The 5G in defense market is set to expand rapidly, with the adoption of 5G technology in the defense sector and increasing investments by the US government
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5G in defense market size reached USD 9.31 billion in 2020 and is expected to register a revenue CAGR of 68.4% during the forecast period, according to latest analysis by Emergen Research.
With 5G following suit, the global defence industry is rapidly moving towards cutting-edge technology solutions. With its unmatched speed, capacity, and low latency, 5G technology is a desirable alternative for defence applications. 5G technology is anticipated to revolutionise data transmission and processing in the defence sector, providing real-time situational awareness and quicker decision-making. The use of 5G technology in the defence sector is anticipated to present fresh chances for development and innovation.
The demand for real-time data processing and communication is the main factor driving the adoption of 5G in the defence market. The speed at which information is disseminated and taken action upon can be crucial on the modern battlefield. Military troops may now access a lot of data in real-time thanks to 5G, which speeds up decision-making and enhances situational awareness. The use of autonomous vehicles and drones is another benefit of 5G technology, which lowers the risk to human life in battle circumstances.
Despite the potential advantages of 5G technology for the defence industry, there are a number of barriers to its adoption. The expense of deploying 5G infrastructure is one of the major obstacles. Many defence organisations would not have the funding to develop 5G infrastructure widely due to the high implementation costs. There are also worries about the security of 5G networks, with some experts stating that these networks may be susceptible to hacking and cyberattacks.
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The proliferation of connected devices and the internet of things (IoT) is one of the major growing factors influencing the adoption of 5G in the defence sector. The amount of data being generated is increasing exponentially as IoT takes off, and traditional communication networks are finding it difficult to keep up. For IoT devices in the defence industry, 5G technology is the best option because it can manage enormous data volumes and has low latency. By enabling remote equipment monitoring and control, the use of 5G technology can also lessen the logistical strain on defence organisations.
The use of 5G technology in the defence sector presents a variety of growth and innovation prospects. Although there are a number of obstacles in the way of its adoption, the advantages of 5G technology for the defence industry are obvious. In order to facilitate real-time communication and data processing, 5G technology is anticipated to play an increasingly significant role as the global defence sector continues to transition towards cutting-edge technical solutions. It is obvious that the use of 5G technology in the defence market is a trend that is here to stay given the expected growth of the worldwide 5G in the defence market.
5G In Defense Market Segmentation:
The communication infrastructure market for the defense industry is expected to grow significantly over the forecast period (2018-2028). The market is segmented by infrastructure type, including small cell, picocell, femtocell, and macrocell. The small cell segment is expected to have a rapid CAGR due to increasing demand for high-speed connectivity, the growing adoption of IoT devices, and network densification in urban areas.
The core network technology market is segmented by software-defined networking (SDN), multi-user edge computing (MEC), network functions virtualization (NFV), and fog computing. The chipset size market is segmented by application-specific integrated circuit (ASIC) chipset, radio frequency integrated circuit (RFIC) chipset, and millimeter wave (MMwave) chipset. The services market is segmented by enhanced mobile broadband (eMBB), ultra-reliable low-latency communications (URLLC), and massive machine-type communications (MMTC).
The ULRLC segment is expected to have a robust revenue growth rate due to the increasing demand for mission-critical applications, adoption of IoT devices in industrial and healthcare sectors, and reliable and low-latency communication links in autonomous systems. The platform market is segmented by land, naval, and airborne, and is expected to drive the growth of the 5G in defense market in North America and other regions. The market is expected to be driven by investments in 5G technology by the US government, the growing adoption of 5G technology in the defense sector, and the presence of major 5G infrastructure providers in the region.
Due to its high-speed, low-latency, and extensive connectivity capabilities, 5G technology is quickly becoming a vital tool in defence applications. The 5G technology is of great interest to the defence industry since it can give soldiers a tactical advantage in contemporary combat. The growing demand for sophisticated communication and data exchange capabilities, the expanding use of IoT devices, and the expanding use of autonomous vehicles and drones are driving the use of 5G technology in defence applications.
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Some Key Highlights from the Report
Small cell segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to several factors such as the increasing demand for high-speed connectivity, the growing adoption of IoT devices, and the rising need for network densification in urban areas. Small cells are low-power, short-range wireless access points that can be deployed in areas where the coverage of traditional macrocell towers is limited. Small cells can provide high-speed connectivity to a small area, making them ideal for use in densely populated urban areas where there is a high demand for data services.
Ultra-reliable Low-latency Communications (URLLC) segment is expected to register a significantly robust revenue growth rate over the forecast period due to several factors such as the increasing demand for mission-critical applications, the growing adoption of IoT devices in industrial and healthcare sectors, and the need for reliable and low-latency communication links in autonomous systems.
North America is expected to register a larger revenue growth rate in the 5G in defense market over the forecast period than other regional markets due to several factors such as the increasing investments in 5G technology by the US government, the growing adoption of 5G technology in the defense sector, and the presence of major 5G infrastructure providers in the region.
Some major companies in the global market report include Raytheon Technologies Corporation, L3harris Technologies, Inc., Telefonaktiebolaget LM Ericsson., Thales Group, NEC Corporation, Qualcomm Technologies, , Huawei Technologies Co. Ltd, Cisco Systems, Inc., AeroMobile Communications Ltd., and NVIDIA Corporation.
In July 2021, Qualcomm Technologies, Inc., a leading provider of 5G technology solutions, announced the launch of its latest 5G modem-RF system, the Snapdragon X65, which is expected to drive the growth of the 5G in defense market in North America and other regions.
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