Home > Media & Technology > Information Technology > IT Services > 5G From Space Market

5G From Space Market Share

Report ID: GMI10420
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

5G From Space Market Share

Key players in the 5G from space industry are focusing on strategic partnerships and collaborations with telecom operators to enhance connectivity solutions. They are heavily investing in satellite technology and infrastructure to provide reliable low latency services. Additionally, companies are prioritizing the development of innovative payloads and ground systems to support the 5G applications. Expanding coverage in remote and underserved areas is a crucial strategy to capture new market segments. The companies are leveraging regulatory frameworks & policy advocacy to ensure compliance and promote industry growth.

5G From Space Market Companies

Major players operating in the 5G from space industry are:

Lockheed Martin
Boeing
Thales Alenia Space
Airbus Defence and Space
Northrop Grumman

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of 5G from space reached USD 388 million in 2023 and is set to record a CAGR of over 44% between 2024 & 2032, backed by the growing need for high-speed internet access, especially in remote & underserved areas.

The hardware segment is expected to reach a value of over USD 5,500 million by 2032, as it is crucial for establishing reliable connectivity and enabling high-speed data transmission between satellites & end users.

North America market accounted for 27% of the revenue share in 2023, driven by significant investments from leading companies including SpaceX and Amazon, alongside the deployment of LEO satellite constellations to enhance broadband access and connectivity.

Lockheed Martin, Boeing, Thales Alenia Space, Airbus Defence and Space, and Northrop Grumman among others.