The Global Millimeter Wave Equipment Market is Projected to Reach US$4.7 Billion by 2024
Increasing
Data Consumption Drives the Global Millimeter Wave Equipment Market, According
to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive analysis of industry
segments, trends, growth drivers, market share, size and demand forecasts on
the global Millimeter Wave Equipment market. The global Millimeter Wave Equipment market is projected to reach US$4.7
billion by 2024, driven by increasing data consumption around
the world as well as proliferation of high speed mobile data networks.
Millimeter waves are a part of the electromagnetic
spectrum falling in the frequency range of 30GHZ-300GHz. Initially deployed for
defense and research based applications, the technology today finds use in range
of applications including automotive radars, airport scanners and surveillance
systems, doppler radars used in weather forecasting applications, radio
broadcasting, satellites, cell phone transmissions, and telecommunication links
among others. 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 total cost
of ownership to carriers, while at the same time featuring high scalability to
address exploding data traffic offers a strong business case for millimeter
wave equipment.
The millimeter-wave equipment, at present primarily operates in the
unlicensed E- band 60GHz, licensed E-band 70-90GHz and W-band 75-110GHz. Such
equipment finds increased use in LTE macrocell backhaul and small cells that
account for major portion of the unlicensed 60GHz band.
As more and more new Internet services are being
introduced, there is a growing need for overall infrastructure to be updated in
order to accommodate increasing bandwidth speed. Mm-waves are also used in high data rate links as well
as personal area networking. High frequencies are capable of supporting a wider
bandwidth modulation easily over lower frequencies. However, propagation poses
a challenge, but not in case of short range systems and point-to-point data
communications, where Mm-waves provide an ideal alternative for fiber optics
technology. Millimeter wave equipment also address the requirement of
high-capacity gigabit wireless solutions for efficiently running bandwidth
intensive applications, such as medical imaging, cloud computing and video
surveillance. The
market witnessed an upsurge in demand with the increase in deployment of high
capacity mobile backhaul solutions in metros along with high cell density
following the deployment of 4G networks. Mm-waves are expected to find even higher
usage in 5G networks, which are expected to be launched around 2020. While
backhaul remains a critical part of the cellular network, differing data
traffic patterns across the globe have led to increasing complexity in backhaul
transport requirements.
Globally, the number of mobile cellular subscriptions
stood at 7.4 billion in 2016, with Asia-Pacific accounting for the maximum
share of subscriptions. About 10 countries have more than 100 million mobile
subscriptions with several others on the threshold of achieving this milestone.
The top ten nations collectively accounted for more than 60% of total mobile
subscriptions. In the coming years, mobile broadband subscriptions are expected
to grow at a much faster rate than fixed broadband, with most of this growth
attributed to developing nations that are characterized by significantly lower
rate of penetration for fixed broadband services.
As stated by the new market research report on Millimeter Wave Equipment, the United States represents
the largest market worldwide, followed by Asia-Pacific. Asia-Pacific is
forecast to witness the fastest growth with a CAGR of 48.4% over the analysis
period. The large subscriber base of mobile internet users and proliferation of
advanced mobile data technologies such as 4G and the upcoming 5G technology are
expected to drive market growth in the region.
Key players in the market include Bridgewave
Communications, E-Band Communications, Aviat Networks Inc., DragonWave Inc.,
ELVA-1 Millimeter Wave Division, INTRACOM TELECOM, NEC Corporation, Siklu
Communication Ltd, and Trex Enterprises Corporation among others.
The research report titled "Millimeter Wave Equipment: A Global
Strategic Business Report"
announced by Global Industry Analysts Inc., provides a comprehensive review of
market trends, growth drivers, innovations and launches, and strategic industry
activities of major companies worldwide. The report provides market estimates
and projections in US dollars for all major geographic markets including the US,
Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of
Europe), Asia-Pacific, and Rest of World.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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