In 2019, the market size of global millimeter wave communication technology is 573.3 million US dollars, and it is expected to usher in rapid development from 2020 to 2027, with a compound annual growth rate (CAGR) of 37.01%.

The increasing research and development activities of millimeter wave (MMW) technology and the increasing demand for bandwidth-intensive applications are expected to drive the growth of this market. The demand for bandwidth-intensive applications especially comes from consumer electronics and mobile devices, such as smart phones and wearable electronic devices.  Data-intensive services such as video streaming, video conferencing, media exchange on the Internet, and high-speed online games are expected to drive the demand for high bandwidth, and thus the need to adopt telecommunications MMW technology.

In addition, the next generation of wireless communication is getting closer and closer to us over time. The telecommunications community is implementing multiple technologies to accurately verify that 5G-related frequencies will be deployed. Millimeter wave is expected to be a key driver of 5G deployment. The technical requirements of 5G, such as peak data rates, are the driving factors driving the adoption of MMW technology in the telecommunications field.

In order to meet the data throughput requirements of 5G services, a large amount of adjacent bandwidth above 24 GHz is required. Research and laboratory tests have proven that millimeter waves can provide data rates of several gigabits per second. In addition, the competitive environment is fostering the latest innovative methods, such as the use of MMW in the downlink and the use of spectrum below 6 GHz in the uplink. Therefore, through these innovative methods, power-consuming MMW transmitters are no longer needed in 5G devices, thereby reducing costs and power consumption.

Despite the obstacles and challenges in technology application, millimeter wave technology supports 5G applications with sufficient momentum and momentum. Service providers, chipset manufacturers, network infrastructure providers, and various stakeholders are working together to overcome the challenges associated with high-frequency MMW technology.

  Frequency band

E-band leads the communication millimeter wave technology market, accounting for more than 73.6% of the revenue share in 2019. The ever-increasing application of E-band frequency is expected to drive growth in this field. E-band frequency occupies an important application in the field of telecommunications equipment, while V-band frequency range is between 40 GHz and 70 GHz, and millimeter waves in these bands are especially used for military and defense applications.  In addition, V-band frequencies are widely used in radar and satellite communications.

The global telecommunications industry is developing extensively around the world, and due to the increasing demand for various applications such as consumer electronics, smart education, smart home, and automation industries, the global telecommunications industry may maintain rapid growth with the development in recent years. Therefore, it is expected that the E-band in the telecommunications MMW industry will significantly increase during the forecast period.

Application

The civilian sector will lead the market, accounting for more than 84.6% of global revenue in 2019. The civil field includes various applications, such as telecommunications, automotive and transportation, healthcare, and electronic and semiconductor applications. Due to the increasing demand for high-speed data transmission and communications in the residential and commercial sectors (such as data centers and IT departments), the growth rate in the civilian sector is expected to be high in the coming years.

During the forecast period, it is expected to use telecom millimeter wave technology in military applications. Due to the increasing use of MM modules and sensors in various military and defense applications, the military field is expected to grow at the fastest rate. Due to global terrorism issues, this technology has been widely adopted by international airport authorities. This overall situation is expected to drive market growth in the future.

License

Light-licensed spectrum dominates the market and accounts for more than 69.35% of global revenue in 2019. The high market share of light-licensed spectrum is attributed to its lower cost and ease of management. The government has allocated E-band (70/80 GHz) to the public for use, and there are few requirements for light-licensed. Operators can quickly obtain these licenses.

All wireless technologies use radio waves to receive and send information. The wireless spectrum is divided into two frequency bands, so many different technologies can use radio waves simultaneously. By licensing these frequencies, it can help the government ensure that wireless operators do not interfere with each other’s transmissions.

Unlicensed spectrum is also called unlicensed spectrum, which uses radio waves without any personal authorization. Many mobile operators have launched operator Wi-Fi and 4G within this spectrum. In addition, 5G technology may start in unlicensed or optically licensed spectrum. The government auctions the fully licensed spectrum, and its owners use it exclusively. This spectrum is a top priority for the telecommunications industry because it provides higher service quality, mobility and control capabilities.

Area

North America dominates, accounting for more than 39.0% of global revenue in 2019. The high market share in North America is due to the region’s adaptation to modern technology trends.  Countries such as the United States and Canada are one of the main adopters of emerging technologies and emerging technologies. Therefore, these factors are creating opportunities for telecommunication MMW technology in different applications. In addition, the growing demand for Ethernet services from operators in the metropolitan area is expected to drive the entire regional market.

However, the MMW technology market in the Asia-Pacific region is expected to grow significantly during the forecast period. During the forecast period, the compound annual growth rate of the Asia-Pacific region is expected to exceed 42.0%. The rapid growth of this technology in the Asia-Pacific region can prove that its telecommunications infrastructure is developing and upgrading. In addition, the installation of new telecommunications equipment based on millimeter wave technology is expected to further promote the overall market development of the entire region.