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5G NTN Market 2023 - By Industry Size, Growth Trends, Future Opportunities, Challenges And Forecast To 2032
5G NTN Market
5G NTN Market Size, Growth Rate, And Forecast
The global 5G NTN market size is expected to grow from $3.28 billion in 2022 to $4.51 billion in 2023 at a compound annual growth rate (CAGR) of 37.56%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global 5G NTN market size is expected to reach $11.72 billion in 2027 at a CAGR of 26.96%.
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5G NTN Market Drivers
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.
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5G NTN Market Segments
• By Component: Hardware, Solutions, Services
• By Platform: UAS Platform, LEO Platform, GEO Platform, MEO Platform
• By Application: Enhanced Mobile Broadband (EMBB), Ultra-Reliable Low-Latency Communication (URLLC), Massive Machine-Type Communications (MMTC)
• By End-User: Maritime, Aerospace And Defense, Government, Mining, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the 5G NTN market.
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5G NTN Market Key Players
Major competitors in the 5G NTN market include Anritsu Corporation, AST and Science LLC, GateHouse SatCom A/S, Globalstar Inc, Gilat Satellites Network, EchoStar Corporation.
The Business Research Company's "Global 5G NTN Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The 5G NTN Market Include:
1. Executive Summary
2. 5G NTN Market Characteristics
3. 5G NTN Market Trends And Strategies
4. 5G NTN Market - Macro Economic Scenario
5. 5G NTN Market Size And Growth
......................
26. Africa 5G NTN Market
27. 5G NTN Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The 5G NTN Market
29. 5G NTN Market Future Outlook and Potential Analysis
30. Appendix
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