The global millimeter wave (MMW) technology market is estimated to reach USD 8.69 billion by 2025, according to the new report by Grand View Research, Inc. Millimeter waves are radio frequencies operating in the electromagnetic spectrum of 30 GHz to 300GHz, also known as Extremely High-Frequency (EHF) range. As the millimeter waves are capable of transmitting large amounts of data with greater efficiency, they hold a major application across the telecommunication industry.

Read more at: http://www.grandviewresearch.com/industry-analysis/millimeter-wave-mmw-technology-market

Currently, fiber-optic cables are one of the best transmission mediums being used, extensively, for data transmission. However, the fiber optics technology is extremely costly and the network is highly tedious to install, posing the millimeter wave technology as an appealing alternative for the fiber-optics medium.