|By Business Wire||
|May 26, 2014 09:20 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/vdgrf8/millimeter_wave) has announced the addition of the "Millimeter Wave Technology Market by Components, Products, Applications - Analysis & Forecast to 2020" report to their offering.
Millimeter Waves are the highest band of radio waves and operate at a frequency range of 20 GHz -300 GHz. The radio waves in this band have wavelengths that are in order of millimeters (mm), which is why the waves in this band are called millimeter waves, abbreviated as MM Waves. In wireless communications, frequency is one of the major factors that ascertain the feasibility of the technology.
The global millimeter wave technology revenue market is expected to reach $208.12 million by the end of 2014 and is expected to grow to $1.9 billion in 2020 at a CAGR of 45.09%. Similarly, volumes are estimated to grow from 22.48 thousand units to close 700 thousand units in 2020. This growth is heralded by the growing telecom application market for millimeter wave technology, especially in the small cell backhaul field. The millimeter wave scanner market is also expected to grow rapidly in the coming five years.
The total addressable market (TAM) for millimeter wave technology is estimated to grow from $5.8 billion in 2014 to roughly $12.2 billion in 2020. The TAM for millimeter wave technology has been calculated by the addition of the TAMs for each of the application markets. Thus, the market penetration of millimeter wave technology into this TAM stands at 3.54% in 2014 and is expected to grow to 15.81% by 2020.
The major players in this market are BridgeWave Communications, Inc. (U.S.), E-Band Communications Corporation (U.S.), Vubiq, Inc. (Israel), Millivision Technologies (U.S), and others.
Key Topics Covered:
2 Executive Summary
3 Cover Story
4 Market Overview
5 Industry Analysis
6 Market Analysis
7 Market By Component
8 Market By Products
9 Market By Application
10 Market By Geography
11 Competitive Landscape
12 Company Profiles
- Agilent Technologies, Inc.
- Aviat Networks, Inc.
- Bridgewave Communications, Inc.
- E-Band Communications, Llc
- Farran Technology Ltd.
- Millimeter Wave Products Inc.
- Millitech Inc.
- Millivision Technologies
- Sage Millimeter, Inc.
- Vubiq, Inc.
For more information visit http://www.researchandmarkets.com/research/vdgrf8/millimeter_wave
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