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FMI Releases New Report on the Millimeter Wave Technology Market 2016-2026 Technology Articles | March 17, 2016
Future Market Insights has announced the addition of the “Millimeter Wave Technology Market: Global Industry Analysis and Opportunity Assessment 2016-2026" report to their offering.
Millimeter wave (MV) technology is a special type of electromagnetic wave technology. It is a mature technology and recently has been adopted in various application across industries. In the perspective of wireless communication Cheap NHL Jerseys Shop , the millimeter wave generally occupy frequency range between 30 GHz to 300 GHz.
Millimeter Wave Technology Market: Drivers and Restraint
Global millimeter wave technology market is expected to witness double digit compound annual growth rate over the forecast period. Factors which are driving the growth of global millimeter wave technology market are, rising mobile data traffic and growing demand for bandwidth intensive applications, increasing demand for the high speed data connectivity and high potential usage of millimeter wave technology in consumer electronics application.
On the other hand, factors which are restraining the growth of millimeter wave technology market are environmental concerns and limited range. Non-uniform licencing approach is creating a major challenge for the growth of millimeter wave technology market. The global millimeter wave technology market is expected to witness great growth opportunity over the forecast period due to technological advances that encourages the adoption of millimeter wave technology across different industrial verticals such as aerospace, healthcare Cheap NHL Jerseys Wholesale , defence, telecommunication and automobiles.
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Millimeter Wave Technology Market: Segmentation
Global millimeter wave technology market is segmented on the basis of product, licence, frequency band, application and region. On the basis of product Cheap NHL Jerseys From China , the global millimeter wave technology market can be segmented into telecommunication equipment, scanner system, radar & satellite communication system and others. On the basis of license, the global millimeter wave technology market can be segmented into light licence frequency millimeter wave, fully licence frequency millimeter wave and unlicensed frequency millimeter wave.
On the basis of application Cheap NHL Jerseys China , the global millimeter wave technology market can be segmented into telecommunication, healthcare, military, aerospace & defence, automotive & transportation Cheap NHL Jerseys , consumer electronics and others. In mobile & telecommunication application segment, there is great opportunity for millimeter wave technology. In automotive & transportation application segment, this technology can be used in drivers’ assistant system and the technology can accelerate the commercialization of unmanned vehicles. Additionally. The millimeter wave technology has significant value in healthcare application segment, where it can be used in scanning and imaging devices. On the basis of frequency band, the global millimeter wave technology can be segmented into 8 GHz to 57 GHz band frequency Cheap Jerseys Wholesale China , 58 GHz to 86 GHz band frequency and 87 GHz to 300 GHz band frequency.
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Millimeter Wave Technology Market: Region wise outlook
On the basis of region, the global millimeter wave technology market can be segmented into seven regions which include – North America, Latin America, Asia-Pacific excluding Japan (APEJ), Western Europe Cheap Authentic Jerseys , Eastern Europe, Middle East and Africa (MEA) and Japan. Further the market is sub-segmented as per the major countries of each region in order to provide better regional analysis of millimeter wave technology market. Out of all these region, North America is expected to dominate the global millimeter wave technology market. U.S is expected to witness a double digit CAGR growth due to rising applications of millimeter wave technology in mobile & telecommunication industry
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