5G non-terrestrial networks (NTN) market size to grow by USD 18.35 billion, rising demand for data-intensive services and applications to boost market growth, Technavio

NEW YORK, Feb. 28, 2024 /PRNewswire/ -- The 5G Non-Terrestrial Networks (NTN) Market size is projected to increase by USD 18,347.83 million, at a CAGR of 39.19% between 2023 and 2028. Rising demand for data-intensive services and applications is the key factor driving market growth. As consumers demand data-intensive services like video streaming and cloud computing, 5G technology ensures faster, reliable connectivity. With low-latency networks supporting high-definition streaming, 5G networks enable seamless access to critical applications. The market's growth is driven by the evolving needs of consumers and businesses for efficient data delivery. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Company Analysis
Company Landscape - The market is fragmented, with the presence of several global as well as regional companies. A few prominent companies are Amazon.com Inc., Anritsu Corp., Avanti Hylas 2 Ltd., EchoStar Corp., Eutelsat Communications S.A., GateHouse Holding AS, Inmarsat Global Ltd., Intelsat US LLC, Iridium Communications Inc., Keysight Technologies Inc., 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. and others.

What's New? 

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Company Offerings -

• Amazon.com Inc.: The company offers 5G NTN solutions through its subsidiary Kuiper Systems LLC.
• Avanti Hylas 2 Ltd.: The company offers 5G NTN solutions through SaT5G project with the integration of satellite into 3GPP 5G testbed networks.
• EchoStar Corp.: The company offers 5G NTN solutions through their S band satellite enabled with the LoRa protocol for connecting very low cost, long lived devices.
• For details on the company and its offerings – Request a sample report

Segmentation Assessment

Segment Overview
The market share by the hardware segment will be significant during the forecast period. The demand for advanced hardware components, including satellite-based communication systems and massive MIMO antennas, is rapidly increasing. Satellites offer wide coverage, bridging the digital divide, while massive MIMO technology enhances network capacity. Significant investments in radio access network infrastructure further drive high-speed wireless connectivity solutions.

Geography Overview

North America accounts for 40% of market growth. North America leads in telecommunications, integrating terrestrial and non-terrestrial networks for seamless connectivity. The region prioritizes innovation, driving advancements in healthcare, transportation, and manufacturing. Governments support network development through regulatory frameworks and funding, boosting infrastructure investments. North America is committed to enhancing and expanding network deployment for continued growth. For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Market Dynamics

Primary Trends: Integration with existing MNO networks

The high cost of investments in infrastructure is a significant challenge hindering market growth. Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a 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 that will drive the growth of the market between 2024 and 2028
• Precise estimation of the size of the 5G NTN Market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies
• Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Analyst Review: 

The market represents a dynamic ecosystem integrating hardware, software, and services across various components, platforms, applications, and end-uses. Leveraging satellite-based solutions and terrestrial networks, 5G NTN enables global connectivity with a focus on disaster recovery, resilience, and smart city initiatives.

Further, it encompasses space-based 5G, serving diverse sectors like telecommunications, aerospace & defense, and remote sensing. With satellite technologies and ground stations, 5G NTN offers high-speed wireless access even in remote areas and marine environments.

Furthermore, key features include NR-NTN integration, bolstering capacity and network capabilities to accommodate concurrent users and high data rates. As architectural paradigms evolve and standardization progresses with 3GPP Release 17, 5G NTN continues to shape the future of wireless communication channels with encryption and eavesdropping protection, facilitating seamless connectivity for diverse applications and industries.  Download a Sample Report

Related Reports:

The 5G equipment market is forecast to increase by USD 56,716.75 million, at a CAGR of 66.5% between 2022 and 2027. 

The 5G MmWave technology market size is expected to increase to USD 674.1 million, at a CAGR of 31.8% from 2021 to 2026. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Sizes

Five Forces Analysis

Segmentation by Component 

Segmentation by Application

Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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