new york, February 28, 2024 /PRNewswire/ — 5G Non-Terrestrial Network (NTN) market size is projected to grow by USD 18,347.83 million during 2023-2028 at a CAGR of 39.19%. Rising demand for data-intensive services and applications is driving the market growth. 5G technology ensures faster and more reliable connectivity as consumers demand data-intensive services such as video streaming and cloud computing. With low-latency networks that support high-definition streaming, 5G networks enable seamless access to critical applications. Market growth is driven by the evolving needs of consumers and businesses for efficient data delivery.Check out insights on market size historical period (2017-2021) and forecast (2023-2027) before purchasing the full report – Request a sample report
Technavio has published its latest market research report titled “Global 5G NTN Market 2024-2028”.
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Report scope |
detail |
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page number |
161 |
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base year |
2023 |
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historical era |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum and CAGR |
Accelerating at a CAGR of 39.19% |
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Market Growth 2023-2027 |
$18.34 billion |
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market structure |
fragmented |
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Year-on-year growth rate (%) |
36.4 |
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regional analysis |
APAC, Europe, North America, South America, Middle East, Africa |
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Contribute to the market |
40% in North America |
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Major countries |
US, China, India, UK, Germany |
Company analysis
Company landscape – The market is fragmented, with multiple global and regional players. Notable companies include Amazon.com Inc., Anritsu Corp., Avanti Hylas 2 Ltd., EchoStar Corp., Eutelsat Communications SA, GateHouse Holding AS, Inmarsat Global Ltd., Intelsat US LLC, Iridium Communications Inc., Keysight Technologies Inc. etc. , 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., among others.
what’s new?
- Special coverage on Russia–ukraine War; Global Inflation. Recovery analysis from the new coronavirus infection. Supply chain disruptions and global trade tensions.and the risk of recession
- Global competitiveness and position of major competitors
- Market Presence Across Multiple Geographical Footprints – Strong/Active/Niche/Minor – Buy the Report!
Company offerings –
- Amazon.com Inc.: The company provides 5G NTN solutions through its subsidiary Kuiper Systems LLC.
- Avanti Hylas 2 Ltd.: The company provides 5G NTN solutions through its SaT5G project, which integrates satellites into the 3GPP 5G testbed network.
- EchoStar Corp.: The company offers 5G NTN solutions through S-band satellites that can use the LoRa protocol to connect devices at very low cost and long life.
- To learn more about the company and its offerings, request a sample report.
Segmentation evaluation
Segment overview
The market share by hardware segment will grow significantly during the forecast period. Demand for advanced hardware components, such as satellite-based communication systems and massive MIMO antennas, is rapidly increasing. Satellites provide wide coverage to bridge the digital divide, and massive MIMO technology enhances network capacity. Significant investments in radio access network infrastructure are driving higher speed wireless connectivity solutions.
geography overview
North America Accounting for 40% of market growth. North America Leading the communications field, integrating terrestrial and non-terrestrial networks for seamless connectivity. The region prioritizes innovation and drives advancements in healthcare, transportation, and manufacturing. Governments support network development and encourage infrastructure investment through regulatory frameworks and funding. North America is working to strengthen and expand its network deployment for continued growth. For insights on global, regional and country-level parameters with growth opportunities from 2017 to 2027, download the sample report
Market trend
Key trend: Integration with existing MNO networks
of High cost of investing in infrastructure This is a serious challenge that hinders market growth. Drivers, trends, and challenges are the market dynamics factors that indicate business results and sustainability. Discover some insights from our free sample report.
What are the key data covered in this market report?
- CAGR of the market during the forecast period
- Detailed information on factors driving market growth from 2024 to 2028
- Accurate estimation of 5G NTN market size and market contribution with focus on parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- overall market growth North America,Asia Pacific, Europe, middle east and Africaand south america
- It thoroughly analyzes the competitive landscape of the market and provides detailed information about the companies.
- Comprehensive analysis of factors hindering the growth of market companies
- Get instant access to over 17,000 market research reports. Technavio’s SUBSCRIPTION platform
Analyst reviews:
The market represents a dynamic ecosystem that integrates hardware, software, and services across various components, platforms, applications, and end uses. 5G NTN leverages satellite-based solutions and terrestrial networks to enable global connectivity with a focus on disaster recovery, resilience, and smart city initiatives.
It also encompasses space-based 5G, serving various sectors such as communications, aerospace and defense, and remote sensing. 5G NTN leverages satellite technology and ground stations to provide high-speed wireless access even in remote locations and marine environments.
Additionally, key features include NR-NTN integration, enhanced capacity and network capabilities to support concurrent users and higher data rates. As architectural paradigms evolve and standardization progresses with 3GPP Release 17, 5G NTN will continue to shape the future of wireless communication channels with encryption and eavesdropping protection, facilitating seamless connectivity for a variety of applications and industries.Download sample report
Related reports:
The 5G equipment market is projected to grow by USD 56,716.75 million from 2022 to 2027 at a CAGR of 66.5%.
The 5G mmWave technology market size is expected to increase to $674.1 million from 2021 to 2026 at a CAGR of 31.8%.
table of contents:
executive summary
market scenery
Understanding market size
historical size
five forces analysis
Segmentation by component
Segmentation by application
Segmentation by geography
customer situation
geographical landscape
Drivers, challenges and trends
Company scenery
Company analysis
appendix
About us
Technavio is the world’s leading technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market position. Offers. With over 500 expert analysts, Technavio’s report library consists of over 17,000 reports covering 800 technologies across 50 countries, and growing. The company’s customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and gain a competitive advantage within the changing market scenario. is evaluating its status.
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