Global Millimeter Wave Equipment Market – Overview
Millimeter wave equipment market is a type of electromagnetic technology incorporated in various devices and products such as medical devices, cars, and phones to ensure wireless broadband communications at high speed.
It is also referred to as extremely high frequency (EHF) as it presents signal range from 30GHz to 300GHz with a wavelength between 1 and 10mm. In addition, the millimeter wave technology ensures secure communication and transmissions.
Owing to its features mentioned above, the technology is being adopted in various commercial and industrial sector that specifically deals with wireless communication. For instance, smart watches, smart phones and smart warble devices among others.
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Technological advancement in digital network allows interconnection of various devices and sensors at a time. This service is widely being implemented in various end-use industries such as automotive, education, healthcare, telecommunication, transportations, and defense among similar industries.
Further, growing demand for higher bandwidth is subsequently pushing demand for new technologies such as mm wave over optical fiber cable. This, in turn, assist in high data transmission at advanced rate. Furthermore, millimeter provides various benefits when compared to fiber optics such as secured transmission, bandwidth, and high speed.
The upcoming report on millimeter wave equipment market is a comprehensive study of its drivers and trends that will contribute to growth of the millimeter wave equipment market between 2019 and 2028. The report has emphasized on segments that are likely to contribute significantly to growth of the market. Also, regional growth is covered in the report
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Global Millimeter Wave Equipment Market- Notable Developments
In February 2015, Siklu announced integration of millimeter wave radio equipment with Alcatel-Lucent small cells microwave backhaul portfolio. Radio equipment operates at 60 and 80GHz band. The integration aimed at supporting millimeter waves and provided high-capacity short-range small cell backhauls in densely areas. In addition, the integration is found to be suitable for small cell deployments in fast outdoor, as it has a compact form factor, integrated antenna, ease of deployment, and consumes low power.
Likelwise, in May 2015, SiBEAM Inc. introduced UltraGig design. Further, the design has been incorporated into Le Max Smartphone. The integration tend to offer 60GHz wireless millimeter wave equipment technology. The design has set a new benchmark for low power millimeter wave designs in mobile devices. Further, SiBEAM Inc. is likely to enhance Letv’s film, television experience, and gaming service for mobile consumers.
Some of the key players operating in the global millimeter wave equipment market are E-Band Communications, LightPointe Communications Inc., Huawei Technology Co. Ltd., LOEA Corp, Alcatel-LucentEricsson, Proxim Corp., LightPointe Communications Inc., GigaBeam Corp, BridgeWave Communications Inc., NEC Corp, Fujitsu Laboratories Ltd., Siklu Inc., SiBEAM, Nokia Siemens Networks LLC, and microsemi corp. among others.
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Global Millimeter Wave Equipment Market- Drivers and Restraints
The global millimeter wave equipment market is projected to be driven by various factors such as deployment of millimeter wave technology in aerospace and radio astronomy, telecommunication sector, growing demand for wireless communication, and rise in adoption rate of the technology in the healthcare sector.
On the other hand, environment concerns and high cost are some of the major restraining factors anticipated to impeded growth of the market during the forecast period.
Nevertheless, growing demand for millimeter wave technology in unmanned aerial vehicles and MDA are anticipated to provide lucrative opportunities for the global millimeter wave technology market.
Global Millimeter Wave Equipment Market- Regional Outlook
The millimeter wave equipment market is anticipated to witness progressive growth rate in emerging economies of Asia Pacific region. The predicted growth rate is attributed to upsurge in demand for wireless devices.
This comprehensive research report on the global millimeter wave equipment market studies vital trends and data to come up with projections for growth, recommendations, and market size and value forecasts. This report segments the market for millimeter wave equipment on the basis of key geographies and market segments (by industry and by application).
This report is the culmination of extensive research efforts that utilize industry-leading research tools, databases, and methodologies. The report offers an overview of the global millimeter wave equipment market, its growth restraints and growth impellers, a complete market structure, drivers for growth, and forecasts between 2012 and 2018. Since the global millimeter wave equipment market is heavily driven by technological innovation, this report takes stock of all landmark technological advancements that have taken place over the last few years.
The report also offers insight into the growth strategies, financial status, and recent developments that have been reported by leading players in the millimeter wave equipment market. New entrants will find the review of macro and micro factors especially useful.
Overview of the millimeter wave equipment market
The demand for higher bandwidth continues to escalate as more and more consumers gain access to the internet, and as existing users report higher data consumption. From young consumers who extensively use smartphones to corporate data centers experiencing mounting volumes of data, the answer lies in offering higher bandwidths. This bandwidth demand can only be met by introducing newer technologies to the market, such as the use of fiber optic cables, which are currently the best solution for delivering maximum bandwidth. Yet, the high cost of fiber optic cables has proven to be a deterrent to its wider adoption. This is where the millimeter wave wireless technology comes into the picture by offering similar bandwidths at lower prices. The ability of millimeter wave equipment to deliver an economical solution greatly works in its favor.
As current frequencies in lower ranges of microwave frequency battle with congestion, the further development of millimeter wave equipment and technology became a necessity. This could be the solution that bandwidth-hungry private and public entities have been looking for. The market for millimeter wave equipment is advantageous in that it offers a higher capacity for carrying information signals via a narrow beam, which in turn requires the use of compact antennas, as opposed to the previously used bulky ones.
Millimeter wave equipment that is based on the e-ban spectrum possesses properties such as: single-channel configuration and higher frequencies. This aspect will likely prove the deal-clincher in many markets. Besides, frequency can be re-used to a greater extent using millimeter wave equipment. It also allows operators to configure close-proximity links without having to worry about interference. All of these aspects make it suited for high-capacity links over short hauls, especially in densely populated cities. The possibility of fiber extension is yet another positive factor.
Segmentation of the millimeter wave equipment market
By industries, the global millimeter wave equipment market is segmented as: manufacturing, medicine and health, commercial ka-band satellite (VAST) communications, construction and infrastructure, and chemical monitoring.
By application, the report studies sectors such as: defense and security, imaging, consumer products, and telecommunication.
Companies mentioned in the millimeter wave equipment market
Leading companies that have been profiled in this market research report include: Asyrmatos, NEC, Alcatel-Lucent, Loea, Huawei, Ericsson, NSN, E-Band Communications, BridgeWave, GigaBeam, ADC, LightPointe, and Proxim, CableFree, G4, Elva-Link, Rayawave, Trango and Siklu.
Major geographies analyzed under this research report are:
- Europe
- North America
- Asia-Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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