Telecom Millimeter Wave Technology Market Analysis Report By Frequency Band, By Licensing Type, By Application And Segment Forecasts From 2020 To 2027

Industry Insights

The global telecom millimeter wave (MMW) Technology market size was accounted for USD 573.3 million in 2019. It is projected to grow at a CAGR of 37.01% over the forecast period, 2020 to 2027. Growing demand for bandwidth-intensive applications and rising R&D activities are projected to boost market growth. Bandwidth-intensive solutions have high demand from mobile devices, smartphones, and consumer electronics. In addition, data-intensive tools including video conferencing, media exchange, online gaming, and video streaming are also projected to bolster the adoption of telecom millimeter wave technology.

The next-gen wireless communication trend is expected to gain momentum in the next few years. Several telecom operators are focusing on suitable frequencies required for the 5G network. MMW technology is projected to play a vital role in the development of 5G services. Multiple requirements such as high data rate (above 10 Gbps), low latency rate (1 msec) are boosting the demand for telecom MMW technology.

Bandwidth level above 24 GHz, is needed for data transmission in 5G services. Lab trials & research have proved that the millimeter-wave can process multi-gigabit per second. Moreover, technological innovation is enabling through sub-6 GHz in the uplink, MMW in the downlink. This MMW technology help in reducing power consumption & lowering cost. Thus, chipset manufacturers, stakeholders, service providers, infrastructure vendors are focusing on eliminating challenges in MMW technology.

Frequency Band Insights

Based on frequency bands, the telecom millimeter wave technology market is fragmented into E-Band, V-Band, and other frequency bands. The E-band segment contributed to the largest market share of over 73.6% in terms of revenue in 2019. E-band is highly applicable in the telecommunication sector. V-band type frequencies have ranged between 40-70 GHz. These wavebands are widely used in defense and military applications for satellite communication.

The growing telecom industry across the world is projected to boost demand for MMW technology in the automation, consumer electronics sector. Thus, the E-band segment is anticipated to grow at a significant rate in the next few years.

Application Insights

In 2019, the civil application segment held the largest market share of over 84.6% in the overall market. The civil segment includes applications like automotive, electronics, healthcare, transport, and telecommunications. Rising demand for high-speed data transmission from IT & commercial data centers is projected to support the market growth.

The military applications segment is projected to grow at the highest CAGR over the forecasted period. MMW solutions such as sensors and modules are used for military applications. To counter-terrorism activities, this technology is also used at airports, which is anticipated to positively impact market growth.

Licensing Type Insights

In 2019, the light-licensed type segment dominated the market with the largest share of 69.35% in terms of revenue in the overall market. Federal agencies have allotted an E-band range of 70/80GHz for light licensing applications. Wireless technologies utilize radio waves for data transmission. Licensing helps the government to eliminate the interference of telecom operators.

Unlicensed type frequency spectrum transmits radio waves without any authorization. 5G technology is projected to offer unlicensed spectrum bands. Federal agencies auctions a fully licensed bands spectrum. In the telecom sector spectrum range is necessary for better quality service, control, and mobility.

Regional Insights

In 2019, North America led the market with the highest market share of over 39.0% in the overall market. Countries such as Canada and the U.S. are early adopters of modern & emerging technological trends, which, in turn, is boosting regional growth. In addition, the growing demand for Carrier-Ethernet service is expected to proliferate the market growth.

Asia Pacific is projected to grow at the fastest CAGR of over 42.0% during the forecasted period. Rapidly growing telecom infrastructure across the region is contributing to market growth. Furthermore, the increasing adoption of MMW technology-based telecom equipment is fostering market growth.

Impact of COVID-19

COVID-19 pandemic has negatively impacted the global telecom MMW technology market. Coronavirus has caused economic turmoil and is expected to have implications on the development of innovations such as millimeter wave technology (MMW). For example, several telecom companies have put their 5G technology plans, and trials plan on hold.

In France, there has been a delay in the spectrum auction for 5G network development. Similarly, the auctions for 5G spectrum licenses across Austria, Portugal, Spain, and India have been postponed. However, the long-term market for MMW technology is expected to remain buoyant owing to its advantages such as lowest latency, high-speed data transfer.

Telecom Millimeter Wave Technology Market Share Insights

Leading players in the market engage in developing new technologies to meet the demand for high-speed data transmission. For example, in 2018, LightPointe Communications Inc., has introduced AireLink 6010 Gig which has a 60GHz capacity, 10 Gbps throughput. This product is highly cost-effective, especially for E-bands. Key players in the market include Siklu Communication Ltd, Aviat Networks, sage Millimeter Inc, Bridgewave Communications, and Lightpointe Communications.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For this study, Million Insights has segmented the global telecom millimeter wave technology market report based on the frequency band, licensing type, application, and region:

• Frequency Band Outlook (Revenue, USD Million, 2016 - 2027)
    • V-Band
    • E-Band
    • Other Frequency Bands

• Licensing Type Outlook (Revenue, USD Million, 2016 - 2027)
    • Fully-licensed
    • Light-licensed
    • Unlicensed

• Application Outlook (Revenue, USD Million, 2016 - 2027)
    • Military
    • Civil

• Regional Outlook (Revenue, USD Million, 2016 - 2027)
    • North America
        • U.S.
        • Canada
        • Mexico
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
    • The Asia Pacific
        • China
        • Japan
        • India
        • South Korea
        • Singapore
    • Rest of the World