From GlobeNewswire: 2024-07-26 08:00:00

The 5G in Defense Market is estimated to grow from USD 0.9 Billion in 2023 to USD 2.3 billion by 2028, with a CAGR of 19.9%. This technology has the potential to transform the defense sector by enhancing communication and data processing capabilities, paving the way for new IoT applications and improved military operations.

Major companies involved in the 5G in defense market include Ericsson, Huawei, Nokia Networks, and Samsung among others. The airborne segment is expected to witness the highest CAGR, showing the potential for enhanced UAV operations and real-time data streaming for surveillance and combat missions.

Core network solutions lead in market share for 5G in defense, offering faster connectivity and responsive networks. The EMBB segment dominates with top-tier internet speeds and enhanced data bandwidth when integrated with other 5G categories for IoT applications and critical ventures.

Asia Pacific is projected to experience the highest CAGR in 5G technology adoption, driven by countries like China, South Korea, and Japan. Sectors such as manufacturing, healthcare, and smart cities are embracing 5G to improve processes and services.

Opportunities in the 5G in Defense Market include increased defense budgets for technological advancements. Autonomous vehicles and drones using 5G offer real-time services for military operations, while challenges include the complexity of spectrum management for deployment, requiring careful planning and coordination to avoid interference and ensure accuracy.



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