The Millimeter wave technology is a band of radio frequencies, with a spectrum band between 30GHz to 300GHz. The short wavelength of the technology provides sub-mm range accuracy. Some of the benefits comprise of increased performance, better coverage, and closer integration across multiple wireless technologies, such as 4G LTE to Wi-Fi, sub-6GHz 5G, and 5G mm-wave. Additionally, its compliance with 5G has largely benefitted in easy deployment.
The goal of mm-Wave is to expand the available data bandwidth over smaller, heavily populated regions. It will be a crucial part of 5G in many cities, powering data in sports stadiums, malls, and convention centers, and essentially everywhere, data congestion may be a problem. Outside rural towns and villages, sub-6GHz and low bands below 2GHz are likely to play a more crucial role in ensuring consistent coverage. Further, the millimeter wave technology market is expected to grow from USD 1 billion in the year 2019 to USD 4.8 billion in 2027, with a CAGR of 19%.
𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐫𝐞𝐪𝐮𝐞𝐬𝐭 𝑭𝒓𝒆𝒆 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐇𝐞𝐫𝐞 ➦ https://straitsresearch.com/report/millimeter-wave-technology-market/request-sample
Increase in Broadband and Mobile Speeds with Growing Utility and Demand to Drive the Market
With the proliferation of technology, there has been a surge in the utility and demand for internet services. Digitalization in all the industry verticals has led to the faster adoption of smartphones and other connected devices. As stated by the 'State of the Industry Report on Mobile Money 2019', published by GSMA, globally, in 2019, there were 372 million active mobile services accounts. As stated in the 'State of Broadband: Broadband as a Foundation for Sustainable Development,' September 2019, published by Broadband Commission, International Telecommunication Union, approximately 51% of the total population use the internet. Thus, a surge in demand for increased broadband and mobile internet utility speed has been noted. The mm-wave technology is anticipated to be used for 5G backhaul. On April 14, 2020, Samsung demonstrated that with full potential, the 5gmmwave can achieve a speed of 8.5 Gbps across multiple devices.
Key Players
- Axxcss Wireless Solutions (the U.S.)
- Keysight Technologies (the U.S.)
- NEC Corporation (Japan)
- Eravant, (the U.S.)
- Siklu Communication (Japan)
- Aviat Networks (the U.S.)
- Farran Technologies (Ireland)
- L3HARRIS (the U.S.)
- Smiths Group (the U.K.)
- Millimeter Wave Products (the U.S.)
- Millivision Technologies (the U.S.)
- Vubiq Networks (the U.S.)
- Elva-1 (Latvia)
- Proxim Wireless (the U.S.)
- Cable-free (the U.K.)
- Fastback Networks (the U.S.)
- Quinstar Technology (the U.S.)
- Lightpointe Communications, Inc. (Lightpointe Wireless) (the U.S.)
- Trex Enterprises Corporation (Trex) (the U.S.)
- Nuctech (China)
- OSI Systems (the U.S.)
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