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Global Millimeter Wave Technology Market Share, Growth, Analysis,Trends: By Product: Telecommunication Equipment, Imaging and Scanning Systems, Radar and Satellite Communication Systems, By Component; By Frequency Band; By Application; Regional Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028

Global Millimeter Wave Technology Market Outlook

The global millimeter wave technology market stood at a value of around USD 1.4 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 22.80%, reaching a value of USD 4.87 billion by 2027.

 

Telecommunication Segment Holds a Significant Share in the Market for Millimeter Wave Technology

Millimeter wave technology is applied in various telecommunication equipment including automotive radars, routers, fibre optic cables, and smartphones, among others, which is driving the market growth. Millimeter wave solutions are ideal choice for 5G backhaul as these solutions provide integrated access, high throughput, economic flexibility, and efficient deployment. In this regard, the increasing application of 5G backhaul in various telecommunication equipment is further propelling the millimeter wave technology market growth.

 

North America Accounts for a Substantial Share in the Market

The market for millimeter wave technology in the North America region is being driven by the advanced IT infrastructure in the United States and Canada. The increasing demand for technologically advanced IT and wireless broadband services in various industries is accelerating the market growth.

 

Moreover, the heightened technological advancements in the automotive industry are generating a significant demand for millimeter wave technology, for detection of obstructions in real time, for low latency, collision avoidance systems, and automatic lane keeping, among others. In addition, the increasing investments towards automation in industries such as military and defence, and IT and telecom, are likely to provide impetus to the millimeter wave technology market in the coming years.

 

Market Segmentation

Millimeter wave technology refers to a band of the electromagnetic spectrum which supports wireless broadband communication services such as high-speed wireless local area network (WLAN). The wavelength of the millimeter wave spectrum can vary between 10 milimeters (30 GHz) and 1 millimeter (300 GHz), and this technology is capable of providing higher rates of data transmission at lower frequencies.

 

Based on product, the market can be segmented into:

  • Telecommunication Equipment
  • Imaging and Scanning Systems
  • Radar and Satellite Communication Systems

 

On the basis of component, the market can be broadly categorised into:

  • Antennas and Transceivers
  • Amplifiers
  • Control Devices
  • Oscillators
  • Frequency Converters
  • Passive Components
  • Others

 

Based on frequency band, the market is segmented into:

  • V-band
  • E-band
  • Others

 

On the basis of applications, the is categorised into:

  • Military and Defence
  • Telecommunication
  • Automotive and Transport
  • Electronics and Semiconductor
  • Healthcare
  • Security
  • Others

 

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Demand for High Bandwidth Capacity is Driving the Market for Millimeter Wave Technology

The increasing demand for high bandwidth capacity in commercial and industrial sectors is driving the millimeter wave technology market growth. In addition, the heightened adoption of smart appliances and gadgets, coupled with the increasing penetration of the Internet of Things is accelerating the demand for millimeter waves.

 

Moreover, millimeter waves can wirelessly transmit ultra-high definition videos to HDTV. Hence, the growing need for fast and efficient ways of transmitting and storing HD multimedia content is furthering the demand for millimeter wave technology.

 

Over the forecast period, the increasing demand for millimeter wave technology for satellite communication owing to the increasing research and development in space research organisations and aerospace and defence sectors are anticipated to accelerate the market growth.

 

Key Players in the Global Millimeter Wave Technology Market

The report gives a detailed analysis of the following key players in the global market for millimeter wave technology, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Aviat Networks, Inc.
  • Siklu Communication Ltd.
  • E-band Communications LLC
  • Sage Millimeter, Inc.
  • Bridgewave Communications, Inc.
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Component
  • Frequency Band
  • Application
  • Region
Breakup by Product
  • Telecommunication Equipment
  • Imaging and Scanning Systems
  • Radar and Satellite Communication Systems
Breakup by Component
  • Antennas and Transceivers
  • Amplifiers
  • Control Devices
  • Oscillators
  • Frequency Converters
  • Passive Components
  • Others
Breakup by Frequency Band
  • V-band
  • E-band
  • Others
Breakup by Application
  • Military and Defence
  • Telecommunication
  • Automotive and Transport
  • Electronics and Semiconductor
  • Healthcare
  • Security
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Aviat Networks, Inc.
  • Siklu Communication Ltd.
  • E-band Communications LLC
  • Sage Millimeter, Inc.
  • Bridgewave Communications, Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Application
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Millimeter Wave Technology Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Millimeter Wave Technology Historical Market (2018-2022) 
    8.3    Global Millimeter Wave Technology Market Forecast (2023-2028)
    8.4    Global Millimeter Wave Technology Market by Product
        8.4.1    Telecommunication Equipment
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Imaging and Scanning Systems
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Radar and Satellite Communication Systems
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Millimeter Wave Technology Market by Component
        8.5.1    Antennas and Transceivers
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Amplifiers
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Control Devices
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Oscillators
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Frequency Converters
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Passive Components
            8.5.6.1    Market Share
            8.5.6.2    Historical Trend (2018-2022)
            8.5.6.3    Forecast Trend (2023-2028)
        8.5.7    Others
    8.6    Global Millimeter Wave Technology Market by Frequency Band
        8.6.1    V-band
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    E-band
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others
    8.7    Global Millimeter Wave Technology Market by Application
        8.7.1    Military and Defence
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Telecommunication
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Automotive and Transport
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Electronics and Semiconductor
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Healthcare
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
        8.7.6    Security
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2018-2022)
            8.7.6.3    Forecast Trend (2023-2028)
        8.7.7    Others
    8.8    Global Millimeter Wave Technology Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Aviat Networks, Inc.
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Siklu Communication Ltd.
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    E-band Communications LLC
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Sage Millimeter, Inc.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Bridgewave Communications, Inc.
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Millimeter Wave Technology Market: Key Industry Highlights, 2018 and 2028
2.    Global Millimeter Wave Technology Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Millimeter Wave Technology Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Millimeter Wave Technology Historical Market: Breakup by Component (USD Million), 2018-2022
5.    Global Millimeter Wave Technology Market Forecast: Breakup by Component (USD Million), 2023-2028
6.    Global Millimeter Wave Technology Historical Market: Breakup by Frequency Band (USD Million), 2018-2022
7.    Global Millimeter Wave Technology Market Forecast: Breakup by Frequency Band (USD Million), 2023-2028
8.    Global Millimeter Wave Technology Historical Market: Breakup by Application (USD Million), 2018-2022
9.    Global Millimeter Wave Technology Market Forecast: Breakup by Application (USD Million), 2023-2028
10.    Global Millimeter Wave Technology Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Millimeter Wave Technology Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Millimeter Wave Technology Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Millimeter Wave Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Millimeter Wave Technology Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Millimeter Wave Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Millimeter Wave Technology Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Millimeter Wave Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Millimeter Wave Technology Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Millimeter Wave Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Millimeter Wave Technology Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Millimeter Wave Technology Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Millimeter Wave Technology Market Structure

Key Questions Answered in the Report

The global market for millimeter wave technology reached a value of USD 1.4 billion by 2021.

The millimeter wave technology market is estimated to grow at a CAGR of 22.80% between 2023 and 2028.

Technologies which have a high dependence on smart gadgets and satellite communications are the major users of millimeter waves. The crucial industries which use this technology include military and defence, telecommunication, and automotive.

Millimeter wave technology is a band of the electromagnetic spectrum which enables transmission of data at high rates and at low frequencies.

The major drivers of the market include the rising demand for high bandwidth capacity in the commercial and industrial sectors, increasing adoption of electronic appliances, growing need for fast and reliable ways of storing high-definition videos, and rapid urbanisation.

The growing research and development activities by space research organisations and technological advancements in smart electronic gadgets, are the key trends in the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major players in the industry are Aviat Networks, Inc., Siklu Communication Ltd., E-band Communications LLC, Sage Millimeter, Inc., and Bridgewave Communications, Inc., among others.

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