Global Millimeter Wave Technology Market Size, Share, Development, Growth and Demand Forecast to 2024

  • Publishing: June 2021
  • Report Code: SE10328
  • Available Format: PDF

The potential use of millimeter wave technology in 5g technology, and worldwide scope in defense, military, and aerospace and satellite communication applications are the factors which are expected to provide significant opportunities for the growth of the millimeter wave technology market, in the forecast period.

With increasing demand from enterprise level data centers and single consumers with smart phones requiring higher bandwidth, the demand for newer technologies to provide higher data transmission rates has been transformed to a higher level. A broad range of technologies exist for the delivery of high bandwidth, with fiber optic cable considered to be the peak standard. Millimeter wave wireless technology offers the potential to deliver bandwidth equivalent to that of fiber optics, but without the financial and logistical drawbacks of the deployments.

Millimeter wave represent the radio frequency signal spectrum between the frequencies 30GHz- 300GHz, with a wavelength between 1-10 mms. Millimeter waves can authorize more densely packed communications links, hence providing very effective spectrum utilization, and they can also increase the security of communication transmissions.

The global millimeter wave technology market can be segmented, on the basis of frequency band, license, product and component. Based upon frequency, the market can be segmented into 57 to 86GHz frequency millimeter wave, 8 - 57 GHz frequency millimeter wave, and 86 - 300 GHz frequency millimeter wave. Based on license, the millimeter wave market is divided into unlicensed, light licensed, and fully licensed. On the basis of product, the global millimeter wave technology market can be divided into telecommunication equipment, scanners and imaging systems, RADAR and satellite communication systems, and others. The millimeter wave components market is categorized, into antennas and transceiver, interface components, communication and networking components, imaging components, frequency sources and related components, RF and radio components, power and battery components, sensing and control components, and other components

The major growth drivers of the global millimeter wave technology market include increasing mobile data traffic, and demand for bandwidth intensive applications, upsurge in the usage of millimeter wave in small cell backhaul networks, escalating demand for innovative applications in the radar and security applications, and high potential usage of the millimeter wave technology, in consumer electronics applications.    

The limited range of the millimeter wave technology is one of the major challenges faced by millimeter wave technology market. According to the laws of physics, the shorter the wavelength, the shorter is the transmission range for a given power. While signals at poor frequency bands can spread apart  many miles, and enter more easily through rigid structures, millimeter wave signals travel only a few miles, and do not penetrate concrete materials effectively. This challenge restrains the range to 10 meters or less, thereby hindering the growth of the global millimeter wave technology market.

Some of the applications where the millimeter wave technology can be used, are disaster recovery, defense & aerospace (MDA) sector, automotive & transportation sector, military, financial/banking, retail, consumer & commercial sector, mobile & telecom sector, high definition television (HDTV) broadcast, healthcare, transportation and video surveillance, and emerging and next gen applications. Other applications of millimeter wave technology include short-range radar, backhaul for wireless base stations, and airport body scanners.

Millivision Technologies, SAGE Millimeter Inc., Keysight Technologies, Vubiq Networks Inc, BridgeWave Communications, E-Band Communications, LLC, Aviat Networks, NEC Corporation and Siklu Communication Ltd., are some of the major competitors of the global millimeters technology market.


Report Coverage

  • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
  • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
  • Uncovers potential demands in the market
  • Porter analysis identifies competitive forces within the market
  • Provides information on the historical and current market size and the future potential of the market
  • Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
  • Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
  • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market
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