The 5G millimeter wave (mmWave) market is expected to be worth $75.2 billion by 2026, as per a latest market report. For the next five years, the CAGR stands at 43%. In line with this, fixed wireless access (FWA) is expected to be a major contributor to the 5G mmWave infrastructure market.
To define, 5G mmWave delivers a wide spectrum and capacity along with lower latencies. High bands above 24GHz are particularly allocated for 5G telecom infrastructure with the availability of the new spectrum depending on regulators.
ResearchAndMarkets.com stated that there are seven operators that have already launched commercial 5G networks using mmWave bands. These include NTT Docomo and Rakuten (Japan); MTN (South Africa); Asia Pacific Telecom (Taiwan); and AT&T, T-Mobile, and Verizon (US). In the Middle East, Etisalat has also announced the deployment of 5G mmWave across its commercial network in the UAE.
Along with this, 138,000 small cells are expected to be deployed by 2021 which is expected to rise to 3.25 million by 2026. This surge is anticipated considering that operators need dense small cell deployment for mmWave. Furthermore, 202 million 5G mmWave-supported devices are expected to be shipped in 2021 and are likely to reach 1.1 billion units by 2026.