The global Telecom Millimeter Wave Technology market size is expected to reach $3.1 billion by 2026, rising at a market growth of 34.5% CAGR during the forecast period. Millimeter wave is a type of electromagnetic technology used in various items such as computers, automobiles, medical equipment and others to provide higher-speed wireless broadband communication. This is known as extremely high frequency (EHF) as it provides a signal range ranging from 30GHz to 300GHz with a wavelength between 1 and 10 mm. In addition, millimeter wave technology provides protection for the transmission of communications.
The demand for millimeter wave 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 uses 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.
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 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.
The market research report covers the analysis of key stake holders of the 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.
