About Millimeter Wave Equipment
Millimeter wave equipment market is a kind of electromagnetic technology incorporated in varied devices and products like medical devices, cars, and phones to confirm wireless broadband communications at high speed. The frequency of millimeter electronic wave lies in between 3GHz to 300 gigahertz. It's a special electromagnetic wave whose frequency is much beyond the frequency range of other commonly used wireless technologies. Originally electromagnetic waves having frequencies above 80GHz were termed as microwaves and electromagnetic waves having even higher frequencies were termed as radio waves. However, with commercialization of this technology, the demarcation between varied frequencies has blurred.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aviat Networks, Inc. (United States), BridgeWave Communications, Inc. (United States), Wireless Excellence Limited (United Kingdom), DragonWave, Inc. (Canada), E-Band Communications, LLC (United States), ELVA-1 Millimeter Wave Division (Russia), INTRACOM TELECOM (Greece), NEC Corporation (Japan), Siklu Communication Ltd (Israel) and Trex Enterprises Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Millimeter Wave Equipment market by Type (Millimeter Scanners, Millimeter Radars and Millimeter Micro Scale Backhaul), Application (Automotive, Telecommunication and Healthcare) and Region.
On the basis of geography, the market of Millimeter Wave Equipment has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Component, the sub-segment i.e. Imaging will boost the Millimeter Wave Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in Digital Network
Market Growth Drivers:
Increasing Deployment of Millimeter Wave Technology in Aerospace and Radio Astronomy, Rise in Adoption Rate of the Technology in the Healthcare Sector and Increasing Demand of Wireless Communication
Challenges:
Environment Concerns
Restraints:
Higher Cost of the Product
Opportunities:
Demand for Millimeter Wave Technology in Unmanned Aerial Vehicles and MDA
Market Leaders and their expansionary development strategies
In October 2021, Movandi, a leader in new 5G millimeter-wave (mmWave) technology, announced the test drive results showing how 5G mmWave can deliver exceptional performance in a moving automobile when Movandi BeamXR powered smart repeater with Movandi BeamX cloud software control, machine learning and artificial intelligence (AI) are combined. This landmark test in a moving vehicle demonstrated the ability of these high frequencies and cloud intelligence to deliver high quality of service and multi-gigabit per second downlink speeds in difficult mobile environments.
May 2023 - ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of information and communication technology solutions has launched a new-generation ultra-large-bandwidth millimeter wave AAU in partnership with AIS. This milestone was celebrated at the joint innovation center in Bangkok. This millimeter wave AAU is the world's first to support 1.2 GHz bandwidth and above, with a maximum bandwidth of 1.6 GHz.
Key Target Audience
Millimeter Wave Equipment Manufacturers, Suppliers, and Distributors, Raw Material Supplier, New Entrants/Investors, Venture Capitalists and Private Equity Firms, End-Use Industries 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.