|
Comments
View Comments: newest first | oldest first | threaded
sunilkjadhav
User Rank
Stock Keeper
Millimeter Wave Technology Market Expected to Reach 2,302.6 Million USD by 2023
sunilkjadhav   9/17/2018 1:17:54 AM
NO RATINGS

According to the new market research report "Millimeter Wave Technology Market by Product (Scanner Systems, Telecommunication Equipment), Frequency Band, License Type, Application (Mobile and Telecom, Military, Defense, and Aerospace, Automotive), and Geography - Global Forecast to 2023", this market is expected to be worth USD 2,302.6 Million by 2023, at a CAGR of 35.2% between 2017 and 2023.

The major factors driving the growth of the millimeter wave technology industry include the surge in mobile data traffic with bandwidth-intensive applications, use in the small-cell backhaul network, demand for innovative application of radar and security products, and potential use in consumer electronics.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=981

Telecommunication equipment expected to hold the largest market size by 2023

Millimeter wave technology-based telecommunication equipment held the largest market share in 2016. This is attributed to the surge in the number of mobile subscribers, resulting in the demand for efficient mobile backhaul solutions that can provide services to a large user base without degrading the connectivity and connection speed.

Market for mobile & telecom application to grow at the highest rate during the forecast period

The millimeter wave technology for the mobile & telecom application is estimated to grow at the highest CAGR during the forecast period. The research and developments, and testing of 5G technology are anticipated to be the key factor contributing toward the growth of the market for the mobile & telecom application over the next six years.

North America likely to hold the largest share of the millimeter wave technology market during the forecast period

North America is expected to hold the largest share of the millimeter wave technology market during the forecast period owing to the growing need for high-speed data transfer along with the overuse of the existing spectrum in the telecom sector. Further, the large-scale testing of autonomous and semi-autonomous vehicles is also expected to boost the demand for millimeter wave-based components. North America is also anticipated to witness considerable growth in the market for the military, defense, and aerospace applications with the increasing use of this technology in unmanned aerial vehicles (UAVs) and unmanned surface vessels (USVs). The report also profiles the most promising players in the millimeter wave technology market. The competitive landscape of the market presents an interesting picture of the strategies adopted by a large number of players.

The key players in this industry are BridgeWave Communications (US), E-Band Communications, LLC (US), Siklu Communication Ltd (Israel), L3 Technologies, Inc. (US), NEC Corporation(Japan), Renaissance Electronics & Communications (HXi) (US), Smiths Group Plc. (UK), Vubiq Networks, Inc. (US), Proxim Wireless (US), ELVA-1 (Sweden), and Wireless Excellence Ltd. (CableFree) (UK).





Twitter Feed
EBN Online Twitter Feed
EBN Dialogue / LIVE CHAT
EBN Dialogue enables you to participate in live chats with notable leaders and luminaries. Open to the entire EBN community of electronics supply chain experts, these conversations see ideas shared, comments made, and questions asked and answered in real time. Listed below are upcoming and archived chats. Stay tuned and join in!
Archived Dialogues
Live Chat 01/15: CPOs Re-Shape Their Business Roles
Increasingly chief procurement officers (CPOs) are re-shaping their organizational role to focus on creating results far beyond cost controls. A new IBM survey explores how.
Live Chat 11/12: Examining the Cyberthreat to Supply Chains
The number of cyberattacks is on the rise and hackers are targeting the supply chain. Drew Smith, founder and CEO of InfoArmor, will be on hand to discuss the reality of today's threat landscape and what to do about it.