The global telecom millimeter wave technology market size is projected to reach USD 7.38 billion by 2027, registering a CAGR of 37.01%, according to the new report conducted by Grand View Research, Inc. Millimeter Waves (MMW) can a transmit large amount of data efficiently, operating in the electromagnetic spectrum of 30 GHz to 300 GHz. Millimeter waves are also known as Extremely High-Frequency (EHF) waves owing to its operational frequency spectrum. The property of transmitting a large amount of data has made the technology a popular across the telecommunication application.
The MMW technology industry is prominently dependent on the applications in various verticals where it is used extensively. Major application areas include telecommunication, military and defense, security services, and medical and healthcare. Evolution of 5G technology is likely to occur over the coming years on account of recent developments and continuous research and progress in the telecom industry.
Millimeter waves are anticipated to play a vital role in the development of fifth-generation technology on account of the technology’s demand 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 intensive R&D carried out from the military and private sectors are leading towards the improvement of the MMW technology. In addition, the E-band frequency segment having extensive application in the telecommunication sector is estimated to generate the highest revenue. The E-band frequency segment is projected to keep on dominating in the telecom industry owing to the growing telecom applications. Therefore, the overall telecom millimeter wave technology market is poised to witness a significant growth worldwide over the forecast period at a notable pace.
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Telecom Millimeter Wave Technology Market Report Highlights
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Telecom Millimeter Wave Technology Market Segmentation
Grand View Research has segmented the global telecom MMW technology market based on frequency bands, licensing type, application, and region:
Telecom MMW Technology Frequency Band Outlook (Revenue, USD Million, 2016 – 2027)
Telecom MMW Technology Licensing Type Outlook (Revenue, USD Million, 2016 – 2027)
Telecom MMW Technology Application Outlook (Revenue, USD Million, 2016 – 2027)
Key Topic Covered
Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 Telecom Millimeter Wave Technology – Industry Snapshot & Key Buying Criteria, 2016 – 2027 Chapter 3 Industry Outlook 3.1 Market Segmentation 3.2 Telecom Millimeter Wave Technology – Market Size and Growth Prospects 3.3 Telecom Millimeter Wave Technology – Value Chain Analysis 3.4 Telecom Millimeter Wave Technology – Market Dynamics 3.4.1 Market driver analysis 3.4.1.1 Growing demand from the bandwidth-intensive applications and the telecommunication sector 3.4.1.2 Increasing adoption of MMW technology in telecommunication sector and emerging 5G technology 3.4.2 Market restraint analysis 3.4.2.1 Range limitations, line-of-sight communication, and environmental factors interfering the propagation 3.5 Industry Analysis – Porter’s 3.6 Penetration & Growth Prospect Mapping 3.7 Telecom Millimeter Wave Technology – PEST Analysis Chapter 4 Telecom Millimeter Wave Technology Market: Frequency Band Estimates & Trend Analysis 4.1 Telecom MMW Technology Market: Frequency Band Movement Analysis 4.1.1 V-Band 4.1.1.1 Market estimates and forecast, 2019 – 2027 (USD Million) 4.1.1.2 Market estimates and forecast by region, 2019 – 2027 (USD Million) 4.1.2 E-Band 4.1.2.1 Market estimates and forecast, 2019 – 2027 (USD Million) 4.1.2.2 Market estimates and forecast by region, 2019 – 2027 (USD Million) 4.1.3 Other Frequency Bands 4.1.3.1 Market estimates and forecast, 2019 – 2027 (USD Million) 4.1.3.2 Market estimates and forecast by region, 2019 – 2027 (USD Million) Chapter 5 Telecom Millimeter Wave Technology Market: Licensing Type Estimates & Trend Analysis 5.1 Telecom MMW Technology Market: Licensing Type Movement Analysis 5.1.1 Fully-licensed 5.1.1.1 Market estimates and forecast, 2019 – 2027 (USD Million) 5.1.1.2 Market estimates and forecast by region, 2019 – 2027 (USD Million) 5.1.2 Light-licensed 5.1.2.1 Market estimates and forecast, 2019 – 2027 (USD Million) 5.1.2.2 Market estimates and forecast by region, 2019 – 2027 (USD Million) 5.1.3 Unlicensed 5.1.3.1 Market estimates and forecast, 2019 – 2027 (USD Million) 5.1.3.2 Market estimates and forecast by region, 2019 – 2027 (USD Million)
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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