5G NTN Market Upcoming Trends, Regional Outlook and Forecast to 2030
Kings Research™ presents this information in its report titled, “5G NTN Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Application (EMBB, URLLC, MMTC), By Location (Urban, Rural, Remote, Isolated), By End Use (Maritime, Aerospace & Defense, Government, Mining, Others) and Regional Analysis, 2024-2031
5G NTN Industry was expected to be UUSD 4.99 billion in 2023, projected to rise at a compound annual growth rate CAGR of 30.60% from 2024 to 2031, and estimated to be USD 41.78 billion in 2031.
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Key Companies in 5G NTN Market
- SES S.A.
- EchoStar Corporation
- AST & Science, LLC
- oneweb.net.
- Rohde & Schwarz
- Gatehouse Satcom A/S
- Omnispace, LLC
- Thales
- Skylo
- Keysight Technologies
Strategic Collaborations and Technological Integration
The market's expansion is further accelerated by strategic partnerships and collaborations among satellite operators, telecommunications companies, and technology providers. These collaborations facilitate innovation and drive market growth by integrating terrestrial and non-terrestrial networks, thus opening new avenues for revenue generation and market differentiation.
By 2031, Europe is expected to bring in a significant amount of money—USD 9.66 billion. The region's multi-access edge computing (MEC) infrastructure and 5G NTN technological convergence are the primary drivers of this expansion. Thanks to this integration, European operators may now offer cutting-edge services like high-bandwidth, low-latency autonomous cars, augmented reality (AR), and virtual reality (VR).
Key Drivers of the 5G NTN Market
One of the primary drivers of the 5G NTN market is the demand for enhanced communication and IoT solutions, especially in rural, isolated, and maritime regions. NTNs play a critical role in enabling continuous, high-speed internet access, which is vital for industries such as maritime, aviation, defense, and emergency services. The expansion of autonomous systems, such as drones and vehicles, further underscores the need for seamless global connectivity that 5G NTNs can provide. The integration of AI and edge computing with NTNs enhances real-time data processing and decision-making capabilities, improving efficiency across various sectors.
Regional Growth and Opportunities:
Regionally, North America holds the largest share in the 5G NTN market due to its advanced technological infrastructure and significant investments in satellite communications. However, Asia-Pacific is emerging as the fastest-growing market, with a projected share of 26.78% by 2031. The region's rapid growth is fueled by substantial investments in satellite constellations, aerial platforms, and cross-border collaboration initiatives that ensure seamless connectivity and roaming services across diverse regulatory landscapes.
Applications and Opportunities
NTNs find applications in various sectors, ranging from telecommunications to military operations. The defense sector, in particular, benefits from the deployment of 5G NTNs for secure, low-latency communications and improved control of unmanned systems. Additionally, NTNs are vital in disaster management and emergency response scenarios where terrestrial networks are disrupted.
The commercial sector is also exploring the potential of 5G NTNs to deliver reliable internet access to remote areas, promoting economic growth and digital inclusion. Satellite constellations like Starlink and OneWeb are already laying the groundwork for broader applications of 5G in remote regions, providing opportunities for service providers and governments to collaborate in closing the digital divide.
Market Segmentation Insights
- Component: The hardware segment held the largest market share of 68.60% in 2023, driven by the increasing deployment of advanced communication infrastructure.
- Application: Enhanced Mobile Broadband (EMBB) generated the highest revenue of USD 2.55 billion in 2023, highlighting the growing demand for high-speed internet access.
- Location: The remote segment is anticipated to witness significant growth at a CAGR of 30.86% over the forecast period, reflecting the need for connectivity in isolated areas.
- End Use: The aerospace & defense segment is projected to account for a substantial share of 39.91% by 2031, underscoring the importance of secure and resilient communication networks in mission-critical operations
By Location:
The market is separated into four categories based on location: urban, rural, remote, and isolated. In 2023, the remote segment attracted the most share of 55.89%. Because of their tough geographic geography and sparse terrestrial infrastructure, remote places frequently have connectivity gaps that are difficult for traditional networks to fill.
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