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Millimeter Wave refers to extremely high-frequency electromagnetic waves that lie in the range of 30GHz to 300 GHz frequency range or 10mm to 1mm wavelength or extremely High Frequency (EHF). One of the main advantage of millimeter wave technology is the ability to transmit large amount of data as the frequency is directly proportional to bit rates. Thus, the millimeter waves are suitable for transmission of digital data, cellular communications, and radar application. The global millimeter wave technology market is expected to grow at a CAGR of over 34% in the forecast period of 2016-2023.
The growing mobile data traffic coupled with the increasing demand for bandwidth-intensive applications is sort to be the major driver for the growth of global millimeter wave market. The telecommunication industry is going under a radical change with the growing data consumption and limited bandwidth. The researches and telecom operators seek to incorporate millimeter wave technology in order to curb the bandwidth crunch and provide data intensive content with ease. According to Cisco Visual Networking Index (VNI), the mobile data traffic worldwide expanded 63% and reached approximately 7.2 exabytes per month by the end of fiscal year 2016, an increase from 4.4 exabytes per month during the same period last year(2015). With the increasing consumption of data radio-frequency spectrum have become congested as all the mobile providers wok in the same frequency band that leads to slower service and more dropped connections. The Millimeter wave can provide data rates up to 10 Gbps hence is extensively been researched and deployed in the telecom sector. The other factors that drive the global millimeter waves market is increasing adoption of mmw in small cell backhaul networks and rising adoption of the millimeter waves n radar and security applications. However limited range of millimeter waves owing to short wavelength coupled with high atmospheric attenuation and non-uniform licensing approaches across the globe are the major factors that impede the growth of global millimeter wave technology market.
Source: OBRC Analysis.
The report on global millimeter wave technology market is segmented on the basis of product, frequency band, and application.
On the basis of product global millimeter wave technology market is sub-segmented into:
On the basis of frequency band used global millimeter wave technology market is sub-segmented into:
On the basis of application global millimeter wave technology market is sub-segmented into:
The report scope is widely categorized on the basis of products that use the millimeter wave technology that include telecommunication equipment, imaging and scanning systems and radar & satellite communication systems. The total market revenue is calculated on the basis of adoption of millimeter wave technology in the product segment. However, revenue generated from the maintenance and deployment of these systems is excluded from the report scope.
The global millimeter wave technology market report has been geographically segmented into:
Geographically North America has the largest market share of global millimeter wave technology market in 2016 owing to high investment for the development of 5G infrastructure in the countries such as US and Canada, coupled with the adoption of millimeter wave technology in the security and radar application. For instance: In defense sector, the MMW technology is gaining traction in unmanned surface vessels (USVs) and unmanned aerial vehicles (UAVs). However, Asia Pacific millimeter wave market is expected to grow at the highest rate due to rapid up gradations in telecom infrastructures, increasing data traffic and extensive funding for development of 5G infrastructure that would propel huge growth opportunities in millimeter wave technology market.
Global millimeter wave technology market is segmented on the basis of product, frequency band, and application. The product segment is further sub segmented into telecommunication equipment, imaging and scanning systems and radar and satellite communication systems. The telecommunication equipment held the largest market share in terms of revenue in 2016 owing to rapid deployment of millimeter wave-based equipment in the telecom sector owing to the ability to provide fast wireless data transmission rate. Further, the application segment is further segmented into telecommunications, automotive and transport, military and defense, healthcare security, electronics and semiconductors. The telecommunication held the largest market share while it is anticipated that the automotive and transport application would gain traction over the forecast period with the advent of autonomous vehicles and advanced driver assistance systems.
The major market players of the global millimeter wave technology market are:
These companies use various strategies such as merger & acquisition, collaboration, partnership and product launch to gain a competitive advantage in market. Whereas, product launch and innovation is the key strategy adopted by the companies of global millimeter wave technology market.
For Example: In November 2017 VIAVI Solutions introduced Millimeter Wave support for its CellAdvisor JD700B Series of Base Station Analyzers. This analyzer is adopted by several Tier-1 mobile service providers as a standard test platform for interference of 5G signals in the 28 GHz frequency band.
In October 2017 OTSL INC. launched an advanced Millimeter Wave Radar Simulator (AMMWR Simulator), the real-time millimeter-wave radar simulator is designed for autonomous driving and has the capability to provide dynamic real-time simulation.
The report covers detailed analysis of companies which comprises of overview, SCOT analysis, product portfolio, strategic initiative, strategic analysis, competitive landscape, and market share analysis in global millimeter wave technology market.
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At Occam’s we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global millimeter wave technology market offers detailed analysis of strategic models such as investment vs. adoption model, see saw analysis and others strategic models. Also, the report contains the detailed analysis of application, adoption scenario and decision support for each segment. The report discusses competitive landscape of the millimeter wave technology market, with giving extensive SCOT analysis of key companies.
Key findings of the global millimeter wave technology market
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