5G In Defense Market to grow at a CAGR of 46.1% during 2024-2028
The 5G In Defense Market is expected to grow at a CAGR of 46.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4 billion. The defense sector is witnessing a significant surge in research and development activities, particularly in the integration of advanced communications technologies such as 5G. Viasat Inc., a leading global communications company, is collaborating with the US Department of Defense (DoD) to support the development of cutting-edge communications systems and concepts of operations (CONOPs) for military personnel. In a notable development, Ligado Networks was recently awarded a contract by the DoD's Information Warfare Research Project (IWRP) to investigate the utilization of 5G for Expeditionary Advanced Base Operations (EABO) communications. This research encompasses network enhancements, command and control (C2), and advanced processing capabilities, including digital twins and software-defined networking (SDN).
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Technavio analysts predict that the Small cell subsegment will lead the Communication Technology segment during 2024 and 2028 In the dynamic business landscape, 5G technology is poised to revolutionize the defense sector with its high-speed, low-latency, and secure connectivity. The 5G defense market represents a significant growth opportunity, as military organizations seek to modernize their communication systems and enhance operational efficiency. This technology will enable advanced applications such as real-time data processing, autonomous systems, and remote surveillance, thereby enhancing situational awareness and mission success.
Here are the various ways based on which the market is segmented:
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There are several factors that are causing the market to flourish emergence of iot
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The 5G In Defense market is experiencing significant growth due to the ultra-low latency and high-speed data transmission capabilities of 5G technology. This is particularly important for defense applications such as UAV operations, military aircraft, and airborne ISR systems. With 5G Open RAN, military organizations can deploy automated process technology for tactical reconnaissance and real-time data processing. This is crucial for unmanned aerial vehicles (UAVs) and autonomous systems used for surveillance and situational awareness. Military equipment, including command and control systems and logistics operations, can benefit from 5G's network infrastructure. Software-defined networking and Network Functions Virtualization enable secure and efficient communication between various military systems. The high-speed data transmission and real-time processing capabilities of 5G also make it an ideal solution for cyberattack defense and IoT applications. Moreover, 5G's beamforming technology and smart cell communication enhance the capabilities of military operations, enabling seamless communication between various platforms. The integration of 5G technology with military aircraft, UAVs, and autonomous vehicles can revolutionize the way military operations are conducted, providing a competitive edge in the field. Public safety and emergency response teams can also benefit from 5G's real-time data processing capabilities for effective situational awareness and quick response to incidents.
According to Technavio, the 5G in Defense market falls under the broader category of the global Technology Hardware, Storage, and Peripherals market within the Information Technology sector. This market encompasses manufacturers of various technology hardware, including cellular phones, personal computers, servers, electronic components, data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. The market size is determined by the revenue generated from the sales of these hardware devices, equipment, and components. Key growth drivers for the Technology Hardware, Storage, and Peripherals market include the escalating demand for data centers due to the increasing adoption of work-from-home technologies and the growing need for advanced technology infrastructure in defense applications.
The 5G In Defense Market is experiencing significant growth, fueled by the emergence of iot. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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