The latest research study by IMARC Group, “5G in Defense Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global 5G in defense market. 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.
5G in Defense Industry Outlook:
5G, or the fifth-generation wireless, refers to the latest advancement in cellular technology, designed to improve the responsiveness and speed of wireless networks exponentially. It consists of numerous networks, including enhanced mobile broadband (eMBB), massive machine type communication (MMTC), and ultra-reliable low-latency communications (URLLC). It is widely employed in the defense sector to enable the quick transfer of videos and images to generate real-time battlefield results. As a result, 5G in defense is gaining immense traction across the globe as it provides high-speed data, ultra-low latency, a consistent user experience, and enhanced reliability.
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The global 5G in defense market is primarily driven by the rising adoption of autonomous defense vehicles and robots in the defense sector. Moreover, continual technological advancements, such as the integration of the Internet of Things (IoT), which enables high-speed data connectivity and communication between numerous connected devices and sensors, are positively influencing the market growth.
Additionally, the increasing incidences of cross-border disturbances and territorial conflicts and the rising use of 5G in radars to detect and track numerous targets have catalyzed market growth. Besides this, the surging adoption of 5G in augmented reality (AR) for effective maintenance of vehicles, gadgets, and equipment to train military personnel is contributing to the market growth. Other factors, including the rapid upgradation of defense infrastructure, favorable government policies, and rising risks of cyberattacks, are also anticipated to drive the market further.
|5G in Defense Market Report Scope|
|Market size value in 2021||US$ 765.2 Million|
|Market forecast in 2027||US$ 8,952.30 Million|
|Growth Rate||CAGR of 48.50% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has been segmented the market into following categories:
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:
Breakup by Geography:
- 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
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List of Key Companies Covered in this Market Report:
The major players in the market 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).
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About IMARC Group:
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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