5G In Defense Market Size, Company Revenue Share, Key Drivers & Trend Analysis, 2021–2028

 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. Increasing implementation of Internet of Things (IoT) in military is expected to support market revenue growth during 2021-2028. Besides, increasing dependency on big data for decision making will boost market growth. Large volume real-time data capture using sensors installed on various platforms are processed and analyzed using sophisticated machine learning and Artificial Intelligence. 5G network slicing would enable creation of end-to-end virtual network as per the requirements of the application, which would enable operators to allocate required amount of resources as per network slice, thereby helping in more effective utilization of resources and significant reduction in operational expenditure. These are some major factors driving growth of global 5G in defense market revenue currently.

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 Key Players operating in the industry are:

Raytheon Technologies Corporation, L3harris Technologies, Inc., Telefonaktiebolaget LM Ericsson., Thales Group, NEC Corporation, Qualcomm Technologies, Inc., Huawei Technologies Co. Ltd, Cisco Systems, Inc., AeroMobile Communications Ltd., and NVIDIA Corporation

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Segmentation:

  • Communication Infrastructure Outlook (Revenue, USD Billion; 2018–2028)

    • Small Cell
      1. Picocells
      2. Femtocells
    • Macrocell

  • Core Network Technology Outlook (Revenue, USD Billion; 2018–2028)

    • Software-defined Networking (SDN)
    • Multi-user Edge Computing (MEC)
    • Network Functions Virtualization (NFV)
    • Fog Computing

  • Chipset Size Outlook (Revenue, USD Billion; 2018–2028)

    • Application-specific Integrated Circuit (ASIC) Chipset
    • Radio Frequency Integrated Circuit (RFIC) Chipset
    • Millimeter Wave (MMwave) Chipset

Regional Analysis Covers:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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