5G in the defense market to exceed USD 70,767. 5 million by 2031 from USD 501.2 million in 2021 at a CAGR of 64.1% in future years i.e. 2021-2031. . Product presentation
New York, July 6. 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “5G in Defense Market: Segmented: By Communication Infrastructure, By Core Network Technology, By Network Type, By Platform And Region – Global Analysis of Size, Share and market trends for 2019-2021 and forecast to 2031” – https://www.reportlinker.com/p06288792/?utm_source=GNW
Instant situational awareness anywhere on Earth, smart hypersonic weapons with on-the-fly retargeting, rich access to critical data at the forefront of the battlefield, and unmanned drones that can fly safely alongside Passenger planes in commercial airspace are all opportunities for 5G. 5G promises ubiquitous high-speed data connectivity, which will significantly improve intelligence, reconnaissance (ISR), surveillance, as well as faster and more secure command and control, more efficient logistics, a swarming of unmanned vehicles and a widespread use of augmented and virtual reality for simulation, mission rehearsal and training.
Global 5G in the defense market is expected to register a remarkable CAGR of 64.1% by the end of 2031.
Rising spending by countries on 5G technologies is expected to drive the global 5Gin defense market forward throughout the forecast period. Increased need for IoT, greater reliance on big data for decision-making, and growing demand for automation in defense and military applications, among many other factors, are expected to drive the global sales of the indicated market.
Global 5G Defense Market: Segments
Small Cell Segment is Expected to Maintain a Higher CAGR During the Forecast Period 2021-31
The expansion of the small cell segment can be attributed to the large-scale deployment of tiny cells by 5G network operators. The data communication speed is expected to increase significantly as the 5G network is further deployed. Small cells are expected to play a key role in the 5G communication infrastructure market as they can contribute to the deployment of 5G.
Mobile Edge Computing (MEC) Segment Expected to Record Peak CAGR in 2021-31
With the increased use of MEC-enabled 5G wireless systems that will provide access to low-latency, high-bandwidth networks, the Mobile Edge Computing section of the Core Network Technology category is expected to grow at a faster rate. Additionally, MEC technology enables data collection and processing at the network edge, simplifying real-time analysis, minimizing unnecessary data storage, and improving network security.
Increase adoption of connected and autonomous devices
Up to one million devices can be supported by 5G technology in an area of approximately one square kilometer. This means that a 5G network can connect various devices, such as sensors, to each other. All autonomous robots or platforms rely on a network to send and receive data. This data is evaluated and then sent to systems on the network, which are then used by automated systems to take action. Such systems will work more efficiently with a network that has higher speed and lower latency.
5G technological advances are another major driver
The demand for fast and reliable transmission networks has increased as technology evolves around the world to enable connectivity of advanced devices including robots, sensors, drones and autonomous vehicles used by defense agencies. The 5G network provides real-time connectivity, machine-to-machine interaction, high network speed and other capabilities that facilitate the interconnection of smart devices used by homeland security and intelligence organizations in intelligence activities and monitoring.
Lack of in-depth knowledge of technology is hindering market growth
5G infrastructure for defense is still in its early stages of development, companies working on it face challenges such as access to information, experimentation with military platforms and accessibility of regulations for development and testing, among others. Few of the limiting issues include a shortage of skilled labor and the early adoption stage of 5G technology by the military with little in-depth knowledge of the technology.
Global 5G in Defense Market: Key Players
Telefonaktiebolaget LM Ericsson
Company overview, business strategy, key product offerings, financial performance, key performance indicators, risk analysis, recent development, regional presence, SWOT analysis
Huawei Investment & Holding Co.,Ltd
Samsung Electronics Co.,Ltd
L3Harris Technologies, Inc.
Raytheon Technologies Corporation
Wind River Systems, Inc.
Global 5G Defense Market: Regions
Due to increasing investments in 5G technology by the US Department of Defense, North America is expected to lead the market over the forecast period. The United States is expected to be the world’s leading developer and operator of 5G technology, with a substantial share of the global market going to the North American region. In the field of defence, 5G technology improves the processing and functionality of ISR (intelligence, surveillance and reconnaissance) systems, enables new command and control systems, improves augmented and virtual reality applications, modernizes the processes of maintenance and improves the efficiency of logistics supply using technologies such as blockchain.
Impact of COVID-19 on 5G in the Defense Market
The COVID-19 outbreak has wreaked havoc on economies around the world, particularly in the defense sector, where high-investment technologies like 5G are being deployed. Due to the current economic climate and disruptions to the supply chain of critical components, the development and testing of 5G technologies for the defense sector has been put on hold. Due to a delay in spectrum auctions, a lag in regulatory timelines, limited manpower for network deployment, lower capital and operational expenditures and from a decline in technological breakthroughs, the pandemic has had a moderate impact on communication system vendors and operators.
The global 5G in defense market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Latin America
European Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – UK, France, Germany, Russia & Rest of Europe
Asia-Pacific Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – India, China, South Korea, Japan & Rest of APAC
Middle East & Africa Market Size, Share, Trends, Opportunities, YoY Growth, CAGR – South Africa & Rest of Middle East & Africa
The Global 5G in Defense Market Report also contains analysis on:
5G in defense market segments
By communication infrastructure
Radio Access Network (RAN)
By Core Network Technology
Software Defined Network (SDN)
Fog Computing (FC)
Mobile Computing at the Edge (MEC)
Network Functions Virtualization (NFV)
By type of network
Enhanced Mobile Broadband (eMBB)
Ultra-Reliable Low Latency Communications (URLLC)
Massive Machine Type Communications (MMTC)
Application-specific integrated circuit (ASIC) chipset
Radio Frequency Integrated Circuit (RFIC) Chipset
Millimeter Wave Chipset (mmWave)
5G in Defense Market Dynamics
5G in defense market size
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
Scope and segmentation of the 5G in Defense market report
Report attribute details
The value of the market size in 2021 USD 501.2 million
Revenue projections in 2031 70,767.5 million USD
Rate of growth
CAGR of 64.1% from 2020 to 2031
The base year for the 2020 estimate
Quantitative Units Revenue in Million USD and CAGR from 2020 to 2031
Revenue Forecasts, Business Rankings, Competitive Landscape, Growth Drivers and Trends Segments Segments Segments Segments Segments Segments Segments Segments
Communication infrastructure, core network technology, network type, chipset, platform and region
Regional scope North America, Latin America, Europe, Asia-Pacific, Middle East and Africa (MEA)
Key Companies Featured Telefonaktiebolaget LM Ericsson, Huawei Investment & Holding Co., Ltd, Nokia Corporation, Samsung Electronics Co., Ltd, NEC Corporation, Thales Group, L3Harris Technologies, Inc., Raytheon Technologies Corporation, Ligado Networks, and Wind River Systems, Inc. .
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