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Satellite-based 5G Network Market Share

  • Report ID: GMI9983
  • Published Date: Jun 2024
  • Report Format: PDF

Satellite-based 5G Network Market Share

Lockheed Martin and Northrop Grumman hold a significant share of over 20% in the satellite-based 5G network industry. Lockheed Martin is a prominent American aerospace and defense company heavily involved in satellite-based 5G networks. It creates and produces cutting-edge satellites for navigation, communication, and Earth observation. The satellites manufactured by Lockheed Martin are essential for improving secure communications and high-speed data transfer around the world. The company's cutting-edge technologies and technological know-how greatly increase the possibilities of 5G networks, covering a wide range of applications from global commercial telecoms to military and government activities.
 

Northrop Grumman is a key player in the satellite-based 5G network market, specializing in the design and manufacture of advanced satellite systems. The corporation specializes in technologies related to space exploration, Earth monitoring, and satellite communications. The satellites manufactured by Northrop Grumman play a critical role in providing dependable and effective worldwide connectivity solutions, supporting a broad range of applications ranging from commercial telecommunications to defense and intelligence operations. The company's cutting-edge satellite solutions meet the rising need for high-speed internet access and communication capabilities while also helping to expand and improve 5G networks globally.
 

Satellite-based 5G Network Market Companies

Major players operating in the satellite-based 5G network industry are:

  • Airbus Defence and Space
  • Amazon (Project Kuiper)
  • Boeing
  • EchoStar Corporation
  • Eutelsat Communications
  • Globalstar, Inc.
  • Lockheed Martin
  • Northrop Grumman
     
Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for satellite-based 5G network was valued at USD 765.3 million in 2023 and is anticipated to grow at over 50% CAGR between 2024 and 2032 owing to the rising adoption of remote sensing.

The hardware segment in the satellite- based 5G network market and is expected to reach over USD 15 billion by 2032 as high-frequency antennas are essential for satellites and ground infrastructure to have reliable communication.

North America industry accounted for 35% market share in 2023, owing to the stringent regulatory framework encouraging innovations in satellite technology in the U.S., creating a competitive market environment.

Airbus Defence and Space, Amazon (Project Kuiper), Boeing, EchoStar Corporation, Eutelsat Communications, Globalstar, Inc., Lockheed Martin, and Northrop Grumman

Satellite-based 5G Network Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 305
  • Countries covered: 21
  • Pages: 210
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