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.
In the context of defense, 5G technology represents the specialized utilization of fifth-generation wireless technology within military and security contexts. This encompasses a range of critical functions, including secure communications, real-time data analysis, and the operation of autonomous systems. The implementation of 5G technology offers several advantages, such as heightened effectiveness in military operations, improved situational awareness, and a robust framework for the secure transmission of sensitive information. It plays a pivotal role in enabling defense forces worldwide to conduct agile and adaptable operations. Additionally, it supports remote medical consultations and surgeries, facilitating the delivery of medical assistance to military personnel in remote or combat zones. Moreover, 5G technology finds applications in various areas, including the development of smart military bases, predictive maintenance of military equipment, and the establishment of secure, high-capacity data transmission channels.
Global 5G In Defense Market Trends and Drivers:
Currently, the surge in demand for instantaneous, high-velocity data transmission within contemporary military operations is a key driver for the adoption of 5G technology in the defense sector. Moreover, various governments are increasing their investments to establish smart military bases and fortify national security frameworks, contributing to a promising market outlook. Additionally, the proliferation of IoT applications, reliant on high-speed connections, for purposes such as predictive maintenance and battlefield surveillance in the military, is propelling market growth. Furthermore, there is a growing necessity for seamless, high-speed, and secure communication among different branches of defense and international allied forces, which is further fortifying market expansion. The emphasis on secure and encrypted communication systems to safeguard sensitive military information is also exerting a positive influence on the market. Furthermore, collaborations between telecommunications companies and defense contractors to pioneer novel 5G solutions in defense settings are bolstering market growth. In addition to this, the emergence of virtual reality (VR) and augmented reality (AR) for training and simulation exercises is creating realistic, immersive environments that 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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