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Growth rate with high CAGR +33.1% by region of global millimeter wave technology market 2017-2024 detailed in new research report

New report "Millimeter Wave Technology Market" accounted to USD 1.1 billion in 2016 growing at a CAGR of 33.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Millimeter Wave Technology Market Make an Inquiry about this news, By Product (Scanner Systems, Telecommunication Equipment), By Frequency Band (8 GHz to 43 GHz, 43 GHz to 80 GHz, 80 GHz -300 GHz ), By License Type (Fully-licensed, light-licensed, and unlicensed frequency bands), By Type of Components (Antennas and Transceiver, Communications and Networking Components, Interface Components, Frequency Components and Related Components, Imaging Components), By Application (Mobile and Telecom, Military, Defense, and Aerospace, Automotive), By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

The millimeter wave technology uses an extremely high frequency or very high frequency which is used for high-speed wireless broadband communications. The millimeter-wave region of the electromagnetic spectrum is usually considered to be the range of wavelengths from 10 millimeters (0.4 inches) to 1 millimeter (0.04 inches).

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Competitive Analysis:

Millimeter wave technology market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

The report includes market shares of millimeter wave technology market for global, Europe, North America, Asia Pacific and South America.

Key Drivers:

  • Growing Telecom Industry
  • Growing Demand for Innovative Application of Radar and Security Products
  • Growing Consumer Electronics Market
  • Rising Mobile Subscribers

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Market Segmentation:

By product the millimeter wave technology market is segmented scanner systems, and telecommunication equipment.

By Frequency Band the market is segmented into 8 GHz to 43 GHz, 43 GHz to 80 GHz and 80 GHz -300 GHz.

On the basis of license type the market is segmented into fully-licensed, light-licensed, and unlicensed frequency bands.

By types of components the market is segmented into antennas and transceiver, communications and networking components, interface components, frequency components and related components, imaging components.

On the basis of application the market is segmented into mobile and telecom, military, defense, and aerospace and automotive.

Top Competitors:

  1. Sivers IMA,
  2. QuinStar Technology, Inc,
  3. Siklu Communication Ltd,
  4. Smiths Group plc,
  5. REMEC Broadband Wireless Networks LLC,
  6. E-Band Communications, LLC.,
  7. L3 Technologies, Inc.,
  8. Vubiq Networks, Inc,
  9. NEC India Pvt. Ltd.,
  10. Renaissance Electronics & Communications, LLC,
  11. Roxim Wireless,
  12. ELVA-1,
  13. CableFree,
  14. SAGE Millimeter, Inc.,
  15. Millitech Inc.,   
  16. Among others

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