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Market Research Report
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1095830

Global Millimeter Wave Technology Market Analysis 2021-2031

Published: | Research Nester | 318 Pages | Delivery time: 1-2 business days

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Global Millimeter Wave Technology Market Analysis 2021-2031
Published: March 24, 2022
Research Nester
Content info: 318 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

The global millimeter wave technology market is anticipated to grow with a CAGR of 33.2% over the forecast period, i.e., 2022 - 2031. Factors such as the surge in the number of smart city projects worldwide, followed by the increasing adoption of internet of things (IoT), and the growing advancements in information and communication technology, are anticipated to drive the growth of the market during the forecast period. Furthermore, factors such as the growing adoption of 5G broadband cellular networks, along with the growing need for high-speed internet services, which is driving the need amongst the telecom operators to raise their existing technical capacity, are also expected to drive the growth of the market in the coming years. The market is estimated to garner a revenue of around USD 22580 Million by the end of 2031, up from a revenue of near to USD 1345 Million in the year 2021.

The global millimeter wave technology is segmented into numerous segments, which include segmentation by product, component, application, license type, installation, transmission frequency, end-user, and by region. By product, the market is segmented into radar & satellite communication system, telecommunication equipment, scanner system, and other products. By the end of 2031, out of all the other segments, the telecommunication equipment segment is anticipated to garner the largest revenue of more than USD 10770 Million, up from a revenue of about USD 500 Million in the year 2021.

On the basis of regional analysis, the global millimeter wave technology market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. By the end of 2031, the market in North America is anticipated to garner the largest revenue of close to USD 7900 Million by the end of 2031, up from a revenue of about USD 460 Million in the year 2021.

Some of the prominent industry leaders in the global millimeter wave technology market that are included in our report are: L3Harris Technologies, Inc., Eravant, E-Band Communications, LLC, Smiths Detection Group Ltd. (Smiths Group plc.), Keysight Technologies, Inc., NEC Corporation, Galion LLC, Millivision Technologies (Galion LLC), Vubiq Networks, Inc., Millimeter Wave Products Inc., Farran, Mistral Solutions Pvt. Ltd., Axxcss Wireless Solutions, Inc., Siklu Inc., Qualcomm Technologies, Inc., Huawei Technologies Co., Ltd., and others.

Table of Contents

1. Market Definition and Research Methodology

  • 1.1. Market Definition and Segmentation
  • 1.2. Assumptions and Acronyms
  • 1.3. Research Objective
  • 1.4. Research Methodology

2. Executive Summary

  • 2.1. Market Size and Forecast
  • 2.2. Competitive Landscape
  • 2.3. Market Dynamics
  • 2.4. Regional Opportunity Analysis

3. Market Dynamics

  • 3.1. Drivers
  • 3.2. Challenges
  • 3.3. Trends
  • 3.4. Opportunities

4. Regulatory & Standards Landscape

5. Value Chain Analysis

6. Industry Risk Analysis

7. Pricing Analysis by Component Type

8. Technology Analysis

  • 8.1. Terahertz Waves

9. Trade Outlook

  • 9.1. Import Analysis
    • 9.1.1. Import Value (USD Million)
    • 9.1.2. Major Importing Countries
    • 9.1.3. Import Regulations
  • 9.2. Export Analysis
    • 9.2.1. Export Value (USD Million)
    • 9.2.2. Major Exporting Countries
    • 9.2.3. Export Regulations

10. Patent Analysis

11. Impact of COVID-19

12. Competitive Feature Analysis

13. Competitive Landscape

  • 13.1. Market Share Analysis, 2021
    • 13.1.1. Market Share Analysis of Major Players (in %), 2021
  • 13.2. Competitive Benchmarking
    • 13.2.1. L3Harris Technologies, Inc.
      • 13.2.1.1. Detailed Overview
      • 13.2.1.2. Assessment of Key Offering
      • 13.2.1.3. Predictive Strategies & Positioning vs Current Positioning
      • 13.2.1.4. Analysis on Growth Strategies
      • 13.2.1.5. Exhaustive Analysis on Key Financial Indicators
      • 13.2.1.6. Recent Developments
    • 13.2.2. Eravant
    • 13.2.3. E-Band Communications, LLC
    • 13.2.4. Smiths Detection Group Ltd. (Smiths Group plc.)
    • 13.2.5. Keysight Technologies, Inc.
    • 13.2.6. NEC Corporation
    • 13.2.7. Galion LLC
    • 13.2.8. Millivision Technologies (Galion LLC)
    • 13.2.9. Vubiq Networks, Inc.
    • 13.2.10. Millimeter Wave Products Inc.
    • 13.2.11. Farran
    • 13.2.12. Mistral Solutions Pvt. Ltd.
    • 13.2.13. Axxcss Wireless Solutions, Inc.
    • 13.2.14. Siklu Inc.
    • 13.2.15. Qualcomm Technologies, Inc.
    • 13.2.16. Huawei Technologies Co., Ltd.

14. Global Millimeter Wave Technology Market

  • 14.1. Market Overview
  • 14.2. By Value (USD Million)
  • 14.3. Market Segmentation
    • 14.3.1. By Product
      • 14.3.1.1. Radar & Satellite Communication System, 2021-2031F (USD Million)
        • 14.3.1.1.1. Perimeter Surveillance Radar Systems (PSRS), 2021-2031F (USD Million)
        • 14.3.1.1.2. Application Specific Radar Systems, 2021-2031F (USD Million)
      • 14.3.1.2. Telecommunication Equipment, 2021-2031F (USD Million)
        • 14.3.1.2.1. Small-Cell Equipment, 2021-2031F (USD Million)
        • 14.3.1.2.2. Mobile Backhaul Equipment, 2021-2031F (USD Million)
        • 14.3.1.2.3. Macro-Cell Equipment, 2021-2031F (USD Million)
      • 14.3.1.3. Scanner System
        • 14.3.1.3.1. Active Scanners, 2021-2031F (USD Million)
        • 14.3.1.3.2. Passive Scanners, 2021-2031F (USD Million)
      • 14.3.1.4. Other Products, 2021-2031F (USD Million)
    • 14.3.2. By Component
      • 14.3.2.1. Power & Battery Components, 2021-2031F (USD Million)
      • 14.3.2.2. Antennas & Transceiver, 2021-2031F (USD Million)
      • 14.3.2.3. Frequency Sources & Related Components, 2021-2031F (USD Million)
      • 14.3.2.4. Interface Components, 2021-2031F (USD Million)
      • 14.3.2.5. Communication & Networking Components, 2021-2031F (USD Million)
      • 14.3.2.6. Sensors & Controls, 2021-2031F (USD Million)
      • 14.3.2.7. Imaging Components, 2021-2031F (USD Million)
      • 14.3.2.8. RF & Radio Components, 2021-2031F (USD Million)
      • 14.3.2.9. Other Components, 2021-2031F (USD Million)
    • 14.3.3. By Application
      • 14.3.3.1. 5G & Small Cell Concept, 2021-2031F (USD Million)
      • 14.3.3.2. Millimeter Wave Therapy, 2021-2031F (USD Million)
      • 14.3.3.3. HD Video, 2021-2031F (USD Million)
      • 14.3.3.4. Virtual Reality Headsets, 2021-2031F (USD Million)
      • 14.3.3.5. Wireless Gigabit Alliance, 2021-2031F (USD Million)
      • 14.3.3.6. High Frequency Radar Technology, 2021-2031F (USD Million)
      • 14.3.3.7. Body Scanners, 2021-2031F (USD Million)
      • 14.3.3.8. Autonomous Driving, 2021-2031F (USD Million)
      • 14.3.3.9. Other Applications, 2021-2031F (USD Million)
    • 14.3.4. By License Type
      • 14.3.4.1. Light Licensed Frequency, 2021-2031F (USD Million)
      • 14.3.4.2. Fully Licensed Frequency, 2021-2031F (USD Million)
      • 14.3.4.3. Unlicensed Frequency, 2021-2031F (USD Million)
    • 14.3.5. By Installation
      • 14.3.5.1. Upgradation, 2021-2031F (USD Million)
      • 14.3.5.2. New Implementation, 2021-2031F (USD Million)
    • 14.3.6. By Transmission Frequency
      • 14.3.6.1. 24 GHz - 57 GHz, 2021-2031F (USD Million)
      • 14.3.6.2. 57 GHz - 86 GHz, 2021-2031F (USD Million)
      • 14.3.6.3. 86 GHz - 300 GHz, 2021-2031F (USD Million)
    • 14.3.7. By End-Users
      • 14.3.7.1. Aerospace & Defense, 2021-2031F (USD Million)
      • 14.3.7.2. Mobile & Telecom, 2021-2031F (USD Million)
      • 14.3.7.3. Healthcare, 2021-2031F (USD Million)
      • 14.3.7.4. Consumer & Commercial, 2021-2031F (USD Million)
      • 14.3.7.5. Industrial, 2021-2031F (USD Million)
      • 14.3.7.6. Other End-Users, 2021-2031F (USD Million)
    • 14.3.8. By Region
      • 14.3.8.1. North America, 2021-2031F (USD Million)
      • 14.3.8.2. Europe, 2021-2031F (USD Million)
      • 14.3.8.3. Asia Pacific, 2021-2031F (USD Million)
      • 14.3.8.4. Latin America, 2021-2031F (USD Million)
      • 14.3.8.5. Middle East & Africa, 2021-2031F (USD Million)

15. North America Millimeter Wave Technology Market

  • 15.1. Market Overview
  • 15.2. By Value (USD Million)
  • 15.3. Market Segmentation
    • 15.3.1. By Product
      • 15.3.1.1. Radar & Satellite Communication System, 2021-2031F (USD Million)
        • 15.3.1.1.1. Perimeter Surveillance Radar Systems (PSRS), 2021-2031F (USD Million)
        • 15.3.1.1.2. Application Specific Radar Systems, 2021-2031F (USD Million)
      • 15.3.1.2. Telecommunication Equipment, 2021-2031F (USD Million)
        • 15.3.1.2.1. Small-Cell Equipment, 2021-2031F (USD Million)
        • 15.3.1.2.2. Mobile Backhaul Equipment, 2021-2031F (USD Million)
        • 15.3.1.2.3. Macro-Cell Equipment, 2021-2031F (USD Million)
      • 15.3.1.3. Scanner System
        • 15.3.1.3.1. Active Scanners, 2021-2031F (USD Million)
        • 15.3.1.3.2. Passive Scanners, 2021-2031F (USD Million)
      • 15.3.1.4. Other Products, 2021-2031F (USD Million)
    • 15.3.2. By Component
      • 15.3.2.1. Power & Battery Components, 2021-2031F (USD Million)
      • 15.3.2.2. Antennas & Transceiver, 2021-2031F (USD Million)
      • 15.3.2.3. Frequency Sources & Related Components, 2021-2031F (USD Million)
      • 15.3.2.4. Interface Components, 2021-2031F (USD Million)
      • 15.3.2.5. Communication & Networking Components, 2021-2031F (USD Million)
      • 15.3.2.6. Sensors & Controls, 2021-2031F (USD Million)
      • 15.3.2.7. Imaging Components, 2021-2031F (USD Million)
      • 15.3.2.8. RF & Radio Components, 2021-2031F (USD Million)
      • 15.3.2.9. Other Components, 2021-2031F (USD Million)
    • 15.3.3. By Application
      • 15.3.3.1. 5G & Small Cell Concept, 2021-2031F (USD Million)
      • 15.3.3.2. Millimeter Wave Therapy, 2021-2031F (USD Million)
      • 15.3.3.3. HD Video, 2021-2031F (USD Million)
      • 15.3.3.4. Virtual Reality Headsets, 2021-2031F (USD Million)
      • 15.3.3.5. Wireless Gigabit Alliance, 2021-2031F (USD Million)
      • 15.3.3.6. High Frequency Radar Technology, 2021-2031F (USD Million)
      • 15.3.3.7. Body Scanners, 2021-2031F (USD Million)
      • 15.3.3.8. Autonomous Driving, 2021-2031F (USD Million)
      • 15.3.3.9. Other Applications, 2021-2031F (USD Million)
    • 15.3.4. By License Type
      • 15.3.4.1. Light Licensed Frequency, 2021-2031F (USD Million)
      • 15.3.4.2. Fully Licensed Frequency, 2021-2031F (USD Million)
      • 15.3.4.3. Unlicensed Frequency, 2021-2031F (USD Million)
    • 15.3.5. By Installation
      • 15.3.5.1. Upgradation, 2021-2031F (USD Million)
      • 15.3.5.2. New Implementation, 2021-2031F (USD Million)
    • 15.3.6. By Transmission Frequency
      • 15.3.6.1. 24 GHz - 57 GHz, 2021-2031F (USD Million)
      • 15.3.6.2. 57 GHz - 86 GHz, 2021-2031F (USD Million)
      • 15.3.6.3. 86 GHz - 300 GHz, 2021-2031F (USD Million)
    • 15.3.7. By End-Users
      • 15.3.7.1. Aerospace & Defense, 2021-2031F (USD Million)
      • 15.3.7.2. Mobile & Telecom, 2021-2031F (USD Million)
      • 15.3.7.3. Healthcare, 2021-2031F (USD Million)
      • 15.3.7.4. Consumer & Commercial, 2021-2031F (USD Million)
      • 15.3.7.5. Industrial, 2021-2031F (USD Million)
      • 15.3.7.6. Other End-Users, 2021-2031F (USD Million)
    • 15.3.8. By Country
      • 15.3.8.1. United States, 2021-2031F (USD Million)
      • 15.3.8.2. Canada, 2021-2031F (USD Million)

16. Europe Millimeter Wave Technology Market

  • 16.1. Market Overview
  • 16.2. By Value (USD Million)
  • 16.3. Market Segmentation
    • 16.3.1. By Product
    • 16.3.2. By Component
    • 16.3.3. By Application
    • 16.3.4. By License Type
    • 16.3.5. By Installation
    • 16.3.6. By Transmission Frequency
    • 16.3.7. By End-Users
    • 16.3.8. By Country
      • 16.3.8.1. United Kingdom, 2021-2031F (USD Million)
      • 16.3.8.2. Germany, 2021-2031F (USD Million)
      • 16.3.8.3. France, 2021-2031F (USD Million)
      • 16.3.8.4. Italy, 2021-2031F (USD Million)
      • 16.3.8.5. Spain, 2021-2031F (USD Million)
      • 16.3.8.6. Russia, 2021-2031F (USD Million)
      • 16.3.8.7. Rest of Europe, 2021-2031F (USD Million)

17. Asia Pacific Millimeter Wave Technology Market

  • 17.1. Market Overview
  • 17.2. By Value (USD Million)
  • 17.3. Market Segmentation
    • 17.3.1. By Product
    • 17.3.2. By Component
    • 17.3.3. By Application
    • 17.3.4. By License Type
    • 17.3.5. By Installation
    • 17.3.6. By Transmission Frequency
    • 17.3.7. By End-Users
    • 17.3.8. By Country
      • 17.3.8.1. China, 2021-2031F (USD Million)
      • 17.3.8.2. India, 2021-2031F (USD Million)
      • 17.3.8.3. Japan, 2021-2031F (USD Million)
      • 17.3.8.4. South Korea, 2021-2031F (USD Million)
      • 17.3.8.5. Singapore, 2021-2031F (USD Million)
      • 17.3.8.6. Australia, 2021-2031F (USD Million)
      • 17.3.8.7. Rest of Asia Pacific, 2021-2031F (USD Million)

18. Latin America Millimeter Wave Technology Market

  • 18.1. Market Overview
  • 18.2. By Value (USD Million)
  • 18.3. Market Segmentation
    • 18.3.1. By Product
    • 18.3.2. By Component
    • 18.3.3. By Application
    • 18.3.4. By License Type
    • 18.3.5. By Installation
    • 18.3.6. By Transmission Frequency
    • 18.3.7. By End-Users
    • 18.3.8. By Country
      • 18.3.8.1. Brazil, 2021-2031F (USD Million)
      • 18.3.8.2. Mexico, 2021-2031F (USD Million)
      • 18.3.8.3. Argentina, 2021-2031F (USD Million)
      • 18.3.8.4. Rest of Latin America, 2021-2031F (USD Million)

19. Middle East & Africa Millimeter Wave Technology Market

  • 19.1. Market Overview
  • 19.2. By Value (USD Million)
  • 19.3. Market Segmentation
    • 19.3.1. By Product
    • 19.3.2. By Component
    • 19.3.3. By Application
    • 19.3.4. By License Type
    • 19.3.5. By Installation
    • 19.3.6. By Transmission Frequency
    • 19.3.7. By End-Users
    • 19.3.8. By Country
      • 19.3.8.1. GCC, 2021-2031F (USD Million)
      • 19.3.8.2. Israel, 2021-2031F (USD Million)
      • 19.3.8.3. South Africa, 2021-2031F (USD Million)
      • 19.3.8.4. Rest of Middle East & Africa, 2021-2031F (USD Million)