The global Telecom Millimeter Wave Technology market size is expected to be worth around US$ 7.39 billion by 2028, according to a new report by Vision Research Reports.
The global Telecom Millimeter Wave Technology market size was valued at US$ 573.2 million in 2020 and is anticipated to grow at a CAGR of 37.02% during forecast period 2021 to 2028.
Growth Factors
Millimeter Waves (MMW) can a transmit large amount of data efficiently, operating in the electromagnetic spectrum of 30 GHz to 300 GHz. Millimeter waves are also known as Extremely High-Frequency (EHF) waves owing to its operational frequency spectrum. The property of transmitting a large amount of data has made the technology a popular across the telecommunication application.
The MMW technology industry is prominently dependent on the applications in various verticals where it is used extensively. Major application areas include telecommunication, military and defense, security services, and medical and healthcare. Evolution of 5G technology is likely to occur over the coming years on account of recent developments and continuous research and progress in the telecom industry.
Millimeter waves are anticipated to play a vital role in the development of fifth-generation technology on account of the technology’s demand 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 intensive R&D carried out from the military and private sectors are leading towards the improvement of the MMW technology. In addition, the E-band frequency segment having extensive application in the telecommunication sector is estimated to generate the highest revenue. The E-band frequency segment is projected to keep on dominating in the telecom industry owing to the growing telecom applications. Therefore, the overall telecom millimeter wave technology market is poised to witness a significant growth worldwide over the forecast period at a notable pace.
Report Highlights
E-band led the telecom millimeter wave technology market and accounted for more than 73.7% revenue share in 2019. Rising application of E-band frequency is anticipated to drive the growth of the segment. E-band frequencies hold a prominent application in the telecommunication equipment segment. Whereas, the V-band frequencies range between 40 GHz to and 70 GHz, and the millimeter waves of these bands are particularly used in military and defense applications. In addition, the V-band frequencies are extensively used in radar and satellite communications.
Civil segment led the market and accounted for more than 84.7% share of the global revenue in 2019. The civil segment comprises various applications such as telecommunications, automotive and transport, healthcare, and electronics, and semiconductor applications. The growth rate of civil segment is expected to be high in the coming years owing to the increased demand for high-speed data transfer and communication arising from the residential and the commercial sectors such as data centers and IT offices.
The light-licensed spectrum led the market and accounted for more than 69.34% share of the global revenue in 2019. The high market share of the light-licensed spectrum is due to its lower cost and it is simple to manage. Federal agencies have allocated the E band (70/80 GHz) for public use with few light licensing requirements. The carriers can quickly get these licenses. All wireless technologies use radio waves to receive and transmit information. The wireless spectrum is bifurcated into various frequency bands so that many different technologies can use the radio waves simultaneously. By licensing these frequencies, it helps the government to ensure noninterference of wireless operators with each other's transmissions.
North America dominated the market and accounted for over 39.01% share of global revenue in 2019. This high market share of the region is attributable to region’s tendency of adapting to modern technologies. Countries such as the U.S. and Canada are one of prominent and early adopters of the upcoming and emerging technologies. Thus, the factors are creating opportunities for telecom MMW technology in different applications. Additionally, the region’s intensifying demand for Carrier Ethernet services in the metro areas is anticipated to drive the overall regional market.
Key Players
Aviat Networks, Inc.
Siklu Communication Ltd.
E-band Communications LLC
Sage Millimeter, Inc.
LightPointe Communications, Inc.
Market Segmentation
Telecom MMW Technology Frequency Band Outlook
V-Band
E-Band
Other Frequency Bands
Telecom MMW Technology Licensing Type Outlook
Fully-licensed
Light-licensed
Unlicensed
Telecom MMW Technology Application Outlook
Military
Civil
Telecom MMW Technology Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Germany
The U.K.
France
Italy
Spain
Asia Pacific
China
Japan
India
South Korea
Singapore
Rest of World
The Telecom Millimeter Wave Technology market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Telecom Millimeter Wave Technology market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Telecom Millimeter Wave Technology market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Telecom Millimeter Wave Technology market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Telecom Millimeter Wave Technology market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Telecom Millimeter Wave Technology capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Telecom Millimeter Wave Technology by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Telecom Millimeter Wave Technology market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Telecom Millimeter Wave Technology market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Telecom Millimeter Wave Technology market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Telecom Millimeter Wave Technology industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Telecom Millimeter Wave Technology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Telecom Millimeter Wave Technology market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Telecom Millimeter Wave Technology market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Telecom Millimeter Wave Technology market. These factors have benefited the growth of the global market for Telecom Millimeter Wave Technology. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Telecom Millimeter Wave Technology. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Telecom Millimeter Wave Technology are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers