5G In Defense Market Share

Market Share of 5G In Defense Industry

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.

5G In Defense Market Leaders

1. Huawei Technologies Co., Ltd.

2. L3Harris Technologies, Inc.

3. NEC Corporation

4. RTX Corporation

5. Telefonaktiebolaget LM Ericsson

*Disclaimer: Major Players sorted in no particular order