Global Millimeter Wave Equipment Market is Set For A Rapid Growth and is Expected To Reach Around USD 2,600.79 Million by 2024

17-Jul-2018 | Zion Market Research

Zion Market Research has published a new report titled “Millimeter Wave Equipment Market by Product (Millimeter Scanners, Millimeter Radars, Satellite Communication) by Application (Defense, Aerospace, Automotive, Telecommunication and Consumer Electronics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024.’’ According to the report, global Millimeter Wave Equipment Market was valued at around USD 378.24 Million in 2017 and is expected to reach approximately USD 2,600.79 Million in 2024, growing at a CAGR of slightly above 31.71% between 2018 and 2024.

The electronic devices uses radio frequency spectrum which has frequency band of up to 30GHz. This band of frequency is highly congested, thus modern wireless communication standards are focusing on millimeter wave band which ranges from 30 GHz to 300 GHz. High frequencies means narrow wavelengths, thus it has wavelength of 1mm-10mm. It is also known as Extremely High Frequency (EHF) as it lies in between microwaves and infrared waves (1 GHz to 30 GHz). The necessary components used in millimeter wave equipment are networking components, antennas, transceiver, frequency sources, and imaging components among others.  

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Browse the full "Millimeter Wave Equipment Market by Product (Millimeter Scanners, Millimeter Radars, Satellite Communication) by Application (Defense, Aerospace, Automotive, Telecommunication and Consumer electronics): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017-2024" report at https://www.zionmarketresearch.com/report/millimeter-wave-equipment-market

Global Millimeter Wave Equipment Market

Fiber-optic cables are one of the best transmission medium available in the market, however, it is extremely costly and tedious to install. Whereas MM wave band possesses a larger bandwidth from 30 GHz to 300 GHz; due to which, its heavy use is anticipated in 5G data transmission. Thus considering its applications and advancements in telecom industry such as 5G, it is considered as an alternative to fiber optics. The mm-wave band can be used in 5G technologies for allocating more bandwidth, faster data, multimedia content and higher-quality video. These are the drivers which will drive the millimeter wave equipment market and it is highly consolidated in terms of applications and components. As 4G technologies depend on the availability of the spectrum, there are shortages and conflicts over the spectrum. This problem is partially solved by millimeter wave’s band as they open up more spectrum. Millimeter waves also permit high data rates of up to 10 Gbits/s. These are the major factors which will anticipate the growth of this market. On the contrary, while this spectrum gives us room for some expansion, it is not useful for all types of wireless applications. Millimeter waves have limited range and are absorbed by the atmosphere, thus further reducing their transmission distances. These are the limitations which will hamper the early adoption of millimeter wave equipment. Millimeter wave band finds its use in various verticals such as aerospace, defense, telecommunication, and radars; thus expected to create ample growth opportunities in this sector.

Millimeter wave equipment market is segmented on the basis of product type, application, frequency, and regions. Satellite communication, telecommunication equipment, millimeter scanners and millimeter radars are the segmentation done on product basis. On frequency basis it is categorized into 8 GHz to 57 GHz band, 58 GHz to 86 GHz band and 87 GHz to 300 GHz band. On the basis of application it is segmented into telecommunication, aerospace, consumer electronics, defense and industrial sector. Region wise it is fragmented into North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.

The key players operating in this market are Siklu communications, E-band communications, Bridgewave communications, Dragonwave, Aviat Networks, sub 10 systems, Agilent Technologies, and Huawei Technologies among others.

The report segments global millimeter wave equipment market is as follows:

Millimeter Wave Equipment Market: Product Type Segment Analysis

  • Satellite Communication
  • Telecommunication Equipment
  • Millimeter Scanners
  • Millimeter Radars

Millimeter Wave Equipment Market: Frequency Segment Analysis

  • 8 GHz to 57 GHz Band
  • 58 GHz to 86 GHz Band
  • 87 GHz to 300 GHz Band

Millimeter Wave Equipment Market: Application Segment Analysis

  • Telecommunication
  • Aerospace
  • Defense
  • Consumer Electronics

Millimeter Wave Equipment Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Browse New Press Release: https://www.zionmarketresearch.com/news/millimeter-wave-equipment-industry

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