Millimeter Wave Equipment Market: Promising Growth Opportunities & Forecast
This report is the culmination of extensive research efforts that utilize industry-leading research tools, databases, and methodologies. The report offers an overview of the global millimeter wave equipment market, its growth restraints and growth impellers, a complete market structure, drivers for growth, and forecasts between 2012 and 2018. Since the global millimeter wave equipment market is heavily driven by technological innovation, this report takes stock of all landmark technological advancements that have taken place over the last few years.
The report also offers insight into the growth strategies, financial status, and recent developments that have been reported by leading players in the millimeter wave equipment market. New entrants will find the review of macro and micro factors especially useful.
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The demand for higher bandwidth continues to escalate as more and more consumers gain access to the internet, and as existing users report higher data consumption. From young consumers who extensively use smartphones to corporate data centers experiencing mounting volumes of data, the answer lies in offering higher bandwidths. This bandwidth demand can only be met by introducing newer technologies to the market, such as the use of fiber optic cables, which are currently the best solution for delivering maximum bandwidth. Yet, the high cost of fiber optic cables has proven to be a deterrent to its wider adoption. This is where the millimeter wave wireless technology comes into the picture by offering similar bandwidths at lower prices. The ability of millimeter wave equipment to deliver an economical solution greatly works in its favor.
As current frequencies in lower ranges of microwave frequency battle with congestion, the further development of millimeter wave equipment and technology became a necessity. This could be the solution that bandwidth-hungry private and public entities have been looking for. The market for millimeter wave equipment is advantageous in that it offers a higher capacity for carrying information signals via a narrow beam, which in turn requires the use of compact antennas, as opposed to the previously used bulky ones.
Millimeter wave equipment that is based on the e-ban spectrum possesses properties such as: single-channel configuration and higher frequencies. This aspect will likely prove the deal-clincher in many markets. Besides, frequency can be re-used to a greater extent using millimeter wave equipment. It also allows operators to configure close-proximity links without having to worry about interference. All of these aspects make it suited for high-capacity links over short hauls, especially in densely populated cities. The possibility of fiber extension is yet another positive factor.
By industries, the global millimeter wave equipment market is segmented as: manufacturing, medicine and health, commercial ka-band satellite (VAST) communications, construction and infrastructure, and chemical monitoring.
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By application, the report studies sectors such as: defense and security, imaging, consumer products, and telecommunication.
Leading companies that have been profiled in this market research report include: Asyrmatos, NEC, Alcatel-Lucent, Loea, Huawei, Ericsson, NSN, E-Band Communications, BridgeWave, GigaBeam, ADC, LightPointe, and Proxim, CableFree, G4, Elva-Link, Rayawave, Trango and Siklu.
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