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Millimeter Wave Technology Market Market Opportunities, Revenue, Size, Share, Technology, Competitive Analysis, Market Demand and Growth by 2023
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The global millimeter wave technology market can be segmented, on the basis of frequency band, license, product and component. Based upon frequency, the market can be segmented into 57 to 86GHz frequency millimeter wave, 8 - 57 GHz frequency millimeter wave, and 86 - 300 GHz frequency millimeter wave. Based on license, the millimeter wave market is divided into unlicensed, light licensed, and fully licensed. On the basis of product, the global millimeter wave technology market can be divided into telecommunication equipment, scanners and imaging systems, RADAR and satellite communication systems and others. The millimeter wave components market is categorized, into antennas and transceiver, interface components, communication and networking components, imaging components, frequency sources and related components, RF and radio components, power and battery components, sensing and control components and other components.
The major growth drivers of the global millimeter wave technology market include increasing mobile data traffic, and demand for bandwidth intensive applications, upsurge in the usage of millimeter wave in small cell backhaul networks, escalating demand for innovative applications in the radar and security applications, and high potential usage of the millimeter wave technology, in consumer electronics applications.
Some of the applications where the millimeter wave technology can be used, are disaster recovery, defense & aerospace (MDA) sector, automotive & transportation sector, military, financial/banking, retail, consumer & commercial sector, mobile & telecom sector, high definition television (HDTV) broadcast, healthcare, transportation and video surveillance, and emerging and next gen applications. Other applications of millimeter wave technology include short-range radar, backhaul for wireless base stations, and airport body scanners.
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Millivision Technologies, SAGE Millimeter Inc., Keysight Technologies, Vubiq Networks Inc, BridgeWave Communications, E-Band Communications, LLC, Aviat Networks, NEC Corporation and Siklu Communication Ltd., are some of the major competitors of the global millimeters technology market.
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