Product Code: VMR112112986
The global demand for Millimeter Wave Technology Market is presumed to reach the market size of nearly USD 13.81 BN by 2030 from USD 2.56 BN in 2022 with a CAGR of 23.45% under the study period 2023 - 2030.
Millimeter wave technology refers to a segment of the electromagnetic spectrum that operates within high-frequency radio waves, typically ranging from 30 to 300 gigahertz (GHz). This technology uses wavelengths in the millimeter range, hence the name 'millimeter wave' (mmWave), and holds significant potential for various applications across different industries.
MARKET DYNAMICS
The millimeter wave technology market is propelled by diverse factors driving its adoption and expansion across industries. The deployment of 5G networks heavily relies on millimeter wave technology, meeting the demand for high-speed, low-latency connectivity required by bandwidth-intensive applications like augmented reality, virtual reality, and the Internet of Things (IoT). Advancements in communication systems leverage mmWave frequencies, enabling faster wireless communication and addressing the rising need for connectivity in multiple sectors. This technology's significance extends to imaging and sensing applications, including security scanners, radar systems for autonomous vehicles, weather forecasting instruments, and medical imaging devices. Moreover, in defense and military sectors, its use in radar, surveillance, and communication systems continues to drive growth due to enhanced detection capabilities. Continuous research efforts aimed at overcoming limitations and advancements in signal propagation further fuel market expansion. With substantial investments, collaborations among industry players, and technological innovations, the millimeter wave technology market witnesses accelerated growth, reflecting its critical role in fostering high-speed connectivity, technological advancements, and diverse applications across industries.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of millimeter wave technology. The growth and trends of millimeter wave technology industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the millimeter wave technology market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
- Antennas & Transceiver Components
- Frequency Sources & Related Components
- Communication & Networking Components
- Imaging Components
- Rf & Radio Components
- Sensors & Controls
- Interface Components
- Power & Battery Components
- Others
By Product
- Scanning Systems
- Radar And Satellite Communication Systems
- Telecommunication Equipment
- Others
By Frequency Band
- 24-57 Ghz
- 57-86 Ghz
- 86-300 Ghz
By License Type
- Light Licensed Frequency Millimeter Wave
- Unlicensed Frequency Millimeter Wave
- Fully Licensed Frequency Millimeter Wave
By End Use
- Mobile & Telecommunication
- Consumer & Commercial
- Healthcare
- Industrial
- Automotive & Transportation
- Imaging
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the Millimeter Wave Technology market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Millimeter Wave Technology market include Axxcss Wireless Solutions Inc. (US), NEC Corporation (Japan), Siklu Communication (US), L3HARRIS Technologies, Inc. (US), Smiths Group PLC (UK), Millimeter Wave Products Inc. (US), Farran Technology (Ireland), Eravant (US), Keysight Technologies, Inc. (US), Avail Networks, Inc. (US), Vubiq Networks, Inc. (US), ELVA-1 (Latvia), Verana Networks (US), FastBack Networks (US), and Anokiwave (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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TABLE OF CONTENTS
1 . PREFACE
- 1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
- 1.2. Research Scope
- 1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
- 2.1. Highlights of Market
- 2.2. Global Market Snapshot
3 . MILLIMETER WAVE TECHNOLOGY - INDUSTRY ANALYSIS
- 3.1. Introduction - Market Dynamics
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Opportunities
- 3.5. Industry Trends
- 3.6. Porter's Five Force Analysis
- 3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Component
- 3.7.2 Market Attractiveness Analysis By Product
- 3.7.3 Market Attractiveness Analysis By Frequency Band
- 3.7.4 Market Attractiveness Analysis By License Type
- 3.7.5 Market Attractiveness Analysis By End Use
- 3.7.6 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
- 4.1. Value Chain Analysis
- 4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
- 4.3. List of Potential Buyers
- 4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend
5 . GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET ANALYSIS BY COMPONENT
- 5.1 Overview by Component
- 5.2 Historical and Forecast Data
- 5.3 Analysis by Component
- 5.4 Antennas & Transceiver Components Historic and Forecast Sales by Regions
- 5.5 Frequency Sources & Related Components Historic and Forecast Sales by Regions
- 5.6 Communication & Networking Components Historic and Forecast Sales by Regions
- 5.7 Imaging Components Historic and Forecast Sales by Regions
- 5.8 RF & Radio Components Historic and Forecast Sales by Regions
- 5.9 Sensors & Controls Historic and Forecast Sales by Regions
- 5.10. Interface Components Historic and Forecast Sales by Regions
- 5.11 Power & Battery Components Historic and Forecast Sales by Regions
- 5.12 Others Historic and Forecast Sales by Regions
6 . GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET ANALYSIS BY PRODUCT
- 6.1 Overview by Product
- 6.2 Historical and Forecast Data
- 6.3 Analysis by Product
- 6.4 Scanning Systems Historic and Forecast Sales by Regions
- 6.5 Radar and Satellite Communication Systems Historic and Forecast Sales by Regions
- 6.6 Telecommunication Equipment Historic and Forecast Sales by Regions
- 6.7 Others Historic and Forecast Sales by Regions
7 . GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET ANALYSIS BY FREQUENCY BAND
- 7.1 Overview by Frequency Band
- 7.2 Historical and Forecast Data
- 7.3 Analysis by Frequency Band
- 7.4 24-57 GHz Historic and Forecast Sales by Regions
- 7.5 57-86 GHz Historic and Forecast Sales by Regions
- 7.6 86-300 GHZ Historic and Forecast Sales by Regions
8 . GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET ANALYSIS BY LICENSE TYPE
- 8.1 Overview by License Type
- 8.2 Historical and Forecast Data
- 8.3 Analysis by License Type
- 8.4 Light Licensed Frequency Millimeter Wave Historic and Forecast Sales by Regions
- 8.5 Unlicensed Frequency Millimeter Wave Historic and Forecast Sales by Regions
- 8.6 Fully Licensed Frequency Millimeter Wave Historic and Forecast Sales by Regions
9 . GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET ANALYSIS BY END USE
- 9.1 Overview by End Use
- 9.2 Historical and Forecast Data
- 9.3 Analysis by End Use
- 9.4 Mobile & Telecommunication Historic and Forecast Sales by Regions
- 9.5 Consumer & Commercial Historic and Forecast Sales by Regions
- 9.6 Healthcare Historic and Forecast Sales by Regions
- 9.7 Industrial Historic and Forecast Sales by Regions
- 9.8 Automotive & Transportation Historic and Forecast Sales by Regions
- 9.9 Imaging Historic and Forecast Sales by Regions
10 . GLOBAL MILLIMETER WAVE TECHNOLOGY MARKET ANALYSIS BY GEOGRAPHY
- 10.1. Regional Outlook
- 10.2. Introduction
- 10.3. North America Sales Analysis
- 10.3.1. Overview, Historic and Forecast Data Sales Analysis
- 10.3.2. North America By Segment Sales Analysis
- 10.3.3. North America By Country Sales Analysis
- 10.3.4. United State Sales Analysis
- 10.3.5. Canada Sales Analysis
- 10.3.6. Mexico Sales Analysis
- 10.4. Europe Sales Analysis
- 10.4.1. Overview, Historic and Forecast Data Sales Analysis
- 10.4.2. Europe by Segment Sales Analysis
- 10.4.3. Europe by Country Sales Analysis
- 10.4.4. United Kingdom Sales Analysis
- 10.4.5. France Sales Analysis
- 10.4.6. Germany Sales Analysis
- 10.4.7. Italy Sales Analysis
- 10.4.8. Russia Sales Analysis
- 10.4.9. Rest Of Europe Sales Analysis
- 10.5. Asia Pacific Sales Analysis
- 10.5.1. Overview, Historic and Forecast Data Sales Analysis
- 10.5.2. Asia Pacific by Segment Sales Analysis
- 10.5.3. Asia Pacific by Country Sales Analysis
- 10.5.4. China Sales Analysis
- 10.5.5. India Sales Analysis
- 10.5.6. Japan Sales Analysis
- 10.5.7. South Korea Sales Analysis
- 10.5.8. Australia Sales Analysis
- 10.5.9. South East Asia Sales Analysis
- 10.5.10. Rest Of Asia Pacific Sales Analysis
- 10.6. Latin America Sales Analysis
- 10.6.1. Overview, Historic and Forecast Data Sales Analysis
- 10.6.2. Latin America by Segment Sales Analysis
- 10.6.3. Latin America by Country Sales Analysis
- 10.6.4. Brazil Sales Analysis
- 10.6.5. Argentina Sales Analysis
- 10.6.6. Peru Sales Analysis
- 10.6.7. Chile Sales Analysis
- 10.6.8. Rest of Latin America Sales Analysis
- 10.7. Middle East & Africa Sales Analysis
- 10.7.1. Overview, Historic and Forecast Data Sales Analysis
- 10.7.2. Middle East & Africa by Segment Sales Analysis
- 10.7.3. Middle East & Africa by Country Sales Analysis
- 10.7.4. Saudi Arabia Sales Analysis
- 10.7.5. UAE Sales Analysis
- 10.7.6. Israel Sales Analysis
- 10.7.7. South Africa Sales Analysis
- 10.7.8. Rest Of Middle East And Africa Sales Analysis
11 . COMPETITIVE LANDSCAPE OF THE MILLIMETER WAVE TECHNOLOGY COMPANIES
- 11.1. Millimeter Wave Technology Market Competition
- 11.2. Partnership/Collaboration/Agreement
- 11.3. Merger And Acquisitions
- 11.4. New Product Launch
- 11.5. Other Developments
12 . COMPANY PROFILES OF MILLIMETER WAVE TECHNOLOGY INDUSTRY
- 12.1. Company Share Analysis
- 12.2. Market Concentration Rate
- 12.3. Axxcss Wireless Solutions Inc. (US)
- 12.3.1. Company Overview
- 12.3.2. Company Revenue
- 12.3.3. Products
- 12.3.4. Recent Developments
- 12.4. NEC Corporation (Japan)
- 12.4.1. Company Overview
- 12.4.2. Company Revenue
- 12.4.3. Products
- 12.4.4. Recent Developments
- 12.5. Siklu Communication (US)
- 12.5.1. Company Overview
- 12.5.2. Company Revenue
- 12.5.3. Products
- 12.5.4. Recent Developments
- 12.6. L3HARRIS Technologies Inc. (US)
- 12.6.1. Company Overview
- 12.6.2. Company Revenue
- 12.6.3. Products
- 12.6.4. Recent Developments
- 12.7. Smiths Group PLC (UK)
- 12.7.1. Company Overview
- 12.7.2. Company Revenue
- 12.7.3. Products
- 12.7.4. Recent Developments
- 12.8. Millimeter Wave Products Inc. (US)
- 12.8.1. Company Overview
- 12.8.2. Company Revenue
- 12.8.3. Products
- 12.8.4. Recent Developments
- 12.9. Farran Technology (Ireland)
- 12.9.1. Company Overview
- 12.9.2. Company Revenue
- 12.9.3. Products
- 12.9.4. Recent Developments
- 12.10. Eravant (US)
- 12.10.1. Company Overview
- 12.10.2. Company Revenue
- 12.10.3. Products
- 12.10.4. Recent Developments
- 12.11. Keysight Technologies Inc. (US)
- 12.11.1. Company Overview
- 12.11.2. Company Revenue
- 12.11.3. Products
- 12.11.4. Recent Developments
- 12.12. Avail Networks Inc. (US)
- 12.12.1. Company Overview
- 12.12.2. Company Revenue
- 12.12.3. Products
- 12.12.4. Recent Developments
- 12.13. Vubiq Networks Inc. (US)
- 12.13.1. Company Overview
- 12.13.2. Company Revenue
- 12.13.3. Products
- 12.13.4. Recent Developments
- 12.14. ELVA-1 (Latvia)
- 12.14.1. Company Overview
- 12.14.2. Company Revenue
- 12.14.3. Products
- 12.14.4. Recent Developments
- 12.15. Verana Networks (US)
- 12.15.1. Company Overview
- 12.15.2. Company Revenue
- 12.15.3. Products
- 12.15.4. Recent Developments
- 12.16. FastBack Networks (US)
- 12.16.1. Company Overview
- 12.16.2. Company Revenue
- 12.16.3. Products
- 12.16.4. Recent Developments
- 12.17. Anokiwave (US)
- 12.17.1. Company Overview
- 12.17.2. Company Revenue
- 12.17.3. Products
- 12.17.4. Recent Developments
Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies