Telecom Millimeter Wave (MMW) Technology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
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Global Telecom Millimeter Wave (MMW) Technology Market: Overview
Millimeter waves are those part of the radio waves between wavelengths of ten to one millimeter. They are also referred as Extremely High Frequency (EHF) range. Telecom Millimeter Wave share the features of microwaves and far infrared waves since the wavelength ranges between these two waves. These waves usually propagate through line-of-sight and thus are subjected to high atmospheric attenuation as compared to lower bands. This technology is now being used in small cell mobile backhauls of base stations in developing metro network services over Telecom Millimeter Wave as they are capable of transferring data at high speeds and low latency despite the smaller antenna size. In wireless communications, frequency is a major factor that determines the feasibility of the technology. Millimeter wave technology (MMW) operates in an unregulated bandwidth that is available world-wide. Millimeter Wave technology is being rapidly adopted by users ranging from enterprise level data centers to single consumers with smart phones requiring higher bandwidth. The demand for newer technologies to deliver these higher data transmission rates has increased. The advancement in technologies over the past few years has enabled the widespread use of millimeter wave to address the challenges of lower frequency as well as high-speed communications.
Global Telecom Millimeter Wave (MMW) Technology Market: Drivers and Restraints
Increased government funding and initiatives, growing need for high-speed data transfer along with the overuse of the existing spectrum in the telecom sector and growing demand for bandwidth-intensive applications are some of the primary factors driving the growth of the global telecom millimeter wave (MMW) technology market. There are certain limitations that diminish its practical applications, since these waves are propagated through line-of-sight buildings, trees and other obstacles hamper its range and also its effectiveness. Specific devices compatible for telecom millimeter wave technology need to be developed as majority of the devices are compatible with microwaves. This in turn would drive the cost of overall product price. These are some of the factors hampering the growth of telecom millimeter wave (MMW) technology market. Millimeter waves are likely to play a vital role in the development of fifth-generation technology, owing to the need for higher-bandwidth. The research and developments as well as testing of 5G technology are certain key factors that is predicted to drive the growth of the telecom millimeter wave (MMW) technology market for the mobile & telecom application over the next few years to come. Efforts are being taken by many companies to upgrade their research and development activities to introduce innovations in this field.
Global Telecom Millimeter Wave (MMW) Technology Market: Key Segments
The global telecom millimeter wave (MMW) technology market is segmented on the basis of frequency band type, licensing nature, industry vertical, product and region. On the basis of frequency band type, the telecom millimeter wave (MMW) technology market is segmented into V-band, E-band and others. E-band frequencies have broad applications in the telecommunication sector. On the basis of licensing nature, the telecom millimeter wave (MMW) technology market is segmented into fully-licensed, light-licensed and unlicensed frequency bands. On the basis of industry vertical, the global telecom millimeter wave (MMW) technology market is segmented into telecommunications, defense, healthcare, security services, automotive, industrial, transportation as well as commercial & consumer. This technology is being increasingly used in unmanned aerial vehicles (UAVs) and unmanned surface vessels (USVs) for military and aerospace applications. On the basis of product, the telecom millimeter wave (MMW) technology market is segmented into scanner and imaging systems, MM RADAR and satellite communication systems, perimeter and surveillance RADAR, application-specific RADAR, satellite systems, MM telecommunication equipment, mobile back-haul equipment, sub-segments such as small-cell & macro-cell, enterprise and other networking equipment. Geographically, the telecom millimeter wave (MMW) technology market can be segmented into North America, Europe, Middle East & Africa, Latin America and Asia-Pacific.
Global Telecom Millimeter Wave (MMW) Technology Market: Key Players
Some of the key players operating in the global telecom millimeter wave (MMW) technology market are BridgeWave Communications, E-Band Communications, LLC, Siklu Communication Ltd, L3 Technologies, Inc., NEC Corporation, Renaissance Electronics & Communications (HXi), Smiths Group Plc., LightPointe Communications, Inc., Vubiq Networks, Inc., QuinStar Technology Inc., Proxim Wireless, ELVA-1 and Wireless Excellence Ltd. among others.
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