The speed at which the world is changing has never been faster since the invention of technology. Every day, new notions and thoughts are developed. Everything, from the greatest discoveries of antiquity to the more recent introduction of the internet, has made a significant contribution to the growth of human communities and settlements.
In the modern world, where the internet has taken over, it is driving human civilization. It’s because the internet has fundamentally changed the way we live, whether it’s for cellular network connections, data storage, global communication, or idea generation. Furthermore, technological standards have significantly increased in the present era. As a result, the new wireless standard known as 5G has emerged. Right from home users to the defense industry, 5G is beneficial for everyone. However, what’s this 5G, and how is it helpful in the defense industry? Well, let’s delve deep into 5G technology and learn about the growth and insights of 5G in defense market and the market players operating in this industry.
How Does the Military Use 5G?
Specifically, 5G wireless networks will make it possible for Unmanned Aerial Vehicles (UAVs) and surveillance drones to quickly transmit data to command centers in real-time, improving tactical surveillance and situational awareness. The rise of the 5G in defense market will be accelerated by the military’s increasing need for automation. End-to-end slicing capabilities provided by 5G technology allow network performance to be customized to match the unique needs of a range of military applications, such as automated vehicles and production operations. Consequently, this leads to improved resource usage, including bandwidth and spectrum optimization.
Top 5 Market Players
Here are some of the top key players of the 5G in defense market:
#1 AeroMobile Communications Ltd
Based in the UK, AeroMobile Communications Limited is a registered mobile network operator for the aviation sector. It offers services and technologies that enable travelers to use their phones safely while in flight. More than 20 airline partners now provide in-flight phone, SMS, and data services to passengers on specific, connected flights for AeroMobile, which launched the service in March 2008. Since then, more than 40 million passengers have joined the network.
#2 Cisco Systems, Inc
Located in San Jose, California, Cisco Systems, Inc., also referred to as Cisco, is a worldwide firm focused on digital communications technologies. Leonard Bosack and Sandy Lerner, two computer scientists from Stanford University who had played a key role in connecting computers at Stanford, created Cisco Systems in December 1984. Cisco is a company that designs, produces, and markets networking hardware, software, telecommunications gear, and other high-tech goods and services.
#3 Huawei Technologies Co. Ltd
Huawei was established in 1987 and is a prominent worldwide supplier of smart products and ICT (information and communications technology) infrastructure. With operations in more than 170 nations and regions, it provides services to over three billion people globally. In order to create a completely linked, intelligent world, they are dedicated to bringing digital to every individual, household, and business, which pushes them to be one of the best 5G in defense market players.
#4 L3harris Technologies, Inc
American technology business L3Harris Technologies, Inc. provides information technology services and is a defense contractor. Their areas of expertise include electronic warfare, microwave weapons, and surveillance solutions [3]. It was anticipated to rank as the sixth-largest defense contractor in the US when it was established on June 29, 2019, through the merging of L3 Technologies (previously L-3 Communications) and Harris Corporation.
#5 NEC Corporation
The NEC Supertower in Minato, Tokyo, Japan, serves as the corporate headquarters of the multinational Japanese information technology and electronics company NEC Corporation. On August 31, 1898, Takeshiro Maeda and Kunihiko Iwadare founded Nippon Electric Limited Partnership utilizing space they had purchased from Miyoshi Electrical Manufacturing Company.
Wrap Up
The industry is marked by fierce competition, and the leading companies rely on advanced technology, superior goods, and a strong brand identity to boost sales. These corporations utilize several approaches, including technical advances, mergers and acquisitions, and research and development, to broaden their range of products and sustain a competitive advantage in the marketplace. In fact, the global 5G in Defense market was valued at USD 2.71 billion in 2022 and is expected to grow to USD 10.57 billion at a CAGR of 14.7% during the forecast period of 2032.