Chicago, Oct. 13, 2022 (GLOBE NEWSWIRE) -- According to the new research report, the "5G in Defense Market by Communication Infrastructure (Small Cell, Macro Cell), Core Network Technology, Platform (Land, Naval, Airborne), End User, Network Type, Chipset, Operational Frequency, Installation and Region - Global Forecast to 2027", published by MarketsandMarkets™, factors such as the higher network speed and lower latency in 5G , and growing adoption of autonomous and connected devices are driving factors assisting the growth of the 5G in defense market.
- Expected Market - $2,487 Million by 2027
- Projected to grow from - $665 Million in 2022
- At a CAGR – 30.2%
- Year of Considered – 2019-2027
- Base Year – 2021
- Forecast Period – 2022-2027
- Segments Covered – Communication Infrastructure, Technology, End User, Type, and Region
- Geographic regions covered - North America, APAC, Europe, and RoW
Market Leaders - 5G in Defense Companies
Ericsson (Sweden), Huawei (China), Nokia OYJ (Finland), Samsung (South Korea), NEC Corporation (Japan), Thales Group (France), L3 Harris Technologies, Inc. (US), Raytheon Technologies (US), Ligado Networks (US), and Wind River Systems, Inc. (US).
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Browse in-depth TOC on "5G in Defense Market"
217 – Tables
75 – Figures
257 – Pages
Top 5G in Defense Players:
Telefonaktiebolaget LM Ericsson
Telefonaktiebolaget LM Ericsson held the leading position in the 5G in defense market. The company provides high-performing solutions for networks, IT & cloud, media, and telecom industries. It aims to capture more market share as the market shifts from 3G to 4G. Moreover, the company aims to strengthen its position in the emerging 5G market with its offerings, as well as plans to expand and grow in utilities, transport, and public safety verticals. Ericsson had already collaborated with and delivered materials to the Swedish armed forces in the past. Thus, the company has prior experience and can leverage the same to offer 5G solutions to the defense industry.
Huawei
Huawei is the frontrunner among network access equipment providers, primarily backed by its R&D investment, product portfolio, market perception, and geographic reach. The company has R&D centers in 21 countries, including China, the US, Canada, the UK, India, Russia, and Turkey. It is among the major suppliers of network products to telecom and private network operators across the world. Its equipment has been a major part of LTE rollouts in China, Europe, East Asia, and other emerging markets. In terms of key business strategies in the 5G in defense market, the company considers partnerships/collaborations important for its growth in addition to product launches and continuous enhancements of its existing products and investments in R&D. Although the company is a major player in the 5G ecosystem, it has received backlash from the US government as the company is believed to have a strong connection with the Chinese government and that can be a concern for its international market.
Nokia OYJ
Nokia Networks, a segment of Nokia OYJ, offers a comprehensive portfolio of products and services to address the market that encompasses mobile and fixed network access infrastructure and IP routing and optical networks, among others. The company has a strong product offering for its customers. The company has adopted strings of strategies to garner share in the 5G in defense market. These strategies include product launches/developments, collaborations, and partnerships. The company aims to strengthen its position in the 5G in defense market with the launch of upgraded Cloudband Infrastructure software products. The company provides ultra-broadband network solutions that can handle the bandwidth requirements of a new generation of mission-critical voice, video, and data technologies. Its solutions eliminate IT silos to reduce response times.
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Opportunity: Growth of IoT
Wide adoption and continuous advancements in the Internet of Things (IoT) are among the factors transforming various industries by connecting several types of devices, appliances, systems, and services.
IoT is among the use cases that the 5G network would support; for instance, it enables the communication between a large number of sensors and connected devices. IoT application requirements can be categorized as high power, low-latency applications (e.g., border surveillance), low power, and long-range IoT applications (e.g., smart base). To support these requirements of emerging IoT applications, categorized as massive machine-type communication and mission-critical applications, the 5G market is expected to gain traction. Also, the need to provide uninterrupted internet connectivity to an increasing number of devices, along with a reduction in power consumption, is driving the growth of the 5G market.
Challenge: Security concerns on collaboration with 5G suppliers
Many countries, such as the US, Canada, France, Germany, and the UK, are looking forward to identifying potential 5G suppliers and integrators. Players such as Huawei, Nokia, and Ericsson have been dominating the 5G market.
Since the implementation is for defense purposes, the security of data and network is of utmost importance. The US is firm on not procuring hardware and solutions from unreliable sources, where data security can be a concern. It has decided to ban companies from China, especially Huawei. A similar request for a ban on Huawei has been made by the Canadian military to the government.
In the wake of strong competition between China and the US, the US is pressuring G7 countries to implement similar policies. European countries have directly not agreed to the ban of infrastructure from Chinese companies; however, they have planned for a limited period of contract. European countries prefer buying 5G devices from the European region to ensure data security. In Asia, countries like India are also looking forward to banning Chinese companies wherever data sensitivity is of concern.
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