Millimeter Wave Technology Market to Soar at 42.99% CAGR to 2022
Aug 25, 2016
The global market for millimeter wave technology is expected to grow at a CAGR of 42.99% between 2016 and 2022 to reach USD 4,632.8 million by 2022 while APAC and RoW to be the fastest-growing markets dominated by North America with largest share globally
Pune, India - August 25, 2016 /MarketersMedia/ —
The global millimeter wave technology market is projected to grow at a CAGR of 42.99% between 2016 and 2022 to reach USD 4,632.8 million by 2022 from USD 346.8 million in 2015. The growth of this market is expected to be driven by the growing demand for bandwidth-intensive applications and increasing usage of millimeter wave technology in the small cell backhaul network.
The telecommunication sector accounted for the largest share of the millimeter wave technology market in 2015, and this sector is expected to hold the largest market share during the forecast period. The increasing installations of high-speed communication equipment would drive the growth of the millimeter wave technology market for the telecommunication sector in APAC and RoW between 2016 and 2022.
Complete report on millimeter wave technology market spread across 147 pages, profiling 10 companies and supported with 65 tables and 44 figures is now available at http://www.rnrmarketresearch.com/millimeter-wave-mm-wave-market-by-technology-components-frequency-imaging-radio-products-mm-scanners-mm-radars-mm-macrosmall-cell-backhaul-applications-telecommunication-healthcare-market-report.html .
North America accounted for the largest share of the global millimeter wave technology market in 2015 as the region is the early adopter of this technology; the market growth is also due to the high demand for bandwidth-intensive applications in the region. Europe accounted for the second largest share of the millimeter wave technology market in 2015. However, the millimeter wave technology market in RoW and APAC is expected to witness a high growth rate during the forecast period due to the expected developments in the telecom infrastructure and the commercialization of the next-generation (5G) technology by 2020.
In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews of key opinion leaders in the millimeter wave technology market have been conducted. The break-up of primary participants for the report is shown below:
By Company Type: Tier 1– 25%, Tier 2 – 45%, and Tier 3 – 30%
By Designation: C-Level Executives– 15%, Directors – 55%, and Others – 30%
By Region: North America – 35%, Europe – 40%, APAC – 10%, and RoW – 15%
The report profiles key players operating in the millimeter wave technology market, along with their respective market share analysis. The prominent players profiled in this report are Bridge Wave Communications (U.S.), E-Band Communications, LLC (U.S.), Siklu Communication Ltd. (Israel), SAGE Millimeter, Inc. (U.S.), Key sight Technologies (U.S.), Millitech Inc. (U.S.), NEC Corporation (Japan), Trex Enterprises Corporation (U.S.), Light Pointe Communications, Inc (U.S.), and Farran technology Ltd. (Ireland). Request a sample copy at http://www.rnrmarketresearch.com/contacts/request-sample?rname=88489 .
On a related note, another research on Short Wave Infrared (SWIR) Market Global Forecast to 2022 says, increased demand of shortwave IR in military for its night sighting capabilities and technological development of shortwave IR detector are driving the growth of the market. The manufacturing & process industry segment of the global Short Wave Infrared (SWIR) market held the largest market share in 2015. The overall market is expected to grow from USD 66.5 million in 2015 to USD 118.9 million by 2022, at a CAGR of 8.6% from 2016 to 2022. North America Short Wave Infrared (SWIR) market is projected to grow at the highest CAGR during the forecast period. Companies like Sensors Unlimited, Inc. (U.S.). Teledyne DALSA Inc. (Canada), Xenics (Belgium), Allied Vision Technologies GmbH (Germany), and FLIR Systems Inc. (U.S.) have been profiled in this 113 pages research report available at http://www.rnrmarketresearch.com/short-wave-infrared-swir-market-by-material-mercury-cadmium-telluride-indium-gallium-arsenide-industry-vertical-semiconductor-manufacturing-process-commercial-automotive-military-defense-and-geogr-st-to-2022-market-report.html .
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Source: http://marketersmedia.com/millimeter-wave-technology-market-to-soar-at-42-99-cagr-to-2022/129550
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