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(USGovernment-News.Com, July 02, 2021 ) 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.
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.
5G In Defense Market Report Segments:
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
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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%.
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 provide market overviews, analyze and forecast market size and growth for the whole market, 5G in defense market segments and geographies, 5G in defense market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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