High growth expected in Asia-Pacific, led by LEO satellites and eMBB applications

Global 5G NTN market

DUBLIN, Jan. 23, 2024 (Globe Newswire) — By Components (Hardware, Software, Services), End-Use Industries (Marine, Aerospace & Defense, Government, Mining), Applications (eMBB, URLLC) “Global 5G NTN Market” (mMTC), Location (Urban, Rural, Remote, Isolated), Platforms and Regions – Forecast to 2028” report added ResearchAndMarkets.com Recruitment.

Latest insights into the fast-growing area of ​​non-terrestrial networks (NTN) predict a strong growth trajectory for the global 5G NTN market. The market size is estimated to surge from USD 4.2 billion to USD 23.5 billion and is expected to grow at a compound annual growth rate (CAGR) of 40.7% from 2023 to 2028. This significant growth confirms the market’s response to the demand for expansive 5G networks. Covering remote, rural, and underserved areas around the world.

Advances in satellite technology and the growing need for uninterrupted connectivity are driving the market to include High Altitude Platform Stations (HAPS), Geostationary Earth Orbit (GEO), Low Earth Orbit (LEO) satellites, and other devices that will revolutionize 5G NTN systems. We use the platform. These developments promise to bring significant benefits to end-use industries including the maritime, aerospace, defense and government sectors. The widespread adoption of smart devices and the need for seamless connectivity across multiple environments highlights the critical nature of these technologies in bridging the digital divide and enhancing global connectivity.

Dominant Market Segments and New Opportunities: Details on 5G NTN Growth Areas

The study reveals that the LEO satellite segment is poised to record higher CAGR during the forecast period. He emphasizes that LEO satellites play a pivotal role in public-private partnerships to close connectivity gaps and improve network performance. In particular, initiatives such as the Canadian government’s significant investment in Telesat to provide national coverage via its LEO satellite constellation demonstrate a progressive approach towards building a comprehensive 5G NTN system. I am.

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In terms of applications, enhanced mobile broadband (eMBB) is expected to maintain the largest market share throughout the forecast period. The focus when deploying eMBB within 5G NTN is to ensure high bandwidth, reasonable latency, and support high mobility, demonstrating key capabilities in extending superior broadband connectivity over large areas. Masu.

Asia Pacific is emerging as a hotspot for growth and innovation in the 5G NTN market. Countries such as India, China, Australia and New Zealand are particularly noteworthy, with competitive dynamics driving the expansion of his 5G NTN solutions. Public safety mandates and the deployment of advanced communications networks in the maritime sector are just a few examples of how this technology is reshaping regional connectivity.

Leadership and Innovation: A Snapshot of Market Participants

Consisting of numerous prominent companies and dynamic contributors, this market is witnessing a proliferation of strategies such as collaborations, product launches, and research initiatives. These efforts are shaping the competitive environment, with industry players working to promote his 5G NTN infrastructure.

The comprehensive analysis provided provides insights into the market drivers, constraints, and opportunities shaping the industry. This report details the implications of a software-centric approach, the challenges of extreme coverage extension, and the evolving interoperability between 3GPP and NTN.

• Study of market trends: Deep insights provide a detailed understanding of current market drivers, the impact of 5G integration, and NTN’s possible role in shaping the future 5G and 6G environment.

• Product Development and Innovation: The report highlights the latest technological advancements, research and development activities, and new product and service launches that are impacting the growth of the 5G NTN market.

• Market Diversification: Provides comprehensive data on new product services, untapped regions, and recent investments to help stakeholders identify growth opportunities.

• Competitive Assessment: A thorough assessment of market share, growth strategies, and services offered by major market players provides a deeper understanding of the competitive landscape.

The insights detailed in the report provide stakeholders with the information they need to navigate and take advantage of the pulsating dynamics of the 5G NTN market, aligning with go-to-market strategies and facilitating informed decision-making. It is intended to.

Key attributes:

Companies mentioned

• asto spacemobile

• Echostar Co., Ltd.

• Ericsson

• gate house

• global star

• inmarsat global

• intelsat

• keysight technology

• kuiper systems

• media tech

• Nelco

• nokia

• omnispace

• one web

• Qualcomm Technologies

• Radisis

• Rohde Schwarz

• Satelliot

• Seth

• Skylo

• Softbank Group

• spaceot

• space x

• Spirent Communications

• telefonica

• telesat

• Thales

• Viasat

• Zete

For more information on this report, please visit https://www.researchandmarkets.com/r/ly52sl.

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