Global Millimeter Wave Technology Equipment Market 2016-2020

Global market overview for millimeter wave technology equipment

The global market for millimeter wave technology equipment will exhibit promising growth and post an impressive CAGR of over 47% by 2020. According to Technavio’s market research analyst, the prospects for growth in this market will be affected by the deployment of next-generation LTE wireless networks. The recent increase in the global data consumption has led to the high adoption of LTE wireless networks like 4G, and the growing number of global commercial networks has made LTE the fastest developing mobile technology. Since RF components, including millimeter wave equipment, are used to support different standards, applications, band combinations, and mobile operators' requirements, its demand among the LTE wireless network service providers is anticipated to rise substantially over the next few years.

Another key factor that spurs market growth is the recent growth in mobile data traffic. According to Technavio’s market research analyst, the average smartphone usage grew by 43% year-over-year in 2015. It was also noted that during the same time, mobile traffic data per tablet was 2,576 MB per month when compared to 929 MB per month per smartphone. It was also noted that the average non-smartphone usage rose to 23 MB per month in 2015, from 16 MB per month in 2014. This increase in the mobile data traffic will lead to the augmented demand for better network connections, which, in turn, will result in the growing need for equipment, such as millimeter wave equipment, to facilitate access to better network connections.

Competitive landscape and key vendors

The level of competition in this market is fierce as it is characterized by the influx of several new vendors. Consequently, to survive in this market, vendors have been compelled to distinguish their product and service offerings through clear and unique value propositions. Additionally, factors such as performance, innovation, product features, quality, low cost, selling price, distribution, and financial stability also play a crucial role in affecting the vendor’s hold over the market.

Key vendors in this market are -

• BridgeWave Communications
• E-Band Communications
• Siklu Communication
• Sub10 Systems (Fastback Networks)

Other prominent vendors analyzed in this market study are Agilent Technologies, Aviat Networks, CableFree (Acquired by Wireless Excellence Ltd.), Fujitsu, GigaBeam, Huawei Technologies, L-3 Communications Holdings, Lightpointe Communications, Loea, Brijot Imaging Systems, Inc. (Acquired by Microsemi), Millitech, Millivision Technologies, Millimeter Wave Products, Northrop Grumman, Pulse~LINK, SIAE Microelettronica, Smiths Group, Sub10 Systems, Tensorcom, Vubiq Networks, and Wasa.

Application-based segmentation and analysis of the millimeter wave technology equipment market

• Transport
• Access
• Macrocell backhaul
• Small cell backhaul

At present, the small cell backhaul application segment dominates this market and is anticipated to retain its dominating hold over the market until the end of 2020. Much of this market segment’s growth can be attributed to the ability of small cell backhaul to radios to offer interference-free 4G service, enables users to deploy radios along with integrated advanced networking solutions.

Geographical segmentation of the millimeter wave technology equipment market

• Americas
• APAC
• EMEA

By 2020, the Americas is envisaged to account for the largest market share owing to the proliferation of smart TVs, high adoption of smartphones, and emerging technologies like the IoT. Furthermore, with the growing proliferation of smartphones and 4G network, the demand for more spectrum space in the telecom sector will increase. This need for a higher spectrum space across the telecom sector will, in turn, foster the need for millimeter wave technology equipment in this region.

 Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global millimeter wave technology equipment market?
• What are the key market trends impacting the growth of the global millimeter wave technology equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global millimeter wave technology equipment market?
• What are the market opportunities and threats faced by the vendors in the global millimeter wave technology equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global millimeter wave technology equipment market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Microwave Radio Market 2016-2020
• Global Mobile Backhaul Equipment Market 2015-2019