ICT Market Analysis Report

In the day-to-day growing competition and technological advancements, the Global 5G Satellite Communication Market is likely to grow at a CAGR of 28.91% in the forecast years 2021-26. The prominent factors owing to the growth are technological benefits like high-speed internet connectivity, enhanced safety measures to support multiple end-user industries like aviation, transportation & logistics, consumer electronics, energy & utilities, & heavy industries. Alongside these factors, surging adoption & demand changes of consumers for better and improved bandwidth, seamless connectivity, and low latency further fuel the Global 5G Satellite Communication Market growth. There exists multiple market segmentation, where each segment has a different role and contribution to the market. Based on the Orbits, the 5G satellite communication market segments into Medium Earth Orbit (MEO), Geosynchronous Earth Orbit (GEO), and Low Earth Orbit (LEO). Of all, the Low Eart...

The factors such as the introduction of advanced MMW technology by the market leader, surging internet penetration, burgeoning innovation in radar and security application, and rising government funding to enhance telecom infrastructural are augmenting the market growth. The rollout of 5G and high investment toward 5G infrastructure is the primary factor for the astronomical market growth. Global Millimeter Wave Technology Market is likely to grow at a CAGR of 36% during 2021-26. The escalating need for high-speed network & higher bandwidth, soaring application of MMW technology in military & aerospace, and mounting R&D activities are the crucial factors accelerating the market growth. Based on License Type, Fully Licensed would register an astronomical growth in the coming years due to robust growth in smartphone users and snowballing adoption of fully licensed technology by the telecom sector. Moreover, Unlicensed Frequency captured the highest market share ...