The millimeter wave technology market size is expected to reach 3.25 billion by 2026 from 220.5 million in 2018, growing at a CAGR of 40.4% from 2019 to 2026. Millimeter wave technology is an electromagnetic spectrum with a wavelength between 1 and 10mms, provides high speed wireless communication to many products and services.
Millimeter wave is kind of electromagnetic technology which is widely being adopted in many industries due to increasing demand among users for higher bandwidth, transmission of data at high rates, high internet speed and efficiently manages data traffic. Some instances where mm wave technology is used mostly are scanners, building automation, and consumer electronic products.
Factors such as deployment of millimeter wave technology in telecommunication sector, growth in adoption of millimeter wave technology in health care and airports and rise in demand for millimeter wave solutions for building automation in industrial sectors are the major key drivers for the market growth. However, high cost, environmental concerns, and limited range act as a major restraint for the growth of the market. Furthermore, increase in demand for millimeter wave technology in military, defense, aerospace (MDA), and in transportation and automotive sector for unmanned vehicles creates lucrative opportunities for the market to flourish across the globe.
The millimeter wave technology market is analyzed by product type, license type, frequency band application, and region. Based on product type, it is fragmented into scanner systems, radar & satellite communication systems, and telecommunication equipment. By license type, it is classified into light licensed frequency, unlicensed frequency, and fully licensed frequency. By frequency band, it is segmented into below 57GHz, between 86GHz and 300GHz, and above 300GHz.
By application, it is categorized into telecommunication, military & defense, automotive, radio astronomy, consumer industry, commercial, and others. In addition, others is sub segmented into healthcare, industrial, and transportation. Based on region, the global millimeter wave technology market is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, Russia, France, and others), Asia-Pacific (China, India, Japan, Korea, and others), and LAMEA (Latin America, Middle East, and Africa).
The key players operating in the market includes NEC Corporation, L3 Technologies, Inc., Keysight Technologies, Millimeter Wave Products Inc., BridgeWave Communications (REMEC Broadband Wireless Networks), CableFree: Wireless Excellence, Farran Technology, E-Band Communications, LLC, SAGE Millimeter, Inc., and Siklu Communication provided in this report.
KEY MARKET SEGMENTS
By Product Type
• Scanner Systems
• Radar and Satellite Communication Systems
• Telecommunication Equipment
By License Type
• Light Licensed Frequency Millimeter Wave
• Unlicensed Frequency Millimeter Wave
• Fully Licensed Frequency Millimeter Wave
By Frequency Band
• Below 57GHz
• Between 86GHz and 300GHz
• Above 300GHz
By Application
• Telecommunication
• Military & Defense
• Automotive
• Radio Astronomy
• Consumer Industry
• Commercial
• Others
§ Healthcare
§ Industrial
§ Transportation
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o Italy
o France
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Korea
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
KEY PLAYERS
• NEC Corporation
• L3 Technologies, Inc.
• Keysight Technologies
• Millimeter Wave Products Inc.
• BridgeWave Communications (REMEC Broadband Wireless Networks)
• CableFree: Wireless Excellence
• Farran Technology
• E-Band Communications, LLC
• SAGE Millimeter, Inc.
• Siklu Communication
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Forces Shaping Millimeter Wave Technology Market
3.3. Patent Analysis
3.3.1. Millimeter Wave Technology System, By Region (2018-2019)
3.3.2. Millimeter Wave Technology, By Applicant
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Increase In Testing of 5G Technology In U.S., Japan, South Korea, And China
3.4.1.2. Growing Demand For Smart Devices
3.4.1.3. Increasing Use of Millimeter Wave Technology-Based Scanner Systems In Airports
3.4.2. Restraints
3.4.2.1. Adverse Impact of Millimeter Wave Technology On The Environment
3.4.3. Opportunities
3.4.3.1. Increasing Usage of Millimeter Wave Technology In Military And Defense Sector
3.4.3.2. Increasing Demand For Autonomous Vehicles
Chapter 4: Millimeter Wave Technology Market, By Component
4.1. Overview
4.2. Antenna And Transceiver Components
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Country
4.3. Frequency Sources And Related Components
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Country
4.4. Communication And Networking Components
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis, By Country
4.5. Imaging Components
4.5.1. Key Market Trends, Growth Factors, And Opportunities
4.5.2. Market Size And Forecast, By Region
4.5.3. Market Analysis, By Country
4.6. Rf And Radio Components
4.6.1. Key Market Trends, Growth Factors, And Opportunities
4.6.2. Market Size And Forecast, By Region
4.6.3. Market Analysis, By Country
4.7. Sensors And Controls
4.7.1. Key Market Trends, Growth Factors, And Opportunities
4.7.2. Market Size And Forecast, By Region
4.7.3. Market Analysis, By Country
4.8. Others
4.8.1. Key Market Trends, Growth Factors, And Opportunities
4.8.2. Market Size And Forecast, By Region
4.8.3. Market Analysis, By Country
Chapter 5: Millimeter Wave Technology Market, By Product
5.1. Overview
5.2. Scanner System
5.2.1. Active System
5.2.2. Passive System
5.2.3. Key Market Trends, Growth Factors, And Opportunities
5.2.4. Market Size And Forecast, By Region
5.2.5. Market Analysis, By Country
5.3. Radar And Satellite Communications System
5.3.1. Perimeter Surveillance Radar System
5.3.2. Application-Specific Radar System
5.3.3. Key Market Trends, Growth Factors, And Opportunities
5.3.4. Market Size And Forecast, By Region
5.3.5. Market Analysis, By Country
5.4. Telecommunication Equipment
5.4.1. Mobile Backhaul Equipment
5.4.2. Small-Cell Equipment
5.4.3. Macro-Cell Equipment
5.4.4. Key Market Trends, Growth Factors, And Opportunities
5.4.5. Market Size And Forecast, By Region
5.4.6. Market Analysis, By Country
Chapter 6: Millimeter Wave Technology Market, By License Type
6.1. Overview
6.2. Light Licensed Wave
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis, By Country
6.3. Unlicensed Frequency Millimeter Wave
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis, By Country
6.4. Fully Licensed Frequency Millimeter Wave
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis, By Country
Chapter 7: Millimeter Wave Technology Market, By Frequency
7.1. Overview
7.2. 24 Ghz To 57 Ghz
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Region
7.2.3. Market Analysis, By Country
7.3. 58 Ghz To 86 Ghz
7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Region
7.3.3. Market Analysis, By Country
7.4. 87 Ghz To 300 Ghz
7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Region
7.4.3. Market Analysis, By Country
Chapter 8: Millimeter Wave Technology Market, By Application
8.1. Overview
8.2. It And Telecom
8.2.1. Key Market Trends, Growth Factors, And Opportunities
8.2.2. Market Size And Forecast, By Region
8.2.3. Market Analysis, By Country
8.3. Military, Defense And Aerospace
8.3.1. Key Market Trends, Growth Factors, And Opportunities
8.3.2. Market Size And Forecast, By Region
8.3.3. Market Analysis, By Country
8.4. Automotive
8.4.1. Key Market Trends, Growth Factors, And Opportunities
8.4.2. Market Size And Forecast, By Region
8.4.3. Market Analysis, By Country
8.5. Radio Astronomy
8.5.1. Key Market Trends, Growth Factors, And Opportunities
8.5.2. Market Size And Forecast, By Region
8.5.3. Market Analysis, By Country
8.6. Consumer & Commercial
8.6.1. Key Market Trends, Growth Factors, And Opportunities
8.6.2. Market Size And Forecast, By Region
8.6.3. Market Analysis, By Country
8.7. Others
8.7.1. Key Market Trends, Growth Factors, And Opportunities
8.7.2. Market Size And Forecast, By Region
8.7.3. Market Analysis, By Country
Chapter 9: Millimeter Wave Technology Market, By Region
9.1. Overview
9.2. North America
9.2.1. Key Market Trends, Growth Factors, And Opportunities
9.2.2. Market Size And Forecast, By Component
9.2.3. Market Size And Forecast, By Product
9.2.4. Market Size And Forecast, By License Type
9.2.5. Market Size And Forecast, By Frequency Type
9.2.6. Market Size And Forecast, By Application
9.2.7. Market Analysis, By Country
9.2.7.1. U.S.
9.2.7.1.1. Market Size And Forecast, By Component
9.2.7.1.2. Market Size And Forecast, By Product
9.2.7.1.3. Market Size And Forecast, By License Type
9.2.7.1.4. Market Size And Forecast, By Frequency Type
9.2.7.1.5. Market Size And Forecast, By Application
9.2.7.2. Canada
9.2.7.2.1. Market Size And Forecast, By Component
9.2.7.2.2. Market Size And Forecast, By Product
9.2.7.2.3. Market Size And Forecast, By License Type
9.2.7.2.4. Market Size And Forecast, By Frequency Type
9.2.7.2.5. Market Size And Forecast, By Application
9.2.7.3. Mexico
9.2.7.3.1. Market Size And Forecast, By Component
9.2.7.3.2. Market Size And Forecast, By Product
9.2.7.3.3. Market Size And Forecast, By License Type
9.2.7.3.4. Market Size And Forecast, By Frequency Type
9.2.7.3.5. Market Size And Forecast, By Application
9.3. Europe
9.3.1. Key Market Trends, Growth Factors, And Opportunities
9.3.2. Market Size And Forecast, By Component
9.3.3. Market Size And Forecast, By Product
9.3.4. Market Size And Forecast, By License Type
9.3.5. Market Size And Forecast, By Frequency Type
9.3.6. Market Size And Forecast, By Application
9.3.7. Market Analysis, By Country
9.3.7.1. Uk
9.3.7.1.1. Market Size And Forecast, By Component
9.3.7.1.2. Market Size And Forecast, By Product
9.3.7.1.3. Market Size And Forecast, By License Type
9.3.7.1.4. Market Size And Forecast, By Frequency Type
9.3.7.1.5. Market Size And Forecast, By Application
9.3.7.2. Germany
9.3.7.2.1. Market Size And Forecast, By Component
9.3.7.2.2. Market Size And Forecast, By Product
9.3.7.2.3. Market Size And Forecast, By License Type
9.3.7.2.4. Market Size And Forecast, By Frequency Type
9.3.7.2.5. Market Size And Forecast, By Application
9.3.7.3. France
9.3.7.3.1. Market Size And Forecast, By Component
9.3.7.3.2. Market Size And Forecast, By Product
9.3.7.3.3. Market Size And Forecast, By License Type
9.3.7.3.4. Market Size And Forecast, By Frequency Type
9.3.7.3.5. Market Size And Forecast, By Application
9.3.7.4. Italy
9.3.7.4.1. Market Size And Forecast, By Component
9.3.7.4.2. Market Size And Forecast, By Product
9.3.7.4.3. Market Size And Forecast, By License Type
9.3.7.4.4. Market Size And Forecast, By Frequency Type
9.3.7.4.5. Market Size And Forecast, By Application
9.3.7.5. Rest of Europe
9.3.7.5.1. Market Size And Forecast, By Component
9.3.7.5.2. Market Size And Forecast, By Product
9.3.7.5.3. Market Size And Forecast, By License Type
9.3.7.5.4. Market Size And Forecast, By Frequency Type
9.3.7.5.5. Market Size And Forecast, By Application
9.4. Asia-Pacific
9.4.1. Key Market Trends, Growth Factors, And Opportunities
9.4.2. Market Size And Forecast, By Component
9.4.3. Market Size And Forecast, By Product
9.4.4. Market Size And Forecast, By License Type
9.4.5. Market Size And Forecast, By Frequency Type
9.4.6. Market Size And Forecast, By Application
9.4.7. Market Analysis, By Country
9.4.7.1. China
9.4.7.1.1. Market Size And Forecast, By Component
9.4.7.1.2. Market Size And Forecast, By Product
9.4.7.1.3. Market Size And Forecast, By License Type
9.4.7.1.4. Market Size And Forecast, By Frequency Type
9.4.7.1.5. Market Size And Forecast, By Application
9.4.7.2. Japan
9.4.7.2.1. Market Size And Forecast, By Component
9.4.7.2.2. Market Size And Forecast, By Product
9.4.7.2.3. Market Size And Forecast, By License Type
9.4.7.2.4. Market Size And Forecast, By Frequency Type
9.4.7.2.5. Market Size And Forecast, By Application
9.4.7.3. India
9.4.7.3.1. Market Size And Forecast, By Component
9.4.7.3.2. Market Size And Forecast, By Product
9.4.7.3.3. Market Size And Forecast, By License Type
9.4.7.3.4. Market Size And Forecast, By Frequency Type
9.4.7.3.5. Market Size And Forecast, By Application
9.4.7.4. Australia
9.4.7.4.1. Market Size And Forecast, By Component
9.4.7.4.2. Market Size And Forecast, By Product
9.4.7.4.3. Market Size And Forecast, By License Type
9.4.7.4.4. Market Size And Forecast, By Frequency Type
9.4.7.4.5. Market Size And Forecast, By Application
9.4.7.5. South Korea
9.4.7.5.1. Market Size And Forecast, By Component
9.4.7.5.2. Market Size And Forecast, By Product
9.4.7.5.3. Market Size And Forecast, By License Type
9.4.7.5.4. Market Size And Forecast, By Frequency Type
9.4.7.5.5. Market Size And Forecast, By Application
9.4.7.6. Rest of Asia-Pacific
9.4.7.6.1. Market Size And Forecast, By Component
9.4.7.6.2. Market Size And Forecast, By Product
9.4.7.6.3. Market Size And Forecast, By License Type
9.4.7.6.4. Market Size And Forecast, By Frequency Type
9.4.7.6.5. Market Size And Forecast, By Application
9.5. Lamea
9.5.1. Key Market Trends, Growth Factors, And Opportunities
9.5.2. Market Size And Forecast, By Component
9.5.3. Market Size And Forecast, By Product
9.5.4. Market Size And Forecast, By License Type
9.5.5. Market Size And Forecast, By Frequency Type
9.5.6. Market Size And Forecast, By Application
9.5.7. Market Analysis, By Country
9.5.7.1. Latin America
9.5.7.1.1. Market Size And Forecast, By Component
9.5.7.1.2. Market Size And Forecast, By Product
9.5.7.1.3. Market Size And Forecast, By License Type
9.5.7.1.4. Market Size And Forecast, By Frequency Type
9.5.7.1.5. Market Size And Forecast, By Application
9.5.7.2. Middle East
9.5.7.2.1. Market Size And Forecast, By Component
9.5.7.2.2. Market Size And Forecast, By Product
9.5.7.2.3. Market Size And Forecast, By License Type
9.5.7.2.4. Market Size And Forecast, By Frequency Type
9.5.7.2.5. Market Size And Forecast, By Application
9.5.7.3. Africa
9.5.7.3.1. Market Size And Forecast, By Component
9.5.7.3.2. Market Size And Forecast, By Product
9.5.7.3.3. Market Size And Forecast, By License Type
9.5.7.3.4. Market Size And Forecast, By Frequency Type
9.5.7.3.5. Market Size And Forecast, By Application
Chapter 10: Competitive Landscape
10.1. Introduction
10.1.1. Market Player Positioning, 2019
10.2. Top Winning Strategies
10.2.1. Top Winning Strategies, By Year
10.2.2. Top Winning Strategies, By Development
10.2.3. Top Winning Strategies, By Company
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heat Map
Chapter 11: Company Profile
11.1. Bridgewave Communications (Remec Broadband Wireless Networks)
11.1.1. Company Overview
11.1.2. Key Executives
11.1.3. Company Snapshot
11.1.4. Product Portfolio
11.1.5. Key Strategic Moves And Developments
11.2. Cablefree: Wireless Excellence
11.2.1. Company Overview
11.2.2. Key Executives
11.2.3. Company Snapshot
11.2.4. Product Portfolio
11.3. E-Band Communications, Llc
11.3.1. Company Overview
11.3.2. Key Executives
11.3.3. Company Snapshot
11.3.4. Product Portfolio
11.4. Farran Technology
11.4.1. Company Overview
11.4.2. Key Executives
11.4.3. Company Snapshot
11.4.4. Product Portfolio
11.5. Keysight Technologies
11.5.1. Company Overview
11.5.2. Company Snapshot
11.5.3. Operating Business Segments
11.5.4. Product Portfolio
11.5.5. R&D Expenditure
11.5.6. Business Performance
11.5.7. Key Strategic Moves And Developments
11.6. L3 Technologies, Inc.
11.6.1. Company Overview
11.6.2. Key Executives
11.6.3. Company Snapshot
11.6.4. Operating Business Segments
11.6.5. Product Portfolio
11.6.6. R&D Expenditure
11.6.7. Business Performance
11.6.8. Key Strategic Moves And Developments
11.7. Millimeter Wave Products Inc.
11.7.1. Company Overview
11.7.2. Key Executives
11.7.3. Company Snapshot
11.7.4. Product Portfolio
11.8. Nec Corporation
11.8.1. Company Overview
11.8.2. Key Executives
11.8.3. Company Snapshot
11.8.4. Operating Business Segments
11.8.5. Product Portfolio
11.8.6. R&D Expenditure
11.8.7. Business Performance
11.8.8. Key Strategic Moves And Developments
11.9. Sage Millimeter, Inc.
11.9.1. Company Overview
11.9.2. Key Executives
11.9.3. Company Snapshot
11.9.4. Product Portfolio
11.10. Siklu Communication
11.10.1. Company Overview
11.10.2. Key Executives
11.10.3. Company Snapshot
11.10.4. Product Portfolio
11.10.5. Key Strategic Moves And Developments
