5G in Defense: Projected to Hit USD 6.21 Billion by 2030 as Emerging Technologies Drive Demand
As per the report published by Kings Research, the global 5G in Defense Market was valued at USD 937.3 million in 2022. The market is projected to reach USD 6212.6 million by 2030, growing at a CAGR of 27.02% from 2023 to 2030.
The increased emphasis on cybersecurity in defense is driving the widespread adoption of 5G technology. The strong security features of 5G networks are crucial for ensuring secure and dependable communication in defense operations.
As threats continue to evolve, the implementation of 5G becomes essential for strengthening military and homeland security communication systems, addressing vulnerabilities, and protecting sensitive data. This rise in cybersecurity awareness highlights the vital role of 5G as a critical facilitator for secure, resilient, and mission-critical communication in the defense sector, thereby shaping the landscape of modern defense strategies.
Key Insights
- Based on application, the communication segment generated the highest revenue of USD 276.5 million in 2022
- Based on deployment type, the private 5G networks segment secured the largest market share of 59.82% in 2022
- Based on region, North America accounted for the largest market share of 34.77% in 2022
Pentagon Forges Critical Alliances to Propel 5G Advancements in Defense Applications
October 2023: In a strategic move to advance the integration of 5G technology in defense, the Pentagon actively engaged in pivotal partnerships with industry leaders. Recognizing the transformative potential of 5G and FutureG technologies, the collaboration aimed to accelerate the development and deployment of cutting-edge solutions for military applications.
This initiative underscored the Pentagon's commitment to staying at the forefront of technological innovation, leveraging the expertise and resources of industry partners. The collaborative efforts were intended to enhance communication capabilities, reduce latency, and fortify connectivity, reinforcing the imperative of public-private cooperation in shaping the future landscape of defense technology.
Integration of Emerging Technologies Fuels 5G Demand for Defense
The growing integration of emerging technologies such as AI, edge computing, and autonomous systems in defense applications is driving a need for 5G technology. This market trend represents a significant shift in defense strategies, as the combination of 5G and emerging technologies improves communication, decision-making, and the effectiveness of autonomous systems.
The demand for 5G in defense is closely linked to the transformative capabilities that these emerging technologies offer, thus highlighting the critical role of advanced connectivity in maximizing the potential of state-of-the-art defense applications. This indicates the importance of embracing advanced connectivity solutions to unlock the full benefits of cutting-edge defense technologies.
5G Unleashes New Possibilities for Controlling Unmanned Systems in Defense
The use of 5G technology in managing unmanned systems such as drones and autonomous vehicles is a significant driver fueling the growth of the global 5G in defense market. This application of 5G opens up new possibilities in defense operations by providing fast connectivity and minimal delay, enabling precise and real-time control of unmanned systems.
The collaboration between 5G and unmanned technologies represents a transformative phase that enhances the capabilities and effectiveness of these systems in military applications. This growing demand for 5G highlights its crucial role in reshaping the landscape of unmanned systems, introducing advanced functionalities, and expanding the potential of defense capabilities. This demonstrates the importance of 5G technology in revolutionizing the field of unmanned systems in defense.
Asia Pacific is Poised to Grow Significantly with a CAGR of 34.21% Between 2023 and 2030
Based on region, the global 5G in defense market is classified into North America, Europe, Asia Pacific, MEA, and Latin America. The Asia Pacific region is set to experience significant growth in the foreseeable future, with a projected CAGR of 34.21% from 2023 to 2030. This considerable expansion can be attributed to increased investments in defense modernization, dynamic shifts in geopolitics, and a greater focus on cutting-edge technologies.
Countries in the region are actively adopting 5G for defense purposes, leading to a surge in demand for advanced communication and surveillance solutions. The remarkable CAGR underscores the crucial role of the Asia Pacific region in shaping the global 5G in defense market. It highlights the region's commitment to strengthening military capabilities and remaining at the forefront of technological advancements to ensure heightened national security.
Companies Focus on Launching Cutting-Edge Products to Extend Their Reach
The global 5G in defense market is fragmented with key players such as Ericsson, Nokia, Huawei Technologies, Lockheed Martin, Northrop Grumman, Raytheon Technologies, General Dynamics, Thales Group, Harris Corporation, BAE Systems, and others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.