Press release
5G In Defense Market Research: Trends, Growth, Key Drivers 2024-2033
5G In Defense Market
The Business Research Company offers in-depth market insights through 5G In Defense Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The 5G in defense market size has grown exponentially in recent years. It will grow from $0.22 billion in 2023 to $0.37 billion in 2024 at a compound annual growth rate (CAGR) of 69.1%. The growth in the historic period can be attributed to demand for enhanced connectivity, advanced command and control systems, increased emphasis on network security.
The 5G in defense market size is expected to see exponential growth in the next few years. It will grow to $3.05 billion in 2028 at a compound annual growth rate (CAGR) of 69.6%. The growth in the forecast period can be attributed to deployment of unmanned systems, enhanced battlefield surveillance, secure communication for military personnel, interoperability with legacy systems. Major trends in the forecast period include enhanced situational awareness through augmented reality, cybersecurity measures for 5G networks, collaboration with private 5G network providers, 5G-enabled training and simulation.
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Market Segmentation:
The 5G in defense market covered in this report 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
Major Driver - Rising Autonomous Systems And Connected Devices Fuels 5G In Defense Market
The increasing use of autonomous systems and connected devices is expected to propel the growth of 5G in the defense market during the forecast period. Autonomous systems and connected devices encompass self-operating technologies and interconnected hardware capable of communication and data exchange. Autonomous systems and connected devices enhance defense capabilities through rapid data transmission, real-time decision-making, and synchronized operations enabled by the high-speed, low-latency features of 5G networks. For instance, in September 2022, according to a report published by Ericsson, a Sweden-based telecommunications company, the global IoT connections reached 13.2 billion connections in 2022 and are expected to increase by 18% to 34.7 billion connections by 2028. Therefore, the increasing use of autonomous systems and connected devices will propel the 5G in the defense market.
Competitive Landscape:
Major companies operating in the 5G in defense market report are Samsung Electronics Co. Ltd., AT&T Inc., Huawei Technologies Co. Ltd., Raytheon Technologies Corporation, Lockheed Martin Corporation, Qualcomm Technologies Inc., General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., Telefonaktiebolaget LM Ericsson, BAE Systems plc, Nokia Corporation, NEC Corporation, Thales Group Inc., Leonardo S.p.A., L3Harris Technologies Inc., Booz Allen Hamilton Holding Corporation, CACI International Inc., Elbit Systems Ltd., Saab AB, Rohde & Schwarz GmbH & Co. KG, Curtiss-Wright Corporation, QinetiQ Group plc, LIG Nex1 Co. Ltd., Ultra Electronics Holdings plc, Kratos Defense & Security Solutions Inc., Comtech Telecommunications Corp., Wind River Systems Inc., Gilat Satellite Networks Ltd., Ligado Networks LLC
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Top Trend - Key Player Innovation Transforming Defense And Response Capabilities In 5G Defense Market
Major companies operating in the 5G defense market are focusing on product innovation, such as real-time mobile data access, to meet evolving industry demands. Real-time mobile data access enables instantaneous retrieval and interaction with data on mobile devices. For instance, in October 2023, Getac Technology Corporation, a Taiwan-based technology company, launched 5G rugged devices tailored for defense, first responders, and resource industries in Australia and New Zealand. Among these devices are the V110 fully rugged laptop, the S410 semi-rugged laptop, the F110 fully rugged tablet, and the UX10 fully rugged tablet, all equipped with rapid 5G connectivity and built to withstand challenging field environments. The equipment is engineered to enable instant mobile data retrieval and acquisition, digital evidence collection, management of assets and components, examination of technical diagrams and infrastructure maps, as well as reporting. It facilitates connectivity and data accessibility for remote workers, conducts site surveys, offers precise GPS and mapping capabilities, records initial on-site events, supports mobile command functions, and ensures real-time situational awareness.
The Table Of Content For The Market Report 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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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