The 5G In Defense Global Market Report 2023, provides comprehensive information on the 5G in defense market 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.
According to The Business Research Company's latest report on the 5G In Defense Global Market in 2023, we are witnessing a substantial growth in this sector. With an impressive CAGR of 86.5%, the global market is expected to surge from --content--.13 billion in 2022 to --content--.24 billion in 2023. However, the world's economic recovery, following the COVID-19 pandemic, is facing obstacles due to the ongoing Russia-Ukraine conflict. These geopolitical tensions have triggered economic sanctions, commodity price hikes, and supply chain disruptions, resulting in inflationary pressures across various industries. Despite these challenges, the 5G in defense market is anticipated to flourish, reaching an estimated value of .9 billion by 2027, with a CAGR of 67.1%. This significant growth underscores the market's resilience and its critical role in shaping the future of defense technologies.
Within the landscape of defense technology, prominent industry leaders are actively pursuing strategic collaborations to spearhead the development of cutting-edge innovations tailored to the exacting requirements of the defense sector. An area of particular focus revolves around the advancement of technologies such as 5G New Radio (NR) and Cellular Vehicle-to-Everything (C-V2X), both of which have witnessed a surging demand within the 5G defense market.
A noteworthy example of this drive for innovation can be found in the partnership between Leonardo, a distinguished Italian company specializing in aerospace, defense, and security, and O2, a leading UK-based telecommunications service provider. Their collaboration, initiated in February 2021, is dedicated to exploring the practical applications of 5G private networks in the domains of defense and security. At the heart of this partnership lies Leonardo's innovation and technology incubator center in Scotland, poised to collaborate with O2 in showcasing the manifold advantages delivered by 5G technology.
The central piece of this initiative is the provision of a secure 5G private network, coupled with an array of Industry 4.0 applications available for comprehensive evaluation. These strategic endeavors represent a beacon of next-generation defense technologies, promising not only heightened security but also the infusion of highly sophisticated applications into the defense landscape.
It's imperative to emphasize that these pioneering initiatives transcend national borders, with international defense entities wholeheartedly participating. The Norwegian military, for instance, is deeply immersed in the exploration and deployment of 5G technologies, spanning advanced and demonstrative programs. Notable among them is the 5G-VINNI project, a testament to modern and resilient voice and data systems integration within the defense sector.
What sets these dynamic undertakings apart is their all-encompassing and cooperative nature, signifying the collective commitment of industry titans, defense agencies, and technological innovators to redefine the defense technology landscape. The aim is to usher in an era marked by enhanced capabilities and security, and it's being done through these impactful collaborations that shape the future of the defense sector.
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
North America was the largest region in the 5G in defense market in 2022.
Top 5 Major Key Players Are: Ericsson Huawei Nokia Networks Samsung NEC
Table Of Contents 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 ....... 26. Africa 5G In Defense Market 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
Learn About Us: The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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