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Global Millimeter Wave Technology Market By Frequency Band (24-57 GHz, 57-86 GHz, Others), By Product (Scanner System, Telecommunication Equipment, Others), By Component, By Application, By Region, Forecast & Opportunities to 2026

The global millimeter wave technology market account for a value of USD 819 million in 2019 and is projected to register growth at a CAGR of 22.6% during forecast period.

COVID-19 has impacted the millimeter wave technology market. The manufacturing units have to halt its production and supply chain got disrupted due to lockdown and travel restriction. The export and import activities are suspended due to fear of further spread of corona virus. The growth of consumer electronics segment is declining and this decreases demand for millimeter wave technology. The pandemic has disrupted the growth of millimeter wave technology during forecast period.

Definition:

Millimeter wave technology can be defined as a electromagnetic technology which is used in various products such as medical devices, phones, cars and others. It ensures wireless broadband communications at higher speed. It is extremely high frequency as it presents signal spectrum ranges from 30 GHz to 300 GHz with a wavelength between 1 to 10 mm.

Market Dynamics (Drivers/Opportunities):

The adoption of millimeter wave technology is increasing around the world. The industrial and commercial sectors are adopting millimeter wave technology rapidly. The millimeter wave technology is widely used in smartphones, smart wearable and smart watches. This increases demand for millimeter wave technology and drives growth in this market during forecast period.

The technological advancement in digital networks is increasing and this increases advancement in millimeter wave technology. The advancement in various sectors such as telecommunication, healthcare, automotive, transportation, education and other sectors is increasing. The demand and adoption for advanced technologies is increasing by consumers. This drives growth in millimeter wave technology market during forecast period.

Market Insights, by Frequency Band

On the basis of frequency band, the millimeter wave technology market is segmented into 24-57 GHz, 57-86 GHz and 86-300 GHz. The 57-86 GHz segmented accounted for largest market share and it is estimated to grow at highest CAGR during forecast period. The demand for this frequency band is increasing around the world due to its high applications such as security, traffic monitoring and autonomous mining etc. The telecom applications widely use V-ban and E-band which lie in 57-86 GHz frequency band. This drives growth in 57-86 GHz segment during forecast period.

Market Insights, by Product

On the basis of product, the millimeter wave technology market is segmented into scanner system, telecommunication equipment, radar & satellite communication systems and others. The telecommunication equipment accounted for the largest market share in 2019 and it is estimated to dominate the market during forecast period. The use of millimeter wave components is highly used for 5G backhaul and in indoor and outdoor telecommunication equipment. The demand for telecommunication equipment is increasing and this drives growth in telecommunication equipment segment during forecast period.

Market Insights, by Application

On the basis of application, the millimeter wave technology market is segmented into imaging, mobile & telecom, consumer & commercial, healthcare, industrial and automotive & transportation.  The mobile & telecom application is estimated to dominate the market during forecast period. The demand and adoption of 5G technologies is increasing rapidly around the world. The 5G mobile phones adopt millimeter wave technology at large scale. The telecom infrastructure is also widely adopting millimeter wave technology.  The essential retail, healthcare and manufacturing sectors are using 5G technologies. The demand for 5G technologies is increasing and this increases market for millimeter wave technologies. This drives growth in mobile & technologies application during forecast period.

Regional Insights

North America region is estimated to dominate the market during forecast period. The adoption of millimeter wave technology is higher in this region. This technology is majorly use in mobile & telecom application in North America region. The implementation of 5G technology is increasing and this increases adoption of millimeter wave technology. The number of data centers is also increasing in this region. This increase market growth opportunity for millimeter wave market and drives growth in North America region during forecast period.

Key Companies & Market Share Insights

The key market players in millimeter wave technology are Keysight Technologies, NEC Corporation, Eravant, Siklu Communication, Aviat Networks, Farran Technologies, Harris, Miths Group, Millimeter Wave Products, Millivision Technologies, Vubiq Networks, Proxim Wireless, Cablefree, Fastback Networks, Quinstar Technology, Nuctech and Trex Enterprises Corporation.

Segments Covered in the Report

This report forecasts The Global Millimeter Wave Technology Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global millimeter wave technology market report on the basis of frequency band, product, component and application.

Millimeter Wave Frequency band Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Millimeter Wave Frequency band Market, By Frequency band, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • 24-57 GHz
  • 57-86 GHz
  • 86-300 GHz
  1. Millimeter Wave Frequency band Market, By Component, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Antennas & Transceiver Components
  • Frequency Sources & Related Components
  • Imaging Components
  • Communication & Network Components
  • RF & Radio Components
  • Sensors & Controls
  • Power & Battery Components
  • Interface Components
  • Others
  1. Millimeter Wave Frequency band Market, By Product, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Scanner System
  • Telecommunication Equipment
  • Radar & Satellite Communication Systems
  • Others
  1. Millimeter Wave Frequency band Market, By Application, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Imaging
  • Mobile & Telecom
  • Consumer & Commercial
  • Healthcare
  • Industrial
  • Automotive & Transportation
  1. Millimeter Wave Frequency band Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Frequency band
    • By Component
    • By Product
    • By Application
    • By Country
      • USA
        • By Application
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Frequency band
      • By Component
      • By Product
      • By Application
      • By Country
        • Brazil
          • By Application
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Frequency band
        • By Component
        • By Product
        • By Application
        • By Country
          • UK
            • By Application
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Frequency band
          • By Component
          • By Product
          • By Application
          • By Country
            • China
              • By Application
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Frequency band
            • By Component
            • By Product
            • By Application
            • By Country
              • Saudi Arabia
                • By Application
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Trex Enterprises Corporation
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Keysight Technologies
    • NEC Corporation
    • Eravant
    • Siklu Communication
    • Aviat Networks
    • Farran Technologies
    • Harris
    • Miths Group
    • Millimeter Wave Products
    • Millivision Technologies
    • Vubiq Networks
    • Proxim Wireless
    • Cablefree
    • Fastback Networks
    • Quinstar Technology
    • Nuctech
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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