Global 5G in defense market is expected to grow at a significant rate during the forecast period. The rise in the adoption of connected and autonomous devices due to high internet penetration is the primary driver for the forecast period. These independent devices work on the network through which data is transferred, converted into valuable data, and used by the autonomous system to act. The high network speed of 5G technology aids in providing seamless connectivity between devices.
5G technology can support the connection of a large number of sensors which can be connected using a 5G network. Armored vehicles and unmanned ground vehicles require a fast network connection to transfer the data rapidly to perform quick actions; thereby, using 5G technology in defense systems improves the functioning of autonomous and connected devices. Military equipment and technology can benefit immensely with the use of 5G technology owing to quick response time and fast transmission and reception of images and videos, aiding to achieve real-time battlefield results.
Global 5G in defense market is segmented into communication infrastructure, core network technology, network type, chipset, platform, operational frequency, end-use, regional distribution, and company. Based on regional analysis, North America is expected to dominate the market for the forecast period, 2023-2027.
The surge in investments by the leading authorities and major market players in the region are contributing factors expected to strengthen the market. The need for low latency communication technology is on the rise due to the increase in connected devices in the defense sector. Also, the allocation of the wide frequency band to the United States military is expected to create lucrative opportunities for the market's growth.
The major players operating in the global 5G in defense market are Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., NOKIA Networks, Thales Group, L3Harris Technologies Inc., Raytheon Technologies Corporation, Qualcomm Technologies Inc., Analog Devices, Inc., Intel Corporation, Cisco Systems, Inc., among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze the historical growth of the market size of global 5G in defense market from 2017 to 2020.
- To estimate and forecast the market size of global 5G in defense market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global 5G in defense market based on communication infrastructure, core network technology, network type, chipset, platform, operational frequency, end use, regional distribution, and company.
- To identify dominant region or segment in the global 5G in defense.
- To identify drivers and challenges for global 5G in defense market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global 5G in defense market.
- To identify and analyze the profile of leading players operating in global 5G in defense market.
- To identify key sustainable strategies adopted by market players in global 5G in defense market.
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Market Insights Research performed both primary as well as exhaustive secondary research for this study. Initially, Market Insights Research sourced a list of service providers across the globe. Subsequently, Market Insights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market Insights Research could include the service providers who could not be identified due to the limitations of secondary research. Market Insights Research analyzed the service providers, distribution channels and presence of all major players across the globe.
Market Insights Research calculated the market size of
Key Target Audience
- 5G in defense provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to 5G in defense market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | - Communication Infrastructure
- Core Network Technology
- Network Type
- Chipset
- Platform
- Operational Frequency
- End User
|
| Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
| Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Brazil, Argentina, Colombia |
| Key companies profiled | Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., NOKIA Networks, Thales Group, L3Harris Technologies Inc., Raytheon Technologies Corporation, Qualcomm Technologies Inc., Analog Devices, Inc., Intel Corporation, Cisco Systems, Inc. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
