Millimeter Wave Market Worth $1.2 Billion by 2018

Mon Apr 1, 2013 4:30am EDT

* Reuters is not responsible for the content in this press release.

DALLAS, April 1, 2013 /PRNewswire/ --

    According to a new market research report "Millimeter Wave (MM Wave) Market - By
Technology, Components (Frequency, Imaging, Radio); Products (MM Scanners, MM RADARs, MM
Macro/Small Cell Backhaul); Applications (Telecommunication, Healthcare, Automotive
)-Analysis & Forecast (2013 - 2018)". Published by MarketsandMarkets, Inc., the total
market is expected to reach roughly $1.2 billion by 2018, growing at an explosive CAGR
of 59.10% for the period of 2013 to 2018.  

    Browse  

        
        - 92 market data tables
        - 174 figures
        - 390 pages and an in-depth Table of Content on " Millimeter Wave Market "


   
http://www.marketsandmarkets.com/Market-Reports/millimeter-wave-technology-market-981.html
 

    Early buyers will receive 10% customization on this report.  

    A millimeter wave is a special electromagnetic wave whose frequency lies in between
3 GHz to 300 GHz, falling far beyond the frequency range of commonly used wireless
technologies. Though originally electromagnetic waves with frequencies above 80 GHz were
termed as microwaves and waves with even higher frequencies as radio waves, with
commercialization of this technology, the demarcation between frequencies has blurred
over the past decade. Majority of the applications involve millimeter waves with
frequencies lying between 20 GHz and 120 GHz as of 2013.  

    The low range and narrow beam of millimeter waves have made it ideal for having
little or no interference between neighboring links, even in urban environments. This
has made the interception of the Millimeter waves signal very difficult or nearly
impossible. Thus in telecommunications, MM Waves technology is an alternative to
fiber-optics, in terms of speed and performance, but at a low cost. Today, mobile
base-station industry is rapidly incorporating MM Waves technology in small-cell
equipment, due to advanced features offered by millimeter waves, and this trend has
taken a steep upward curve, with the global LTE boom in 2012-2013.  

    The global millimeter wave market 
[http://www.marketsandmarkets.com/Market-Reports/millimeter-wave-technology-market-981.html
] revenue is expected to reach $116 million by end of 2013 is expected to grow to $1.1 
billion in 2018 at a CAGR of 59.10%. Similarly, volumes are estimated to grow from
roughly 11.8 thousand units to more than 360 thousand units in 2018. This growth is
heralded by the growing telecommunication applications market for millimeter wave
technology, especially in the fields of small cell and macro-cell mobile backhaul. The
millimeter wave scanners & imaging systems market is also expected to grow rapidly in
the coming five years with shift of scanning & security industry towards MM Wave
technology from competing technologies such as X-ray backscatter technology.  

    The Total Addressable Market (TAM) for mm wave technology has been calculated by the
addition of the TAMs for each of the application markets and is estimated to grow from
$4.77 billion in 2013 to $10.56 billion in 2018. Thus the market penetration of
millimeter wave technology in its total addressable market stands at 2.44% in 2013 and
is expected to grow to 11.23% by 2018, showing a market penetration of roughly 9% over
the next five years.  

    When geographical markets North America, Europe, Asia Pacific and the Rest of the
World are considered, North America has the major share in the market with expected
revenue of $roughly 48 million in 2013. The CAGR of the market's primary base - North
America, for the period 2013 to 2018 is calculated to be 56.77%. Europe and Asia Pacific
are the fastest growing regions, with expected CAGRs of 60.51% and 61.13% respectively
from 2013 to 2018, due to the major growth spurts expected in the telecom sector in the
developing countries in this region. LTE rollout is another major factor that is driving
the millimeter wave technology markets in Europe and APAC.  

    The major players in this market are BridgeWave Communications, Inc. (U.S.), E-Band
Communications Corporation (U.S.), Gigabeam Corporation (U.S.), NEC Corporation (Japan),
Vubiq, Inc. (Israel), L-3 Communications (U.S.), Millivision Technologies (U.S.), Brijot
Imaging Systems, Inc. (Microsemi, U.S.) and so on.  

    The report, based on an extensive research study of the MM Wave technology market
and the related semiconductor, component, product industries, is aimed at identifying
the entire market of specifically the MM Wave products and MM Wave components in all the
applications excluding digital consumer electronic applications. The report covers the
overall market and sub-segment markets through extensively detailed classifications, in
terms of both - revenue and shipments.  

    The report segments the MM Waves market on the basis of different types of
components, different applications and different geographies. Further, it contains
revenue forecasts, and analyses trends in the market. The geographical analysis contains
the in-depth classification for Americas, Europe, Asia Pacific and the Rest of the World
regions, covering individual country-wise markets for MM Wave technology. The core
qualitative analysis in the report would contain drivers, restraints, opportunities,
current market trends and the technology expected to revolutionize the mmW domain.  

    In terms of products, the report's scope is limited to MM Wave telecommunication
equipment, MM Wave Scanners & Imaging systems, and MM Wave RADARs and Satellite
Communication systems. Accessory and supporting devices, equipment or products such as
Ethernet equipment, for example, are not included in the report scope. Moreover, in
telecommunication equipment, the major product category considered in the market
statistics calculations is MM Wave Radios for mobile-backhaul and enterprise & broadband
applications.  

    The report's purview of MM wave products encompasses the distinct fields of Mobile &
Telecommunication products, Scanning & Imaging products, and RADAR & Satellite
Communication products. All three product markets, due to the distinct nature of the
fields in every aspect are analyzed separately, with sub-segmentation of the market in
each category into sub-markets for every type of product available commercially. Growth
rates and forecasts of each of the markets are analyzed with cross-comparisons in
extensive detail to give a complete picture of MM Wave technology's revenue potential.  

    Buy a copy of this report @
http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=981  

    About MarketsandMarkets  

    MarketsandMarkets is a global market research and consulting company based in the
U.S. We publish strategically analyzed market research reports and serve as a business
intelligence partner to Fortune 500 companies across the world.  

    MarketsandMarkets also provides multi-client reports, company profiles, databases,
and custom research services. MarketsandMarkets covers thirteen industry verticals;
including advanced materials, automotives and transportation, banking and financial
services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy
and power, food and beverages, industrial automation, medical devices, pharmaceuticals,
semiconductor and electronics, aerospace & defense.  

    We at MarketsandMarkets are inspired to help our clients grow by providing apt
business insight with our huge market intelligence repository.  

        
        Contact:
        Mr. Rohan
        North - Dominion Plaza,
        17304 Preston Road,
        Suite 800, Dallas, TX 75252
        Tel: +1-888-6006-441
        Email: sales@marketsandmarkets.com
        Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com
        Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
        Visit our Google plus Profile @
https://plus.google.com/113935125281262465077/posts


MarketsandMarkets
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.