5G in defense market will be worth $1.3 billion by 2025, study saysNews
November 16, 2020
NORTHBROOK, Ill. The global market for 5G in defense, measured at $64 million in 2020, will grow to $1.3 billion by at a CAGR [combined annual growth rate] of 57.9%, according to a new study from MarketsandMarkets, "5G in Defense Market -- Global Forecast to 2025."
According to the study's authors, factors in the huge increase will include higher network speed, lower latency in 5G, and the growing adoption of autonomous and connected devices.
Broken down by platform, the airborne segment is projected to see the highest CAGR during the forecast period, based in large part on advancements in 5G technology, airborne applications including unmanned aerial systems (UASs), and the increased need for mission-critical communications.
North America will lead the 5G charge in defense during the study period, it's projected, owing to increased investments by the U.S. Department of Defense (DoD) in 5G technology.
Background from the study authors reveals that 5G technology in defense helps improve the processing and functioning of ISR (intelligence, surveillance, and reconnaissance) systems, enables new command-and-control systems, enhances augmented- and virtual-reality applications, modernizes maintenance, and boosts logistics-supply efficiency.
For additional information visit the MarketsandMarkets website.