About Millimetre Wave Technology
The MMW system has been developed to use radar in automotive and transportation applications. It refers to a technology used in radio-frequency modules to produce effective radar performance. As a result of these new MMW applications in the automotive and healthcare industries, demand for MMW devices is likely to rise. As a result, the global market is expected to accelerate significantly over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Millimetre Wave Technology market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Denso Corporation (Japan), Fujitsu (Japan), Keysight Technologies (United States), L3 Technologies Inc. (United States), Millimeter Wave Products Inc. (United States), NEC (Japan), BridgeWave Communications (United States), CableFree (United Kingdom), E-Band Communications LLC (United States) and Farran Technology (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Wireless Excellence (United Kingdom) and TMY Technology, Inc. (Taiwan).
Segmentation Overview
AMA Research has segmented the market of Global Millimetre Wave Technology market by Type (Scanner Systems, Radar and Satellite Communications Systems and Telecommunication Equipment), Application (Telecommunications, Automotive and transport, Military and defense, Healthcare, Security and Electronics and Semiconductors) and Region.
On the basis of geography, the market of Millimetre Wave Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component, the sub-segment i.e. Low Noise And Power Amplifiers will boost the Millimetre Wave Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing in the Use of 5G and Millimeter Wave Technology
Market Growth Drivers:
Extensive Demand for Millimeter Wave Technology in Security and Radar Applications and Increase Of Millimeter Wave Technology In Consumer Electronics
Challenges:
Intense Competition Among Player and Millimeter waves require line of sight communication
Restraints:
Low Penetration Power and Adverse Impact on Environment and Delay In Regulation Of Spectrum Allocation
Opportunities:
Highly Demand For Millimeter Wave Technology In The Military, Aerospace, Defense Sector and Rise In Acceptance Of Millimeter Wave Technology Trend In Healthcare
Market Leaders and their expansionary development strategies
In August 2023, Marki Microwave, innovator in the radio frequency and microwave industry for over 30 years, today announced it has acquired the waveguide business of Precision Millimeter Wave LLC, a leading supplier of sub-THz waveguide technology. The acquisition expands Marki Microwave’s reach into the evolving millimeter wave (mmWave) and sub-THz markets, enabling the company to create truly differentiated products that combine waveguide and traditional board-level connection methods.
On 8 December 2021, TMY Technology, Inc., the world's leading millimeter-wave solution provider, launched a 5G millimeter-wave developer kit for academics and R&D. The millimeter-wave (mmWave) technology realizes the true 5G/B5G vision. The high-frequency band is also used extensively in satellite communications, radars, IoT industries, and future wireless technologies.
Key Target Audience
Millimetre Wave Technology, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.