial
11.3.1Increase in use in wireless sensor and wireless security applications
Table 32North America: Millimeter wave technology market size in consumer & commercial applications, by country, 2017–2025 (USD Million)
Table 33Europe: Millimeter wave technology market size in consumer & commercial applications, by country, 2017–2025 (USD Million)
Table 34APAC: Millimeter wave technology market size in consumer & commercial applications, by country, 2017–2025 (USD Million)
Table 35ROW: Millimeter wave technology market size in consumer & commercial applications, by region, 2017–2025 (USD Million)
11.4Healthcare
11.4.1Millimeter wave technology is used in healthcare applications for medical scanning and imaging applications
Table 36North America: Millimeter wave technology market size in healthcare applications, by country, 2017–2025 (USD Million)
Table 37Europe: Millimeter wave technology market size in healthcare applications, by country, 2017–2025 (USD Million)
Table 38APAC: Millimeter wave technology market size in healthcare applications, by country, 2017–2025 (USD Million)
Table 39ROW: Millimeter wave technology market size in healthcare applications, by region, 2017–2025 (USD Million)
11.5Industrial
11.5.1Millimeter wave technology is used in healthcare for medical scanning and imaging applications
Table 40North America: Millimeter wave technology market size in industrial applications, by country, 2017–2025 (USD Million)
Table 41Europe: Millimeter wave technology market size in industrial applications, by country, 2017–2025 (USD Million)
Table 42APAC: Millimeter wave technology market size in industrial applications, by country 2017–2025 (USD Million)
Table 43ROW: Millimeter wave technology market size in industrial applications, by region, 2017–2025 (USD Million)
11.6Automotive & Transportation
11.6.1Adoption of millimeter wave radars in autonomous vehicles
Table 44North America: Millimeter wave technology market size in automotive & transportation applications, by country, 2017–2025 (USD Million)
Table 45Europe: Millimeter wave technology market size in automotive & transportation applications, by country, 2017–2025 (USD Million)
Table 46APAC: Millimeter wave technology market size in automotive & transportation applications, by country, 2017–2025 (USD Million)
Table 47ROW: Millimeter wave technology market size in automotive & transportation applications, by region, 2017–2025 (USD Million)
11.7Military, Defense, and Aerospace
11.7.1Rising use of millimeter wave technology in aircraft and satellite application
Table 48North America: Millimeter wave technology market size in military, defense, and aerospace applications, by country, 2017–2025 (USD Million)
Table 49Europe: Millimeter wave technology market size in military, defense, and aerospace applications , by country, 2017–2025 (USD Million)
Table 50APAC: Millimeter wave technology market size in military, defense, and aerospace applications, by country, 2017–2025 (USD Million)
Table 51ROW: Millimeter wave technology market size in military, defense, and aerospace applications, by region, 2017–2025 (USD Million)
11.8Imaging
11.8.1Rising adoption of millimeter wave-based imaging products at airports and concerts
Table 52North America: Millimeter wave technology market size in imaging applications, by country, 2017–2025 (USD Million)
Table 53Europe: Millimeter wave technology market size in imaging applications, by country, 2017–2025 (USD Million)
Table 54APAC: Millimeter wave technology market size in imaging applications, by country, 2017–2025 (USD Million)
Table 55ROW: Millimeter wave technology market size in imaging applications, by region, 2017–2025 (USD Million)
12MILLIMETER WAVE TECHNOLOGY MARKET, BY REGION (PAGE NO. - 103)
12.1Introduction
Figure 32North America to dominate millimeter wave technology market from 2020 to 2025
Table 56Millimeter wave technology market size, by region, 2017–2025 (USD Million)
12.2North America
Figure 33North America: Millimeter wave technology market snapshot
Figure 34The US to capture largest market in North America from 2020 to 2025
Table 57North America: Millimeter wave technology market size, by country, 2017–2025 (USD Million)
Figure 35Mobile & telecom to capture the largest market in North America from 2020 to 2025
Table 58North America: Millimeter wave technology market, by application, 2017–2025 (USD Million)
Table 59Millimeter wave technology market in North America, by product, 2017–2025 (USD Million)
12.2.1US
12.2.1.1Presence of major players offering millimeter wave to spur the growth of the market
12.2.1.2COVID-19 impact on the US millimeter wave technology market
Table 60US: Millimeter technology wave market size, by application, 2017–2025 (USD Million)
Table 61US: Millimeter technology wave market size, by product, 2017–2025 (USD Million)
12.2.2Canada
12.2.2.15G rollouts to spur the market growth in Canada
12.2.2.2Impact of COVID-19 on the Canadian millimeter wave technology market
Table 62Canada: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 63Canada: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.2.3Mexico
12.2.3.1Steady growth in the Mexican millimeter wave technology market
12.2.3.2Impact of COVID-19 on Mexican millimeter wave technology market
Table 64Mexico: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 65Mexico: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.3Europe
Figure 36Europe: Millimeter wave technology market snapshot
Figure 37The UK to grow at the highest rate in the millimeter wave technology market in Europe
Table 66Europe: Millimeter wave technology market size, by country, 2017–2025 (USD Million)
Figure 38Mobile & telecom to dominate the millimeter wave technology market in Europe from 2020 to 2025
Table 67Europe: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 68Europe: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.3.1UK
12.3.1.1Investments from the government to propel market growth
12.3.1.2Impact of COVID-19 on the UK millimeter wave technology market
Table 69UK: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 70UK: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.3.2Germany
12.3.2.1High deployment of millimeter wave technologies in industries
12.3.2.2Impact of COVID-19 on German millimeter wave technology market
Table 71Germany: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 72Germany: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.3.3France
12.3.3.1Technological shift of the telecom operators to propel growth for millimeter wave technology
12.3.3.2Impact of COVID-19 on French millimeter wave technology market
Table 73France: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 74France: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.3.4Rest of Europe>
Table 75Rest of Europe: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 76Rest of Europe: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.4APAC
Figure 39APAC: Millimeter wave technology market
Figure 40China to dominate the millimeter wave technology market in APAC from 2020 to 2025
Table 77APAC: Millimeter wave technology market size, by country, 2017–2025 (USD Million)
Figure 41Mobile & telecom to dominate the millimeter wave technology market in APAC from 2020 to 2025
Table 78APAC: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 79APAC: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.4.1CHINA
12.4.1.1China has the largest customer base for telecom services which would spur the growth of the market
12.4.1.2Impact of COVID-19 on Chinese millimeter wave technology market
Table 80China: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 81China: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.4.2Japan
12.4.2.1Telecom and automotive applications would lead the millimeter wave technology market
12.4.2.2COVID-19 Impact on the Japanese millimeter wave technology market
Table 82Japan: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 83Japan: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.4.3South Korea
12.4.3.1Strong telecom infrastructure and availability of 5G mobile phones to propel market growth
12.4.3.2Impact of COVID-19 on South Korean millimeter wave market
Table 84South Korea: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 85South Korea: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.4.4India
12.4.4.1Strong telecom infrastructure and availability of 5G mobile phones to propel market growth
12.4.4.2COVID-19 impact on the Indian millimeter wave technology market
Table 86India: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 87India: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.4.5Rest of APAC
Table 88Rest of APAC: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 89Rest of APAC: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.5Rest of the world (ROW)
12.5.1Impact of COVID-19 on RoW
Figure 42South America to dominate the millimeter wave technology market in ROW from 2020 to 2025
Table 90ROW: Millimeter wave technology market size, by region, 2017–2025 (USD Million)
Figure 43Military, defense, and aerospace to dominate the millimeter wave technology market in APAC from 2020 to 2025
Table 91ROW: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 92ROW: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.5.2Middle East & Africa
12.5.2.1The Middle Eastern market growth to witness higher adoption of millimeter wave technologies for industrial, MDA, and telecom sectors
Table 93Middle East & Africa: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 94Middle East & Africa: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
12.5.3South America
12.5.3.1The South American market to be driven by 5G deployments and partnerships of local players with global players
Table 95South America: Millimeter wave technology market size, by application, 2017–2025 (USD Million)
Table 96South America: Millimeter wave technology market size, by product, 2017–2025 (USD Million)
13COMPETITIVE LANDSCAPE (PAGE NO. - 139)
13.1Overview
Figure 44Organic and inorganic strategies adopted by companies operating in millimeter wave technology market
13.2Market ranking analysis
Table 97Market player ranking, 2019
13.3Competitive Scenario
13.3.1Product launches & installations
Table 98Product launches & installations, 2019–2020
13.3.2Contracts, mergers, partnerships, and collaborations
Table 99Contracts, mergers, partnerships, and collaborations, 2019–2020
13.3.3Expansions
Table 100Expansions, 2018
13.4Competitive Leadership Mapping
13.4.1Visionary leaders
13.4.2Innovators
13.4.3Dynamic differentiators
13.4.4Emerging players
Figure 45Millimeter wave technology market (Global) competitive leadership mapping, 2019
13.5Business strategy excellence (for 25 companies)
Figure 46Business strategy excellence of top players in millimeter wave technology market
13.6Strength of Product Portfolio (for 25 players)
Figure 47Product portfolio analysis of top players in millimeter wave technology market
14COMPANY PROFILES (PAGE NO. - 147)
14.1Introduction
14.2Key players
(Business Overview, Products and solutions offered, Recent Developments, SWOT Analysis, MnM View)*
14.2.1AXXCSS WIRELESS SOLUTIONS
14.2.2KEYSIGHT TECHNOLOGIES
Figure 48KEYSIGHT TECHNOLOGIES: Company snapshot
14.2.3NEC CORPORATION
Figure 49NEC CORPORATION: Company snapshot
14.2.4ERAVANT (SAGE MILLIMETER)
14.2.5SIKLU COMMUNICATION
14.2.6AVIAT NETWORKS
Figure 50AVIAT NETWORKS: Company snapshot
14.2.7FARRAN TECHNOLOGY
14.2.8L3HARRIS
Figure 51L3HARRIS TECHNOLOGIES, INC.: Company snapshot
14.2.9SMITHS GROUP PLC
Figure 52SMITHS GROUP PLC.: Company snapshot
14.2.10MILLIMETER WAVE PRODUCTS INC.
14.3Right-to-Win
14.4Other Key Players
14.4.1MILLIVISION TECHNOLOGIES
14.4.2VUBIQ NETWORKS
14.4.3ELVA-1
14.4.4PROXIM WIRELESS
14.4.5CABLEFREE
14.4.6FASTBACK NETWORKS
14.4.7QUINSTAR TECHNOLOGY
14.4.8LIGHTPOINTE COMMUNICATIONS, INC. (LIGHTPOINTE WIRELESS)
14.4.9TREX ENTERPRISES CORPORATION (TREX)
14.4.10NUCTECH
14.4.11OSI SYSTEMS
*Details on Business Overview, Products and solutions offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15APPENDIX
15.1Discussion Guide
15.2Knowledge Store: MarketsandMarkets’ Subscription Portal
15.3Available Customizations
15.4Related Reports
15.5Author Details

The study involved four major activities for estimating the size of the global millimeter wave technology market.

  • Exhaustive secondary research has been carried out to collect information relevant to the market, the peer market, and the parent market.
  • Primary research has been undertaken to validate these findings, assumptions, and sizing with the industry experts across the value chain of the millimeter wave technology market.
  • Both top-down and bottom-up approaches have been employed to estimate the complete market size.
  • After that, the market breakdown and data triangulation methods have been used to estimate the size of different segments and subsegments of the market.

Secondary Research

The research methodology used to estimate and forecast the size of the millimeter wave technology market began by capturing data related to the revenues of key vendors in the market through secondary research. This study involved the extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the millimeter wave technology market. Vendor offerings have been taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors, directories, and databases.

Primary Research

The millimeter wave technology market comprises several stakeholders, such as suppliers of standard components and original equipment manufacturers (OEMs). The demand side of this market is characterized by the development and manufacture of millimeter wave technology applications. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

Millimeter Wave Technology Market

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the millimeter wave technology market and its segments. The research methodology used to estimate the market size included the following:

  • Key players in the market have been identified through extensive secondary research.
  • The supply chain of the manufacturing industry and the size of the millimeter wave technology market, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data has been triangulated by studying various factors and trends from both the demand and supply sides of the millimeter wave technology market.

Research Objectives

  • To describe and forecast the overall size of the millimeter wave technology market by component, product, frequency, license, and application, in terms of value
  • To describe and forecast the size of the market, by region—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
  • To provide detailed information regarding major factors such as drivers, restraints, opportunities, and challenges influencing the market growth
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To strategically profile the key players and comprehensively analyze their position in the underfloor heating market in terms of their ranking and core competencies, as well as provide detailed information on the competitive landscape of the market
  • To analyze competitive developments such as product launches and installations, contracts, mergers, collaborations, partnerships, and expansions undertaken in the millimeter wave technology market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

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

Critical Questions

  • What are new application areas being explored by the providers of millimeter wave technology?
  • Who are the key players in the millimeter wave technology market, and how intense is the competition in this market?
COVID-19

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