The Global Market for Millimeter Wave Equipment is Projected to Reach US$1 Billion by 2020
Deployment of Small Cell Backhaul Networks Drives the Millimeter
Wave Equipment Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces
the release of a comprehensive global report on Millimeter Wave Equipment. The
global market for Millimeter Wave Equipment is projected to reach US$1 billion
by 2020, driven by the active deployment of small cell backhaul networks.
Millimeter
waves, (Mm-wave) are a part of the electromagnetic spectrum featuring a
wavelength and frequencies ranging from 1 mm – 10mm and 30 - 300 GHz
respectively. Initially deployed for defense and research based applications,
Mm-wave technology today finds use in a range of applications including
automotive radars, airport scanners and surveillance systems, weather
forecasting applications, radio broadcasting, cell phone transmissions, and
telecommunication links. The main feature of Mm-wave technology is its unique
resolution. The short wavelength along with significant bandwidth and
transmission features of mm-waves enables use of small-sized antennas which is
critical in dense urban deployments. In the coming years, Mm-waves are poised
to gain momentum largely due to factors such as technological advancements and
the exploding growth in media technology coupled with consumer inclination
towards high-bandwidth connectivity. The evolution of next
generation 5G networks and the ongoing
LTE-Advanced (LTE-A) network deployment
and growing need for backhaul solutions that offer lowest TCO to carriers, at
the same time high scalability to address the exploding data traffic offers a
strong business case for millimeter wave equipment.
With the mobile
industry exploring the heterogenous wireless networks, the future is expected
to witness multilayered networks of macro and small cells supplying cheap
bandwidth to smartphones and tablets. Outdoor small cell backhaul is expected
to be the major growth driver for millimeter wave equipment. The market is
expected to witness a surge in demand with increase in deployment of high
capacity mobile backhaul solutions in metros along with high cell density
following the deployment of 4G network. The advent of 4G coupled with the
introduction of advanced 4G technologies namely WiMAX and LTE (Long-Term
Evolution) is propelling the demand for high data rates as well as mobile
backhaul applications. The trend is also expected to pave the way for Mm-wave
radios at bandwidths of 70/80 GHz, especially for delivering high capacities
for 4G networks.
As stated by
the new market research report on Millimeter Wave Equipment, the United States represents
the largest market worldwide. Asia-Pacific represents the fastest growing
market with a robust CAGR of 40% over the analysis period. China and India are forecast
to fuel demand for rich Internet media services, which require improved back
haul transmission links, thereby increasing the requirement of millimeter wave
technology.
Key players covered
in the report include Aviat Networks, BridgeWave Communications, DragonWave,
E-Band Communications, ELVA-1, and Siklu Communication Ltd., among others.
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