How big is the 5G In Defense Market?

The 5G In Defense Market size is expected to reach USD 95.01 billion in 2024 and grow at a CAGR of 34.08% to reach USD 412.06 billion by 2029. Read More

What is the current 5G In Defense Market size?

In 2024, the 5G In Defense Market size is expected to reach USD 95.01 billion. Read More

Who are the key players in 5G In Defense Market?

Huawei Technologies Co., Ltd., L3Harris Technologies, Inc., NEC Corporation, RTX Corporation and Telefonaktiebolaget LM Ericsson are the major companies operating in the 5G In Defense Market. Read More

Which is the fastest growing region in 5G In Defense Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in 5G In Defense Market?

In 2024, the North America accounts for the largest market share in 5G In Defense Market. Read More

What years does this 5G In Defense Market cover, and what was the market size in 2023?

In 2023, the 5G In Defense Market size was estimated at USD 62.63 billion. The report covers the 5G In Defense Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the 5G In Defense Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

5G In Defense Market Size & Share Analysis - Industry Research Report

5G in Defense Market Size & Share Analysis - Growth Trends & Forecasts (2024-2029)

The 5G in Defense Market Report is Segmented by Communication Infrastructure (Small Cell, Macro Cell, and Radio Access Network), Core Network Technology (Software-Defined Networking, Fog Computing, Mobile Edge Computing, and Network Functions Virtualization), Platform (Land, Airborne, and Naval) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

5G In Defense Industry Overview

The 5G in Defense Market is semi-consolidated, with the market players vying for a dominant market share through attractive offerings and competitive pricing strategies. Some of the key market participants in the 5G defense market include Telefonaktiebolaget LM Ericsson, Huawei Technologies Co., Ltd., NEC Corporation, L3Harris Technologies, Inc., and RTX Corporation. These major players operating in this market have adopted various strategies comprising M&A, investment in R&D, collaborations, partnerships, regional business expansion, and new product launches.

For instance, in April 2022, Lockheed Martin and Intel Corporation signed a memorandum of understanding to leverage their expertise in technology and communications to bring together innovative 5G-capable solutions. The memorandum of understanding (MoU) will expand the strategic relationship between the two companies to align 5G-enabled hardware and software solutions for the US Department of Defense.