ELECTRONICS.CA PUBLICATIONS announces the availability of a new report entitled “Millimeter Wave Technology Market by Components, Products, Applications – Analysis & Forecast to 2020”. Millimeter wave technology operates in an unregulated bandwidth that is available world-wide and with better efficiency than traditional wireless LAN frequencies such as 2.5 GHz or 5 GHz for the specific set of non-traditional applications. “MM Wave technology” has many applications due to its unique features which facilitate advanced imaging, high speed backhaul in telecommunications, and high speed data transfer in home media networking. Other emerging applications include satellite communications, RADAR systems across various industries, and several more, which are bound to help this market take off at a rapid pace.
The global mmW market is growing rapidly in many segments and applications with some of the application markets likely to grow more than double by 2020 in terms of market revenue. Newer applications and uses are being devised for this technology which will further propel the market in the coming five to seven years.
Revenue for global MM wave technology market is estimated to reach $208.12 million by the end of 2014 and is expected to grow to cross $1.9 billion in 2020 at a CAGR of 45.09%. This growth is by the growing telecom application market for MM wave technology, especially in the small cell backhaul field. The MM wave scanner market is also expected to grow rapidly in the coming five years.
This report also looks into the whole value chain of the market. It also focuses on the parent markets and the sub-markets of this industry and thus, identifies the total potential market that can be tapped by MM wave technology. The market penetration of MM wave technology into its Total addressable market (TAM) stands at 3.54% in 2014 and is expected to grow to 15.81% by 2020. The Total addressable market (TAM) for MM wave technology is estimated to grow from $5.8 billion in 2014 to roughly $12.2 billion in 2020.
The report, based on an extensive research study of the market and the related semiconductor, component, and product industries, is aimed at identifying the entire market of specifically the MM wave products and MM wave components in all the applications excluding consumer electronic applications. The report covers the overall market and sub-segment markets through extensively detailed classifications, in terms of both – revenue and shipments.
Details of the new report, table of contents and ordering information can be found on Electronics.ca Publications’ web site. View the report: Millimeter Wave Technology Market by Components, Products, Applications – Analysis & Forecast to 2020.