Telecom Millimeter Wave (MMW) Technology: Challenges and Opportunities Ahead
The global TelecomMMW Technology Market is projected to reach USD 4.23 billion by 2025,
according to the new report conducted by Grand View Research, Inc. Millimeter
waves efficiently transmit a large amount of data and operate in the
electromagnetic spectrum of 30 GHz to 300 GHz. This property has increased the
popularity of MMW technology in the telecommunication sector. They are also known
as Extremely High-Frequency (EHF) waves, owing to their operating frequency
spectrum.
Fiber-optic cables are the most preferred
transmission medium used for data transmission across the telecom industry.
However, the fiber optics technology is costly, and the installation of the
network is complicated. Thus, the millimeter wave technology is gaining
traction as an alternative to fiber-optics medium.
The major application areas of the technology
include telecommunication, military & defense, security services, and
medical & healthcare. The recent developments and continuous research and
progress in the telecom industry are likely to lead to the evolution of the 5G
technology.
Millimeter waves are anticipated to play a
vital role in the development of fifth-generation technology, owing to the need
for higher-bandwidth. The 5G technology is predicted to emerge in the coming
years and the market is likely to witness its adoption significantly.
Eventually, the demand for MMW technology is expected to boost, in turn,
propelling the overall MMW technology market, particularly across the telecom
industry.
Increased government funding and initiatives,
coupled with R&D activities carried out by the public and private sectors,
are driving the market. E-band frequencies have extensive applications in the
telecommunication sector and the segment is anticipated to generate the highest
revenue over the forecast period, on account of its growing applications in the
sector. Therefore, the overall telecom millimeter wave technology market is
poised to witness a significant growth over the forecast period.
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Further
key findings from the report suggest:
·
North America
accounted for the largest market share in 2016, owing to the early adoption of
the technology in the region
·
U.S. generated
the highest revenue in 2016 in the North America regional market
·
The E-band
frequency segment is anticipated to witness significant growth over the
forecast duration, owing to its extensive adoption in telecom applications
·
The E-band
frequency segment is likely to witness significant demand in the telecom
industry of the Asia Pacific region
·
The growing
urbanization in the Asia Pacific region and competitive rivalry amongst the
telecom service providers, for offering superior quality internet and other
related services to increase customer base, are expected to drive the regional
telecom MMW technology market
·
Online streaming
of high-quality videos and online gaming, which require high bandwidth and
consume large amounts of data, are likely to fuel the overall demand for MMW
technology in the telecom sector
·
The prominent
industry players operating in the global Millimeter Wave technology market are
Siklu Communication Ltd., Bridgewave Communications, Inc., NEC Corporation,
Keysight Technologies, Sage Millimeter, Inc., Lightpointe Communications, Inc.,
and others.
About
Grand View Research:
Grand View Research is an India & U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. Grand
View Research database is used by the world's renowned academic institutions
and Fortune 500 compnies to understand the global and regional business
environment. Our database features thousands of statistics and in-depth analysis
on 46 industries in 25 major countries worldwide.
Contact:
Grand View Research, Inc.
201 Spear Street 1100,
San Francisco, CA 94105
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
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