5G In Defense Market Size, Share, Regional Trend, Future Growth, Leading Players Updates, Industry Demand, Current and Future Plans by Forecast 2021 to 2028
According to the most recent analysis by Emergen Research, the market for 5G in defense reached USD 9.31 billion in 2020 and is projected to grow at a rate of 68.4% during the forecast period. Increasing Internet of Things (IoT) adoption in the military is anticipated to promote market revenue growth between 2021 and 2028.
The fifth generation of mobile networks, or 5G, has the power to link nearly everyone and everything connected, including things, machines, and gadgets. Globally, the use of 5G technology is progressively expanding. In comparison to 4th generation or 4G technology, 5G will significantly speed up data transfer and boost bandwidth, facilitating new military and commercial uses. It is possible to improve intelligence, surveillance, and reconnaissance (ISR) systems and processing, modernize logistics operations for greater efficiency, and create new techniques for command and control (C2). These are just a few of the potential benefits of using impressively fast 5G networks for defense and security.
Companies that manufacture military hardware and technology will use 5G hardware and software for both current and future systems, taking advantage of beneficial features like quick response times and wide bandwidths that will soon enable incredibly quick transmission and reception of images demonstrating real-time battlefield scenarios.
Some Key Highlights from the Report
Due to the significantly reduced cost compared to macrocells and transmission of higher frequency waves, the revenue for the small cell segment is anticipated to increase at a significantly quick CAGR during the projection period.
Due to low latency and high speed, which would enable improved connectivity and quicker decision-making, the Ultra-reliable Low-latency Communications (URLLC) segment is anticipated to exhibit a very robust revenue growth rate throughout the projection period.
Due to the significant presence of domestic and international 5G network providers in the region, including Raytheon Technologies, Qualcomm Technologies, AeroMobile Communications Ltd., NVIDIA Corporation, and Cisco Systems, Inc., among others, North America is anticipated to experience a higher revenue growth rate in the 5G in defence market over the forecast period than other regional markets.
Raytheon Technologies Corporation, L3harris Technologies, Inc., Telefonaktiebolaget LM Ericsson, Thales Group, NEC Corporation, Qualcomm Technologies, Huawei Technologies Co. Ltd, Cisco Systems, Inc., AeroMobile Communications Ltd., and NVIDIA Corporation are a few of the well-known companies mentioned in the global market report.
Emergen Research has segmented the global 5G in defense market on the basis of communication infrastructure, core network technology, chipset size, services, platform, and region:
Communication Infrastructure Outlook (Revenue, USD Billion; 2018–2028)
- Small Cell
Core Network Technology Outlook (Revenue, USD Billion; 2018–2028)
- Software-defined Networking (SDN)
- Multi-user Edge Computing (MEC)
- Network Functions Virtualization (NFV)
- Fog Computing
Chipset Size Outlook (Revenue, USD Billion; 2018–2028)
- Application-specific Integrated Circuit (ASIC) chipset
- Radio Frequency Integrated Circuit (RFIC) chipset
- Millimeter Wave (MMwave) chipset
Services Outlook (Revenue, USD Billion; 2018–2028)
- Enhanced Mobile Broadband (eMBB)
- Ultra-reliable Low-latency Communications (URLLC)
- Massive Machine Type Communications (MMTC)
Platform Outlook (Revenue, USD Billion; 2018–2028)
Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/5g-in-defense-market
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