TAM For Millimeter Wave Technology Market Worth $12.2B In 2020
Millimeter Wave Technology Market by Components (Sensors, Radio, Networking), Products (MM Scanners, MM RADARs, MM Small Cells), Applications (Communications, Aerospace, Healthcare, Automotive, Industrial) - Analysis & Forecast to 2020 report profiles BridgeWave Communications, Inc. (U.S.), E-Band Communications Corporation (U.S.), Vubiq, Inc. (Israel), Millivision Technologies (U.S), and others.
Dallas, TX /PRNewswire-iReach/ -- The global millimeter wave technology market revenue 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.
This report is focused on giving a bird's eye-view of the complete millimeter wave industry with regards to the products market with detailed market segmentations; combined with qualitative analysis at each and every aspect of the classifications done by semiconductors, components, frequency bands, frequency licensing nature, products, application verticals (sectors), sub-applications, and geography. All the numbers, both - revenue and volume, at every level of detail, are forecast till 2020 to give a glimpse of the potential revenue base in this market.
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In the aspect of components, the report focuses on global markets for all types of MM Wave components that are integrated into all types of millimeter wave products. Emphasis is given on the breakdown of MM Wave product's price into components and detailed analysis of each of the component markets – Antennas and Transceiver components, Communication and Networking components, Interface components, Frequency Sources, Oscillators, Mixers, Imaging components, RF and Radio components, Sensing and Control components, Power and Battery Components, and others, is done to assess revenue potential in each of the component markets.
From frequency perspectives, the report has an in-depth segmentation of the MM Wave technology market by frequency bands ranging from 8 GHz to 300 GHz, sub-segmenting the market into sub-markets for every frequency band, till the bottom-most level. In-depth segmentation of the MM Wave technology market into markets for unlicensed, light-licensed, and fully-licensed frequency spectrums is also done, added with analysis of expected growth rates and forecasts of the market in each category.
The report's purview of millimeter wave products encompasses the distinct fields of Mobile and Telecommunication products, Scanning and Imaging products, and RADAR and Satellite Communication products. All three product markets, due to the distinct nature of the fields in every aspect, are analyzed separately with the sub-segmentation of the market in each category into the sub-markets for every type of product available commercially. Growth rates and forecasts of each of the markets are analyzed with cross-comparisons in extensive detail to give a complete picture of the millimeter wave technology's revenue potential.
The report also focuses on various geographical markets for millimeter wave products and on the major geographical revenue bases and gives the market forecasts and estimates by the major geographical regions – North America, Europe, Asia–Pacific, and Rest of the World. Each of the major geographical markets is sub-segmented by the major countries and economies – The U.S. and the other countries for North America, the U.K., and Germany; France for Europe; China, India, South Korea, and Japan for Asia–Pacific; and Latin America, Middle East, and the other countries for the Rest of the World.
A competitive landscape of the current market is analyzed by three distinct market share analysis – one each for MM Wave products market in telecommunication applications, millimeter wave products market in imaging and scanning applications, the global MM Wave components market with the overall company revenue, revenue from the respective millimeter wave market, corresponding market shares, and market share rankings of the key players as of 2012.
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Key focus areas of the major players and corresponding influential factors on the market are also given with the analysis of the levels of activities and the impact of each factor on the current market. All the other details of the key players in the entire value chain, such as key products, launches, technologies, industry partners, financials, and growth strategies, are discussed in the extensive company profiles section covering product manufacturers, component manufacturers, key solution providers, and the other key players in the value chain, along those of complementary technologies such as Microwave technology.
The report also analyzes the market by discussing the market dynamics such as its growth influencing factors, drivers, restraints, opportunities, burning issues, winning imperatives, Porter's five forces, and other market trends including comparative analysis with the major corresponding technology – Microwave industry. The product and component prices and the price dynamics of each type of MM Wave device, in several major application segments, have been discussed and analyzed in brief, with an emphasis on dynamics of price changing factors.
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