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 industry 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.
Defense 5G involves integrating fifth-generation wireless technology into military operations and uses. This encompasses both tactical 5G, which offers real-time connectivity to soldiers for rapid sharing of data, video, and intelligence, and strategic 5G, implemented at military bases, headquarters, and critical installations to support long-range planning, coordination, and logistics. This implementation allows for the creation of multiple virtual networks on a single physical infrastructure, enabling distinct military units to have dedicated, secure network slices for their specific operations. It offers high-speed, low-latency communication and networking capabilities, enhancing operational efficiency and effectiveness in military endeavors, whether on the battlefield or elsewhere. This technology supports real-time data transmission, facilitating prompt decision-making for commanders, especially in life-or-death situations where swift choices are imperative. Furthermore, it aids in employing drones and other remote-sensing devices for reconnaissance, surveillance, and intelligence gathering. Additionally, it assists in the tracking and efficient management of military assets and supplies, optimizing logistics and minimizing downtime. Security-wise, it plays a crucial role in safeguarding sensitive military data and communication networks from cyber threats. Its contribution to providing a clearer understanding of the battlefield helps mitigate risks to both personnel and equipment. Notably, innovations stemming from defense 5G often have applications beyond the military, promoting technological advancement in civilian domains.
Global 5G In Defense Market Trends and Drivers:
Currently, the market is experiencing significant growth due to several key factors. The defense sector's escalating demand for high-speed, low-latency communication networks is a primary driver, given the increasing complexity of defense operations. Moreover, the proliferation of connected devices like drones, autonomous vehicles, and sensor networks that require swift connectivity to operate efficiently is contributing to this growth. The widespread availability of 5G networks is further enhancing connectivity among devices and systems on the battlefield, significantly improving situational awareness, decision-making processes, and overall operational efficiency, which bodes well for the market. Additionally, the mounting threat of cyberattacks and the critical need to safeguard military infrastructure are also fueling market expansion. Governments worldwide are making substantial investments in the development and deployment of 5G infrastructure to meet national security requirements, amplifying market growth. Collaboration between defense contractors, technology firms, and telecom providers is on the rise, further propelling the market's growth. Furthermore, the evolution of military strategies and doctrines, coupled with a growing demand for enhanced agility, mobility, and flexibility in modern warfare, is providing a significant boost to 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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