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5G NTN Market Anticipated To Witness Robust Growth, Surpassing $17.01 Billion By 2029
5G NTN
What Is the Current 5G NTN Market Size and Its Estimated Growth Rate?
The 5G NTN Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current 5G NTN Market Size and Its Estimated Growth Rate?
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How Are Emerging Segments Shaping the 5G NTN Market Landscape?
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
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Which Growth Factors Are Influencing 5G NTN Market Expansion?
The surge in devices linked to the internet is set to drive the expansion of the 5G NTN industry. A connected device is essentially any gadget that can connect to the internet and communicate with other devices on the network. The 5G-NTN technology, superior to preceding mobile networks, offers quicker download and upload speeds, minimised latency, and greater capacity, making it perfectly suited to support a vast number of connected devices. As an example, a report from the National Association of Insurance Commissioners, a US regulatory organization, predicted in January 2023, a rise in connected devices to be integrated onto IoT platforms, which are projected to inflate in value to $13.3 billion by 2025. The advent of these technologies resulted in a substantial increase in the number of connected devices in 2021, with projections suggesting this figure will reach 500 million by the conclusion of 2022. Consequently, the growth of linked devices is steering the advancement of the 5G NTN market in the near future.
Who Are the Dominant Players Across Different 5G NTN Market Segments?
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 Are the Latest Developing Trends in the 5G NTN Market?
Technological progression is the latest trend catching attention in the 5G NTN market. Leading entities in the 5G NTN market are concentrating on creating ingenious goods to solidify their market standing. For example, Samsung, a mobile device maker based in South Korea, unveiled a safe and standardized 5G non-terrestrial network in February 2023. Samsung's NTN technology will support global telecom operators, mobile device makers, and chip makers in enhancing service consistency and scalability. This technology will be combined with Samsung's Exynos modem solutions, hastening the adoption of 5G satellite communications and paving the way for a 6G-enabled Internet of Everything (IoE).
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Which Geographic Regions Are Expected to Dominate the 5G NTN Market in the Coming Years?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 5G NTN Market?
2. What is the CAGR expected in the 5G NTN Market?
3. What Are the Key Innovations Transforming the 5G NTN Industry?
4. Which Region Is Leading the 5G NTN Market?
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