Market Size of 5G In Defense Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 95.01 Billion |
| Market Size (2029) | USD 412.06 Billion |
| CAGR (2024 - 2029) | 34.08 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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5G In Defense Market Analysis
The 5G In Defense Market size is estimated at USD 95.01 billion in 2024, and is expected to reach USD 412.06 billion by 2029, growing at a CAGR of 34.08% during the forecast period (2024-2029).
- The growing dependence on big data is projected to drive the increased need for 5G networks of defense equipment. The increased use of real-time data for decisive decision-making has raised substantial data collections. With faster and more thorough communication, the 5G network will establish the capacity to take huge amounts of data more swiftly. Through its 5G network, this new wireless network would allow for real-time data transfer from unmanned aerial vehicles and surveillance drones to command centers, boosting situational awareness and tactical reconnaissance.
- Defense program demand will propel interoperability forward in the defense market. End-to-end slicing for unique end users can be carried out via 5G networks. Slices can be tailor-made to offer system performance needed by programs such as autonomous cars and trucks and automated process technology.
- However, the high costs involved in setting up 5G infrastructure might hinder the market growth during the forecast period.
