The global Telecom Millimeter Wave (MMW) Technology Market size is expected to value at USD 4.23 billion by 2025. The market is subject to witness a substantial growth due to the growing focus on research and development activities in the millimeter wave (MMW) technology and rising demand from end-users for bandwidth-intensive applications. Globally, the telecom millimeter wave technology industry is predicted to grow at high CAGR in forecast period, providing numerous opportunity for market players to invest for research and development in the telecom MMW technology market.
Growing demand of the bandwidth-intensive applications, majorly driven by consumer electronic devices such as smart phones and numerous wearable electronics devices, thus attributing to the growth of the telecom millimeter wave (MMW) technology industry in recent years. Major importance is given towards high bandwidth and high speed internet in the telecom sector from both developed and developing economies. Furthermore, numerous data-driven services, similar to online video streaming, video calling, file exchange over the internet, and high speed online gaming, are predicted to amplify the demand for the telecom millimeter wave (MMW) technology in coming years.
With advent of next generation of wireless communication technologies such as 5G predicted to boost demand of telecom millimeter wave (MMW) technology. The telecom millimeter wave (MMW) technology is vital in deploying 5G technology, by verifying range of the frequencies that are primarily used in 5G. Furthermore, telecom millimeter wave (MMW) technology helps in enabling 5G wireless technology by executing 5G fixed wireless. Technical requirements, for example,data speed should be above ten Gigabytes per second and onemillisecond latency rate, can only be possible with help of the telecom millimeter wave (MMW) technology.
The telecom millimeter wave (MMW) technology is capable of meeting multiple data throughput demands such as wider adjoining bandwidth within the range of twenty-four gigahertzes, is further fulling market growth in recent years. The telecom millimeter wave (MMW) technology is capable of delivering data speed up to multi-gigabit per second, with proven lab results. Moreover, growing competition in the telecom millimeter wave (MMW) technology market is expected boost adoption of innovative and ground-breaking technology in telecom industry. With recent trends such as telecom millimeter wave (MMW) and sub-six GHz spectrum, in both downlink and the uplink networks, are propelling market growth.
Increasing adoption of telecom millimeter wave (MMW) and sub-six GHz spectrumhelp to completely eliminate requirements of high energy consuming millimeter wave (MMW) transmitters in 5G electronic devices. Due to which reduction in overall cost of an electronic device with minimum power requirements is achieved. Such advantages are anticipated to positively impact popularity of telecom millimeter wave (MMW) technology over the forecast period.
Telecom millimeter wave, also termed as extremely high frequency (EHF) or very high frequency (VHF) as per International Telecommunications Union (ITU) standards. Currently, telecom millimeter wave is widely popular in high speed wireless broadband services. Application of the telecom millimeter wave ranges from high speed broadband to point to point wireless local area networks (WLANs) for internet access. In tele-communications sector, the telecom millimeter wave is widely utilized for number smart phones and Wi-Fi networks due to high data transfer speeds.
The telecom millimeter wave technology industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption latest technologies and existence well-established network infrastructure. Asia-Pacific region is predicted to hold major market share in the telecom millimeter wave technology market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with recent development in the telecom sector and increasing investment by leading industry player considering potential opportunities in the region.
The key players in the telecom millimeter wave (MMW) technology industry are Aviat Networks, Incorporations, Siklu Communication Limited, E-band Communications Co., Keysight Technologies Co., Sage Millimeter Incorporations, and Bridgewave Communications Incorporations.
Telecom MMW Technology Outlook (Revenue, USD Million; 2014 - 2025)
• Other Frequency Bands
Telecom MMW Technology Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• Asia Pacific
• South America and the Middle East & Africa (MEA)
Research Support Specialist, USA