According to Markntel Advisors Report, Millimeter Wave Technology Market is expected to grow at a significant growth rate, and the analysis period is 2021-2026, considering the base year as 2020. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
In mobile telecommunication networks, spectrum scarcity is a longstanding problem. Sufficing the rapidly surging data rate demand for communications in the 800 MHz- 6 GHz spectrum is becoming more challenging. Hence, communication in the millimeter-wave frequency range, i.e., 30- 300 GHz, has attracted the attention of many researchers.
Millimeter Wave Technology Market Research Report Summary:
The Global Millimeter Wave Technology Market is anticipated to grow at a CAGR of around 36% during the forecast period, i.e., 2021-26.
Time Period Captured in the Report:
- Historical Years: 2016-19
- Base Years: 2020
- Forecast Years: 2021-26
Who are the Key Players Operating in the Millimeter Wave Technology Market?
The top companies of the Millimeter Wave Technology Market ruling the industry are:
Lightpointe Communications, Inc., Millitech, Inc., Bridgewave Communications, QuinStar Technology, Inc., Eravant (Sage Millimeter, Inc.), Cablefree: Wireless Excellence, E-Band Communications, Llc., Farran Technology, Aviat Networks, Inc., NEC Corporation, Siklu Communication Ltd., Trex Enterprises Corporation
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What is Included in Millimeter Wave Technology Market Segmentation?
The Millimeter Wave Technology Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product
- Telecommunication equipment
- Mobile backhaul equipment
- Small-cell equipment
- Macro-cell equipment
- Scanning Systems
- Active System
- Passive System
- Radar and Satellite Communication Systems
- By Component
- Antennas Transceivers
- Frequency Sources Related Components
- Communication Networking Components
- Imaging Components
- RF Radio Components
- Sensors Controls
- Interface Controls
- Power Battery Components
- Others
- By License Type
- Light licensed
- Unlicensed frequency
- Fully licensed frequency
- By Frequency Band
- 30 GHz to 57 GHz
- 57 GHz to 96 GHz
- 96 GHz to 300 GHz
- By Application
- Telecommunication
- Military Defense
- Healthcare
- Automotive Transport
- Electronics Semi-conductor
- Security
- By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia-Pacific
Explore the Complete Millimeter Wave Technology Market Analysis Report – https://www.marknteladvisors.com/research-library/global-millimeter-wave-technology-market.html
Market Dynamics
Key Driver: Rise in Mobile Broadband Data Speeds
Broadband speed is the most critical factor that has accelerated IP traffic consumption of high-bandwidth content. It is expected that between 2020 2025, the global average broadband speed is likely to grow two folds, from 62.5 Mbps to 130 Mbps, due to the mounting adoption of Fiber-to-the-Home (FTTH), cable broadband, high-speed DSL.
Furthermore, the increasing deployment of 5G technology using millimeter wave spectrum for low-latency, high-capacity fixed wireless broadband networks is also fueling the overall market growth. Millimeter-wave frequencies allow the usage of narrow beamwidth antennas that enables power to be directed to where it is required with a high-speed capacity.
Possible Challenge: Adverse Environmental Impact of Millimeter Waves
The power density of waves above 5–10 mW/cm2 leads to thermal effects. The high-intensity millimeter waves affect human skin cornea, causing pain and physical damage at higher exposures. Furthermore, the deployment of 5G networks can surge energy usage and result in rapid climate changes. Besides, the manufacturing of new technologies associated with 5G produces waste and uses crucial resources that lead to environmental consequences. Moreover, millimeter waves can be harmful to birds, which, in turn, has cascading effects through entire ecosystems.
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