The global 5G in defense market size is projected to grow from USD 665 million in 2022 to USD 2,487 million by 2027, at a CAGR of 30.2% from 2022 to 2027. Factors such as the are 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 the defense market.
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The 5G in defense market is dominated by a few globally established players such as Ericsson (Sweden), Huawei (China), Nokia OYJ (Finland), Samsung (South Korea), NEC Corporation(Japan), Thales Group (France), L3Harris Technologies, Inc. (US), Raytheon Technologies (US), Ligado Networks (US), and Wind River Systems, Inc. (US). These players have adopted various organic and inorganic growth strategies to strengthen their position in the market. These include new product developments, contracts, agreements, partnership, and research & development (R&D) activities further to expand their presence in the 5G in Defense market.
Contracts, partnerships, agreements new product & service launches, mergers and acquisitions are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the 5G in defense market. In January 2022, Intelsat, the worlds largest integrated satellite and terrestrial network operator, and Thales Alenia Space, a joint venture between Thales (67%) and Leonardo (33%), agreed to build two software-defined satellites to advance Intelsats global fabric of software-defined GEO connectivity as part of its 5G software-defined network. In July 2021, GBL Systems Corporation (GBL), a leading provider of systems engineering, software services, and advanced technology solutions to the US Department of Defense (DoD), and Samsung Electronics America, Inc. announced the deployment of new 5G testbeds for Augmented Reality/Virtual Reality at US Army bases. The 5G testbeds are part of a larger DoD project announced in October 2020 that granted USD 600 million in contracts for 5G testing at several US military test locations.
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