Global Millimeter Wave Technology Market Size, Share, Development, Growth and Demand Forecast to 2020

The potential use of millimeter wave technology in 5g technology, and worldwide scope in defense, military, and aerospace and satellite communication applications are the factors which are expected to provide significant opportunities for the growth of the military wave technology market, in the forecast period.

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With increasing demand from enterprise level data centers and single consumers with smart phones requiring higher bandwidth, the demand for newer technologies to provide higher data transmission rates has been transformed to a higher level. A broad range of technologies exist for the delivery of high bandwidth, with fiber optic cable considered to be the peak standard. Millimeter wave wireless technology offers the potential to deliver bandwidth equivalent to that of fiber optics, but without the financial and logistical drawbacks of the deployments.

Millimeter wave represent the radio frequency signal spectrum between the frequencies 30GHz- 300GHz, with a wavelength between 1-10 mms. Millimeter waves can authorize more densely packed communications links, hence providing very effective spectrum utilization, and they can also increase the security of communication transmissions.

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The major growth drivers of the global millimeter wave technology market include increasing mobile data traffic, and demand for bandwidth intensive applications, upsurge in the usage of millimeter wave in small cell backhaul networks, escalating demand for innovative applications in the radar and security applications, and high potential usage of the millimeter wave technology, in consumer electronics applications.

The limited range of the millimeter wave technology is one of the major challenges faced by millimeter wave technology market. According to the laws of physics, the shorter the wavelength, the shorter is the transmission range for a given power. While signals at poor frequency bands can spread apart many miles, and enter more easily through rigid structures, millimeter wave signals travel only a few miles, and do not penetrate concrete materials effectively. This challenge restrains the range to 10 meters or less, thereby hindering the growth of the global millimeter wave technology market.

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