Millimeter Wave Technology Market

Market Leader - Millimeter Wave Technology Market

The millimeter wave technology market has been segmented on the basis of product, frequency band, license type, application, component, and geography. The millimeter wave technology market is expected to grow at a CAGR of 35.2% between 2017 and 2023.

The providers of key millimeter wave technology-based products from North America and Europe led the global millimeter wave technology market in 2015. These companies have been expanding their offerings worldwide; they are also focusing on the key markets in APAC and RoW through collaborations, partnerships, acquisitions, and contracts among other strategies. Major companies have adopted various strategies such as mergers and acquisitions, partnerships, agreements, collaborations, new product launches, capacity expansions, and joint ventures to expand their global presence and increase market share.

Telecommunication, military & defense, automotive, healthcare, industrial, security, and others comprised the major application areas for millimeter wave technology in 2015. The market for telecommunication equipment is expected to grow at a significant rate during the forecast period. BridgeWave Communications, Inc., Millitech Inc., NEC Corporation, Siklu Communication Ltd., and Keysight Technologies, Inc. accounted for a large share of the global millimeter wave technology market in 2015, and their global presence provided a huge growth potential, which would help the companies hold a leading position in the millimeter wave technology market by 2022.

BridgeWave Communications provides wireless gigabit solutions, including point-to-point wireless bridges and wireless backhaul. The company offers its products and services for several applications such as mobile backhaul, fixed networks, healthcare, education, municipality, enterprise, and government. It focuses mainly on expanding its business through new product launches and developments and ensuring high product reliability and customer satisfaction by enhancing its existing product portfolio. In August 2013, the company unveiled the BridgeWave Eagle (BW-Eagle), a 70/80 GHz millimeter wave system that delivers 3Gbps full-duplex data rates per terminal and the highest system gain available in the market.

Millitech, Inc. provides components, sub-assemblies, antennas, and systems primarily for aerospace and defense applications and solutions that test, filter, and process high-frequency signals for wireless telecommunication networks systems. The company is focused on expanding its product range in different frequency bands. For example, in May 2016, the company launched gallium nitride (GaN)-based power amplifiers. These amplifiers are capable of delivering output power at Ka, E-Band, and W- Band with up to 20% power-added efficiency. Funded by a big parent company, it can spend more on R&D to enhance its product portfolio.

Related 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

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Report Code
SE 3472
Published ON
Jul, 2017
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