The Global Market for Millimeter Wave Equipment is Projected to Reach US$1 Billion by 2020

Deployment of Small Cell Backhaul Networks Drives the Millimeter Wave Equipment Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Millimeter Wave Equipment. The global market for Millimeter Wave Equipment is projected to reach US$1 billion by 2020, driven by the active deployment of small cell backhaul networks.

Millimeter waves, (Mm-wave) are a part of the electromagnetic spectrum featuring a wavelength and frequencies ranging from 1 mm – 10mm and 30 - 300 GHz respectively. Initially deployed for defense and research based applications, Mm-wave technology today finds use in a range of applications including automotive radars, airport scanners and surveillance systems, weather forecasting applications, radio broadcasting, cell phone transmissions, and telecommunication links. The main feature of Mm-wave technology is its unique resolution. The short wavelength along with significant bandwidth and transmission features of mm-waves enables use of small-sized antennas which is critical in dense urban deployments. In the coming years, Mm-waves are poised to gain momentum largely due to factors such as technological advancements and the exploding growth in media technology coupled with consumer inclination towards high-bandwidth connectivity. The evolution of next generation 5G  networks and the ongoing LTE-Advanced (LTE-A)  network deployment and growing need for backhaul solutions that offer lowest TCO to carriers, at the same time high scalability to address the exploding data traffic offers a strong business case for millimeter wave equipment.

With the mobile industry exploring the heterogenous wireless networks, the future is expected to witness multilayered networks of macro and small cells supplying cheap bandwidth to smartphones and tablets. Outdoor small cell backhaul is expected to be the major growth driver for millimeter wave equipment. The market is expected to witness a surge in demand with increase in deployment of high capacity mobile backhaul solutions in metros along with high cell density following the deployment of 4G network. The advent of 4G coupled with the introduction of advanced 4G technologies namely WiMAX and LTE (Long-Term Evolution) is propelling the demand for high data rates as well as mobile backhaul applications. The trend is also expected to pave the way for Mm-wave radios at bandwidths of 70/80 GHz, especially for delivering high capacities for 4G networks.

As stated by the new market research report on Millimeter Wave Equipment, the United States represents the largest market worldwide. Asia-Pacific represents the fastest growing market with a robust CAGR of 40% over the analysis period. China and India are forecast to fuel demand for rich Internet media services, which require improved back haul transmission links, thereby increasing the requirement of millimeter wave technology.

Key players covered in the report include Aviat Networks, BridgeWave Communications, DragonWave, E-Band Communications, ELVA-1, and Siklu Communication Ltd., among others.

The research report titled “Millimeter Wave Equipment: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, company profiles, mergers, acquisitions and other strategic industry activity. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific, and Rest of World.