Millimeter Wave Technology Market by Component (Sensors & Controls, Imaging Components, Antennas & Waveguide), by Product (Telecommunication, Radar, Satellite), by Frequency Range (57-66 GHz, 67-91 GHz) by Region (Asia-Pacific, North America, Europe, Middle East & Africa, South America) – Global Forecast from 2020 To 2027

Millimeter Wave Technology Market - Global Industry Analysis and Forecast 2020 to 2027

Millimeter Wave Technology Market: Summary

The Global Millimeter Wave Technology Market is projected to reach a value of over USD 6.42 billion by 2027 at a CAGR of around 26.2%.

Millimeter waves are extremely high frequencies (EHF) are well suited for 5G operations. As compared to frequencies which are used in mobile device i.e. 5 GHz, millimeter wave technology allows transmission on frequencies between 30 GHz and 300 GHz. The wavelength of these frequencies are in between 1 mm and 10 mm hence these frequencies are known as millimeter waves. In current scenario, only radar systems and satellites use millimeter waves. But, some mobile network providers have also started using millimeter waves to transmit the data between two fixed points.

Millimeter Wave Technology Market

Millimeter Wave Technology Market: Drivers & Opportunity

Market Driver:

  • Proliferation of Millimeter Wave Technology in Consumer Electronics

In past years, millimeter wave technology is only used for radar and satellite communication. But in current scenario, these waves are used in consumer electronics. The millimeter-wave antennas for smartphones are one of the key components to complete the transition to 5G mobile networks. In Feb 2020, SAMSUNG launched new Galaxy S20 5G lineup of smartphones, including two 5G models that are the first capable of tapping both sub-6 GHz and millimeter wave spectrum bands.

Hence, increasing smartphone and rising sales of advanced smartphone market will have expected to drive the market during forecast period. 

Market Opportunity:

  • Evolution of 5G

Currently, 4G LTE technology uses lower frequency spectrum, generally below 1 GHz, to deliver data at great speed. But in recent years, many global players are investing in 5G market for providing better speed, reliability, and efficient Internet to the end users. Millimeter wave technology will allow a 5G network in all current applications as well as ones that have not been created. In some days, 5G will power data intensive applications which includes traffic management, connected homes, automobile, entertainment, and supply chain management among others. Hence, it will create many opportunities for the millimeter wave technology market during growth period. 

Millimeter Wave Technology Market: Key Segments

  • Segmentation based on component: Sensors & Controls, Imaging Components, Antennas & Waveguide, RF & Radio, Transceivers, Frequency Meters, Communication & Networking, and Others
  • Segmentation based on product: Telecommunication Equipment, Radar Communication System, and Satellite Communication System
  • Segmentation based on Frequency Range: 57-66 GHz, 67-91 GHz, 92-95 GHz, and Above 95 GHz
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Millimeter Wave Technology Market: Report Scope

The report on the millimeter wave technology market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Component, Product, Frequency Range, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Keysight Technologies (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • BridgeWave Communications (REMEC Broadband Wireless Networks LLC)
  • NEC Corporation
  •  Galion LLC
  • Eravant
  • Siklu Inc.
  • Aviat Networks, Inc.
  • Smiths Group plc
  • L3Harris Technologies, Inc.
  • Trex Enterprises Corporation
  • QuinStar Technology, Inc.
  • Millimeter Wave Products Inc.
  •  E-Band Communications, LLC.
  •  Farran Technology
  • Other Key Companies

Millimeter Wave Technology Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Millimeter Wave Technology Market, by Component

  • Sensors & Controls
  • Imaging Components
  • Antennas & Waveguide
  • RF & Radio
  • Transceivers
  • Frequency Meters
  • Communication & Networking
  • Others

Millimeter Wave Technology Market, by Product

  • Telecommunication Equipment
  • Radar Communication System
  • Satellite Communication System

Millimeter Wave Technology Market, by Frequency Range

  • 57-66 GHz
  • 67-91 GHz
  • 92-95 GHz
  • Above 95 GHz

Millimeter Wave Technology Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Switzerland
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Millimeter Wave Technology Market Providers
  • Millimeter Wave Technology Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Millimeter Wave Technology Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE MILLIMETER WAVE TECHNOLOGY MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Proliferation of Millimeter Wave Technology in Consumer Electronics
      2. Increasing Demand for Millimeter Wave Technology in Radar and Security Applications
    3. Restraint
      1. Delay in Standardization in Spectrum Allocation
    4. Opportunities
      1. Evolution of 5G
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Technological Impact Analysis
    3. Standards & Regulatory Scenario
  6. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Sensors & Controls
    3. Imaging Components
    4. Antennas & Waveguide
    5. RF & Radio
    6. Transceivers
    7. Frequency Meters
    8. Communication & Networking
    9. Others
  7. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET BY PRODUCT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Telecommunication Equipment
    3. Radar Communication System
    4. Satellite Communication System
  8. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET BY FREQUENCY RANGE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. 57-66 GHz
    3. 67-91 GHz
    4. 92-95 GHz
    5. Above 95 GHz
  9. GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Switzerland
      7. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1.   Keysight Technologies
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. BridgeWave Communications (REMEC Broadband Wireless Networks LLC)
    3. NEC Corporation
    4.  Galion LLC
    5. Eravant
    6. Siklu Inc.
    7. Aviat Networks, Inc.
    8. Smiths Group plc
    9.  L3Harris Technologies, Inc.
    10. Trex Enterprises Corporation
    11. QuinStar Technology, Inc.
    12. Millimeter Wave Products Inc.
    13.  E-Band Communications, LLC.
    14.  Farran Technology
    15. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : SC 089

Published : August, 2020


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