Global Millimeter Wave Technology

Global Millimeter Wave Technology Market Research Report: Forecast (2021-2026)

By Product (Telecommunication equipment (Mobile backhaul equipment, Small-cell equipment, Macro-cell equipment), Scanning Systems (Active System, Passive System), Radar and Satellite Communication Sys Read more

  • ICT & Electronics
  • Jan 2022
  • 201
  • IT77015

Market Definition

In mobile telecommunication networks, spectrum scarcity is a longstanding problem. Sufficing the rapidly surging data rate & demand for communications in the 800 MHz- 6 GHz spectrum is becoming more challenging. Hence, communication in the millimeter-wave frequency range, i.e., 30- 300 GHz, has attracted the attention of many researchers.

Millimeter-wave technology will enable a 5G network, in which all applications could get high speed & reliability. With the growing amount of information likely to move at lightning-fast speeds along the spectrum, the adoption of Millimeter-wave technology is increasing significantly. It is in extensive demand by the users from enterprise data centers & home consumers who use smartphones & require higher bandwidth. Moreover, using millimeter-wave frequencies for connecting mobile users to nearby base stations is entirely a new approach & is likely to experience high growth in the future.

Market insights

The Global Millimeter Wave Technology Market is anticipated to grow at a CAGR of around 36% during the forecast period, i.e., 2021-26. The growth of the market attributes primarily to the mounting demand for high-speed mobile broadband owing to the increasing number of smartphone users and surging internet penetration. Additionally, the wide-range applications of mobile broadband across several verticals, including government, commercial space, telecommunication, online gaming, etc., is another crucial factor positively influencing the Millimeter Wave Technology Market. 

Further, massive government investments in rolling out 5G networks and escalating adoption of millimeter wave technology in radar & security applications are other crucial aspects expected to propel the market growth in the forecast years. Moreover, rising funding by startups to boost the millimeter-wave 5G is also driving the market. For instance:

  • An Irvine-based 5G telecom equipment maker, Movandi Corp raised $27 million in C series funding to accelerate & extend the range of real-world 5G mmWave deployments.

Moreover, an increasing number of internet users are also fueling the demand for millimeter-wave technology. Approximately two-thirds of the global population is projected to have Internet access by 2023, which means that there will be around 5.3 billion total Internet users by 2023, i.e., nearly 66% of the global population.

The rise in the usage of millimeter wave technology in small cell backhaul networks and mounting demand for millimeter wave technology across industries, such as aerospace, military, and defense, for the fast exchange of information like commands & orders from one location to another with high security & connectivity, are other crucial factors driving the Global Millimeter Wave Technology Market through 2026.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 36%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Others
Asia-Pacific: China, India, Japan, South Korea, Others
South America: Brazil, Others
Middle East & Africa: GCC, South Africa, Others
Key Companies Profiled Lightpointe Communications, Inc., Millitech, Inc., Bridgewave Communications, QuinStar Technology, Inc., Eravant (Sage Millimeter, Inc.), Cablefree: Wireless Excellence, E-Band Communications, Llc., Farran Technology, Aviat Networks, Inc., NEC Corporation, Siklu Communication Ltd., Trex Enterprises Corporation
Unit Denominations USD Million/Billion

 

Impact of Covid-19 on the Global Millimeter Wave Technology Market 

The Covid-19 pandemic in 2020 crippled the entire world. Nearly all countries across the globe imposed lockdowns & social distancing measures, which adversely affected most industries, caused delays in 5G deployment, and negatively impacted the Global Millimeter Wave Technology Market.

The imposition of lockdown also led to the shutdown of Electronics manufacturing units and disrupted the supply chain of the semiconductor market by creating shortages of components & finished goods. It led to the disturbance in business continuity that further affected the millimeter wave technology market. For instance:

  • Most 5G network operators are dependent on equipment from Huawei, Nokia, & Ericsson. The supply chain for 5G New Radio has been adversely affected, primarily since most 5G radio units & active antennas are manufactured in China.

However, despite the economic slowdowns, the demand for 5G is continuously increasing in the healthcare & manufacturing sectors, the millimeter wave technology market is expected to rise significantly in the years to come.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Millimeter Wave Technology Market
  5. Global Millimeter Wave Technology Market Trends & Insights
  6. Global Millimeter Wave Technology Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Millimeter Wave Technology Market Hotspots & Opportunities
  8. Global Millimeter Wave Technology Market Value Chain Analysis
  9. Global Millimeter Wave Technology Market Regulations & Policy
  10. Global Millimeter Wave Technology Market Outlook, 2016- 2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Product
        1. Telecommunication equipment
          1. Mobile backhaul equipment
          2. Small-cell equipment
          3. Macro-cell equipment
        2. Scanning Systems
          1. Active System
          2. Passive System
        3. Radar and Satellite Communication Systems
      2. By Component
        1. Antennas & Transceivers
        2. Frequency Sources & Related Components
        3. Communication & Networking Components
        4. Imaging Components
        5. RF & Radio Components
        6. Sensors & Controls
        7. Interface Controls
        8. Power & Battery Components
        9. Others
      3. By License Type
        1. Light licensed
        2. Unlicensed frequency
        3. Fully licensed frequency
      4. By Frequency Band
        1. 30 GHz to 57 GHz
        2. 57 GHz to 96 GHz
        3. 96 GHz to 300 GHz
      5. By Application
        1. Telecommunication
        2. Military & Defense
        3. Healthcare
        4. Automotive & Transport
        5. Electronics & Semi-conductor
        6. Security
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      7. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  11. North America Millimeter Wave Technology Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Product
      2. By Component
      3. By License Type
      4. By Frequency Band
      5. By Application
      6. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
    4. Canada Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
    5. Mexico Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
  12. South America Millimeter Wave Technology Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Product
      2. By Component
      3. By License Type
      4. By Frequency Band
      5. By Application
      6. By Country
        1. Brazil
        2. Others
    3. Brazil Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
  13. Europe Millimeter Wave Technology Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Product
      2. By Component
      3. By License Type
      4. By Frequency Band
      5. By Application
      6. By Country
        1. Germany
        2. The UK
        3. France
        4. Italy
        5. Others
    3. Germany Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
    4. The UK Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
    5. France Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
    6. Italy Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
  14. Middle East & Africa Millimeter Wave Technology Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Product
      2. By Component
      3. By License Type
      4. By Frequency Band
      5. By Application
      6. By Country
        1. GCC
        2. South Africa
        3. Others
    3. GCC Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
    4. South Africa Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
  15. Asia Pacific Millimeter Wave Technology Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenue
    2. Market Share & Analysis
      1. By Product
      2. By Component
      3. By License Type
      4. By Frequency Band
      5. By Application
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Others
    3. China Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
    4. India Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
    5. Japan Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
    6. South Korea Millimeter Wave Technology Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. By Revenue
      2. Market Share & Analysis
        1. By Product
        2. By Component
        3. By License Type
        4. By Frequency Band
        5. By Application
  16. Key Strategic Imperatives for Success and Growth
  17. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Bridgewave Communications
      2. Cablefree: Wireless Excellence
      3. E-Band Communications, Llc
      4. Farran Technology
      5. Aviat Networks, Inc.
      6. Lightpointe Communications, Inc.
      7. Millitech, Inc.
      8. NEC Corporation
      9. QuinStar Technology, Inc.
      10. Eravant (Sage Millimeter, Inc.)
      11. Siklu Communication Ltd.
      12. Trex Enterprises Corporation
  18. Disclaimer
Global Millimeter Wave Technology Market Segmentation
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