Global Millimeter Wave Equipment Market Size, Share, Growth, Trends and Forecasts, 2015 to 2022: Grand View Research

The global millimeter wave equipment market is expected to witness high growth owing to the growing use of wireless equipment worldwide. Further, growing utility of millimeter wave equipment in satellite communication may fuel market demand. Millimeter wave equipment account for low interference and allow for setup of close proximity links. Additionally, increasing preference for a secure short-distance communication option in LAN is expected to drive the millimeter wave equipment market. Increasing need for extra spectrum is also anticipated to drive market growth.

Millimeter waves operate in an electromagnetic spectrum with waves ranging from 30GHz to 300GHZ and are usually 1mm to 1m in wavelength. They are longer than infrared and shorter than radio waves.

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Benefits of using millimeter waves for short-distance communication include enhanced directivity through the antenna, improved resolution, and increased bandwidth. Further, equipment utilizing millimeter waves are becoming smaller and lighter. These are being deployed in inter-satellite link systems, collision avoidance, and military radar systems. Benefits such as smaller wavelengths requirement, antennas and capability to work in tighter bandwidths is expected to fuel the millimeter wave equipment market over the forecast period. Additionally, these waves simplify frequency reuse, interference management, and network design.

Low compatibility with atmosphere and line-of-sight requirement may pose as a challenge to the millimeter wave equipment market for the next seven years. At 60GHz, oxygen molecules interact with the electromagnetic radiation of millimeter wave and absorb their energy, making them useless for long-distance transmission. Additionally, these waves are blocked by buildings and other structures and are also vulnerable to rain, fog, and snow.

Millimeter wave equipment are increasingly being used across commercial sector, mobile & telecom sector, consumer sector, industrial sector, etc. Millimeter wave equipment contains antennas & transceivers, frequency sources & components, interface components, imaging components, and communication & networking components.

Countries such as China and India are expected to contribute significantly to the millimeter wave equipment market. Asia Pacific is anticipated to witness surge in wireless device users, further increasing demand for millimeter wave equipment. Europe and North America are also expected to account for major market share over the forecast period.

Key market players in the millimeter wave equipment market include NEC Corp, LOEA Corp LM Ericsson, Nokia Siemens Networks LLC, Alcatel-Lucent, Huawei Technology Co. Ltd., GigaBeam Corp., Fujitsu Laboratories Ltd., E-Band Communications, SiBEAMInc, LightPointe Communications Inc., BridgeWave Communications Inc., Microsemi Corp., Proxim Corp., and Siklu Inc.

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