Global 5G In Defense Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “5G in defense Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global 5G in defense market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global 5G in defense market size reached US$ 1,191.5 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 12,395.3 Million by 2028, exhibiting a growth rate (CAGR) of 42.19% during 2023-2028.
5G in defense refers to the specialized application of fifth-generation wireless technology in military and security operations. It encompasses various aspects, such as secure communications, real-time data analytics, and autonomous systems. It provides benefits, including enhanced efficacy of military operations, improved situational awareness, and a robust framework for securely transmitting sensitive information. It assists defense forces around the world to achieve highly responsive and versatile operations. It can be used for remote medical consultations and surgeries, allowing military personnel to receive medical support in remote or combat zones. It is also utilized across numerous applications, such as smart military bases, predictive maintenance of military assets, and secure, high-capacity data transmission channels.
Global 5G In Defense Market Trends and Drivers:
At present, the rising demand for real-time, high-speed data transmission in modern military operations represents one of the major factors driving the adoption of 5G in defense. Additionally, the growing investments by governing agencies of various countries aiming to establish smart military bases and enhance national security frameworks are offering a favorable market outlook. Besides this, the increasing incorporation of IoT applications, which rely on high-speed connections and are used in the military for predictive maintenance and battlefield surveillance, is supporting the growth of the market. Moreover, the rising need for interconnectivity between various branches of defense and allied international forces for seamless, high-speed, and secure communication is strengthening the market growth. In addition, the growing focus on secure and encrypted communication systems for safeguarding sensitive military information is positively influencing the market. Furthermore, increasing partnerships between telecommunication companies and defense contractors to develop novel 5G solutions in defense settings is bolstering the growth of the market. Apart from this, the advent of virtual reality (VR) and augmented reality (AR) for training and simulation exercises is offering realistic, immersive environments to enhance the quality and effectiveness of military training.
Global 5G In Defense Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Cisco Systems Inc., L3harris Technologies Inc., Ligado Networks, Nokia Corporation, Nvidia Corporation, Qualcomm Incorporated, Raytheon Technologies Corporation, Samsung Electronics Co. Ltd, Sierra Wireless Inc, Telefonaktiebolaget LM Ericsson, Thales Group and Wind River Systems Inc. (Intel Corporation).
The report segmented the market on the basis of region, communication infrastructure, core network technology, network type, chipset and platform.
Breakup by Communication Infrastructure:
- Small Cell
- Macro Cell
- Radio Access Network (RAN)
Breakup by Core Network Technology:
- Software-Defined Networking (SDN)
- Fog Computing (FC)
- Mobile Edge Computing (MEC)
- Network Functions Virtualization (NFV)
Breakup by Network Type:
- Enhanced Mobile Broadband (EMBB)
- Ultra-Reliable Low-Latency Communications (URLLC)
- Massive Machine Type Communications (MMTC)
Breakup by Chipset:
- Application-Specific Integrated Circuit (ASIC) Chipset
- Radio Frequency Integrated Circuit (RFIC) Chipset
- Millimeter Wave (mmWave) Chipset
Breakup by Platform:
- Land
- Naval
- Airborne
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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