The global 5g in defense market is anticipated to grow at a considerable CAGR of 28.7% during the forecast period. The major factor driving the growth of the global 5G In Defense market during the forecast period is the increasing investment and adoption of 5G in defense industry globally. For instance, in January 2021, the US announced the launch of a technology pilot program for the 5G Living Lab at Marine Corps Air Station (MCAS) Miramar situated in San Diego.
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Furthermore, owing to the technological advancements in the 5G network and funding from the governments are other factors contributing to the growth of the 5G in the defense market. 5G network offers several benefits such as super-speed, increased bandwidth, and global coverage. According to the International Journal of Engineering Science and Computing (IJESC), by use of 5G network technology latency will be 1 millisecond, improving the feasibility to connect 10 to 100 numbers of devices, better battery life, and creating Wi-Fi zone across the globe. These benefits support the defense department of the country, which in turn propels the demand and deployment of 5G in the defense industry.
Additionally, the major companies serving the global 5G in defense market include Ericsson, Huawei Technologies Co., Ltd., L3Harris Technologies, Inc., Samsung Electronics Co., Ltd., and Thales Group, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, geographical expansion, and collaborations to stay competitive in the market. For instance, in July 2021, GBL Systems Corp. (GBL) and Samsung Electronics America, Inc. announced the deployment of new 5G testbeds for Augmented Reality/Virtual Reality at US Army bases as a part of a larger DoD project that was announced in October 2020 which granted $600 million in contracts for 5G testing at several US military test locations.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Communication Infrastructure
o By Core Network Technology
o By Platform
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including Ericsson, Huawei Technologies Co., Ltd., L3Harris Technologies, Inc., Samsung Electronics Co., Ltd., Thales Group, and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global 5G in Defense market Report Segment
By Communication Infrastructure
- Small cell
- Macro Cell
By Core Network Technology
- Software-Defined Networking (SDN)
- Fog Computing (FC)
- Mobile Edge Computing (MEC)
- Network Functions Virtualization (NFV)
By Platform
- Land
- Naval
- Airborne
By End-User
- Military
- Homeland Security
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