Millimeter Wave Technology Market Breakdown By Size, Share, Growth, Trends, and Industry 2026- MarkNtel Advisors
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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