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Demand for Additional Backhaul Capacity Drives the Millimeter Wave Equipment Market, According to New Report by Global Industry Analysts, Inc.

July 22, 2013

GIA announces the release of a comprehensive global report on Millimeter Wave Equipment markets. Global market for Millimeter Wave Equipment is projected to reach US$637 million by 2018, driven by expanding applications and increasing need for high-capacity mobile backhaul solutions.

San Jose, CA (PRWEB) July 22, 2013

Follow us on LinkedIn – Millimeter waves (Mm-wave) are a part of the electromagnetic spectrum falling in the frequency range of 30GHz – 300GHz. 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.

Mobile 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. As more consumers shift to smartphones and explore applications such as social networking, mobile enterprise, and entertainment, the need for additional network capacity and speed is on the rise. Also, increasing volumes of high-definition content, VOD and other personalized video services, and growth in data volumes being transmitted through communication networks is pushing demand for greater bandwidth. Conventional networks are being strained to address the growing requirements of network enablers and users. With the mobile industry exploring heterogeneous wireless networks, Millimeter waves, due to high frequency characteristics are evolving as an ideal solution for small cell backhaul problems. The evolution of next generation 4G/LTE networks and the 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 (Mm-wave) equipment.

With X-ray security scanners facing a lot of flak from regulatory authorities raising doubts about the scanners’ performance and effect when exposed to human skin, millimeter wave technology is gaining ground in scanning devices. Further, given its unique benefits, research is underway to deploy millimeter wave technology for non-destructive inspection in addition to food inspection and security measures. Also, Mm-wave radars that find extensive use in automotive safety devices in luxury vehicles are gradually penetrating the middle tier vehicle segment.

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 67% 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.

For more details about this comprehensive market research report, please visit –

http://www.strategyr.com/Millimeter_Wave_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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Source: prweb