According to a new report by Reportlinker, the global telecom Millimeter Wave Technology market is expected to be worth $3.1 billion by 2026, rising at a CAGR of 34.5% during the forecast period (2020-2026).
Millimeter wave (mm-Wave) technology is used for a wide range of applications. mm-Wave is defined as the frequency range from 30 GHz to 300 GHz (wavelength between 1 and 10 mm). The demand for this technology has been well-received in numerous industrial and commercial sectors, such as the provision of wireless connectivity in smart wearables, smart phones and smart watches. Technological developments in digital networks bring together a range of tools and sensors that ensure progress in healthcare, education, transport, automotive, telecommunications and other industries. Hospitals are also using stand-alone millimeter wave technology for medical imaging.
Military and aerospace equipment use mm-Wave technologies in applications such as radar and satellite communications, which are primarily used by the military in combat scenarios. The telecommunications industry uses mm-Wave technologies to transmit data over long distances. In addition, increased demand for greater bandwidth raises the demand for emerging technology such as mm-Wave over fiber optic cable, which provides high-speed data transmission. The growing in demand for connected devices by customers, such as smartphones, tablets and others, is driving market growth. Millimeter wave technology provides various benefits over fiber optics, such as high bandwidth, high speed and more efficient delivery.
The market research report by Reportlinker provides an analysis of the key stake holders in this market. Key companies profiled in the report include Cognizant, Ericsson AB, IBM Corporation, Oracle Corporation, Fujitsu Limited, Pegasystems Inc., ChikPea, Comarch, Cerillion, and Neustar, Inc.
How is the market segmented?
Based on Frequency Band, the market is segmented into E-Band and V-Band & Others. Based on Licensing Type, the market is segmented into Light-licensed, Unlicensed and Fully-licensed. Based on the End User, the market is segmented into Civil and Military. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
Strategies Deployed in Telecom Millimeter Wave Technology Market
April 2020: Aviat Networks collaborated with MaxLinear, Inc., a leading provider of radio frequency (RF), analog, and mixed-signal integrated circuits for the connected home, wired, and wireless infrastructure. Under this collaboration, the former company has selected the MxL1105 CMOS transceiver along with the MxL85652 and MxL85110 modems for its new line of WTM 4800 Multi-Band radios. The Aviat WTM 4800 is a unique new radio platform for E-Band and Multi-Band 5G transport applications.
December 2019: Aviat Networks made enhancements to its WTM 4000 all-outdoor radio platform. The enhancements aimed to boost data throughput and reliability capabilities in preparation for 5G deployments. The latest advancements included STR 4500: 8+0 with space diversity-supporting up to 10Gbps, WTM 4800 Multi-Band: now with 3 channels in a single box, 2 microwaves, and 1-millimeter wave, WTM 4200: 4x4 MIMO operation up to 4096 QAM, and WTM 4880: now supporting 20Gbps in a single, compact unit.
September 2019: Keysight Technologies introduced the first single box multi-channel solution for wideband mmWave measurements. The new functionality to Keysight UXR-Series of oscilloscopes provides fast, affordable, coherent analysis for wideband measurements up to 110 GHz; accelerating the development of next-generation mmWave communications, satellite communications, and radar applications.
May 2019: Keysight Technologies teamed up with Calterah, China's leading automotive millimeter wave radar chipset design house. The collaboration was aimed to support the design, verification, test, and launch of a new generation of automotive millimeter wave radar chipset that will drive the development of the connected car supply chain.
February 2019: Keysight Technologies came into partnership with smartphone maker Motorola Mobility. The partnership was focused on the development of its first 5G new radio (NR) enabled smartphone operating in the millimeter wave (mm-Wave) spectrum.
January 2019: BridgeWave Communications signed an agreement with Fujitsu Network Communications. The agreement was signed to supply and support BridgeWave wireless backhaul systems as part of Fujitsu's end-to-end transport solutions portfolio. The BridgeWave Navigator microwave system (6 GHz – 42 GHz) and the Flex4G-10000 true fiber capacity millimeter wave system (80 GHz) optimize backhaul networks for the highest capacity and range while minimizing capital investments and reducing operational costs.
April 2018: Keysight Technologies collaborated with Queen's University Belfast. Following this collaboration, the companies opened a new millimeter wave research lab. Keysight's equipment is available in this lab, including the N5247A PNA-X Non-Linear Vector Network Analyzer, E8361C PNA Microwave Network Analyzer with N5260A mmWave controller and an N9040B UXA Signal Analyzer. This enabled researchers to measure millimeter wave components used in radar, wireless communications, and imaging systems.
February 2018: Keysight Technologies announced its collaboration with Movandi, a venture-backed startup with a mission to revolutionize millimeter-wave networks. The collaboration was focused on testing and validating Movandi's BeamX technology and support optimizing Keysight's over the air (OTA) test systems.
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