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5G In Defense Market Expected To Reach Tremendous Growth By 2031 || Top Key Players Are Ericsson, Huawei, Nokia Networks, Samsung, NEC
5G In Defense Market
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The global 5G in defence market report by the business research company identifies the increasing use of autonomous systems and connected devices to be a major growth driver for the 5G in defence market. According to the Artificial Intelligence and National Security published by the Federation of American Scientists (FAS) in November 2020, the US Army intended to deploy a variety of robotic combat vehicles (RCVs) with various autonomous capabilities, such as navigation, surveillance, and IED removal. These devices would accompany the optionally manned fighting vehicle. The Navy has also established the rapid autonomy integration lab (RAIL) to design, evaluate, certify, and deploy new and upgraded autonomous systems.
The global 5G in defence market is expected to grow from $71.24 million in 2021 to $130.36 billion in 2022 at a compound annual growth rate (CAGR) of 79.82%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The 5G in defence market is expected to reach $1,102.84 million in 2026 at a CAGR of 73.57%.
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North America was the largest region in the 5G in defence market in 2020. Asia Pacific region is predicted to record the fastest growth over the forecast period. The regions covered in the 5G in defence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the 5G in defence market are Ericsson, Huawei, Nokia Networks, Samsung, NEC, Thales Group, L3Harris Technologies Inc., Raytheon Technologies.
The global 5G in defence market is segmented -
1) By Communication Infrastructure: Small cell, Macro Cell, Radio Access Network (RAN)
2) By Core Network Technology: Software-defined Networking (SDN), Fog Computing (FC), Mobile Edge Computing (MEC), Network Functions Virtualization (NFV)
3) By Network Type: Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low-Latency Communications (URLLC), Massive Machine Type Communications (MMTC)
4) By End Use: Military, Homeland Security
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The 5G In Defence Market Report Contents Include
1. Executive Summary
2. 5G In Defense Market Characteristics
3. 5G In Defense Market Trends And Strategies
4. 5G In Defense Market - Macro Economic Scenario
5. 5G In Defense Market Size and Growth
...........
27. 5G In Defense Market Competitive Landscape and Company Profiles
28. Key Mergers and Acquisitions in The 5G In Defense Market
29. 5G In Defense Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the 5G in defence market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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