5G in Defense Market Size to Grow by USD 1.79 Bn, Emergence of IoT to Drive Market Growth - Technavio
NEW YORK , Nov. 8, 2022 /PRNewswire/ -- The global 5G in defense market growth is driven by factors such as the emergence of the Internet of Things(IoT). The defense industry is implementing next-generation technology to enhance networking and communication systems. loT has transformed networking and communication technologies. IT products and services give insights into intelligent, connected technologies used in the defense industry. Telecommunications companies are rolling out 5G wireless network infrastructure. Defense officials in the US are exploring 5G for military applications, such as support of deployed combatants; smart bases, warehouses, and logistics; autonomous vehicles; and applications related to cloud services. Thus, with the increasing adoption of IoT, the global 5G in defense market is expected to grow during the forecast period.
The global 5G in defense market size is expected to grow by USD 1.79 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 30.15% during the forecast period. Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. View FREE Sample Report
Global 5G In Defense Market: Communication Technology Landscape
By technology, the market has been segmented into small cell and macro cell. The small cell segment will be a significant contributor to market growth during the forecast period. The growth of this segment is attributed to the large-scale deployment of small cells by 5G network operators. A major increase in data speed is expected with the introduction of 5G networks. Small cells can facilitate 5G deployment. Hence, they are expected to play a major role in the 5G communication infrastructure market. In defense, 5G can make intelligence, surveillance, and reconnaissance (ISR) systems and processes more efficient. Factors such as high network speed and low latency, as well as the wide adoption of autonomous and connected devices, will drive the growth of the segment.
Global 5G In Defense Market: Geographic Landscape
By geography, the market has been segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America will account for 44% of the market's growth during the forecast period. This growth is attributed to factors such as the emergence of IoT. However, market growth in this region will be slower than the growth of the market in other regions. The US is a key country for the 5G in defense market in the region.
Learn about the contribution of each region summarized in concise infographics and thorough descriptions. Buy Now for detailed information about country-wise regional information
Global 5G In Defense Market: Companies Covered
AT&T Inc. - The company offers 5G solutions that enable smart warehouse applications for the Department of Defense's Naval Bases.
L3Harris Technologies Inc. - The company offers 5G solutions that are designed to explore nest-gen-wireless solutions for military personnel in remote areas.
NEC Corp. - The company offers 5G solutions that enable on-the-move communications in a degraded, intermittent, latent, and contested EW environment.
Raytheon Technologies Corp. - The company offers 5G solutions that enable intelligent, automated operations.
Sierra Wireless Inc. - The company offers 5G solutions that connect smart warehouse application infrastructure to provide high-speed, low-latency 5G connectivity.
Aptiv Plc
Ligado Networks
NVIDIA Corp.
Qualcomm Inc.
Samsung Electronics Co. Ltd.
Thales
Cisco Systems Inc.
Huawei Technologies Co. Ltd.
Nokia Corp.
Telefonaktiebolaget LM Ericsson
This report provides a full list of key vendors, their strategies, and the latest developments. Request a FREE PDF Sample Now
Global 5G In Defense Market: What our Reports Offer
Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers market data from 2021 to 2026
Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
5G Technology Market by Component, End-user, and Geography - Forecast and Analysis 2022-2026: The growing R&D and deployment of 5G network is driving market growth. Vendors are competing for 5G network deployment, especially in North America. The evolution of 5G technology will compel market vendors to develop wireless test equipment that can support the technology effectively.
5G IoT Roaming Market by End-user and Geography Forecast and Analysis 2022-2026: The development of wireless technologies is driving market growth. The increasing adoption of LPWAN, long-range wide area network (LoRaWAN), 5G, wireless sensor networks, and Internet Protocol version 6 (IPv6) is expected to drive the demand for IoT devices. The need to provide increased capacity, high data rate, and high connectivity has increased.
5G In Defense Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 30.15%
Market growth 2022-2026
USD 1.79 billion
Market structure
Fragmented
YoY growth (%)
29.98
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
North America at 44%
Key consumer countries
US, China, India, Germany, and UK
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Aptiv Plc, AT&T Inc., L3Harris Technologies Inc., Ligado Networks, NEC Corp., NVIDIA Corp., Qualcomm Inc., Raytheon Technologies Corp., Samsung Electronics Co. Ltd., Sierra Wireless Inc., Thales, Cisco Systems Inc., Huawei Technologies Co. Ltd., Nokia Corp., and Telefonaktiebolaget LM Ericsson
Market Dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 122: Sierra Wireless Inc. - Business segments
Exhibit 123: Sierra Wireless Inc. - Key offerings
Exhibit 124: Sierra Wireless Inc. - Segment focus
10.11 Telefonaktiebolaget LM Ericsson
Exhibit 125: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 126: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 127: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 128: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 129: Telefonaktiebolaget LM Ericsson - Segment focus
10.12 Thales
Exhibit 130: Thales - Overview
Exhibit 131: Thales - Business segments
Exhibit 132: Thales - Key offerings
Exhibit 133: Thales - Segment focus
11 Appendix
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
Exhibit 134: Inclusions checklist
Exhibit 135: Exclusions checklist
11.3 Currency conversion rates for US$
Exhibit 136: Currency conversion rates for US$
11.4 Research methodology
Exhibit 137: Research methodology
Exhibit 138: Validation techniques employed for market sizing
Exhibit 139: Information sources
11.5 List of abbreviations
Exhibit 140: List of abbreviations
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