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Millimeter Wave Market (MM Scanners, MM RADARs, MM Macro/Small Cell Backhaul) Worth $1.2 Billion by 2018 - New Report by MarketsandMarkets
Date:8/24/2013

d 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.

The global millimeter wave technology market revenue is expected to reach $116 million by end of 2013 is expected to grow to $1.1 billion in 2018 at a CAGR of 59.10%. Similarly, volumes are estimated to grow from roughly 11.8 thousand units to more than 360 thousand units in 2018. This growth is heralded by the growing telecommunication applications market for millimeter wave technology, especially in the fields of small cell and macro-cell mobile backhaul. The millimeter wave scanners & imaging systems market is also expected to grow rapidly in the coming five years with shift of scanning & security industry towards MM Wave technology from competing technologies such as X-ray backscatter technology.

The Total Addressable Market (TAM) for mm wave technology has been calculated by the addition of the TAMs for each of the application markets and is estimated to grow from $4.77 billion in 2013 to $10.56 billion in 2018. Thus the market penetration of millimeter wave technology in its total addressable market stands at 2.44% in 2013 and is expected to grow to 11.23% by 2018, showing a market penetration of roughly 9% over the next five years.

When geographical markets North America, Europe, Asia Pacific and the Rest of the World are considered, North America has the major share in the market with expected revenue of $roughly 48 million in 2013. The CAGR of the market’s primary base - North America, for the period 2013 to 2018 is calculated to be 56.77%. Europe and Asia Pacific are the fastest growing regions, with expected CAGRs of 60.51% and 61.13% respectively from 2013 to 2018, due to the major growth spurts expected in the telecom sector in the developing coun
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