5G in defense Market to Garner $76.01 Billion by 2030, States the Report by Allied Market Research

A lead analyst at AMR highlighted the market across the Asia-Pacific region is expected to exhibit the fastest growth rate throughout the forecast period.

Allied Market Research published a research report on the 5G in the defense market. The findings of the report exhibit that the global market for the 5G defense market was pegged at $551 million in 2020, and is expected to hit $76.01 billion by 2030, portraying a CAGR of 67.7% from 2021 to 2030. The report provides valuable data on changing market dynamics, key segments, top investment pockets, and competitive scenarios for market players, new entrants, investors, and shareholders.

“By communication infrastructure, the small cell segment dominated the global 5G in defense market in 2020, in terms of revenue, and is expected to lead the market during the forecast period. By core network technology, the fog computing segment is anticipated to show lucrative growth during the forecast timeframe. By network type, the enhanced mobile broadband (eMBB) segment dominated the 5G in the defense market in 2020, in terms of revenue. By chipset, the application-specific integrated circuit chipset segment dominated the 5G in the defense market in 2020, in terms of revenue. By platform, the airborne segment is anticipated to witness lucrative growth during the forecast period. At present, Asia-Pacific is the highest revenue contributor, followed by North America.” Said Mayank Halmare. The Lead Analyst, Aerospace and Defense at Allied Market Research.

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The report offers in-depth information based on the key determinants of the market to help market players in devising growth strategies and investments on opportunities. The growth in autonomous defense vehicles, drones, and robots, rise in demand for surveillance activities, and government support and initiatives for 5G developments drive the growth of the global 5G in the defense market. Whereas, the cybersecurity threats associated with 5G networks and high costs of 5G infrastructure deployment limit the growth to a certain extent. Moreover, the technological advancements in the 5G network and the progress of military bases present an array of opportunities for the market players.

The report provides a detailed scenario based on the impact of the Covid-19 pandemic on the 5G in the defense market globally. It helps the market players, new entrants, and investors to determine strategies according to the current scenario and improvise the business structure for the approaching time. The covid-19 outbreak affected the market, as the development and testing processes associated with 5G in defense were put on a hold. In addition, pandemic moderately affected the communication systems provider and operators with delays in spectrum auctions, lag in regulatory timelines, lack of workforce, lowered capital expenditure, and various other factors. At the same time, various regions entered the recovery zone, and the push to promote vaccination programs all across the world has further supported the countries and markets. All these factors are expected to build positive impacts on the growth of the market.

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The report offers detailed segmentation of the global 5G defense system market on the basis of communication infrastructure, core network technology, network type, chipset, platform, and region. These insights are useful for the new entrants and existing market players to capitalize on the fastest growing and highest revenue-generating segment to accomplish growth in the coming years.

Based on communication infrastructure, the market is segmented on the basis of small cell, macro cell, and radio access network (RAN). The small cell segment dominated with the highest revenue in 2020. The segment is expected to lead the trail by 2030. However, the radio access network (RAN) segment is expected to manifest a significant growth rate during the forecast period.
Based on core network technology, the fog computing segment is expected to showcase significant growth by 2030. Where, on the other hand, based on network type, the massive machine-type communications segment is anticipated to lead the trail throughout 2030.

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Based on region, the market is studied across Asia-Pacific, Europe, North America, and LAMEA. The market Asia-Pacific is expected to manifest the fastest growth rate throughout the forecast period.
The frontrunner profiled in the report includes Telefonaktiebolaget LM Ericsson, Huawei Investment & Holding Co., Ltd, Nokia Corporation, Samsung Electronics Co., Ltd, NEC Corporation, Thales Group, L3Harris Technologies, Inc., Raytheon Technologies Corporation, Ligado Networks, and Wind River Systems, Inc.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.