Global 5G In Defense Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
9 Jun, 2021
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.
Global 5G In Defense Market Size And Drivers:
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 defense market is expected to reach $646.61 million in 2025 at a CAGR of 73.57%. The increasing use of autonomous systems and connected devices is expected to propel the growth of 5G in defense market during the forecast period.
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Trends In The Global 5G In Defense Market
Major players operating in the industry are 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:
The global 5G in defense market is further segmented based on communication infrastructure, core network technology, network type, end use and geography.
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 global 5G in defense market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the 5G in defense market in 2020.
Read More On The Report For The Global 5G In Defense Market At:https://www.thebusinessresearchcompany.com/report/5g-in-defense-global-market-report
5G In Defense Global Market Report 2021 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 and growth for the global 5G in defense market, 5G in defense market share, 5G in defense market players, 5G in defense market segments and geographies, 5G in defense market’s leading competitors’ revenues, profiles and market shares. The 5G in defense market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.