The Asia Pacific Telecom Millimeter Wave Technology Market would witness market growth of 36.7% CAGR during the forecast period (2020-2026). Millimeter waves are those portions of the radio waves in wavelengths of ten to one millimeter. They are often referred to as Extremely High Frequency (EHF) spectrum. Telecom Millimeter Wave combines the features of microwaves and far infrared waves as the frequency ranges of the two frequencies. These waves usually spread through the line of sight and are thus subject to high ambient attenuation relative to the lower bands. This technology is now being used by small cellular satellite backhauls of base stations to develop metro network networks over Telecom Millimeter Wave because they are capable of transmitting data at high speeds and low latency given the smaller antenna size.
Frequency is a primary factor deciding the viability of the system of wireless communications. Millimeter wave technology (MMW) operates in an unrestricted environment that is available worldwide. Millimeter Wave technology is being rapidly adopted by users ranging from enterprise-level data centers to single consumers of smart phones requiring higher bandwidth. The demand for emerging technologies to offer higher data transfer speeds has increased. Breakthroughs in technology over the past few years have enabled the widespread use of millimeter waves to address the low-frequency and high-speed communication challenges.
Rising in the adoption of multimeter wave technology developments in the healthcare and aerospace industries due to growing demand for imaging equipment networks, surveillance and, above all, security. In addition, the rise in demand for mm wave solutions in the industrial segment due to increased adoption of building automation ensures high precision of occupancy detection and monitors both indoor and outdoor people from 14 m to 50 m. As a result, the increase in advancement in material science, imaging and process control in the automotive sector is driving the demand for millimeter wave technology around the globe. Nonetheless, high cost and environmental concerns related to 5G and restricted scope act as a major constraint that hampers market growth.
Based on Frequency Band, the market is segmented into E-Band and V-Band & Others. Based on Licensing Type, the market is segmented into Light-licensed, Unlicensed and Fully-licensed. Based on End User, the market is segmented into Civil and Military. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Telecom Millimeter Wave Technology Market in Asia Pacific is expected to register a CAGR of 36.7% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cognizant, Ericsson AB, IBM Corporation, Oracle Corporation, Fujitsu Limited, Pegasystems Inc., ChikPea, Comarch, Cerillion, and Neustar, Inc.
Market Segmentation:
By Frequency Band
By Licensing Type
By End-User
By Country
Companies Profiled
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