Industry Background:
The Emergence of 5G in the various industries impacting dramaticaally. 5 G in the defense sector too, these new capabilities will open up new opportunities for units in the theatre of operations to collaborate in an immersive digital space and stay protected in near-real-time, especially when 5G is combined with other innovations like the defense cloud and artificial intelligence. The 5th generation of global wireless standards is designed to connect virtually everyone and everything together including machines, objects, and devices. 5G technology is widely used in the defense sector for communication and security due to its specifications such as higher network speed and lower latency. 5G or 5th generation mobile network has the capability to connect practically everyone and everything together comprising objects, devices, and machines. The deployment of 5G technology is gradually increasing across the globe. 5G will considerably increase the speed of data transfer and improve bandwidth over 4th generation or 4G technology, in turn supporting new military and commercial uses.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Ericsson (Sweden), Huawei (China), Nokia Networks (Finland), Samsung (South Korea), NEC (Japan), Thales Group (France), L3Harris Technologies, Inc. (United States), Raytheon Technologies (United States), Ligado Networks (United States) and Wind River Systems, Inc. (United States) |
This growth is primarily driven by Increasing adoption of autonomous and connected devices and Higher network speed and lower latency in 5G.
Globally, a noticeable market trend is evident The transition from on-premises legacy systems to cloud-based solutions
The Aerospace & Defense sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Ericsson (Sweden), Huawei (China), Nokia Networks (Finland), Samsung (South Korea), NEC (Japan), Thales Group (France), L3Harris Technologies, Inc. (United States), Raytheon Technologies (United States), Ligado Networks (United States) and Wind River Systems, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global 5G in defense market was highly fragmented in 2020. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for 5G in defense. Moreover, manufacturers are undertaking mergers and acquisitions for the development of innovative products.
Key Developments in the Market:
In July 2020, Deutsche Telekom entered into a contract with Ericsson for 5G Radio Access Network (RAN) deployment after Ericsson delivers successful modernization of their 2G/3G/4G networks..
In April 2020, Omnispace announced that it had selected Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), to develop the initial component of its satellite-based Internet of Things (IoT) infrastructure. This will advance Omnispace’s vision to deliver a global hybrid communications network based on 3GPP standards. Thales Alenia Space will design and build an initial set of two satellites for operation in non-geostationary orbit (NGSO).
Influencing Trend:
The transition from on-premises legacy systems to cloud-based solutions and Demand for information processing for big data analytics
Market Growth Drivers:
Increasing adoption of autonomous and connected devices and Higher network speed and lower latency in 5G
Challenges:
Issues related to spectrum allocation and Security concerns on collaboration with 5G suppliers
Restraints:
The absence of standards and protocols for use of 5G and The concern related to the High cost involved in the deployment of 5G infrastructure
Opportunities:
The rise in the use of IoT technology in defense and The huge defense budgets of different countries for unmanned systems
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in 5G in Defense Market
- Analysis about New Entrants in 5G in Defense Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, 5G in Defense Study Sheds Light on
The 5G in Defense Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the 5G in Defense industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where 5G in Defense industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.