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5G In Defense Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities

11-07-2023 07:50 AM CET | IT, New Media & Software

Press release from: The Business research company

5G In Defense

5G In Defense

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's 5G In Defense Global Market Report 2023 identifies autonomous systems and connected devices as the major driver for the 5G In Defense market's growth in the forecast period. 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 global 5G in defense market size will grow from $0.13 billion in 2022 to $0.24 billion in 2023 at a compound annual growth rate (CAGR) of 86.5%. 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, causing inflation across goods and services and affecting many markets across the globe. The market size of the 5G in defense is expected to grow to $1.9 billion in 2027 at a CAGR of 67.1%.

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Major competitors in the 5G In Defense market are Ericsson, Huawei, Nokia Networks, Samsung, NEC, Thales Group.

A key trend in the 5G In Defense market includes developing new technologies. Companies are focusing on developing technologies like 5G new radio (NR) and cellular vehicle-to-everything (C-V2X) technology, which has a high demand for the 5G in the defence market. For instance, in February 2021, Leonardo, an Italy-based company specialising in aerospace, defence, and security and O2, a UK-based telecommunications service provider, announced a joint partnership to investigate the use of 5G private networks in the defence and security market.

Read More On The Global 5G In Defense Market Report Here:
https://www.thebusinessresearchcompany.com/report/5g-in-defense-global-market-report

The 5G In Defense market is segmented -

• By Communication Infrastructure: Small cell, Macro Cell, Radio Access Network (RAN)
• By Core Network Technology: Software-defined Networking (SDN), Fog Computing (FC), Mobile Edge Computing (MEC), Network Functions Virtualization (NFV)
• By Network Type: Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low-Latency Communications (URLLC), Massive Machine Type Communications (MMTC)
• By End Use: Military, Homeland Security
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North Americawas the largest region in the 5G In Defense market.

The Business Research Company's "Global 5G In Defense Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The 5G In Defense Market 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
……
26. Africa 5G In Defense Market
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

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