Telecom Millimeter Wave (MMW) Technology 2025: Vendor Detail, Technologies
Posted by Nicky Arora on February 4th, 2020
The global Telecom MMW Technology Market is projected to reach USD 4.23 billion by 2025, according to the new report conducted by Grand View Research, Inc. Millimeter waves efficiently transmit a large amount of data and operate in the electromagnetic spectrum of 30 GHz to 300 GHz. This property has increased the popularity of MMW technology in the telecommunication sector. They are also known as Extremely High-Frequency (EHF) waves, owing to their operating frequency spectrum.
Fiber-optic cables are the most preferred transmission medium used for data transmission across the telecom industry. However, the fiber optics technology is costly, and the installation of the network is complicated. Thus, the millimeter wave technology is gaining traction as an alternative to fiber-optics medium.
The major application areas of the technology include telecommunication, military & defense, security services, and medical & healthcare. The recent developments and continuous research and progress in the telecom industry are likely to lead to the evolution of the 5G technology.
Millimeter waves are anticipated to play a vital role in the development of fifth-generation technology, owing to the need 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 R&D activities carried out by the public and private sectors, are driving the market. E-band frequencies have extensive applications in the telecommunication sector and the segment is anticipated to generate the highest revenue over the forecast period, on account of its growing applications in the sector. Therefore, the overall telecom millimeter wave technology market is poised to witness a significant growth over the forecast period.
Further key findings from the report suggest:
About Grand View Research:
Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. Grand View Research database is used by the world's renowned academic institutions and Fortune 500 compnies to understand the global and regional business environment. Our database features thousands of statistics and in-depth analysis on 46 industries in 25 major countries worldwide.
Grand View Research, Inc.
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San Francisco, CA 94105
Toll Free: 1-888-202-9519
About the AuthorNicky Arora
Joined: October 15th, 2019
Articles Posted: 282
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