The Business Research Company’s report on the 5G NTN Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the 5g ntn market?
The rise in connected devices is expected to propel the growth of the 5G NTN market. Any appliance that is connected to the Internet and may communicate with other devices on the network is referred to as a connected device. 5G-NTN technology provides faster download and upload speeds, reduced latency, and larger capacity than previous generations of mobile networks, making it ideal for supporting many connected devices. For instance, in January 2023, according to the 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 would increase to $13.3 billion in 2025. These technologies caused a sharp rise in the number of devices connected in 2021, and it is anticipated that this number will reach 500 million by the end of 2022. Therefore, the rise in connected devices is driving the growth of the 5G NTN market going forward.
Access Your Free Sample of the Global 5G NTN Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10048&type=smp
How has the 5g ntn market size evolved, and what are the latest forecasts for its expansion?
The 5G NTN market size has grown exponentially in recent years. It will grow from$3.66 billion in 2024 to $4.96 billion in 2025 at a compound annual growth rate (CAGR) of 35.7%. The growth in the historic period can be attributed to mobile data traffic surge, demand for enhanced mobile broadband (EMBB), IoT and smart devices proliferation, global standardization efforts, emergence of edge computing
The 5G NTN market size is expected to see exponential growth in the next few years. It will grow to “$17.01 billion in 2029 at a compound annual growth rate (CAGR) of 36.1%. The growth in the forecast period can be attributed to industry-specific use cases, massive machine type communication (MMTC), integration with satellite networks, advancements in network slicing, commercialization of private 5g networks. Major trends in the forecast period include satellite integration with 5g networks, leveraging high-altitude platforms (haps), advancements in edge computing, emergence of low earth orbit (LEO) satellite constellations, industry-specific deployments.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=10048&type=smp
Which major companies 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
What trends will shape the future of the 5g core market?
Technological advancements are the key trend gaining popularity in the 5G NTN market. Major players in the 5G NTN market are focusing on producing innovative products to strengthen their market position. For instance, 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, speeding the commercialization of 5G satellite communications and opening the road for the 6G-powered Internet of Everything (IoE).
Which region dominates the 5g ntn market, and what factors contribute to its leadership?
North America was the largest region in the 5G NTN market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global 5G NTN market report 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
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/5g-ntn-global-market-report
How is the 5g ntn market segmented, and which segment holds the largest share?
The 5G NTN market covered in this report is segmented –
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
Subsegments:
1) By Hardware: Satellite Payloads, Antennas, Transceivers, Modems, Other Hardware Components
2) By Solutions: Network Management, Integration And Deployment Solutions, Other Solutions
3) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance Services
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10048
What defines the structure and scope of the 5g ntn market?
A 5G non-terrestrial network (NTN) is a wireless communication network that uses satellites, drones, or other aerial platforms to provide high-speed internet and other communication services. 5G NTN operates in space or the upper atmosphere, allowing for global coverage and increased capacity.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
