Global 5G NTN Market Report and Forecast 2024-2032

Global 5G NTN Market Outlook

The global 5G NTN market size was approximately USD 4.51 billion in 2023. The market is further projected to grow at a CAGR of 34.7% in the forecast period of 2024-2032, reaching a value of around USD 65.87 billion by 2032.

Key Trends in the Global 5G NTN Market

The term 5G NTN refers to fifth generation (5G) non-terrestrial networks (NTN), where 5G network connectivity is facilitated through satellites and airborne vehicles such as drones. Usage of non-terrestrial networks enables seamless 5G connectivity and coverage, including in remote regions where traditional terrestrial networks may have limited reach while also enhancing reliability of the network.

• Rising demand for high-speed internet connectivity and the widespread use of smart devices are driving the 5G NTN market growth. Extensive penetration of the internet and its usage for various tasks are leading to a growing demand for fast, cost-effective, and reliable network.

• Integration of 5G NTN with traditional terrestrial networks for hybrid 5G infrastructure is among the key trends in the market for 5G NTN. Hybrid infrastructure facilitates improved performance of 5G networks, including in terms of reliability, bandwidth, coverage, connection density, and latency.

• Advancements in technology for 5G NTN and lowering costs of satellite deployment are anticipated to surge the 5G NTN market demand. As more satellite communication systems and airborne platforms are established, the reliability and availability of 5G NTN are expected to rise further.

Global 5G NTN Market Analysis

Based on component, the market is divided into hardware, solutions, and services. On the basis of platform, the market is classified into UAS platform, LEO satellite, MEO satellite, and GEO satellite. By application, the 5G NTN market segmentation is EMBB, URLLC, and MMTC. Based on location, the market is categorised into urban, rural, remote, and isolated.

On the basis of end use industry, the market is divided into maritime, aerospace and defence, government, and mining. The regional markets for 5G NTN are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global 5G NTN market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• 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

• Telefónica, S.A

• Others

Market Share by End Use Industry

As per the 5G NTN market analysis, the mining sector is one of the major end users of the technology since it ensures a reliable and high-speed wireless connectivity for mining operations and remote sites. As mining locations become more remote, availability of terrestrial networks may not be reliable, due to which there is a growing demand for 5G NTN.

Adequate connectivity is required in the mining sector for real-time communications, monitoring, and control. Advanced technologies and connected devices are increasingly being deployed in mining operations, further bolstering the demand for 5G NTN to manage different devices. The relatively lower costs of 5G NTN and easy setup are also encouraging its adoption in the mining sector.

Market Share by Region

At a regional level, the Asia Pacific accounts for a sizable portion of the global 5G NTN market share, supported by the large population in the region and increasing investments in infrastructure. Development of smart infrastructure and smart cities is on the rise, leading to increased adoption of 5G NTN to support security technologies and communication networks.

The growth of key end use industries in the Asia Pacific, including maritime and aerospace and defence, is further surging the demand for 5G NTN. Various countries are investing in 5G NTN for cost-effective connectivity in remote locations, particularly in areas prone to natural disasters and emergency situations, driving the growth of the regional 5G NTN market.

Competitive Landscape

Samsung Electronics, founded in 1969 as a division of the Samsung Group, is a manufacturer of a wide range of electronic devices, for consumer and industry users. Currently headquartered in Suwon, South Korea, the product portfolio of the company includes smartphones, air conditioners, televisions, and medical devices.

Gatehouse Satcom A/S., established in 1992 and based in Norresundby, Denmark, is an expert in embedded software and satellite communications. The company offers a variety of software products for satellite communications, including waveforms and test stools, with areas of expertise such as 5G NTN, DAMA/W, and BGAN.

Gilat Satellite Networks Ltd. is a telecommunications company with headquarters in Petah Tikva, Israel, which is involved in the development and sales of satellite ground stations and related products. Founded in 1987, the company provides solutions related to cellular, broadband, defence and government, and mobility, among others.

Other players considered in the 5G NTN market report are SoftBank Corp., Rohde & Schwarz USA, Inc., MediaTek Inc., ZTE Corporation, Omnispace, LLC, AST & Science, LLC, and Telefónica, S.A, among others.

Key Highlights of the Report