According to the latest report by IMARC Group, “Global 5G in Defense Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global 5G in defense market reached a value of US$ 765.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8,952.30 Million by 2027 exhibiting a CAGR of 48.50% during 2022-2027.
Fifth generation (5G) is a mobile network technology that allows wireless communication and facilitates the connection of machines, devices, objects, and people. It comprises several networks, including massive machine type communication (MMTC), enhanced mobile broadband (eMBB), and ultra-reliable low-latency communications (URLLC). It is employed in the defense sector to achieve real-time battlefield results by quick response time and faster transmission of enemy infantry images and videos with real-time operation information in dangerous, inconvenient, and remote areas. In addition, it offers enhanced network capacity, consistent user experience, ultra-low latency, high-speed data, and increased reliability. Owing to these benefits, 5G finds extensive applications across homeland security and military platforms such as naval, land, and navy across the globe.
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Market Trends:
The market is primarily driven by the rising demand for 5g defense due to the increasing number of cross-border and territorial conflicts. In addition, the widespread adoption of autonomous defense vehicles and robots and the extensive use of 5G to process intelligence, surveillance, and reconnaissance (ISR) is contributing to the market growth. Moreover, numerous technological advancements, such as the incorporation of the Internet of Things (IoT), that allow communication between various sensors and connected devices and facilitate high-speed data connectivity, represent another major growth-inducing factor.
Apart from this, the widespread product adoption in augmented reality (AR) for efficient maintenance of equipment, gadgets, and vehicles to train military personnel is propelling the market growth. Furthermore, the implementation of various government initiatives to support 5G technology and investment in research and development (R&D) activities by the leading market players are also creating a favorable market outlook.
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List of Key Companies Covered in this Market Report:
- Cisco Systems Inc.
- Raytheon Technologies Corporation
- Samsung Electronics Co. Ltd
- Sierra Wireless Inc
- Telefonaktiebolaget LM Ericsson
- L3harris Technologies Inc.
- Ligado Networks
- Nokia Corporation
- Nvidia Corporation
- Qualcomm Incorporated
- Thales Group
- Wind River Systems Inc. (Intel Corporation).
The report has segmented the market on the basis of communication infrastructure, core network technology, network type, chipset, platform and region.
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
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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