High-frequency technology is used in cases where secure communication is needed along with reliability. Extremely high-frequency technology is used in cases where data transmission is carried securely irrespective of the geographical distance. Data can be transmitted via any medium and over any platform. It is also used for navigation purposes in which the data transmitted is received and navigated. U.S. and European regions have been using the technology for over a decade and are the largest contributors to the growth of the global Extremely High-Frequency Technology market.
The technology has been beneficial in providing real-time data to infantry troops and possible threats within geographical boundaries. As a result of tactical advantages, governments are now considering the significance sought by deploying extremely high-frequency technologies by investing in them.
Technically, in comparison to lower bands, radio waves in this band have high atmospheric attenuation and are absorbed by gases in the outer surroundings. Hence, they possess a shorter range and can be particularly used to communicate in terrestrial environments for about a kilometer. Scientific research, telecommunications, weapon, security screening, thickness gauging, police speed radar are some applications that implement extremely high-frequency technology.
From the commercial point of view, the band is specifically developed for military operations. It is unavailable for use in enterprise applications, point-to-point wireless local area networks, and broadband internet access. Such factors may hinder the commercial growth of the market but strengthen the defense sector due to the high complexities involved. Therefore, the market for extremely high-frequency technology is anticipated to grow at a substantial rate CAGR for the forecast period.
The key driving factors responsible for the growth of the extremely high-frequency technology market include the growing need for efficient data transmission across local, national, and international levels. Additionally, characteristics such as uninterrupted data transmission, minimal loss of data while the transmission is adding to the growth of the market. Moreover, the technology that can be used for high-level encryption of data by defense agencies of nations is contributing to the market growth. However, the unavailability of the technology in the commercial segment and enterprise applications for secure data communication is likely to impede the market growth during the forecast period.
Based on type, the global extremely high-frequency technology market is segmented into ISR, Navigation, and SATCOM. Based on products, the global extremely high-frequency technology market is segmented into hardware, software, and middleware. Based on application, the global extremely high-frequency technology market is segmented into aerospace, defense, and telecommunications.
Based on geographic segmentation, the global extremely high-frequency technology market spans North America, Latin America, Europe, Middle East, Asia-Pacific, and Africa. Europe and APAC dominate the global market in terms of technology. North America dominates the market in terms of revenue. The key players in the global extremely high-frequency technology market include Boeing, Lockheed Martin, Northrop Grumman, and Raytheon.
Research Support Specialist, USA
FREE sample contains market data points, ranging from trend analyses to market estimates & forecasts. See for yourself...