Global 5G In Defense Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global 5G In Defense Market Report by The Business Research Company covers 5G in defense market’s drivers and restraints, 5G in defense market size, major players, and the impact of COVID-19 on the 5G in defense market.
The 5G in defense market consists of sales of 5G technology and services by entities (organizations, sole traders, and partnerships) that are engaged in providing 5G technology and services for military and homeland security uses. 5G for defense is expected to improve reconnaissance, intelligence, and surveillance systems and processing, streamline logistics systems for increased efficiency and enable new methods of control and command. 5G in defense is used to transfer video, text, image, and voice data with faster bandwidth of 300 GHz to create data on demand for the battlefield.
The increasing use of autonomous systems and connected devices is expected to propel the growth of 5G in defense market during the forecast period.
The global 5G in defense market is expected to grow from $39.62 million in 2020 to $71.24 million in 2021 at a compound annual growth rate (CAGR) of 79.82%. The growth is mainly due to the high speed, low latency offered by 5G and growing adoption of autonomous and connected defense devices. The 5G in defence market is expected to reach $646.61 million in 2025 at a CAGR of 73.57%.
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Some 5g in defense market trends include major players operating in the industry undertaking strategic collaborations for developing new technologies for the defense sector. Companies are focusing on developing technologies like 5G new radio (NR) and cellular vehicle-to-everything (C-V2X) technology, which has high demand in the 5G in defense market. For instance, in February 2021, Leonardo, an Italy-based company specializing in aerospace, defense, and security and O2, a UK-based telecommunications service provider announced a joint partnership to investigate the use of 5G private networks in defense and security market. Leonardo Scotland-based innovation and technology incubator center will work with O2 to highlight the benefits of 5G technology. O2 plans to offer a secure 5G private network as well as a variety of industry 4.0 applications for the evaluation. Moreover, the Norwegian military is experimenting with 5G technologies, including advanced and demonstration programs including the 5G-VINNI project, which integrates and tests modern and stable speech and data systems in the defense slice. Many of these initiatives are being carried out in partnership with commercial stakeholders and companies.
Global 5g in defense market segments include:
By Communication Infrastructure: Small Cell, Macro Cell, Radio Access Network (RAN)
By Core Network Technology: Software-defined Networking (SDN), Fog Computing (FC), Mobile Edge Computing (MEC), Network Functions Virtualization (NFV)
By Network Type: Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low-Latency Communications (URLLC), Massive Machine Type Communications (MMTC)
By End-Use: Military, Homeland Security
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global 5g in defense market share.
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The 5G In Defense Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides 5g in defense market overviews, analyzes and forecasts market size, share, 5g in defense market players, 5g in defense market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The 5g in defense identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read 5G In Defense Global Market Report 2021: COVID-19 Growth And Change from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Ericsson, Huawei, Nokia Networks, Samsung, NEC, Thales Group, L3Harris Technologies Inc., Raytheon Technologies, Ligado Networks, Wind River Systems Inc., AT&T, and Qualcomm Technologies Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The 5g In Defense Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The 5g In Defense Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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