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The 5g ntn market size is valued to increase USD 18.35 billion, at a CAGR of 39.19% from 2023 to 2028. Rising demand for data-intensive services and applications will drive the 5g ntn market.
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The 5g ntn industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The hardware segment is estimated to witness significant growth during the forecast period.
The 5G Non-Terrestrial Network (NTN) market is experiencing substantial growth, particularly in the hardware segment. Satellite-based communication systems are a key driver of this expansion, as they provide extensive coverage and enable 5G connectivity in areas where terrestrial networks are limited. This is crucial for bridging the digital divide and ensuring universal Internet access. Propagation modeling and authentication mechanisms are essential components of these satellite-based solutions. Performance evaluation and system integration are also critical for ensuring seamless communication and minimal latency. Massive MIMO technology and non-terrestrial networks are being integrated to enhance network capacity and coverage.
Network management systems, edge computing, and power efficiency are other significant trends in the market. Data rate and network security are essential considerations for these systems, with link budgets and deployment strategies being optimized to minimize signal interference. Data encryption, inter-satellite links, network slicing, and spectrum allocation are all crucial aspects of securing and managing these networks. Satellite gateways, latency optimization, and IoT connectivity are also gaining traction in the market. Machine-type communication (MTC) and 5G satellite communication are expected to revolutionize industries such as transportation, energy, and healthcare. According to recent studies, the market is projected to grow by 30% in the next year.
Additionally, long-term industry expectations suggest a potential expansion of up to 45% over the next five years. These figures underscore the significant potential of this market and its role in shaping the future of global connectivity. Key players in the market are investing heavily in research and development, focusing on advancing technologies such as satellite constellations, ground segment infrastructure, security protocols, and spectrum allocation. These efforts are expected to lead to further growth and innovation in the sector. In conclusion, the market is experiencing rapid growth, driven by the deployment of satellite-based communication systems. Key trends include the integration of massive MIMO, network management systems, edge computing, and power efficiency.
The market is projected to expand significantly in the coming years, with a potential growth rate of up to 45%.
The Hardware segment was valued at USD 462.84 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 40% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The 5G Non-Terrestrial Network (NTN) market in North America is experiencing substantial growth, positioning it at the forefront of the region's telecommunications industry. 5G NTN represents the integration of terrestrial and non-terrestrial networks, providing seamless connectivity and extended 5G network coverage. North America's focus on innovation and digital transformation fuels the market's expansion. Three key factors contributing to this growth include the increasing demand for high-speed and dependable internet connectivity, the proliferation of IoT devices, and the adoption of edge computing.
According to recent reports, the number of IoT devices in North America is projected to reach 1.9 billion by 2025. Additionally, edge computing is expected to account for over 25% of all data processing by 2022. These trends underscore the significance of 5G NTN in revolutionizing sectors like healthcare, transportation, and manufacturing.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market encompasses the design, development, and implementation of satellite constellations, communication protocols, and ground segment infrastructure for next-generation, low-earth orbit (LEO), medium-earth orbit (MEO), and geostationary orbit (GEO) satellite networks. This market is poised to revolutionize industries by enabling IoT device connectivity via 5G Ntn, reducing latency through hybrid network architectures, and ensuring security and privacy with advanced encryption measures. LEO satellite networks, such as SpaceX's Starlink, offer high-speed, low-latency performance, making them a preferred choice for various applications. In contrast, MEO satellite communication protocols, like Inmarsat's Global Xpress, provide extended coverage and reliable connectivity for maritime and aeronautical communication solutions.
GEO satellite backhaul capacity plays a crucial role in extending 5G Ntn reach to remote areas, ensuring uninterrupted communication for disaster relief systems and ground-based infrastructure. The market faces several challenges, including system integration, latency reduction, and spectrum allocation. System integration requires seamless collaboration between satellite and terrestrial networks, while latency reduction techniques, such as edge computing and network slicing, are essential for real-time applications. Spectrum allocation strategies play a vital role in optimizing network performance and ensuring efficient resource utilization. The market is witnessing significant growth, with more than 60% of new product developments focusing on satellite ground segment infrastructure design and optimization.
The satellite gateway market, in particular, is expected to experience substantial growth due to the increasing demand for high-speed, low-latency satellite connectivity. Furthermore, the market is expected to see a significant increase in the adoption of 5G Ntn for remote sensing data transmission and real-time monitoring applications. Compared to traditional satellite communication systems, 5G Ntn offers improved performance, reduced latency, and enhanced security features. For instance, 5G Ntn satellite gateways are expected to offer up to 10 times faster data transfer rates compared to their predecessors. This improvement is crucial for applications requiring real-time data processing and analysis, such as autonomous vehicles and precision agriculture.
In conclusion, the market represents a significant opportunity for businesses and organizations seeking to leverage advanced satellite communication technologies for various applications. With its focus on low-latency, high-speed connectivity, security, and scalability, 5G Ntn is poised to transform industries and drive innovation in sectors such as IoT, disaster relief, maritime, aeronautical, and remote sensing.
The 5g ntn market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the 5g ntn market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of 5G NTN Industry
Companies are implementing various strategies, such as strategic alliances, 5g ntn market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Amazon.com Inc. - A leading technology firm introduces 5G Neutrally-Neutral Third Party (NTN) solutions via its subsidiary, Kuiper Systems LLC. This strategic move underscores the company's commitment to advanced connectivity services, enabling seamless network integration for diverse communication needs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled 5G NTN Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
161 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 39.19% |
Market growth 2024-2028 |
USD 18347.83 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
36.4 |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the 5G NTN Market between 2024 and 2028?
USD 18.35 billion, at a CAGR of 39.19%
What segmentation does the market report cover?
The report segmented by Component (Hardware, Software, and Service), Application (EMBB, MMTC, and URLCC), and Geography (North America, APAC, Europe, Middle East and Africa, and South America)
Which regions are analyzed in the report?
North America, APAC, Europe, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Rising demand for data-intensive services and applications, High cost of 5G NTN and investments in infrastructure
Who are the major players in the 5G NTN Market?
Key Companies Amazon.com Inc., Anritsu Corp., Avanti Hylas 2 Ltd., EchoStar Corp., Eutelsat Communications S.A., GateHouse Holding AS, Inmarsat Global Ltd., Intelsat US LLC, Iridium Communications Inc., Keysight Technologies Inc., NELCO Ltd., Nokia Corp., Rohde and Schwarz GmbH and Co. KG, SES SA, Space Exploration Technologies Corp., Spirent Communications plc, Telesat Corp., Thales Group, ZTE Corp., and Qualcomm Inc.
We can help! Our analysts can customize this 5g ntn market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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