5G Non-Terrestrial Networks Market Report on the Untapped Growth Opportunities in the Industry

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global 5G Non-Terrestrial Networks Market Size, Share & Trends Analysis Report By Component Type (Hardware, Solutions, Services), By Platform (Unidentified Aerial System (UAS) Platform, Low-Earth Orbit (LEO) Satellite, Medium Earth Orbit (MEO) Satellite, Geosynchronous Equatorial Orbit (GEO) Satellite), By Application (Enhanced Mobile Broadband (EMBB), Ultra Reliable Low Latency Communications (URLLC), Massive Machine Type Communications (MMTC)), By Location (Urban, Rural, Remote, Isolated), By End User (Aerospace & Defense, Government, IT & Telecom, Mining, Maritime), Region, Market Outlook And Industry Analysis 2031"

The global 5G Non-Terrestrial Networks market is estimated to reach over USD 50.44 billion by 2031, exhibiting a CAGR of 34.5% during the forecast period.

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The methods of Non-Terrestrial Networks (NTN) for seamless network connectivity have evolved due to the current expanding innovations and growth in network applications by numerous businesses. Opportunities to include non-terrestrial networks (NTN) in an interoperable, standardized wireless experience are emerging thanks to recent developments in 5G standards. The market growth has accelerated significantly in recent years due to the ongoing development of technology. For instance, Key Technologies Inc., a technology company based in the United States that offers cutting-edge design and validation solutions to connect, started working with Qualcomm Technologies Inc. in January 2023 to introduce an end-to-end NTN connection. Additionally, on February 2023, the Memorandum of Understanding (MoU) to develop space-based 5G mobile communications voice and data services was announced by Omnispace, the firm dealing with mobile connections for the 21st century, and STC Group, a digital enabler in the Middle East and Africa region. In addition to its current cellular land-based network, the business intends to use the Omnispace 3GPP-compliant 5G Non-Terrestrial Network (NTN) to provide customers with affordable global access. By providing users with seamless, direct-to-device mobile communications connectivity throughout the Kingdom of Saudi Arabia, such advances are enabling the inclusion of underserved regions. Thus, the market for 5G non-terrestrial networks is expected to rise throughout the course of the projected period due to increasing innovation and strategic development.

List of Prominent Players in the 5G Non-Terrestrial Networks Market:
• Qualcomm Technologies Inc.
• Thales Group
• Softbank Group Corporation
• Keysight Technologies Inc.
• MediaTek lnc.
• ZTE Corporation
• Anritsu Corporation
• Rohde & Schwarz GmbH & Co KG
• Omnispace LLC
• EchoStar Corporation

Market Dynamics:
Drivers-
There has never been a more pressing need for satellite-based communication to be incorporated into 5G specifications. A new era in mobile networks and worldwide communications will be ushered in by the 5G NB-IoT NTN specifications, allowing a variety of sectors to provide services globally via smooth 5G connectivity, even in remote areas with the patchy network coverage. Gas, oil, maritime, and agricultural sectors can all benefit substantially from a fast space-based connection. An unstable and unpredictable supply chain, for instance, results from the marine sectors' connectivity and visibility issues as container ships travel across the ocean. These companies are the target of NB-IoT improvements to 3GPP's NTN specifications, which are intended to overcome the problems they presently experience due to limited TN coverage.

Challenges:
One of the major problems for URLLC applications and crucial communications is the propagation delay, which has a substantial impact on system performance in NTN communications. Public safety, Le. Propagation delay is defined as the latency from the NTN gateway to the NTN terminal (regenerative payload) via the spaceborne or airborne platform (transparent payload), or vice versa. Due to the considerable distance between terrestrial UE and the satellite, the procedure results in lengthy latency. The NTN platform altitude, NTN gateway position and elevation angle, and NTN terminal position all have an impact on the propagation delay.

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Regional Trends:
The growth of the 5G NTN market in the Asia Pacific region is significantly attributed to a large population, rising infrastructure, and developing technologies. The need to improve public safety in emergency and disaster situations has a huge impact on the adoption of 5G NTN technologies in this region. As a result of the region's rise in smart infrastructures, such as efforts for smart cities, there is an increasing demand for public security and safety technologies such as surveillance technology, scanning and screening equipment, and crucial communication networks. Several sectors, including aerospace, maritime, defense, and others, are putting integrated 5G networking and satellite-based solutions into place to boost network coverage in varied locations. The marine industry has embraced maritime satellite technology to connect with staff members operating in far offshore areas using cutting-edge communication networks.

Recent Developments:
• In February 2023, Samsung Electronics Co., Ltd., a leader in innovative semiconductor technology, acquired standardized 5G non-terrestrial networks (NTN) modem technology enabling direct connection between smartphones and satellites, particularly in remote areas. As part of its Exynos modem lineup, Samsung plans to integrate this technology, which will hasten the commercialization of 5G satellite communications and create the foundation for the Internet of Everything (IoE) future, which will be powered by 6G.

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Segmentation of 5G Non-Terrestrial Networks Market-
By Component Type
• Hardware
• Solutions
• Services
By Platform
• Unidentified Aerial System (UAS) Platform
• Low-Earth Orbit (LEO) Satellite
• Medium Earth Orbit (MEO) Satellite
• Geosynchronous Equatorial Orbit (GEO) Satellite
By Application
• Enhanced Mobile Broadband (EMBB)
• Ultra Reliable Low Latency Communications (URLLC)
• Massive Machine Type Communications (MMTC)
By Location
• Urban
• Rural
• Remote
• Isolated
By End User
• Aerospace & Defense
• Government
• IT & Telecom
• Mining
• Maritime
• Other
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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