The global 5G in defense market is valued at approximately US$ 281.8 billion in the year 2023. It is anticipated that this market will experience significant growth, with a Compound Annual Growth Rate (CAGR) of 33.6% from 2023 to 2033, reaching an impressive valuation of around US$ 5,118.3 billion by 2033.
Within this market, the category that is expected to generate the highest revenue is smart cell communication infrastructure. This particular segment is projected to maintain a robust growth rate, with a CAGR of 31.5% during the period spanning from 2023 to 2033.
Increased dependency on IoT device connectivity, Big Data usage for decision-making, increased automation of government and military functions, and 5G network infrastructure upgrades and government investments are expected to drive a rapidly increasing market for 5G areas in defense markets.
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As more IoT devices become integrated into military applications, revenue in the IoT market is projected to increase. Cyber-physical systems, AI technology, and real-time 5G networks are expected to boost IoT use for military applications in the years ahead. This will allow these businesses to efficiently transmit and send 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 speedy upgrades and maximum efficiency. As a result, these elements are critical to the growth of the 5G military industry.
Several countries’ governments are investing extensively in defense infrastructure in order to secure their borders from anti-social elements in neighboring countries. Conflicts between certain neighboring countries will also increase the defense budget. All of these considerations point to a positive future for 5G in the defense market.
The expansion of telecommunication infrastructure, owing to government backing, will play a significant role in the growth of the 5G military market. Due to the growth measures adopted by the participants in the 5G in the defense market, they will have enormous potential to earn profits.
Due to the increased investment in 5G technology by the US Department of Defense, the market in North America is projected to account for the fastest growth in the 5G defense market throughout the projection period. Furthermore, the expanding use of connected systems through IoT, increased demand for low-latency communication technology, and the allotment of a wide frequency band to the US military have given new chances for developers to create 5G components and improve the system’s efficiency.
Competitive Analysis:
Some of the key market participants in 5G in defense market include Ericsson, Huawei, Nokia, Samsung, NEC, Thales Group, L3Harris Technologies, Inc., Raytheon Technologies, Ligado Networks, and Wind River Systems Inc.
- In June 2023, Raytheon Technologies Co and Northrop Grumman Corp announced that they had won contracts from the United States to develop missiles that intercept hypersonic weapons.
- In June 2023, 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 that will empower critical machine-to-machine communications in the transportation, energy, and agricultural sectors.
- In February 2023, Ericsson and Mobily inked a Memorandum of Understanding to expand cutting-edge 5G use cases in Saudi Arabia.
- In January 2023, Intelsat, 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 agreement. While the industry is completely developing Voice over New Radio (VoNR) 5G technologies, this alliance provides high-quality voice services using VoLTE in the SA architecture.
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5G in Defense Market Segmentation:
By Communication Infrastructure:
- Small Cell
- Macro Cell
- Radio Access Network (RAN)
By Core Network Technology:
- Software-Defined Networking (SDN)
- Fog Computing (FC)
- Mobile Edge Computing (MEC)
- Network Functions Virtualization (NFV)
By Platform:
- Land
- Naval
- Airborne
By End User:
- Military
- Homeland Security
By Network Type:
- Enhanced Mobile Broadband (eMBB)
- Ultra-Reliable Low-Latency Communications (URLLC)
- Massive Machine Type Communications (MMTC)
By Chipset:
- Radio Frequency Integrated Circuit (RFIC) Chipset
- Millimetre Wave (mm-Wave) Chipset
By Operational Frequency:
- Low
- Medium
- High
By Installation:
- New Implementation
- Upgradation
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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