According to a new market research report “Millimeter Wave Technology Market by Components (Sensors, Radio, Networking), Products (MM Scanners, MM RADARs, MM Small Cells), Applications (Communications, Aerospace, Healthcare, Automotive, Industrial) - Analysis & Forecast to 2020”, the total market is expected to reach $1.9 Billion by 2020, at a CAGR of 45.09%.
Browse 100 market data tables and 174 figures spread through 438 pages and in-depth TOC on “Millimeter Wave Technology Market - Analysis & Forecast to 2020”.
The global mmW market is growing rapidly in many segments and applications with some of the application markets likely to grow more than double by 2020 in terms of market revenue. Newer applications and uses are being devised for this technology which will further propel the market in the coming five to seven years.
This report describes the market trends, drivers, and challenges of the market and forecasts the market to 2020, based on applications, components, products, and geography. It covers geographies like the North America, Europe, APAC, and ROW (Rest of the World).
The major players in this market are BridgeWave Communications, Inc. (US), E-Band Communications Corporation (US), Vubiq, Inc. (Israel), Millivision Technologies (US), and so on.
The report segments the MM Waves market on the basis of different types of components, applications, and geographies. Further, it contains revenue forecasting and analysis trends in the market. The geographical analysis contains the in-depth classification for Americas, Europe, and APAC, which contains the major countries covering the market. Further, Middle-East and Latin America have been classified under ROW. Each of these geographies has been further split by the major countries existing in this market. The sections and the sub-segments in the report would contain drivers, restraints, opportunities, current market trends, and the technology expected to revolutionize the mmW domain.
The report’s purview of MM wave products encompasses the distinct fields of mobile and telecommunication products, scanning and imaging products, and RADAR and satellite communication products. All three product markets, due to the distinct nature of the fields in every aspect, are analyzed separately with sub-segmentation of the market in each category into sub-markets for every type of product available commercially. Growth rates and forecasts of each of the markets are analyzed with cross-comparisons in extensive detail to give a complete picture of MM Wave technology’s revenue potential.
The global mm wave technology revenue market is expected to grow from $208.12 million in 2014 to $1,941.23 million in 2020 at a CAGR of 45.09%. Similarly, volumes are estimated to grow from 22.48 thousand units to 691.58 thousand units in 2020. This growth is heralded by the growing telecom application market for millimeter wave technology, especially in the small cell backhaul field. The millimeter wave scanner market is also expected to grow rapidly in the coming five years.
The major players in this market are BridgeWave Communications, Inc. (US), E-Band Communications Corporation (US), Vubiq, Inc. (Israel), Millivision Technologies (US), and others.
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