Global 5G NTN Market to Grow at a CAGR of 34.7% During 2024-2032, Aided by the Growing Demand for High-Speed Connectivity

5G NTN or fifth-generation non-terrestrial networks are networks facilitating 5G connectivity through satellites and airborne vehicles like drones. This technology allows for seamless 5G coverage, especially in remote areas where traditional networks have limited reach, while also improving network reliability. The 5G NTN market is being driven by rapid technological advancements and the growing internet penetration.

The market benefits from the rising demand for high-speed internet and the increasing use of smart devices. A key trend is the integration of 5G NTN with traditional networks to create a hybrid infrastructure that enhances network performance, including reliability, bandwidth, and reduced latency. Technological advancements and decreasing costs of satellite deployment are also expected to boost the demand for 5G NTN as more satellite and airborne systems are developed.

Figure: Mid-Band Coverage Split by Region, 2023

In August 2024, Sateliot successfully launched four new satellites via the SpaceX Transporter-11 mission to expand its 5G NB-IoT NTN constellation. The company aims for global mobile telecom coverage. The launch took place on August 16 from Vandenberg Air Force Base, with a special event in Barcelona featuring key stakeholders and live coverage.

Market Breakup by Component, Platform, Application, Location, End Use Industry, and Region:

• Based on components, the market is divided into hardware, solutions, and services. 
• The market by platform is segmented into UAS platform, LEO satellite, MEO satellite, and GEO satellite.
• Based on application, the market is divided into EMBB, URLLC, and MMTC.
• The market by location is segmented into urban, rural, remote, and isolated.
• By end use industry, the market is segmented into maritime, aerospace and defence, government, and mining.
• Region-wise, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• 5G non-terrestrial networks (NTN) use satellites and drones to provide 5G connectivity, particularly in remote areas, enhancing coverage and network reliability.
• The demand for 5G NTN is growing due to the need for high-speed internet and the increased use of smart devices.
• Integrating 5G NTN with traditional networks for a hybrid infrastructure is a key trend that improves network performance.
• Globally, 5G coverage varies significantly, with North America and China leading in both total and mid-band 5G coverage, while regions like Latin America and the Middle East and Africa have much lower coverage levels.

Key Offerings of the Report:

• The EMR report gives an overview of the global 5G NTN market for the periods (2018-2023) and (2024-2032).
• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the component, platform, application, location, end-use industry, and major regions of the market.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global 5G NTN market are Samsung Electronics, Gatehouse Satcom A/S., Gilat Satellite Networks Ltd., SoftBank Corp., Rohde & Schwarz USA, Inc., MediaTek Inc., ZTE Corporation, Omnispace, LLC, AST & Science, LLC, and Telefónica, S.A, amongst others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790