Millimeter Wave (MMW) Technology Market Share, Growth and Technology Analysis up to 2025
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<strong>Millimeter</strong> <strong>Wave</strong> (<strong>MMW</strong>) <strong>Technology</strong> <strong>Market</strong> <strong>Share</strong>, <strong>Growth</strong> <strong>and</strong><br />
<strong>Technology</strong> <strong>Analysis</strong> <strong>up</strong> <strong>to</strong> <strong>2025</strong><br />
“<strong>Millimeter</strong> wave technology has the potential <strong>to</strong> offer optimal<br />
b<strong>and</strong>width delivery as compared <strong>to</strong> fiber optics, but without the<br />
installation <strong>and</strong> financial challenges of installing fiber. <strong>Millimeter</strong><br />
wave (<strong>MMW</strong>) technology is hence gaining greater traction as an<br />
alternative <strong>to</strong> fiber optics medium.”<br />
Global <strong>Millimeter</strong> <strong>Wave</strong> (<strong>MMW</strong>) <strong>Technology</strong> <strong>Market</strong> is anticipated <strong>to</strong> reach USD 8.69 billion owing <strong>to</strong> the<br />
increasing need for high-speed data transfer along with the overuse of the existing spectrum in industries like<br />
telecommunication <strong>and</strong> security services. <strong>Millimeter</strong> waves are the electromagnetic waves with wavelength<br />
from 1 <strong>to</strong> 10 millimeters that are used for high-speed wireless broadb<strong>and</strong> communications. They play an<br />
important role in communication, control <strong>and</strong> guidance, radar, radio astronomy, clinical medicine, spectroscopy<br />
<strong>and</strong> remote sensing technology.<br />
The end users of millimeter wave (<strong>MMW</strong>) technology comprising from corporate data centers <strong>to</strong> iPhone users<br />
are dem<strong>and</strong>ing innovative technologies <strong>to</strong> deliver the b<strong>and</strong>width higher than before. From among several<br />
technologies available for delivering the b<strong>and</strong>width, fiber optic cable is regarded as the major one. However,<br />
when economic fac<strong>to</strong>rs are considered, fiber optics is costly <strong>and</strong> its installation is complex.<br />
<strong>Millimeter</strong> wave technology has the potential <strong>to</strong> offer optimal b<strong>and</strong>width delivery as compared <strong>to</strong> fiber optics,<br />
but without the installation <strong>and</strong> financial challenges of installing fiber. <strong>Millimeter</strong> wave (<strong>MMW</strong>) technology is<br />
hence gaining greater traction as an alternative <strong>to</strong> fiber optics medium. The major areas of application of<br />
millimeter wave (<strong>MMW</strong>) technology are military & defense, security services, telecommunication, <strong>and</strong> medical<br />
<strong>and</strong> health care.<br />
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The growing government initiatives <strong>and</strong> funding, research <strong>and</strong> development activities by the private <strong>and</strong> public<br />
sec<strong>to</strong>rs, need for high-speed data transfer <strong>and</strong> the rising dem<strong>and</strong> for b<strong>and</strong>width-intensive applications are few<br />
driving fac<strong>to</strong>rs of millimeter wave (<strong>MMW</strong>) technology industry. Since these waves are transmitted through lineof-sight<br />
buildings there are some fac<strong>to</strong>rs that reduce its practical applications <strong>and</strong> make them less efficient. The<br />
devices compatible with millimeter wave technology need development since majority of devices are wellsuited<br />
with microwaves, which increases the overall cost of product.<br />
These fac<strong>to</strong>rs are expected <strong>to</strong> hinder the growth of millimeter wave technology market in near future. Owing <strong>to</strong><br />
the rising need for higher b<strong>and</strong>width, the millimeter waves are expected <strong>to</strong> play an important role in the<br />
progression of fifth-generation technology. The research & development along with inspection of 5G technology<br />
are some definite key fac<strong>to</strong>rs that are projected <strong>to</strong> drive the market growth for mobile <strong>and</strong> telecom functions<br />
in the years <strong>to</strong> come. Hence, several businesses are taking efforts <strong>to</strong> <strong>up</strong>grade their research & development<br />
activities <strong>to</strong> announce modernizations in the segment.<br />
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<strong>Millimeter</strong> wave technology industry is categorized on the basis of product, frequency b<strong>and</strong>, license type,<br />
application, <strong>and</strong> geography. On the basis of product, the market is divided in<strong>to</strong> scanner systems, radar <strong>and</strong><br />
satellite communication systems, telecommunication equipment, <strong>and</strong> others. Telecommunication equipment is<br />
estimated <strong>to</strong> hold larger market owing <strong>to</strong> the increase in number of mobile subscribers dem<strong>and</strong>ing for efficient<br />
mobile solutions with optimal connectivity <strong>and</strong> connection speed.<br />
In terms of frequency b<strong>and</strong>, millimeter wave (<strong>MMW</strong>) technology market is classified in<strong>to</strong> b<strong>and</strong> between 30 GHz<br />
<strong>and</strong> 57 GHz, b<strong>and</strong> between 57 GHz <strong>and</strong> 86 GHz, <strong>and</strong> b<strong>and</strong> between 86 GHz <strong>and</strong> 300 GHz. Based on license type,<br />
the market is divided in<strong>to</strong> Light licensed frequency, unlicensed frequency, <strong>and</strong> fully licensed frequency.<br />
On the basis of application, millimeter wave (<strong>MMW</strong>) technology industry is divided in<strong>to</strong> mobile &<br />
telecommunication, consumer & commercial, healthcare, industrial, au<strong>to</strong>motive <strong>and</strong> transportation, military,<br />
defense, <strong>and</strong> aerospace, <strong>and</strong> imaging. Owing <strong>to</strong> the research & developments, <strong>and</strong> testing of 5G technology,<br />
mobile <strong>and</strong> telecommunication is predicted <strong>to</strong> hold larger share of the market.<br />
Geographically, millimeter wave technology market is segmented as North America, Asia Pacific, Europe, <strong>and</strong><br />
RoW. Due <strong>to</strong> increasing need for high-speed data transfer <strong>and</strong> overuse of the existing spectrum in the telecom<br />
sec<strong>to</strong>r, North America is expected <strong>to</strong> dominate the market in near future.
The prominent players in millimeter wave technology industry include Proxim Wireless, E-B<strong>and</strong><br />
Communications, LLC, L3 Technologies, Inc., LightPointe Communications, Inc., NEC Corporation, Bridge<strong>Wave</strong><br />
Communications, Renaissance Electronics & Communications (HXi), Smiths Gro<strong>up</strong> Plc., Vubiq Networks, Inc.,<br />
QuinStar <strong>Technology</strong> Inc., ELVA-1, Wireless Excellence Ltd., <strong>and</strong> Siklu Communication Ltd.<br />
<strong>Market</strong> Segment:<br />
<strong>MMW</strong> <strong>Technology</strong> Product Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Telecommunication Equipment<br />
• Imaging & Scanning Systems<br />
• Radar & Satellite Communication Systems<br />
<strong>MMW</strong> <strong>Technology</strong> Component Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Antennas & Transceivers<br />
• Amplifiers<br />
• Oscilla<strong>to</strong>rs<br />
• Control Devices<br />
• Frequency Converters<br />
• Passive Components<br />
• Others<br />
<strong>MMW</strong> <strong>Technology</strong> Application Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• Telecommunications<br />
• Military & Defense<br />
• Au<strong>to</strong>motive & Transport<br />
• Healthcare<br />
• Electronics & Semiconduc<strong>to</strong>r<br />
• Security<br />
<strong>MMW</strong> <strong>Technology</strong> Frequency B<strong>and</strong> Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• V-B<strong>and</strong><br />
• E-B<strong>and</strong><br />
• Other Frequency B<strong>and</strong>s<br />
<strong>MMW</strong> <strong>Technology</strong> Regional Outlook (Revenue, USD Million; 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.
• Canada<br />
• Mexico<br />
• Europe<br />
• UK<br />
• Germany<br />
• Asia Pacific<br />
• China<br />
• Japan<br />
• South America <strong>and</strong> The Middle East & Africa (MEA)<br />
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/technology<br />
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