|03-14-2019 10:23 PM CET - Energy & Environment||
Millimeter Wave Technology Market to Register Strong Growth at CAGR of 38.85% by 2023 | Global Key Players – NEC, Siklu Communication, E-band communications, Millitech, SAGE Millimeter, Farran Technology
Press release from: Market Prognosis
Marketprognosis.com Publish a New Market Research Report On “Global Millimeter Wave Technology Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.
Overview of the Global Millimeter Wave Technology Market:
The Global Millimeter Wave Technology Market was valued at USD 0.57 Billion in 2017 and is expected to reach USD 4.08 Billion by 2023, at a CAGR of 38.85%, over the forecast period (2018-2023).
The millimeter waveband is used for high-speed wireless communication solutions. Though millimeter wave technologies are among the known industries, they are often ignored and undeveloped. However, with the rapid increase in demand for higher bandwidths and high data speeds, the millimeter wave band is growing in a wide range of applications. Further, in telecommunications, the usage of millimeter wave technology is gaining demand in a variety of mobile and wireless networks services.
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Evolution of 5G is Driving Market Growth; The increasing mobile traffic is prompting next generation cellular network research. Further, a multi-fold increase in the system rate is required in the near future for the next generation cellular networks to cater to the consumers’ data services. There are numerous projects underway to integrate the millimeter wave technology into the current cellular networks as multi-band network, to use the millimeter wave band wide spectrum. Around 7 GHz of continuous bandwidth is available, globally, at 60 GHz unlicensed bandwidth, which can be useful for the current data requirements. As the current frequencies are being used heavily and it is difficult to get more spectral bandwidth essential for 5G networks, the millimeter wave spectrum has become more important.
Regionally, The North American region holds the largest share in the market, while Asia-Pacific is expected to register the fastest growth rate. The United States is the first country in the world to offer commercial use of millimeter waves in the form of E-band frequencies, thus leading the growth and adoption of MMT worldwide. The intense research, in military applications and subsequent inclusion of this technology in sonar, radar and secure military communications, is helping the country consolidate as a market leader. Canada, another major market in the North America, is actively using MMT-enabled full-body scanners in several entry points, due to its accuracy and safety comparable to the X-ray scanners. Further, the country has invested heavily in this technology to aid customers shopping for fashion accessories, which is estimated to have a positive impact on the regional market share.
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Major Key Players:
1 Siklu Communication, Ltd
2 Bridgewave Communications, Inc.
3 E-band communications LLC
4 Millimeter Wave Products Inc.
5 Millitech, Inc.
6 Ducommun Incorporated
7 SAGE Millimeter, Inc.
8 Keysight Technologies, Inc.
9 Farran Technology, Ltd
10 LightPointe Communications, Inc.
11 NEC Corporation and More………………
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This study answers to the below key questions:
1 What are the key market trends?
2 What will the market size be in 2023 and what will the growth rate be?
3 What are the strengths and weaknesses of the key vendors?
4 Who are the key vendors in this market space?
5 What is driving this market?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the challenges to market growth?
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Millimeter Wave Technology Market.
Table of Contents:
2 Executive Summary
3 Millimeter Wave Technology Market Overview
4 Millimeter Wave Technology Market Dynamics
5 Millimeter Wave Technology Market Segmentation
6 Vendor Market Share
7 Company Profiles
8 Investment Analysis
9 Future of the Market
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This release was published on openPR.
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