Market Overview:
The global millimeter wave wireless technology market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for high-speed data connectivity and rising number of applications across different industries. Based on type, the millimeter wave wireless technology market can be segmented into under 50 GHz, between 50 and 80 GHz, and above 80 GHz. The under 50 GHz segment is expected to account for the largest share of the global millimeter wave wireless technology market in 2018. This segment is projected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. This growth can be attributed to its low cost and easy installation as compared with other types of millimeter wave wireless technologies. Based on application, the millimeter wave wireless technology market can be divided into telecommunications, healthcare, industrial, security & surveillance Transportation & automotive ,and others .The telecommunications sector accounted for majority share of revenue generated by applications in 2017 and is projected witness highest growth rate over next few years owing increased demand for high-speed data connectivity services worldwide .
Product Definition:
Millimeter wave wireless technology is a type of high frequency wireless technology that uses millimeter wave frequencies to transmit data. Millimeter waves have a higher frequency than traditional radio waves, which allows them to carry more data and penetrate through objects more easily. This makes millimeter wave wireless technology ideal for use in high-bandwidth applications such as 5G networks and smart cities.
Under 50 GHz:
Under 50 GHz, it's usage and growth factor in Millimeter Wave Wireless Technology market? Under 50 GHz, it's usage.
The global millimeter wave (MMW) wireless technology industry size was valued at USD 1.5 billion in 2015. The increasing demand for high-speed data communication with the introduction of new applications is expected to be a key driving force over the forecast period.
Between 50 and 80 GHz:
The millimeter wave wireless technology market is expected to grow at a significant rate owing to the increasing demand for high-speed data transfer and communication. The technology has applications in both mobile and fixed networks. It can be used for short distance communication, such as between a base station and an antenna farm, or long range data transfer, like WLAN access point to client device.
Application Insights:
The telecommunications segment dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growing demand for data communication and wireless technologies, especially in urban areas, is anticipated to drive growth over the coming years. Furthermore, increasing demand for high-speed wireless networks along with rising investments by telecom companies are expected to propel industry growth during the forecast period.
The healthcare segment accounted for a significant share of 15% in 2017 owing to rapid technological advancements that have led to an increase in product adoption across various end-use industries such as aerospace & defense and security among others. Moreover, there has been a rise in research activities pertaining medical applications of millimeter waves due to which healthcare technology manufacturers are investing more on R&D activities than before so as to stay ahead of competition.
Regional Analysis:
North America dominated the market in 2017 owing to early technology adoption by key vendors. The regional market is expected to grow at a significant rate over the forecast period, which can be attributed to increasing demand for high-speed data communication networks and rising deployment of 5G network infrastructure. Europe also held a considerable share in the global MMW wave technology market due to early technological adoption by various industry players such as Vodafone Group; Infinera Corporation; and Deutsche Telekom AG.
Asia Pacific region is anticipated to witness substantial growth over the forecast period owing its developing telecom sector, growing investments in wireless infrastructure development, and favorable government policies supporting MMW wave technology development. Moreover, increasing number of trials & demos being held for new technologies such as millimeter waves will drive regional growth further on account of their potential use cases including remote surgery, IoT devices connectivity etc.
Growth Factors:
- Increasing demand for high-speed internet: The increasing demand for high-speed internet is one of the key growth drivers for the millimeter wave wireless technology market. With the growing number of connected devices and rising data traffic, there is an increased need for faster and more reliable wireless networks. Millimeter wave technology can provide significantly higher speeds than traditional Wi-Fi networks, making it an attractive option for businesses and consumers alike.
- Proliferation of 5G networks: The upcoming rollout of 5G networks is another major growth driver for millimeter wave wireless technology market. 5G will offer significantly higher speeds and bandwidth than current cellular technologies, making it ideal for applications such as streaming video, online gaming, and IoT deployments. By 2020, it is estimated that there will be 1 billion 5G subscribers worldwide, providing a significant boost to the millimeter wave wireless technology market.
- Growing demand for smart cities: As cities become increasingly congested and polluted, there is a growing need to implement smart city solutions that can help manage resources more efficiently. Millimeter wave wireless technology can play a key role in these initiatives by providing fast and reliable connectivity between sensors and control systems across large areas. This makes millimeter waves an essential component of smart city infrastructure projects worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Millimeter Wave Wireless Technology Market Research Report
By Type
Under 50 GHz, Between 50 and 80 GHz, Above 80 GHz
By Application
Telecommunications, Healthcare, Industrial, Security, Transportation and Automotive, Others
By Companies
Axxcss Wireless Solutions, Keysight Technologies, NEC Corporation, Eravant, Siklu Communication, Aviat Networks, Farran Technologies, L3HARRIS, Smiths Group, Millimeter Wave Products, SAGE MILLIMETER
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Millimeter Wave Wireless Technology Market Report Segments:
The global Millimeter Wave Wireless Technology market is segmented on the basis of:
Types
Under 50 GHz, Between 50 and 80 GHz, Above 80 GHz
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Telecommunications, Healthcare, Industrial, Security, Transportation and Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Axxcss Wireless Solutions
- Keysight Technologies
- NEC Corporation
- Eravant
- Siklu Communication
- Aviat Networks
- Farran Technologies
- L3HARRIS
- Smiths Group
- Millimeter Wave Products
- SAGE MILLIMETER
Highlights of The Millimeter Wave Wireless Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Under 50 GHz
- Between 50 and 80 GHz
- Above 80 GHz
- By Application:
- Telecommunications
- Healthcare
- Industrial
- Security
- Transportation and Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Millimeter Wave Wireless Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Millimeter wave wireless technology is a type of wireless communication that uses frequencies in the millimeter range. These frequencies are shorter than those used in radio and television, but longer than those used in microwave and infrared communications. Millimeter wave technology can travel through walls and other obstacles more easily than other types of wireless communication, making it ideal for use in areas with limited space or bandwidth.
Some of the major companies in the millimeter wave wireless technology market are Axxcss Wireless Solutions, Keysight Technologies, NEC Corporation, Eravant, Siklu Communication, Aviat Networks, Farran Technologies, L3HARRIS, Smiths Group, Millimeter Wave Products, SAGE MILLIMETER.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Millimeter Wave Wireless Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Millimeter Wave Wireless Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Millimeter Wave Wireless Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Millimeter Wave Wireless Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Millimeter Wave Wireless Technology Market Size & Forecast, 2018-2028
4.5.1 Millimeter Wave Wireless Technology Market Size and Y-o-Y Growth
4.5.2 Millimeter Wave Wireless Technology Market Absolute $ Opportunity
Chapter 5 Global Millimeter Wave Wireless Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Millimeter Wave Wireless Technology Market Size Forecast by Type
5.2.1 Under 50 GHz
5.2.2 Between 50 and 80 GHz
5.2.3 Above 80 GHz
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Millimeter Wave Wireless Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Millimeter Wave Wireless Technology Market Size Forecast by Applications
6.2.1 Telecommunications
6.2.2 Healthcare
6.2.3 Industrial
6.2.4 Security
6.2.5 Transportation and Automotive
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Millimeter Wave Wireless Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Millimeter Wave Wireless Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Millimeter Wave Wireless Technology Analysis and Forecast
9.1 Introduction
9.2 North America Millimeter Wave Wireless Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Millimeter Wave Wireless Technology Market Size Forecast by Type
9.6.1 Under 50 GHz
9.6.2 Between 50 and 80 GHz
9.6.3 Above 80 GHz
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Millimeter Wave Wireless Technology Market Size Forecast by Applications
9.10.1 Telecommunications
9.10.2 Healthcare
9.10.3 Industrial
9.10.4 Security
9.10.5 Transportation and Automotive
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Millimeter Wave Wireless Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Millimeter Wave Wireless Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Millimeter Wave Wireless Technology Market Size Forecast by Type
10.6.1 Under 50 GHz
10.6.2 Between 50 and 80 GHz
10.6.3 Above 80 GHz
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Millimeter Wave Wireless Technology Market Size Forecast by Applications
10.10.1 Telecommunications
10.10.2 Healthcare
10.10.3 Industrial
10.10.4 Security
10.10.5 Transportation and Automotive
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Millimeter Wave Wireless Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Millimeter Wave Wireless Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Millimeter Wave Wireless Technology Market Size Forecast by Type
11.6.1 Under 50 GHz
11.6.2 Between 50 and 80 GHz
11.6.3 Above 80 GHz
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Millimeter Wave Wireless Technology Market Size Forecast by Applications
11.10.1 Telecommunications
11.10.2 Healthcare
11.10.3 Industrial
11.10.4 Security
11.10.5 Transportation and Automotive
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Millimeter Wave Wireless Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Millimeter Wave Wireless Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Millimeter Wave Wireless Technology Market Size Forecast by Type
12.6.1 Under 50 GHz
12.6.2 Between 50 and 80 GHz
12.6.3 Above 80 GHz
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Millimeter Wave Wireless Technology Market Size Forecast by Applications
12.10.1 Telecommunications
12.10.2 Healthcare
12.10.3 Industrial
12.10.4 Security
12.10.5 Transportation and Automotive
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Millimeter Wave Wireless Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Millimeter Wave Wireless Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Millimeter Wave Wireless Technology Market Size Forecast by Type
13.6.1 Under 50 GHz
13.6.2 Between 50 and 80 GHz
13.6.3 Above 80 GHz
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Millimeter Wave Wireless Technology Market Size Forecast by Applications
13.10.1 Telecommunications
13.10.2 Healthcare
13.10.3 Industrial
13.10.4 Security
13.10.5 Transportation and Automotive
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Millimeter Wave Wireless Technology Market: Competitive Dashboard
14.2 Global Millimeter Wave Wireless Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Axxcss Wireless Solutions
14.3.2 Keysight Technologies
14.3.3 NEC Corporation
14.3.4 Eravant
14.3.5 Siklu Communication
14.3.6 Aviat Networks
14.3.7 Farran Technologies
14.3.8 L3HARRIS
14.3.9 Smiths Group
14.3.10 Millimeter Wave Products
14.3.11 SAGE MILLIMETER
