Telecom Millimeter Wave Technology Market Emerging Trends, Technological Development and Current Scenario till 2027
The global Telecom Millimeter Wave (MMW) Technology Market is estimated to reach USD 7.38 billion, by 2027, and is anticipated to grow at a CAGR of 37.01% over the forecast period, 2020 to 2027, according to a new report by Million Insights. Millimeter waves operate between frequency spectrum band 30 GHz to 300 GHz and has the capability to transmit large data. Millimeter waves are termed as extremely high-frequency waves (EHF) due to their operational frequency.
The global Telecom Millimeter Wave (MMW) Technology Market is estimated to reach USD 7.38 billion, by 2027, and is anticipated to grow at a CAGR of 37.01% over the forecast period, 2020 to 2027, according to a new report by Million Insights. Millimeter waves operate between frequency spectrum band 30 GHz to 300 GHz and has the capability to transmit large data. Millimeter waves are termed as extremely high-frequency waves (EHF) due to their operational frequency.
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Further key findings from the report suggest:
• North America contributed to the highest market share in the telecom MMW technology market, mainly due to
the rising adoption of innovative technology.
• In 2019, the U.S. has generated the largest revenue in North America market.
• Depending on frequency band, E-band segment is estimated to grow at the fastest rate during the forecast
period.
• In Asia Pacific growing telecom industry is projected to create ample growth opportunities for E-band frequency
type segment.
• Online gaming, online streaming, and demand for high quality videos are expected to boost the growth of MMW
technology market.
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Million Insights has segmented the global telecom millimeter wave technology market based on frequency band,
licensing type, application, and region:
Telecom Millimeter Wave Technology Frequency Band Outlook (Revenue, USD Million, 2016 - 2027)
• V-Band
• E-Band
• Other Frequency Bands
Telecom Millimeter Wave Technology Licensing Type Outlook (Revenue, USD Million, 2016 - 2027)
• Fully-licensed
• Light-licensed
• Unlicensed
Telecom Millimeter Wave Technology Application Outlook (Revenue, USD Million, 2016 - 2027)
• Military
• Civil
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