[FURL=https://www.industryarc.com/Report/15612/extremely-high-frequency-ehf-technology-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Extremely High Frequency (EHF) Technology Market[/FURL] The global Extremely High Frequency Technology market size is forecast to reach $5.3 Billion by 2026, growing at CAGR 19.6% during the forecast period 2021-2026. Extremely High Frequency Technology is the ITU designed range of radio frequency electromagnetic spectrum waves between 30 Ghz to 300 Ghz and wavelength range between 1 cm to 1 mm. The increasing adoption of extremely high frequency technology in Military, Defence & Aerospace, Healthcare and others, owing to higher bandwidth radio waves, is set to be one of the major drivers for the growth of the market during the forecast period 2021-2026.Key Takeaways
Telecommunication is the fastest growing segment in Extremely High Frequency Market, owing to the deployment of 5G network.
North America led the market in 2020 with a share of 38.6% due to growing investment for improved broadband internet access.
Rise in demand for extremely high frequency technology in Military, Defence and aerospace is set to be one of the major factors analyzed to drive the market forward during the forecast period 2021-2026.
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Extremely High Frequency Technology Market Segment Analysis - by Geography
North America held the highest Extremely High Frequency Technology Market share of around 38.6% in the global Extremely High Frequency Technology market in 2020 and is further set to grow at a significant rate during the forecast period 2021-2026, owing to the growing adoption of extremely high frequency in IT & Telecommunications. The factors such as investments in the telecommunication industry, broadband speed improvement and deployment of 5G Network will be contributing to the market growth across the North American region in long run. For instance, in April 2021, USA Government proposed to invest $100 Billion over the span of 8 years to expand high-speed broadband access to the entire United States of America, thus creating opportunities for the adoption of Extremely High Frequency Technology.
Extremely High Frequency Technology Market- Drivers
Increase in demand for connected devices
Increase in demand for extremely high frequency technology in Military and Defence
Extremely High Frequency Technology Market Landscape
The Extremely High Frequency Technology Market top 10 companies include Bridgewave Communication, L3 Technologies Inc, E-Band Communications LLC, NEC Corporation, Key sight Technologies, Boeing Lockheed, Martin Northrop, Grumman, Raytheon Technology Corporation and Thales Group.
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