Global 5G In Defense Market Size and Forecast 2023-2032 | Ericsson, Huawei, Nokia Networks, Samsung, NEC, Thales Group, L3Harris Technologies Inc., Raytheon Technologies

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The 5G In Defense Global Market Report 2023 by The Business Research Company, provides 5G in defense market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/5g-in-defense-global-market-report

According to The Business Research Company’s 5G In Defense Global Market Report 2023, the global 5G in defense market size will grow from $0.13 billion in 2022 to $0.24 billion in 2023 at a compound annual growth rate (CAGR) of 86.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the 5G in defense is expected to grow to $1.9 billion in 2027 at a CAGR of 67.1%.

The increasing use of autonomous systems and connected devices is expected to propel the growth of 5G in the defence market during the forecast period.

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The 5G in defense market is segmented:

1) By Communication Infrastructure: Small cell, Macro Cell, Radio Access Network (RAN)

2) By Core Network Technology: Software-defined Networking (SDN), Fog Computing (FC), Mobile Edge Computing (MEC), Network Functions Virtualization (NFV)

3) By Network Type: Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low-Latency Communications (URLLC), Massive Machine Type Communications (MMTC)

4) By End Use: Military, Homeland Security

Major players operating in the industry are undertaking strategic collaborations for developing new technologies for the defence sector. Companies are focusing on developing technologies like 5G new radio (NR) and cellular vehicle-to-everything (C-V2X) technology, which has a high demand for the 5G in the defence market. For instance, in February 2021, Leonardo, an Italy-based company specialising in aerospace, defence, and security and O2, a UK-based telecommunications service provider, announced a joint partnership to investigate the use of 5G private networks in the defence and security market. Leonardo Scotland-based innovation and technology incubator centre 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 defence slice. Many of these initiatives are being carried out in partnership with commercial stakeholders and companies.

The 5G in defense market report table of contents includes:

1. Executive Summary

2. 5G In Defense Market Characteristics

3. 5G In Defense Market Trends And Strategies

4. 5G In Defense Market – Macro Economic Scenario

5. 5G In Defense Market Size And Growth

…

27. 5G In Defense Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The 5G In Defense Market

29. 5G In Defense Market Future Outlook and Potential Analysis

30. Appendix

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