5G Defense Report on Global Markets, Business Research Division 2021: COVID-19 Growth and Change
LONDON, GREAT LONDON, Great Britain, July 7, 2021 /EINPresswire.com/ – The global size of 5G in the defense market is expected to increase from $ 39.62 million in 2020 to $ 71.24 million in 2021 at a compound annual growth rate (CAGR) of 79.82%. The growth is mainly due to the high speed, low latency offered by 5G, and the growing adoption of stand-alone and connected security devices. The 5G on the defense market is expected to reach $ 646.61 million in 2025 with a CAGR of 73.57%.
The increasing use of autonomous systems and connected devices is expected to stimulate the growth of 5G in the defense market over the forecast period. According to Artificial Intelligence and National Security, published by the Federation of American Scientists (FAS) in November 2020, the US military intends to deploy various robotic war machines (RCVs) with various autonomous capabilities, such as navigation, surveillance and IED removal. These devices will additionally accompany the manned combat vehicle. The Navy has also set up a Rapid Autonomy Integration Laboratory (RAIL) to design, evaluate, certify and implement new and modernized autonomous systems. The 5G network is said to have increased the efficiency of autonomous systems by providing faster speeds and greater bandwidth. Therefore, the increasing use of stand-alone systems and connected devices, attributed to their better and improved performance through the 5G network, is expected to stimulate the growth of 5G in the defense market.
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Major players in 5G in the defense industry are Ericsson, Huawei, Nokia Networks, Samsung, NEC, Thales Group, L3Harris Technologies Inc., Raytheon Technologies, Ligado Networks, Wind River Systems Inc., AT&T and Qualcomm Technologies Inc.
North America has the largest 5G in market share in defense. The Asia-Pacific region is expected to report the fastest growth over the forecast period. The regions covered by 5G in the Defense Markets Report are Asia and the Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
TBRC’s global report on 5G in the defense market is segmented by communication infrastructure into a small cell, macro cell, radio access network (RAN), core network technology into a software-defined network (SDN), fog computing (FC), mobile computing edges) , Virtualization of Network Functions (NFV), by type of network in enhanced mobile broadband (eMBB), ultra reliable low latency communications (URLLC), massive machine type communications (MMTC) and through end use in military, internal security.
5G In Defense Global Market Report 2021: COVID-19 Growth And Change is one of a series of new reports by The Business Research Company, which provides 5G in an overview of the global defense market, forecasts 5G in size and growth of the global defense market for the entire market, 5G in segments of the global defense market and geographies, 5G in global defense market trends, 5G in defense market engines, constraints, revenue from leading competitors, profiles and market shares.
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