#Defense #Market #Size #Attain #USD #Million
BERLIN , Oct. 14, 2022 (GLOBE NEWSWIRE) — The Global 5G in Defense Market Size accounted for USD 788 Million in 2021 and is projected to achieve a market size of USD 46,656 Million by 2030 rising at a CAGR of 57.7% from 2022 to 2030.
5G in Defense Market Statistics
- Global 5G in defense market value was USD 788 Million in 2021 and expected to grow at CAGR of 57.7% from 2022 to 2030
- North America 5G in defense market revenue gathered over 25% market share in 2021
- Asia-Pacific 5G in defense market growth will record noteworthy CAGR during the forecast timeframe from 2022 to 2030
- According to the Stockholm International Peace Research Institute data, global military spending surpassed USD 2.1 trillion in 2021
- Among communication infrastructure, small cell segment accounted for over 46% of the overall market share in 2021
- Rising number of terrorist activities is a primary driver for 5G in defense market growth
- Advent of AI, ML, and big data fuels the 5G in defense devices market
5G in Defense Market Growth Factors
- Growing adoption of UGV’s and UAV’s
- Rising government support towards 5G development
- Rapidly increasing digital transformation
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5G in Defense Market Report Coverage:
| Market | 5G in Defense Market | |
| 5G in Defense Market Size 2021 | USD 788 Million | |
| 5G in Defense Market Forecast 2030 | USD 46,656 Million | |
| 5G in Defense Market CAGR During 2022 – 2030 | 57.7% | |
| 5G in Defense Market Analysis Period | 2018 – 2030 | |
| 5G in Defense Market Base Year | 2021 | |
| 5G in Defense Market Forecast Data | 2022 – 2030 | |
| Segments Covered | By Communication Infrastructure, By Core Network Technology, By Type, By Chipset, By Platform, And By Geography | |
| 5G in Defense Market Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa | |
| Key Companies Profiled | Telefonaktiebolaget LM Ericsson (Ericsson), Huawei Technologies Co., Ltd., Nokia Networks, Samsung, NEC Corporation, Thales Group, L3Harris… | |
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