The latest market report published by Credence Research, Inc. “Global 5G Infrastructure in Aerospace and Defense Market: Growth, Future Prospects, and Competitive Analysis, 2017 – 2030”. The Global 5G Infrastructure in Aerospace and Defense Market generated revenue of around USD 615.9 million in 2022 and is anticipated to grow a CAGR of over 28.50% during the forecast period from 2023 to 2030 to reach around USD 3563.13 million in 2030.
The demand for 5G technology from the Internet of Things (IoT) will increase over the forecast period, driving the market for 5G services. The Federation of Indian Chambers of Commerce and Industry (FICCI) estimates that by the end of 2025, the IoT will have generated US$ 1.1 trillion in revenue worldwide. The 5G market is anticipated to grow significantly in the coming years due to the quick advancement of virtualization in the networking industry. The low latency and faster data speeds are expected to cause the market to expand significantly.
The global 5G Infrastructure in Aerospace and Defense market is bifurcated into Communication Infrastructure, Core Network Technology, Network Type, Chipset, Platform, and Geography. Based on Communication Infrastructure, the market is categorized into Small Cell, Macro Cell, and Radio Access Network (RAN). Based on Core Network Technology, the global market is segmented into Software-Defined Networking (SDN), Fog Computing (FC), Mobile Edge Computing (MEC), and Network Functions Virtualization (NFV). Based on Network Type, the market is categorized into Enhanced Mobile Broadband (eMBB), Ultra-Reliable Low-Latency Communications (URLLC), and Massive Machine Type Communications (MMTC). Based on Chipset, the global market is segmented into Application-specific Integrated Circuit (ASIC) Chipset, Radio Frequency Integrated Circuit (RFIC) Chipset, and Millimeter Wave (mmWave) Chipset. Based on Platform, the market is categorized into Land, Naval, and Airborne. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2022, due to the US Department of Defense’s increased investment in the technology, the North American market for 5G in defense was anticipated to grow the fastest during the projection period. Additionally, the increased demand for low-latency communication technology, the expansion of the Internet of Things’ use of connected systems, and the military’s allocation of a significant portion of the frequency spectrum have opened up new opportunities for developers to produce 5G components and increase the system’s effectiveness.
5G technology has revolutionized the Aerospace and Defense industry, enabling real-time communication between military units, increasing situational awareness, and improving overall efficiency. However, implementing 5G infrastructure in this industry comes with its fair share of challenges. Firstly, the high-frequency signals used by 5G require more complex antenna systems that can withstand harsh environmental conditions such as extreme temperatures, radiation exposure and electromagnetic interference. Secondly, ensuring network security is crucial when dealing with classified information in a military setting where cyber attacks are rampant. Additionally, upgrading legacy equipment to support 5G connectivity is another significant challenge faced by the Aerospace and Defense sector due to budget constraints and compatibility issues.
The 5G Infrastructure in Aerospace and Defense Market current trends have been seeing significant advancements over the past few years. With the rise of fifth-generation (5G) networks, these sectors are striving to incorporate this technology into their operations. The implementation of 5G infrastructure is allowing aerospace and defense industries to improve communication channels between ground stations, aircraft, satellites, and other devices within their network. Moreover, it’s helping them acquire real-time data with better accuracy through IoT sensors that can monitor things like aircraft engines or missile systems at a much higher frequency than previously possible.
The 5G infrastructure in aerospace and defense market is expected to experience significant growth worldwide due to several factors:
- Increasing demand for real-time communication and data transfer: The aerospace and defense industry relies heavily on real-time communication and data transfer to ensure the safety and efficiency of operations. 5G infrastructure can provide faster and more reliable connectivity, allowing for real-time communication and data transfer even in remote or hostile environments.
- Growing adoption of unmanned systems: Unmanned systems such as drones and unmanned aerial vehicles (UAVs) are becoming more important in the aerospace and defense industry. These systems require reliable connectivity to operate effectively, and 5G infrastructure can provide the high-speed, low-latency connectivity needed for remote control and data transfer.
- Emphasis on cybersecurity: Cybersecurity is becoming increasingly important in the aerospace and defense industry, as cyber attacks can have serious consequences for national security. 5G infrastructure can provide enhanced security features such as encryption and network segmentation, helping to protect sensitive data and systems.
- Increasing use of augmented and virtual reality: Augmented and virtual reality technologies are becoming more important in the aerospace and defense industry for training, simulation, and visualization. 5G infrastructure can provide the high-speed, low-latency connectivity needed for these applications, allowing for immersive and interactive experiences.
- Growing investment in research and development: There is a significant amount of research and development underway in the aerospace and defense industry to explore the potential applications of 5G technology. This investment is expected to drive innovation and create new opportunities for 5G infrastructure providers in the aerospace and defense market.
Why to Buy This Report-
- The report provides a qualitative and quantitative analysis of the global 5G Infrastructure in Aerospace and Defense market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.
- The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level
- In-depth analysis of the global 5G infrastructure in aerospace and defense market segmentation based on Communication Infrastructure, Core Network Technology, Network Type, Chipset, and Platform.
- The global 5G Infrastructure in Aerospace and Defense market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.
Related Report: https://www.credenceresearch.com/report/aerostat-systems-market