Millimeter Wave Technology Market Worth - Essay Example

Millimeter Waves are the highest band of radio waves and operate at a frequency range of 20300 GHz. The radio waves in this band have wavelengths that are in order of millimeters (mm), which is why the waves in this band are called millimeter waves, abbreviated as MM Waves. In wireless communications, frequency is of the major factors that ascertain the feasibility of the technology. Revenue for Global Millimeter wave technology market Is estimated to reach $208. 12 million by the end of 2014 and is expected to grow and cross $1. 9 billion in 2020 at a CARR of 45. 09%.

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This growth is mainly because of the growing telecoms application market for MM wave technology, especially in the small cell backchat field. The MM eave scanner market is also expected to grow rapidly in the coming five years. This technology has a wide application in the areas like Mobile & telecommunications sector, Consumer & commercial sector, Healthcare sector, Industrial sector, Automotive & transportation sector, Military, defense & aerospace sector & some emerging, next-generation & other applications. By Geography this Technology is widely spread in North America.

Europe and OPAC are the fastest growing regions. Browse through the market data tables, figures and detailed TCO on the “Millimeter Wave Technology Market”. Get 10% Customization In This Report preposterousness. HTML [email protected] Com Tell: +1-888-502-0539 Related Reports European Millimeter Wave Technology Market sectors. In the telecoms sector, the Commission for European Post and Telecommunications (KEPT) recently opened up a 9 GHz wide band in the range 57-66 GHz for unlicensed millimeter wave application uses.

Apart from this, in the security domain, the European Commission banned the use of X-Ray backscatter machines in airports because of health and safety issues that have cropped up by using these machines. This has further pushed the market for millimeter wave scanners and is riving the growth for millimeter wave technology in Europe. By Geography this Technology is widely spread in North America. Europe and OPAC are the fastest growing regions. Http://www. Microelectronics. Mom/market/Europe-millimeter-wave- technology5472534913. HTML Asia Pacific OPAC (Asia Pacific) is one of the key markets to look out for in the millimeter wave technology space in future due to the tremendous scope in various applications. This is mainly due to the high population density in OPAC, which makes millimeter wave technology highly suitable due to its inherent high data rate capabilities and ability o penetrate through obstacles without being genomic. This technology is widely spread in the regions of North America.

Europe and OPAC are the fastest growing regions http://www. Microelectronics. Com/market/Asia-pacific-millimeter-wave- technology8985961683. HTML About Micro Market Monitor Micro Market Monitor publishes 12,000 Market Research Reports on Micro Markets annually. The company has identified several unmet needs in the industry such as value chain impact analysis on the overall size of the market, both from the demand and supply side, and also from the vendor & customer side, analysis that no other publisher provides.