5G in Defense Market Sales are expected to expand at a CAGR

NEWARK, Del., Sept. 19, 2022 (GLOBE NEWSWIRE) — 5G revenue in the defense market is estimated at US$213.5 million in 2022 and is expected to grow at a CAGR of 33.3% from 2022-2032, according to a recent Future Market Insights report. The market should be reached by the end of 2032 $3.8 billion. Small cell communications infrastructure market revenue is expected to grow by 31.5% over the next ten years.

Increasing reliance on IoT device connectivity, the use of big data for decision making, increasing automation of government and military functions, and 5G network infrastructure upgrades and government investments are expected to drive a rapidly growing market for 5G areas in defense markets .

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As more and more IoT devices are integrated into military applications, revenue in the IoT market is expected to increase. Cyber-physical systems, AI technology and 5G real-time networks are expected to drive IoT usage for military applications in the coming years. This will enable these companies to efficiently transmit and broadcast information from embedded sensors and real-time networks over the internet.

Many countries are concentrating their efforts on strengthening their military infrastructure. Seamless connectivity is required for rapid upgrades and maximum efficiency. Therefore, these elements are crucial for the growth of the 5G military industry.

The governments of several countries are investing heavily in defense infrastructure to protect their borders from anti-social elements in neighboring countries. Conflicts between certain neighboring countries will also increase defense budgets. All these considerations point to a positive future for 5G in the defense market.

The expansion of telecommunications infrastructure will play a significant role in the growth of the 5G military market due to government support. Due to the growth measures taken by the participants in 5G in Defense market, they have huge potential to generate profits.

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competitive landscape

Some of the major market players in 5G in defense market are Ericsson, Huawei, Nokia, Samsung, NEC, Thales Group, L3Harris Technologies, Inc., Raytheon Technologies, Ligado Networks and Wind River Systems Inc. In addition, market growth is expected through collaborations between current players funded to improve quality throughout the research period. Established market players are expected to diversify their portfolios and offer one-stop solutions during the projection horizon to face the stiff competition.

  • In June 2022, Raytheon Technologies Co and Northrop Grumman Corp announced that they had received contracts from the US to develop hypersonic weapon-intercepting missiles.
  • In June 2022, Ligado announced that it had selected Sony Semiconductor Israel as the chipset developer for its 5G satellite network. The former’s 5G satellite IoT network, based on 3GPP standards, will support millions of mobile devices, enabling critical machine-to-machine communications in the fields of transportation, energy and agriculture.
  • In February 2022, Ericsson and Mobily signed a memorandum of understanding to expand cutting-edge 5G use cases in Saudi Arabia.
  • In January 2022, Intelsat, the world’s largest integrated satellite and terrestrial network operator, and Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), agreed to develop two software-defined satellites as part of Intelsat’s 5G software-defined network .
  • In May 2020, T-Mobile US, Inc. and Ericsson signed a partnership. As the industry fully develops Voice over New Radio (VoNR) 5G technologies, this alliance will provide high quality voice services with VoLTE in the SA architecture.
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More insights available

Future Market Insights presents in its new offering an unbiased analysis of the defense 5G market with historical market data (2019-2021) and forecast statistics for the period 2022-2032.

The study reveals key insights based on communications infrastructure, core network technology, platform, end-user, network type, chipset, operating frequency and deployment across five regions (North America, Latin America, Europe, APAC, and Middle East and Africa).

Request Report [email protected] https://www.futuremarketinsights.com/customization-available/rep-gb-15618

Market segments covered by 5G in defense market analysis

By communication infrastructure:

  • small cell
  • macro cell
  • Radio access network (RAN)

By core network technology:

  • Software Defined Networks (SDN)
  • Fog Computing (FC)
  • Mobile Edge Computing (MEC)
  • Network Function Virtualization (NFV)

By platform:

By End User:

  • military
  • Homeland Security

By network type:

  • Enhanced Mobile Broadband (eMBB)
  • Ultra-Reliable Low Latency Communication (URLLC)
  • Massive Machine Type Communications (MMTC)

By chipset:

  • RFIC chipset (Radio Frequency Integrated Circuit).
  • Millimeter Wave (mm Wave) chipset

By operating frequency:

By installation:

  • New implementation
  • upgrade

Download Report [email protected] https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15618

Table of Contents

1. Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key market characteristics and attributes

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Restrictions

3. Assessment of market risks and trends

3.1. risk assessment

3.1.1. COVID-19 Crisis and Impact on 5G in Defense Demand

3.1.2. COVID-19 Impact Benchmark with previous crisis

3.1.3. Impact on Market Value (USD millions)

3.1.4. Rating by key countries

3.1.5. Evaluation by key market segments

to fortue table of contents…

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5G Industrial IOT Market Demand: FMI’s newly released 5G Industrial IOT Industry Analysis Report reveals that the global 5G Industrial IOT revenue was US$890.0M in 2021.

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About Future Market Insights, Inc.

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