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Satellite-based 5G Network Market Trends

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

Satellite-based 5G Network Market Trends

By increasing network performance and efficiency, the integration of Machine Learning (ML) and Artificial Intelligence (AI) into satellite-based 5G networks is transforming the sector. Predictive maintenance on satellites, network congestion prediction, and bandwidth allocation optimization are all achieved through the application of AI and ML algorithms. Reduction of latency and enhancement of reliability are essential for enabling applications such as Internet of Things (IoT), smart cities, and driverless vehicles. Furthermore, network operators may evaluate data and make decisions in real-time with the aid of AI-driven analytics. This enables them to dynamically adjust to changing circumstances and user demands, guaranteeing a superior user experience. For instance, in October 2023, One Web announced the successful integration of AI-driven network optimization into its satellite-based 5G systems. This development significantly improved bandwidth management and reduced latency, enhancing the overall user experience.
 

In the market for satellite-based 5G networks, one prominent trend is the deployment and growth of constellations, which are made up of hundreds to thousands of tiny satellites. By building massive constellations to give worldwide coverage, businesses, such as SpaceX, One Web, and Amazon's Project Kuiper, are leading the way. With the goal of closing the digital divide and advancing digital inclusion, these constellations will provide high-speed internet connectivity to underprivileged and isolated areas. Lower launch costs, growing demand for high-speed internet, and developments in satellite technology are driving the expansion. With dependable, low-latency internet services available everywhere, this trend has the potential to completely change the telecom industry. For instance, in March 2024, SpaceX launched an additional 60 satellites as part of its Starlink constellation, aiming to expand its satellite-based 5G coverage. This launch is part of an ongoing effort to provide reliable high-speed internet access worldwide, especially in remote areas.
 

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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