Cisco Systems Inc CSCO

5G in Defense Market Report and Outlook 2024-2032

[ivosmith]

According to the latest research report, the global 5G in defense market size reached US$ 1,694.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 32,425.2 Million by 2032, exhibiting a growth rate (CAGR) of 38% during 2024-2032.

The widespread adoption of autonomous defense vehicles and robots in the defense sector is currently driving the market growth. Additionally, the rising use of 5G in radars to detect and track multiple targets and the increasing numbers of cross-border and territorial conflicts are currently favoring market growth. Moreover, various ongoing technological advancements, such as the integration of the Internet of Things (IoT), which enables communication between multiple sensors and connected devices and facilitates high-speed data connectivity, are currently boosting market growth. 5G services are rapidly being adopted in augmented reality (AR) for the efficient maintenance of gadgets, vehicles, and equipment to train military personnel, which is currently positively impacting market growth. Apart from this, the ongoing rapid upgrade of defense infrastructure and the ongoing implementation of various government initiatives to support 5G technology are some of the ongoing factors creating a positive outlook for the market.

Explore full report with Table of Contents: https://www.imarcgroup.com/5g-in-defense-market