Global Millimetre Wave Technology Market by Product (Scanner Systems (Active Systems, Passive Systems), Radar And Satellite Communications Systems (Perimeter Surveillance Radar Systems, Application-Specific Radar Systems, Satellite Communication Systems), Telecommunication Equipment (Mobile Backhaul Equipment (Small-Cell Equipment, Macrocell Equipment) ), Frequency Band (Band Between 24 Ghz And 57 Ghz , Band Between 57 Ghz And 86 Ghz (E-Band, V-Band), Band Between 86 Ghz And 300 Ghz), Licence Type (Light Licensed Frequency Millimetre Wave , Unlicensed Frequency Millimetre Wave , Fully Licensed Frequency Millimetre Wave), Application (Mobile And Telecom (5G Cellular (Inception In 2020/2021)), Consumer And Commercial, Healthcare, Industrial, Automotive And Transportation , (Autonomous Vehicle), Military, Defense, And Aerospace, Imaging), Component (Antennas And Transceiver Components, Frequency Sources And Related Components , Communication And, Networking Components, Imaging Components, RF And Radio Components, Sensors And Controls, Interface Components, Power And Battery Components) and region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) is expected to reach US$ 8,480.31 Mn By 2027, At A CAGR Of 35.9 % during a forecast period.
The major growth drivers of the global Millimetre wave technology market include growing mobile data traffic, and demand for bandwidth intensive applications, upsurge in the usage of Millimetre wave in small cell backhaul networks, escalating demand for innovative applications in the radar and security applications, and high potential usage of the Millimetre wave technology, in user electronics applications.
Antennas & Transceivers segment is leading the global millimetre wave technology market.
Antennas with smaller form factors and electronic scanning capabilities that are compatible with most of the existing communications systems are projected to occupy a major market share, because of the early years of adoption. With the evolution of Millimetre wave radar, there has been a remarkable upsurge in the antenna developments from waveguide slot antenna to trip late antenna, microstrip antenna, etc.
Telecommunications equipment segment is dominating the global millimetre wave technology market
The telecommunications equipment segment holds the highest market share in 2017, owing to the increased demand for high-speed data transfer and communication rising from the residential and the commercial sectors such as data centres and IT offices.
North America has the largest market share for global millimetre wave technology market during the forecast period.
The North American region holds the largest share in the market, while Asia-Pacific is anticipated to register the fastest growth rate. The US is the first country in the world to offer commercial use of Millimetre waves in the form of E-band frequencies, so leading the growth and adoption of MMT globally. The intense research, in military applications and subsequent addition of this technology in sonar, radar and secure military communications, is assisting the country consolidate as a market leader.
Key players operating in global millimetre wave technology market, Bridgewave Communications, Inc, Keysight Technologies, NEC Corporation, Sage Millimetre, Inc., Siklu Communication Ltd, Aviat Networks, Inc., Farran Technology, Millimetre Wave Products Inc., Millivision Technologies, Vubiq Networks, Inc., E-Band Communications, LLC, Smiths Group PLC. L3 Technologies, Inc., Elva-1, Proxim Wireless.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global millimetre wave technology market positioning of competitors.
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