As per the report published by The Brainy Insights, the global 5G in Defense market is expected to grow from USD 705.0 million in 2021 to USD 6640.9 million by 2030, at a CAGR of 28.3% during the forecast period 2022-2030. North America emerged as the largest market for the global 5G in Defense Market, with a 39.4% share of the market revenue in 2021. Countries in North America, like the US, have increased their investment in the defense sector to build a robust communication system for fluent and quick data transfer. Apart from the US is also the largest developer and operator of the 5G technology and communication system. This propels the market’s growth in the region. Other countries apart from the US are also investing in building a robust defense system to protect their country during war-like situations.
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Global 5G in Defense Market Size By Communication Infrastructure (Small Cell and Macro Cell), By Platform (Land, Naval, Airborne), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030
Leading companies in the industry include Ericsson, Nokia Networks, Huawei, Samsung, Thales Group, NEC, L3Harris Technologies, Inc., Wind River Systems, Inc., Raytheon Technologies, and Ligado Networks among others which are offering greater opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.
The communication infrastructure segment is divided into small cells and macro cells. The small cell communication infrastructure segment dominated the market, with a market share of around 68% in 2021. Small cell communication infrastructure helps facilitate better data connectivity speed and helps in the successful deployment of the 5G network, which propels the segment's growth. Small cell communication infrastructure is also expected to play an essential role in building the communication infrastructure for the 5G network. The platform segment is divided into land, naval, and airborne. Over the forecast period, the airborne platform segment is expected to grow at the fastest CAGR of 31.3%. An airborne platform for communication has various applications, such as drones, aircraft, etc., which boost the market's growth. The airborne communication platform can also be used to connect quickly and efficiently in mission-critical situations.
The wide adoption of autonomous technology in defense, such as drones, robots, etc., propels the market's growth. These autonomous tools use 5G technology to provide services in real-time information from the inconvenient, dangerous, and impossible areas of operation such as enemy infantry and remote surveillance. This adds impetus to the 5G in the defense market's growth. However, the cybersecurity threats to the 5G network are a challenge to the growth of the market. 5G network involves the interconnection of multiple devices, which increases cybersecurity risk. There is no chance of data theft in the defense sector as it can lead to a significant security concern for the nation. Therefore several countries are still skeptical about using a 5G network in defense of security concerns.
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About the report:
The global 5G in Defense market is analyzed based on value (USD Million). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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Original Source of the original story >> 5G in Defense Market to Grow at CAGR of 28.3% through 2030, The Brainy Insights