The global 5G satellite communications market size is valued at USD 2.75 billion in 2021. It is projected to reach USD 29.06 billion by 2030, growing at a he CAGR of 29.09% during the forecast period (2022-2030). Increasing adoption of small satellites for applications such as geospatial and atmospheric research, tactical communications, and medium-resolution imagery in the defense industry is expected to drive market growth.
New York, USA, October 30, 2023 (Globe Newswire) — Increasing adoption of small satellites in defense industry for geospatial and atmospheric research, tactical communications, medium-resolution imagery, etc. is expected to drive market growth will be done. SATCOM solutions for improving airline operations and air traffic management are expected to drive market growth in the coming years.
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Main factors
The major factors driving the growth of the global 5G satellite communications market are the growing demand to accommodate various applications and overcome existing technical challenges. The performance parameters of the market are high bandwidth, low latency, high system spectral efficiency, and reduced energy consumption. To meet the technical requirements of 5G satellite communication networks, the strong demand for 5G networks across various applications is likely to increase efforts to upgrade the current infrastructure during the forecast period.
growth opportunity
Increasing demand for satellite communications in the maritime industry is expected to significantly contribute to the market growth. Increasing concerns about people’s safety at the border are directly linked to a growing and urgent need for communication. This is likely to have an impact on the growth of the maritime communications satellite market.
regional analysis
North America is expected to dominate the 5G satellite communications market during the forecast period. The presence of major companies committed to developing and providing 5G communications services and satellite connectivity is a key factor contributing to the region’s growth.
Main highlights
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global 5G satellite communication market size is projected to reach USD 29.06 billion by 2030, growing at a CAGR of 29.09% during the forecast period (2022-2030).
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Based on the type of satellite solution, the market is segmented into backhaul and tower feeds, trunking and headend feeds, communications on the move, and hybrid multiplay. Backhaul and tower feed satellite solution types are expected to lead the global 5G satellite communications market.
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Based on end user, the market is segmented into defense, government, commercial, and consumer. The commercial end-user segment is expected to account for the majority of his 5G satellite communications market share.
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Based on orbit segment, the market is segmented into low earth orbit (LEO), geostationary earth orbit (GEO), and medium earth orbit (MEO).Compared to medium earth orbit (MEO) and geostationary earth orbit (GEO), low earth orbit (LEO) will gain significant traction during the forecast period
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The spectral band segments are bifurcated by L and S bands (1-4GHZ), C and X bands (4-12GHZ), and Ku and Ka bands (12-40GHZ).
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The services segment is divided into mobile broadband, defense and government mission-critical communications, and satellite IoT.
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North America is expected to dominate the 5G satellite communications market during the forecast period.
Competitive analysis
The key key players in the global 5G satellite communications market are: SES SA, Intelsat SA, Avanti Communications Group plc, Eutelsat Communications SA, Omnispace LLC, OneWeb, China Satellite Communications Co., Ltd., AT&T Inc., ZTE Corporation, China Telecom, SK Telecom, T-Mobile, Ericsson, Jio, Thales Group, ST Engineering, Qualcomm, Gilat Satellite Networks, Telespazio Spa, MediaTek Inc., Marvell Technology Inc., GalaxySpace, Skyloom, Astrodome, Sateliot, Myriota, Vestaspace Technology, Eigencomm.
market news
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February 2022 – Jio Platforms, India’s leading digital service provider, and SES SA form a company called Jio Space Technology Limited to leverage satellite technology to deliver scalable, affordable, next-generation broadband services in India. We announced the establishment of a joint venture.
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January 2022 – Intelsat SA and Thales Alenia Space sign an agreement to build two software-defined satellites to power Intelsat’s global fabric of software-defined GEO connectivity and its 5G software-defined network . Two next-generation software-defined satellites, Intelsat 41 (IS-41) and Intelsat 44 (IS-44), are scheduled to become operational in 2025.
Global 5G Satellite Communications Market: Segmentation
By solution type
By end user
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defense
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government
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commercial
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consumer
in orbit
By spectral band
By service
By region
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North America
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Europe
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Asia Pacific
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Rest of the world
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