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April 1, 2013 /PRNewswire/ --
According to a new market research report "
MillimeterWave (MM Wave)Market-ByTechnology,Components (Frequency, Imaging, Radio); Products (MM Scanners, MM RADARs, MM Macro/Small Cell Backhaul); Applications (Telecommunication, Healthcare, Automotive)-Analysis & Forecast (2013-2018)". Published by MarketsandMarkets, Inc., the total market is expected to reach roughly
$1.2 billion by 2018, growing at an explosive CAGR of 59.10% for the period of 2013 to 2018.
92 market data tables
390 pages and an in-depth Table of Content on " Millimeter Wave Market"
Early buyers will receive 10% customization on this report.
A millimeter wave is a special electromagnetic wave whose frequency lies in between 3 GHz to 300 GHz, falling far beyond the frequency range of commonly used wireless technologies. Though originally electromagnetic waves with frequencies above 80 GHz were termed as microwaves and waves with even higher frequencies as radio waves, with commercialization of this technology, the demarcation between frequencies has blurred over the past decade. Majority of the applications involve millimeter waves with frequencies lying between 20 GHz and 120 GHz as of 2013.
The low range and narrow beam of millimeter waves have made it ideal for having little or no interference between neighboring links, even in urban environments. This has made the interception of the Millimeter waves signal very difficult or nearly impossible. Thus in telecommunications, MM Waves technology is an alternative to fiber-optics, in terms of speed and performance, but at a low cost. Today, mobile base-station industry is rapidly incorporating MM Waves technology in small-cell equipment, due to advanced features offered by millimeter waves, and this trend has taken a steep upward curve, with the global LTE boom in 2012-2013.