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 share, size, trends, 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 implementation of fifth-generation wireless technology in military operations and applications. It comprises tactical 5G, which provides soldiers with real-time connectivity, enabling them to share data, video, and intelligence quickly. It also consists of strategic 5G, which is implemented at military bases, headquarters, and key installations and supports long-range planning, coordination, and logistics. It allows the creation of multiple virtual networks on a single physical infrastructure, which enables different military units to have dedicated, secure network slices for their operations. It provides ultra-fast, low-latency communication and networking capabilities to uplift the operational efficiency and effectiveness of military operations, both on and off the battlefield. It enables real-time data transmission, allowing commanders to make informed decisions swiftly. It is crucial in scenarios where split-second decisions can be a matter of life or death. It facilitates the use of drones and other remote-sensing devices for reconnaissance, surveillance, and intelligence gathering. It aids in tracking and managing military assets and supplies, optimizing logistics, and reducing downtime. It also helps to protect sensitive military data and communication networks from cyber threats. It enables a clearer understanding of the battlefield, minimizing risks to personnel and equipment. It often leads to innovations that can have civilian applications, fostering technological growth.
Global 5G In Defense Market Trends and Drivers:
At present, the increasing demand for ultra-fast, low-latency communication networks within the defense sector due to the rising complexity of defense operations represents one of the crucial factors impelling the growth of the market. Besides this, the increasing proliferation of connected devices, such as drones, autonomous vehicles, and sensor networks, which require high-speed connectivity to function effectively, is contributing to the growth of the market. In addition, the growing availability of 5G networks enabling seamless connection and communication between various devices and systems on the battlefield and enhancing situational awareness, decision-making, and overall operational efficiency is offering a favorable market outlook. Apart from this, the increasing threat of cyberattacks and the need to protect critical military infrastructure is supporting the growth of the market. Additionally, the rising investments by governing agencies of various countries in the development and deployment of 5G infrastructure to meet their national security requirements are strengthening the growth of the market. Moreover, the increasing collaboration among defense contractors, technology firms, and telecom providers are propelling the growth of the market. Furthermore, the rising evolution of military strategies and doctrines, along with increasing demand for greater agility, mobility, and flexibility in modern warfare, is bolstering the growth of the market.
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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