DALLAS, June 9, 2015 /PRNewswire/ --
According to a new market research report "Millimeter Wave Technology Market by Product (Telecommunication Equipment, Scanner Systems), Frequency Bands (E Band & V Band), Component (Frequency Sources, Imaging), Application (Mobile & Telecom, Consumer & Commercial), and Geography - Forecast to 2020", published by MarketsandMarkets, the total Millimeter Wave Technology Market is expected to reach $1,699.1 Million by 2020,at a CAGR of 42.70% from 2015 to 2020.
Browse 79 market data Tables and 63 Figures spread through 245 Pages and in-depth TOC on"MM Wave Technology Market"
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A millimeter wave is a special electromagnetic wave whose frequency lies between 20 GHz and 300 GHz. In the context of wireless communication, MM waves are generally referred to as bands of spectrum of around 38 GHz, 60 GHz, and 94 GHz. MM wave technology is widely used in sectors such as mobile & telecom, consumer & commercial, healthcare, and others. The MM Wave Technology Market is expected to reach $1,699.1 Million by 2020, at a CAGR of 42.70% from 2015 to 2020.
The report segments the MM Wave Technology Market on the basis of product, component, frequency band, license, application, and geography. Furthermore, it estimates and forecasts the market, along with analyzing various trends in the same. The market based on geography has been segmented into North America, Europe, and APAC.
These regions have been further split into respective countries which comprise the market for this product. Furthermore, North America has been segmented into the U.S., Canada, and Mexico; Europe comprises the U.K, Germany, France, and others; APAC comprises Japan, China, South Korea, and India; and RoW comprises the Middle East & Africa, and Latin America. The market overview section of the report includes the drivers, restraints, opportunities, and current market trends; and the technologies expected to revolutionize the industry.
The MM Wave Technology market has been segmented based on the application into mobile & telecom sector, consumer & commercial sector, industrial sector, and others. The market has also been segmented based on components into antennas & transceiver, communication & networking components, interface components, frequency sources & related components, imaging components, and others.
This report focuses on providing an insight into the overall MM Wave Technology Market, with detailed market segmentations, combined with the qualitative analysis of each and every aspect of the classification on the basis of product, component, frequency band, license, application, and geography. The said market has been estimated and forecast till 2020, to identify key revenue pockets for the same. The market for APAC is expected to grow at a high CAGR during the forecast period.
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Some of the prominent companies in this market include BridgeWave Communications, Inc. (U.S.), E-Band Communications, LLC (U.S.), Siklu Communication, Ltd. (Israel), SAGE Millimeter, Inc. (U.S.), and Keysight Technologies, Inc. (U.S.).
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