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5G NTN Market Trends

Report ID: GMI8021
Published Date: Feb 2024
Report Format: PDF

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5G NTN Market Trends

Continuous advancements in satellite technology are expected to impact the 5G NTN industry. These could include innovations in satellite design, launch capabilities, and constellation architectures. For instance, in May 2023, in a noteworthy development for space-based 5G, China Telecom, ZTE, and SpaceIoT announced the successful completion of the industry's inaugural deployment of a 5G non-terrestrial network (NTN) in a marine environment. This milestone took place in Zhoushan, Zhejiang province, encompassing an archipelago of islands at the southern mouth of Hangzhou Bay. The accomplishment signifies the capability for satellite-ground interaction and service data transmission in diverse marine scenarios. It underscores the potential to provide real-time, multi-terminal, and multi-scenario services, including marine water quality monitoring, temperature and humidity monitoring, and emergency rescue on uninhabited islands.

Improved satellite technologies may lead to enhanced coverage, higher data transfer rates, and lower costs, making satellite-based 5G solutions more accessible and reliable for global connectivity.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for 5G NTN was USD 4.2 billion in 2023 and is expected to register over 35% CAGR from 2024-2032 owing to the escalating global connectivity requirements and increasing demand for ubiquitous and high-speed connectivity worldwide.

The hardware component segment held 45% share of the 5G NTN industry in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to the heightened need for advanced antennas, transceivers, and signal-processing equipment to ensure efficient communication.

North America held 35% share of the 5G NTN industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of advanced technological infrastructure along with the presence of robust ecosystem of aerospace and defense industries in the region.

Anritsu Corporation, Echostar Corporation, Ericsson, Intelsat, Keysight Technologies, Mediatek, Qualcomm Technologies, Rohde & Schwarz, Softbank Group, Thales Group, and ZTE Corporation are some of the major 5G NTN companies worldwide.