Millimeter Wave Technology Market 2021 Comprehensive Insights - Siklu Communication, Ltd, Bridgewave Communications Inc., E-band Communications LLC
The Millimeter Wave Technology Market was valued at USD 296.70 million in 2019 and is expected to reach USD 1.8 billion by 2025, at a CAGR of 34.56% over the forecast period 2020 - 2025.
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Top Leading Companies of Millimeter Wave Technology Market are Siklu Communication, Ltd, Bridgewave Communications Inc. (Remec Broadband Wireless International), E-band Communications LLC (Axxcss Wireless Solutions Inc.), Millimeter Wave Products Inc., Ducommun Incorporated, SAGE Millimeter, Inc., Keysight Technologies, Inc., Farran Technology Ltd, LightPointe Communications, Inc., NEC Corporation and others.
Industry News and Updates
- In March 2020 - Keysight Technologies, Inc. offered enhanced UXR Oscilloscopes to accelerate the development of next-generation mmWave communications and applications. The UXR0051AP Infiniium UXR-Series Oscilloscope provides a frequency range of 110 GHz across standard analysis bandwidth and analyzes millimeter-wave 1x1 and 2x2 MIMO 5G NR communication links._
- In January 2020 - NEC Corporation announced the development of millimeter-wave distributed antennas for the efficient use of a 5G millimeter-wave spectrum across the 28GHz band.
Key Market Trends
Antennas & Transceiver Hold Significant Market Share
- The millimeter waves operate at very high frequencies and tend to cover a range of 1mm to 10mm, and hence, they do not travel far. With shorter wavelengths, the 71-76 GHz, 81-86 GHz, and 92-95 GHz (70/80/90 GHz) bands are permitted to use smaller antennas, in comparison to similar circumstances for the lower bands. This also gives directivity and high gain.
- With these antennas susceptible to easy blockage, usage of boosters and multiple mm-based antennas has been among the potential solution. For instance, back in 2018, Qualcomm produced an antenna array made up of four antennas, small enough to fit inside a smartphone and capable of handshaking with 5G cell sites.
- Mm-wave technology has profoundly impacted the evolution of the radar sensors and has offered significant capabilities and efficiency improvements. The automobile industry is expected to benefit from this development. The increasing AEB (automatic emergency braking) applications in the 77 GHz radar market is one such indicator of the opportunities held in the market. Innovation, in collaboration with end-users of the market, is expected to lead to the adoption of advanced products, to reduce the development to the market time of these mmWave antennas.
Regional Outlook of Millimeter Wave Technology Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Millimeter Wave Technology Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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