5G in defense market size reached USD 9.31 billion in 2020 and is expected to register a revenue CAGR of 68.4% during the forecast period, according to latest analysis by Emergen Research. Increasing implementation of Internet of Things (IoT) in military is expected to support market revenue growth during 2021-2028. Besides, increasing dependency on big data for decision making will boost market growth. Large volume real-time data capture using sensors installed on various platforms are processed and analyzed using sophisticated machine learning and Artificial Intelligence. 5G network slicing would enable creation of end-to-end virtual network as per the requirements of the application, which would enable operators to allocate required amount of resources as per network slice, thereby helping in more effective utilization of resources and significant reduction in operational expenditure. These are some major factors driving growth of global 5G in defense market revenue currently.
However, higher cost of deploying 5G infrastructure and rise in cyber threat and security concerns and potential breaches of 5G networks are expected to hamper market revenue growth during the forecast period.
The report throws light on the current economic landscape of this business vertical and evaluates the top market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts’ observations. It features insightful qualitative and quantitative assessments of the 5G In Defense industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators. The report delivers a deep understanding of the key aspects of the 5G In Defense market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions. Thus, the report concludes with the essential market statistics presented in a tabular format to help readers get a clear idea of the global market dynamics.
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Our sample copy includes a brief analysis of the 5G In Defense market, the List of Tables and Figures, the market’s competitive scenario and geographical segmentation, and product innovation and future developments based on a sought-after research methodology. Therefore, it serves as a comprehensive framework of the global 5G In Defense market dynamics and comprises a critical study of consumers’ journeys, the current and emerging market avenues, and strategic initiatives undertaken by companies to enable readers to gain meaningful insights into the market.
Key Highlights From the Report
Small cell segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to significantly lower cost than macrocell and transmission of higher frequency waves.
Ultra-reliable Low-latency Communications (URLLC) segment is expected to register a significantly robust revenue growth rate over the forecast period due to low latency and high speed, which would facilitate better connectivity and faster decision making.
North America is expected to register a larger revenue growth rate in the 5G in defense market over the forecast period than other regional markets due to robust presence of international and domestic 5G network providers such as Raytheon Technologies, Qualcomm Technologies., AeroMobile Communications Ltd.., NVIDIA Corporation., and Cisco Systems, Inc., among others in countries in the region.
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global 5G In Defense market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.
Leading companies operating across the global 5G In Defense market:
Raytheon Technologies Corporation, L3harris Technologies, Inc., Telefonaktiebolaget LM Ericsson., Thales Group, NEC Corporation, Qualcomm Technologies, , Huawei Technologies Co. Ltd, Cisco Systems, Inc., AeroMobile Communications Ltd., and NVIDIA Corporation.
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Emergen Research has segmented the global 5G in defense market on the basis of communication infrastructure, core network technology, chipset size, services, platform, and region:
Communication Infrastructure Outlook (Revenue, USD Billion; 2018–2028)
Core Network Technology Outlook (Revenue, USD Billion; 2018–2028)
Software-defined Networking (SDN)
Multi-user Edge Computing (MEC)
Network Functions Virtualization (NFV)
Chipset Size Outlook (Revenue, USD Billion; 2018–2028)
Application-specific Integrated Circuit (ASIC) chipset
Radio Frequency Integrated Circuit (RFIC) chipset
Millimeter Wave (MMwave) chipset
Services Outlook (Revenue, USD Billion; 2018–2028)
Enhanced Mobile Broadband (eMBB)
Ultra-reliable Low-latency Communications (URLLC)
Massive Machine Type Communications (MMTC)
Platform Outlook (Revenue, USD Billion; 2018–2028)
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The report offers a comprehensive analysis of the current growth opportunities for various regions of the 5G In Defense market. It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global 5G In Defense Market – Table of Contents:
Production, by product type
Revenue, by product type
Price, by product type
Consumption, by application
Market Share, by application
Production, by region
Revenue, by region
Consumption, by region
Production Locations and Areas Served
Product Launch, Application, and Specification
Production, Revenue, Ex-factory Price, and Gross Margin
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