Market Overview
The global 5G in Defense Market size is projected to reach a CAGR of 9.29% from 2021-2028.
5G or 5th generation mobile network has the capability to connect practically everyone and everything together comprising objects, devices, and machines. The deployment of 5G technology is gradually increasing across the globe. 5G will considerably increase the speed of data transfer and improve bandwidth over 4th generation or 4G technology, in turn supporting new military and commercial uses. The use of impressively fast 5G networks for the defense and security purposes could advance intelligence, surveillance, and reconnaissance (ISR) systems and processing; modernize logistics operations for improved efficiency, and develop new methods of command and control (C2); among others. Military equipment and technology companies will make use of 5G software and hardware for present and future systems, benefiting from valuable properties as quick response times and wide bandwidths that will soon make extremely fast transmission and reception of images demonstrating real-time battlefield scenarios possible.
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Factors such as Higher network speed and lower latency in 5G, and growing adoption of autonomous and connected devices, supplements growth of the global 5G in Defense Market. The factor that can hamper the growth of market is the shortage of skilled manpower, this is an issue faced by defense firms. As 5G technology in the military is still in its early stage of lifecycle, the workforce possessing in-depth knowledge of this technology is limited. Thus, the impact of this restraining factor is likely to continue during the initial years of the forecast period.
The COVID-19 outbreak led to adverse economic situations across the world and especially impacted the deployment of high investment technologies such as the 5G in defense. The development and testing of 5G technologies for the defense sector were put on hold owing to adverse economic conditions and disruption in the supply chain of key components. The pandemic moderately impacted the communication systems providers and operators owing to delay in spectrum auctions, lag in regulatory timelines, limited workforce for the network roll-out, lowered capital expenditure, operating expenditure, and decline in technological developments. However, some countries such as the U.S. and China invested significantly in the deployment of 5G technology in the defense sector. With the initiation of vaccination across the globe and the resumption in efforts regarding the launch of 5G technologies across the globe, the 5G in defense market is expected to witness an increased demand soon.
The 5G in Defense Market research report study discusses about market dynamics like drivers, opportunities, restrictions, and challenges. In addition, the report also describes new and developing patterns and their influence on current and future market dynamics. The 5G in Defense Market research report provides information about market penetration that offers thorough data on the market offered by the main market players. It also offers analysis and awareness and analysis about different factors during the projected period.
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5G in Defense Market Regional Analysis
In terms of region, the global 5G in defense market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to witness highest growth in the 5G in defense market throughout the forecast period due to the rise in investment by the US Department of Defense in 5G technology. Moreover, the growing use of connected systems through IoT, rising demand for low-latency communication technology, and the allocation of a wide frequency band to the US military has opened new opportunities for developers to develop 5G components and enhance the efficiency of the 5G system.
5G in Defense Market Competitive Landscape
• The prominent players in 5G in Defense Market are
• Telefonaktiebolaget LM Ericsson
• Huawei Investment & Holding Co., Ltd
• Nokia Corporation
• Samsung Electronics Co., Ltd
• NEC Corporation
• Thales Group
• L3Harris Technologies, Inc.
• Raytheon Technologies Corporation
• Ligado Networks
• Wind River Systems, Inc.
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5G in Defense Market Recent Developments
• In July 2020, Deutsche Telekom entered into a contract with Ericsson for 5G Radio Access Network (RAN) deployment after Ericsson delivers successful modernization of their 2G/3G/4G networks.
• In April 2020, Omnispace announced that it had selected Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), to develop the initial component of its satellite-based Internet of Things (IoT) infrastructure. This will advance Omnispace’s vision to deliver a global hybrid communications network based on 3GPP standards. Thales Alenia Space will design and build an initial set of two satellites for operation in non-geostationary orbit (NGSO).
The 5G in Defense Market report answers a number of crucial questions, including:
What are the years considered to study 5G in Defense Market?
What is the compound annual growth rate (CAGR) of the 5G in Defense Market?
Which region holds the largest market share in 5G in Defense Market?
Which region is the fastest growing in 5G in Defense Market?
Who are the major players in 5G in Defense Market?
Country Level Scope
• U.S.
• Japan
• Germany
• U.K
• China
• India
• Brazil
• UAE
• South Africa
Regional Level Scope
• North America
• Europe
• Asia-Pacific,
• South America
• Middle East and Africa
5G in Defense Market Reasons to Acquire
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for 5G in Defense Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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