5G NTN Market Increasing Demand, Growth Analysis and Future Outlook by 2031

Global 5G NTN market is anticipated to grow at an exponential CAGR of 40.6% during the forecast period (2023-2031). Non-terrestrial networks can provide extended coverage and connectivity in areas where terrestrial infrastructure is limited or non-existent. Remote rural areas and demanding areas such as mountains, deserts and oceans can benefit from NTN for high-speed data services. By extending coverage, NTN helps bridge the digital divide and ensure connectivity in underserved areas. Moreover, the integration of NTN into 5G and 6G networks has the potential to greatly augment their capabilities. Through the redirection of traffic from ground-based networks to satellites or high-altitude platforms, NTN has the ability to alleviate network congestion and enhance overall performance. This becomes particularly vital in densely populated urban areas or during large-scale events where there is a significant demand for data-intensive applications and services.

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For instance, in February 2023, for direct communication between smartphones and satellites, particularly in distant places, Samsung Electronics Co., Ltd., has acquired standardized 5G NTN modem technology. Samsung intends to include this technology into its Exynos modem offerings, speeding up the commercialization of 5G satellite communications and laying the groundwork for the Internet of Everything (IoE) era, which will be driven by 6G. Therefore, these factors will enhance growth prospect for the industry. Rise in data consumption drives the need for robust and scalable connectivity solutions such as 5G NTN networks to support these demanding applications. In addition, industries such as manufacturing, logistics, healthcare, and utilities require robust, low-density networks for applications such as real-time analytics, automation, remote operations, and data-intensive processing It is important to support the tests for communication and coverage.

Market Coverage

• The market number available for - 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Application
o By Component
o By Location
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Keysight Technologies Inc., MediaTek Inc., Qualcomm Technologies Inc., and Thales Group. among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global 5G NTN Market Report Segment

By Application

• Enhanced Mobile Broadband (EMBB)
• Ultra Reliable and Low Latency Communications (URLCC)
• Massive Machine-Type Communications (MMTC)

By Component

• Hardware
• Solution
• Service

By Location

• Urban
• Rural
• Remote
• Isolated

By End-User

• Maritime
• Aerospace and Defense
• Government
• Mining

A full report of 5G NTN Market available @ https://www.omrglobal.com/industry-reports/5g-ntn-market

5G NTN Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Anritsu Corp.
• AST SpaceMobile
• EchoStar Corp.
• Gatehouse Satcom
• Gilat Satellite Networks Ltd.
• Inmarsat Plc
• Intelsat S.A.
• Nokia Corp.
• Omnispace
• Rohde & Schwarz GmbH & Co KG.
• SES S.A.

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.


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About Orion Market Research

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