Dublin, Aug. 16, 2021 (GLOBE NEWSWIRE) -- The "Millimeter Wave Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Millimeter Wave Equipment Market to Reach $2.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Millimeter Wave Equipment estimated at US$300.7 Million in the year 2020, is projected to reach a revised size of US$2.9 Billion by 2027, growing at a CAGR of 37.9% over the analysis period 2020-2027.
Telecommunication Equipment, one of the segments analyzed in the report, is projected to record a 37.2% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Radar & Satellite Communication Systems segment is readjusted to a revised 40.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $90.7 Million, While China is Forecast to Grow at 36.7% CAGR
The Millimeter Wave Equipment market in the U.S. is estimated at US$90.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$479.5 Million by the year 2027 trailing a CAGR of 36.7% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 34.2% and 32.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 26.7% CAGR.
Scanner Systems Segment to Record 36.1% CAGR
In the global Scanner Systems segment, USA, Canada, Japan, China and Europe will drive the 36.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$36.3 Million in the year 2020 will reach a projected size of US$313.9 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$346.3 Million by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Millimeter Wave Technology - Changing the Wireless Future
- Bandwidth Hungry Networks to Drive the Market
- Recent Market Activity
- Millimeter Wave Spectrum
- Outlook
- Overcoming the Limitations
- Competitive Scenario
- Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS (Total 36 Featured)
- Aviat Networks, Inc. (USA)
- BridgeWave Communications, Inc. (USA)
- CableFree: Wireless Excellence Limited (UK)
- DragonWave, Inc. (Canada)
- E-Band Communications, LLC (USA)
- ELVA-1 Millimeter Wave Division (Russia)
- INTRACOM TELECOM (Greece)
- NEC Corporation (Japan)
- Siklu Communication Ltd (Israel)
- Trex Enterprises Corporation (USA)
3. MARKET TRENDS & DRIVERS
- Increasing Applications to Drive the Market
- Transforming Wireless Technology Landscape Offers Ripe Opportunities
- Evolution of Mobile Wireless Technologies
- 5G - The Future in Store
- Small Cell Backhaul - A Lucrative Segment
- Growing Need for High Frequency Bandwidths for Ultrahigh Capacity Backhaul
- Metrocells - A Step Ahead of Macrocells
- Expanding Internet User Base: A Key Driving Force
- Rapid Penetration of Smartphones: A Strong Growth Driver
- Exploring Opportunities for Mm-Wave Technology
- Radar on A Chip Penetrates New End Markets
- Leveraging on the Controversies Surrounding X-Ray Scanners
- Cracking the Quality Issues
- Evolving to Suit New Generation Radio Access Network
4. GLOBAL MARKET PERSPECTIVE
- World Current & Future Analysis for Millimeter Wave Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
- World Historic Review for Millimeter Wave Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
- World 15-Year Perspective for Millimeter Wave Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027
- World 15-Year Perspective for Telecommunication Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
- World 15-Year Perspective for Radar & Satellite Communication Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
- World 15-Year Perspective for Scanner Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
- World 15-Year Perspective for Telecommunication by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
- World 15-Year Perspective for Military & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
- World 15-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
- World 15-Year Perspective for Consumer Industry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
- World 15-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
- World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2020 & 2027
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 36
For more information about this report visit https://www.researchandmarkets.com/r/jpmmrp
