Florida, February 08, 2018: Millimeter wave (MV) technology is an exclusive type of electromagnetic wave technology. These waves usually propagate through line-of-sight and hence are subjected to high atmospheric attenuation as compared to lower bands. These waves find extensive application in wireless communications and as such telecom industry benefits a lot from its evolution. This technology is now being used in small cell phones backhauls of base stations in developing metro network services over MMW as they are capable of transferring data at high speeds and low latency despite the smaller antenna size. The technical boom in mobile and telecom industries and display technologies being upgraded to QHD, 4K standards, increased usage of MMW in automobiles to achieve the dream of connected automobiles, etc. are driving the market for MMW as these waves can provide the necessary bandwidth to provide 5G services at transfer rates of up to 10GBPS. The viewpoints of remote correspondence, the millimeter wave for the most part involve recurrence extend between 30 GHz to 300 GHz.

    The Global Millimeter Wave Technology Market is segmented on the lines of its product, frequency band, license type, application and regional. Based on product segmentation it covers scanner systems, radar and satellite communication systems, telecommunication equipment, others. Based on frequency band segmentation it covers band between 30 GHz and 57 GHz, band between 57 GHz and 86 GHz, band between 86 GHz and 300 GHz. Based on license type segmentation it covers light licensed frequency, unlicensed frequency, fully licensed frequency.  Based on application segmentation it covers mobile & telecommunication, consumer & commercial, healthcare, industrial, automotive and transportation, military, defense, and aerospace, imaging.

    The Global Millimeter Wave Technology Market is expected to exceed more than US$ 2.40 Billion by 2023 at a CAGR of 35.2% in the given forecast period.

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    The Global Millimeter Wave Technology Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    The major driving factors of Global Millimeter Wave Technology Market are as follows:

    • Paddling mobile data traffic and demand for bandwidth-intensive applications
    • Growing usage of millimeter wave in small-cell backhaul networks
    • Utilization of Millimeter Wave in self-governing Vehicles
    • Growing demand for innovative applications in radar and security applications
    • Highly potential for the use of millimeter wave technology in consumer electronics
    • Use of Millimeter Wave for 5G Technology is potential

    The restraining factors of Global Millimeter Wave Technology Market are as follows:

    • Negative influence on the environment
    • Limited area of millimeter wave
    • Fragmented and Non-Uniform Licensing Approach around the world

    This report provides:

    1) An overview of the global market for Global Millimeter Wave Technology Market and related technologies.
    2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2023.
    3) Identifications of new market opportunities and targeted promotional plans for Global Millimeter Wave Technology Market.
    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include BridgeWave Communications, Inc. (US), E-Band Communications, LLC (US), Keysight Technologies, Inc. (US), NEC Corp. (Japan), SAGE Millimeter, Inc. (US), Siklu Communication, Ltd. (Israel), Aviat Networks, Inc. (Singapore), Farran Technology Ltd. (Ireland), Millimeter Wave Products, Inc. (US), Millitech, Inc. (US), Millivision Technologies (US), Vubiq Networks, Inc. (US), E-Band Communications, LLC (US), Smiths Group Plc. (UK), L3 Technologies, Inc. (US), and Elva-1 (Sweden). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

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    Table of Contents

    1 INTRODUCTION

    2 Research Methodology

    3 Executive Summary

    4 Premium Insights

    4.1 Attractive Opportunities for Millimeter Wave Technology Market
    4.2 Millimeter Wave Technology Market, By Product Type (2017 –2023)
    4.3 Millimeter Wave Technology Market, By Frequency Band (2017–2023)
    4.4 Millimeter Wave Technology Market, By Component (2017–2023)
    4.5 Millimeter Wave Technology Market, By Application (2017–2023)
    4.6 Millimeter Wave Technology Market, By Product and By Application
    4.7 Millimeter Wave Technology Market, By Geography (2017–2023)

    5 Market Overview

    6 Millimeter Wave Technology Market, By Product

    7 Millimeter Wave Technology Market, By Frequency Band

    8 Millimeter Wave Technology Market, By License Type

    9 Millimeter Wave Technology Market, By Application

    10 Millimeter Wave Technology Market, By Component

    11 Geographic Analysis

    12 Competitive Landscape

    13 Company Profiles

    13.1 Introduction

    13.2 Bridgewave Communications, Inc.

    13.3 Keysight Technologies

    13.4 NEC Corporation

    13.5 Sage Millimeter, Inc.

    13.6 Siklu Communication Ltd

    13.7 Aviat Networks, Inc.

    13.8 Farran Technology

    13.9 Millimeter Wave Products Inc.

    13.10 Millivision Technologies

    13.11 Vubiq Networks, Inc

     

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    Source: http://www.financeswire.com/millimeter-wave-technology-market-expected-to-be-worth-us-2-00-billion-by-2023