The Latin America, Middle East and Africa Telecom Millimeter Wave Technology Market would witness market growth of 38.5% CAGR during the forecast period (2020-2026).
Millimeter Waves (MMW) can transmit a vast volume of data efficiently, operating in an electromagnetic range from 30 GHz to 300 GHz. Millimeter waves are also known as Extremely High Frequency (EHF) waves owing to their operating frequency spectrum. The property of transferring a large amount of data has made technology popular in the telecommunications application.
The MMW development industry is highly reliant on applications in different vertical areas where it is commonly used. Major fields of operation include telecommunications, military and defense systems, security services and medical and health services. The evolution of 5G technology is expected to occur in the coming years due to recent advancements and continuous research and advancement in the telecommunications industry.
Significant impact factors in the millimeter wave technology industry include the introduction of millimeter wave technology in the telecommunications field, increased use of millimeter wave technology in healthcare, aerospace and radio astronomy, and increasing demand for wireless communication. Nevertheless, high cost and environmental concerns are significant constraints on market growth. In addition, the rise in demand for millimeter wave technology in MDA and autonomous vehicles is expected to offer remunerative opportunities to the industry for millimeter wave technology. These factors are projected to have a major effect on the millimeter wave technology market during the forecast period.
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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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..
Scope of the Study
By Frequency Band
• V-Band & Others
By Licensing Type
By End User
• Saudi Arabia
• South Africa
• Rest of LAMEA
• Ericsson AB
• IBM Corporation
• Oracle Corporation
• Fujitsu Limited
• Pegasystems Inc.
• Neustar, Inc.
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