What are the Predictions for the Global 5G NTN Market?
The 5G NTN market has experienced exponential growth in recent years. It is expected to grow from $3.66 billion in 2024 to $4.96 billion in 2025 at a compound annual growth rate (CAGR) of 35.7%. The historic period’s growth can be attributed to a surge in mobile data traffic, demand for enhanced mobile broadband (EMBB), proliferation of IoT and smart devices, global standardization efforts, and the emergence of edge computing. The market size is anticipated to continue its upward trajectory, predicted to rise to $17.01 billion in 2029 at a CAGR of 36.1%. Tremendous growth during the forecast period is expected to be sparked by industry-specific use cases, massive machine type communication (MMTC), integration with satellite networks, advancements in network slicing, and commercialization of private 5g networks. Major trends include satellite integration with 5g networks, leveraging high-altitude platforms (haps), advancements in edge computing, the emergence of low earth orbit (LEO) satellite constellations, and industry-specific deployments.
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What Drives the Growth of the 5G NTN Market?
A significant driver accelerating the 5G NTN market’s growth is the rise in connected devices, appliances connected to the Internet and capable of communicating with other devices on the network. The superior speeds of 5G-NTN technology in terms of faster download and upload, reduced latency, and larger capacity compared to previous generations of mobile networks make it ideal for supporting many connected devices. For instance, according to a 2023 report by the National Association of Insurance Commissioners, a US-based standard-setting and regulatory support organization, increasing numbers of connected devices are anticipated to go onto IoT platforms, whose value is projected to reach $13.3 billion in 2025. This number of connected devices surged in 2021 and is anticipated to reach 500 million by the end of 2022, contributing to the growth of the 5G NTN market.
Major Segments of the Global 5G NTN Market:
1) By Component: Hardware, Solutions, Services
2) By Platform: UAS Platform, LEO Platform, GEO Platform, MEO Platform
3) By Application: Enhanced Mobile Broadband (EMBB), Ultra-Reliable Low-Latency Communication (URLLC), Massive Machine-Type Communications (MMTC)
4) By End-User: Maritime, Aerospace And Defense, Government, Mining, Other End-Users
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Which Key Players Dominate the 5G NTN Market?
Major companies operating in the 5G NTN market include Anritsu Corporation, AST and Science LLC, GateHouse SatCom A/S, Globalstar Inc., Gilat Satellites Network, EchoStar Corporation, Media Tek Inc., Nelco Limited, Inmarsat Global Limited, Nokia Corporation, OneWeb Network Access Associates Limited, Qualcomm Technologies Inc., Intelsat LLC, Rhode and Schwarz GmbH, Keysight Technologies Inc., Omnispace LLC, Telefonaktiebolaget LM Ericsson, Thales Group, SoftBank Group Corporation, SES S.A., ZTE Corporation, Spirent Communications, BAE Systems plc, Cobham plc, General Dynamics Corporation, Harris Corporation, Honeywell International Inc., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, Safran S.A., Airbus SE, Boeing Company.
Which Emerging Trends are Mapping the Future of the 5G NTN Market?
Technological advancements are paramount trends gaining traction in the 5G NTN market. Major players in the 5G NTN market are focusing on producing innovative products to strengthen their market position. For example, in February 2023, Samsung, a South Korea-based mobile device manufacturer, launched a new, secure, and standardized 5G non-terrestrial network. Samsung’s NTN technology will assist global telecom operators, mobile device manufacturers, and chip manufacturers in improving service interoperability and scalability. This technology will be integrated into Samsung’s Exynos modem solutions, accelerating the commercialization of 5G satellite communications and paving the way for the 6G-powered Internet of Everything (IoE).
Which Region is Set to Experience the Fastest Growth in the 5G NTN Market?
North America was the largest region in the 5G NTN market in 2024. But, Asia-Pacific is the region to watch, predicted to be the fastest-growing region in the global 5G NTN market during the forecast period. The regions covered in the 5g NTN market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
How Does The 5G NTN Global Market Report 2025 Define The Market?
A 5G non-terrestrial network (NTN) is a wireless communication network that utilizes satellites, drones, or other aerial platforms to deliver high-speed internet and other communication services. Operating in space or the upper atmosphere, 5G NTN allows for global coverage and increased capacity. The 5G NTN Global Market Report 2025 research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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