PUBLISHER: Orion Market Research | PRODUCT CODE: 1215605
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215605
Title: Global 5G In Defense Market Size, Share & Trends Analysis Report by Communication Infrastructure (Small cell and Macro Cell), by Core Network Technology (Software-Defined Networking (SDN), Fog Computing (FC), Mobile Edge Computing (MEC), and Network Functions Virtualization (NFV)), by Platform (Land, Naval, and Airborne), and by End-User (Military and Homeland Security) Forecast Period (2022-2028).
The global 5G in defense market is anticipated to grow at a substantial CAGR of 28.7% during the forecast period. The increased demand for autonomous defense vehicles, drones, and robots in the defense sector is fueling the market growth. Drones offer several advanced functions such as identifying security, and terrorism-related challenges and pinpointing vulnerable areas that are prone to various risks, real-time reconnaissance, target acquisition, and tracking the movement of people and illegal activities via high-quality video feed. These factors are growing the demand for 5G network technology in the defense market. According to the Center for Strategic & International Studies (CSIS), 30 of the largest AV companies had invested $16 billion in developing fully autonomous technology through February 2020.
The global 5G in defense market is segmented based on the communication infrastructure, core network technology, platform, and end-user. Based on the communication infrastructure, the market is segmented into small cells and macrocells. Based on the core network technology, the market is sub-segmented into software-defined networking (SDN), fog computing (FC), mobile edge computing (MEC), and network function virtualization (NFV). Based on the platform, the market is sub-segmented into the land, naval and airborne. Based on end-user the market is segmented into military and homeland security. Among the platform segment, the airborne segment is anticipated to hold a prominent share in the market. Factors such as wide-area, high-speed, secure wireless network coverage through which a drone can go contribute to the growth of the segment.
The global 5G in defense market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). North America is expected to hold a prominent share in the 5G in defense market across the globe. Due to the investments and funding for the 5G technology the market is growing in North America. According to GoWin Deltek, the level of financial resources for 5G-related work by the DOD rose to over $400M in 2020, which further increased by $250M in the 2021 budget. Hence, this is driving the growth of the market in the region.
The major companies serving the global 5G in defense market include Ericsson, Huawei Technologies Co., Ltd., L3Harris Technologies, Inc., Samsung Electronics Co., Ltd., Thales Group, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2022, Vodafone-Idea (VI) announced to use DWDM solution in the access layer to upgrade its network to 5G for meeting future service capacity and reliability requirements. In February 2022, Ericsson and Mobily signed a Memorandum of Understanding. It aimed to expand cutting-edge 5G use cases in the Kingdom of Saudi Arabia.
Research Methodology
The market study of the global 5G in defense market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size and the intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: