CHICAGO, July 11,
2024 /PRNewswire/ -- The 5G NTN Market is
expected to reach USD 31.7 billion by
2029 from USD 7.2 billion in 2024, at
a Compound Annual Growth Rate (CAGR) of 34.7% during 2024–2029,
according to a new report by MarketsandMarkets™.
Browse in-depth TOC on "5G NTN Market"
154 – Tables
54 - Figures
231 – Pages
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Scope of the Report
Report
Metrics
|
Details
|
Market size available
for years
|
2023-2029
|
Base year
considered
|
2023
|
Forecast
period
|
2024–2029
|
Forecast
units
|
Value (USD
Billion)
|
Segments
Covered
|
By offering (hardware,
software, services), by platform (UAS, LEO Satellite, MEO
satellite, GEO satellite), By application (eMBB, mMTC, URLLC), by
end-use industry (maritime, aerospace & defense, government,
mining, other end-use industries) by location (urban, rural,
remote, isolated)
|
Region
covered
|
North America, Europe,
Asia Pacific, Middle East & Africa, and Latin
America.
|
Companies
covered
|
Qualcomm Technologies
Inc (US), SoftBank Group Corporation (Japan), Thales Group
(France), Rohde & Schwarz GmbH & Co KG (Germany), Keysight
Technologies, Inc (US), MediaTek Inc. (Taiwan), SES S.A.
(Luxembourg), EchoStar Corporation (US), SpaceX (US), AST
SpaceMobile (US), ZTE Corporation (China), GateHouse SatCom
(Denmark), OneWeb (UK), Omnispace LLC (US), Nelco (India),
Skylo Technologies (US), Globalstar Inc (US), Spirent
Communications (UK), Ericsson (Sweden), Nokia Corporation
(Finland), Telefonica S.A. (Spain), Viasat Inc, (US), Telesat
(Canada), Kuiper Systems (US), Sateliot (Spain), VIAVI Solutions
(US), Radisys (US).
|
The 5G NTN Market is taking flight due to its ability to
revolutionize global connectivity. Unlike traditional networks with
limited reach, 5G NTN offers seamless, high-speed connections
across borders. This translates to smooth communication for
travelers, eliminates roaming worries, and empowers businesses to
collaborate globally. This enhanced global connectivity fosters
global trade, boosts tourism, and facilitates collaboration amongst
multinational corporations, driving significant growth in the 5G
NTN Market.
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Based on application, the eMBB segment to hold the largest
market size during the forecast period.
The eMBB segment within the 5G NTN Market is characterized by
its ability to deliver significantly higher data rates and capacity
than previous generations. This advancement enables seamless
ultra-high-definition video streaming, immersive virtual reality
experiences, and large file transfers in remote or underserved
areas where terrestrial networks struggle to provide adequate
coverage. By leveraging Non-Terrestrial Networks (NTN) such as
satellites and High Altitude Platforms (HAPs), eMBB solutions
overcome geographical barriers and ensure consistent high-speed
internet access across wide areas. This capability is crucial for
industries requiring robust connectivity, including media and
entertainment, where reliable and high-bandwidth data transmission
supports content distribution and live broadcasting without
interruptions.
By location, the isolated segment is expected to hold a
higher growth rate during the forecast period.
In isolated environments such as remote islands or harsh
terrains, 5G NTN solutions play a pivotal role in overcoming
connectivity challenges unique to these locations. Satellite
constellations provide reliable communication links for emergency
response, disaster recovery, and environmental monitoring. They
enable real-time data transmission for scientific research
expeditions, facilitating remote exploration and resource
management. Moreover, High Altitude Platforms (HAPs) offer flexible
and scalable connectivity options that adapt to the specific needs
of isolated communities, supporting sustainable development
initiatives and enhancing communication resilience in areas prone
to natural disasters or infrastructure limitations.
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Asia Pacific is expected to
hold a higher growth rate during the forecast period.
The 5G NTN Market in Asia-Pacific is expanding quickly due to
important technology advancements and calculated strategies.
China's launch of a new series of
high-orbit internet satellites in September
2023, including Chinasat 16, 19, and 26, underscores its
commitment to expanding internet coverage across China and neighboring regions, aligning with
the Belt and Road Initiative's infrastructure goals across
Asia, Africa, and Europe. Simultaneously, Ji's deployment of
over 115,000 5G sites in 2024 and Airtel's ambitious plan to
introduce 5G services in 300 cities in India highlights the region's robust adoption
of 5G NTN solutions. Japan's
collaboration between KDDI and SpaceX in September 2023 to introduce satellite-to-cellular
services using Starlink satellites further illustrates the region's
proactive approach to bridging connectivity gaps, particularly in
remote areas. Together, these developments establish Asia-Pacific as the 5G NTN Market's
fastest-growing region, propelled by creative installations and a
resolute commitment to improving connection infrastructure.
Top Key Companies in 5G NTN Market:
The major vendors covered in the 5G NTN Market are Qualcomm
Technologies Inc (US), SoftBank Group Corporation (Japan), Thales Group (France), Rohde & Schwarz GmbH & Co KG
(Germany), Keysight Technologies,
Inc (US), MediaTek Inc. (Taiwan),
SES S.A. (Luxembourg), EchoStar
Corporation (US), SpaceX (US), AST SpaceMobile (US), ZTE
Corporation (China), GateHouse
SatCom (Denmark), OneWeb
(UK), Omnispace LLC (US), Nelco (India), Skylo Technologies (US), Globalstar
Inc (US), Spirent Communications (UK), Ericsson (Sweden), Nokia Corporation (Finland), Telefonica S.A. (Spain), Viasat Inc, (US), Telesat
(Canada), Kuiper Systems (US),
Sateliot (Spain), VIAVI Solutions
(US), Radisys (US). These players have adopted various growth
strategies, such as partnerships, agreements and collaborations,
new product launches, enhancements, and acquisitions to expand
their footprint in the 5G NTN Market.
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