What is 5G in Defense Market Scope?
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.
The 5G in Defense market study is being classified and major geographies with country level break-up.
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. Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global 5G in Defense market throughout the predicted period.
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) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global 5G in Defense market by Type, Application and Region.
On the basis of geography, the market of 5G in Defense has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
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 Omnispaceís 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 Market Trend
- The transition from on-premises legacy systems to cloud-based solutions
- Demand for information processing for big data analytics
- Increasing adoption of autonomous and connected devices
- Higher network speed and lower latency in 5G
- The rise in the use of IoT technology in defense
- The huge defense budgets of different countries for unmanned systems
- The absence of standards and protocols for use of 5G
- The concern related to the High cost involved in the deployment of 5G infrastructure
- Issues related to spectrum allocation
- Security concerns on collaboration with 5G suppliers
Key Target AudienceGovernment Regulatory Bodies, Government research Organization, Private Research Organization and Others
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Frequently Asked Questions (FAQ):
1. At what growth rate would the 5G in Defense market expands?
The Global 5G in Defense market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global 5G in Defense market?
The prominent players of Global 5G in Defense market are 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), to name a few.
3. What are the top priorities to focus for 5G in Defense marketís growth?
In this highly competitive & fast evolving 5G in Defense industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.