5G in Defense Market by Growth, Emerging Trends and Forecast by 2021-2030

The global 5G in defense market was pegged at $551 million in 2020 and is estimated to hit $76.01 billion by 2030, registering a CAGR of 67.7% from 2021 to 2030.

Surge in autonomous defense vehicles, robots, and drones, supportive government initiatives toward the 5G development, and increase in demand for surveillance activities drive the growth of the global 5G in defense market.

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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 a lucrative growth during the forecast timeframe. By network type, the enhanced mobile broadband (eMBB) segment dominated the 5G in defense market in 2020, in terms of revenue. By chipset, the application specific integrated circuit chipset segment dominated the 5G in defense market in 2020, in terms of revenue. By platform, the airborne segment is anticipated to witness a lucrative growth during the forecast period. At present, Asia-Pacific is the highest revenue contributor, followed by North America.

For the defense and security purposes, 5G networks will upgrade Intelligence, Surveillance and Reconnaissance (ISR) systems and signal processing, modernize logistics operations, and allow enhanced command-and-control applications. In addition, 5G could offer broad access to augmented and virtual reality, dynamic spectrum use, distributed command and control, and 5G smart warehousing to the military forces. The speed offered by 5G is 10 gigabits per seconds, which is 100 times faster than 4G technology and has a low latency. The low delay is attained with the help of edge computing where processing and generation of data is performed as near as possible to the end points, comprising effectors and sensors, where these can locally transmit and receive data with each other with virtually nil waiting period.

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Increase in the number of autonomous defense vehicles, drones, and robots, rise in support of government toward the development of 5G, and surge in demand for surveillance activities fuel the global 5G in defense market. However, cyber security threats to 5G network and high infrastructure costs for the deployments of 5G impede the growth to some extent. On the other hand, technological advancements in 5G network and upgradation of military bases present new opportunities in the coming years.

The global 5G in defense market is analyzed across communication infrastructure, core network technology, network type, chipset, platform, and region.

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On the basis of region, Asia-Pacific held the major share in 2020, generating nearly two-fifths of the global market. The segment is also projected to exhibit the fastest CAGR of 72.2% from 2021 to 2030.The other regions analyzed through the report include North America, Europe, and LAMEA.

The leading market players analyzed in the global 5G in defense market report include Huawei Investment & Holding Co., Ltd, Wind River Systems, Inc., Nokia Corporation, Samsung Electronics Co., Ltd, NEC Corporation, Ligado Networks, Thales Group, L3Harris Technologies, Inc., Telefonaktiebolaget LM Ericsson, and Raytheon Technologies Corporation. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.

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