Press release
5G From Space Market Shaping the Future of Communication Through Integration of Satellite and Terrestrial 5G Networks
5G From Space Market
According to the latest research by InsightAce Analytic, the Global 5G From Space Market is valued at 308.62 Mn in 2024, and it is expected to reach 45184.33 Mn by the year 2034, with a CAGR of 64.83% during a forecast period of 2025-2034.
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5G networks play a pivotal role in enabling governments and policymakers to transform urban areas into smart cities, thereby empowering residents to engage in and benefit from a sophisticated, digital, and data-driven economy. This evolution necessitates significant investments in the development and enhancement of passive infrastructure, including fiber optic networks and data centers. The rapid proliferation of the Internet of Things (IoT) has intensified the demand for robust connectivity to support a vast number of interconnected devices.
Additionally, the expansion of space-based services-such as satellite Earth observation, remote sensing, and emerging sectors like space tourism-requires reliable and high-speed communication infrastructure, which 5G delivered via satellite technology is well-positioned to provide. Amid escalating geopolitical tensions and evolving conflict scenarios, the integration of non-terrestrial communication technologies has become increasingly critical for defense organizations. Advanced 5G satellite communications enable defense agencies to enhance situational awareness, decision-making, and strategic operations. Furthermore, the absence of conventional network coverage in remote or challenging environments-such as deserts, oceans, and mountainous regions-further drives the adoption of satellite-enabled IoT solutions within the defense sector.
List of Prominent Players in the 5G From Space Market:
• OneWeb (U.K.)
• Omnispace(US)
• Qualcomm (U.S.)
• Ericsson (Sweden)
• Rohde &
• Schwarz (Germany)
• Lynk Global
• China Aerospace Science and Technology Corporation (CASC)
• Echostar Corporation
• SES S.A.
• Lockheed Martin Corporation
• keysight Technologies, Inc.
• Telesat
• Thales Alenia Space
• Gilat Satellite Networks
• Sateliot
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Market Dynamics:
Drivers:
5G satellite communication technologies hold significant potential to deliver affordable internet access and connectivity to remote and underserved regions worldwide. Governments, defense sectors, commercial enterprises, and end-users are increasingly embracing next-generation network solutions and satellite technologies to establish communication links in areas where traditional terrestrial networks are unavailable or impractical. These factors collectively contribute to the ongoing expansion of the market.
Challenges:
A notable challenge facing 5G satellite communications is the higher latency associated with data transmission from space compared to terrestrial 5G networks. This latency can adversely affect real-time applications such as online gaming and the remote control of critical systems, where delays may degrade user experience and operational efficiency. Although ongoing technological advancements and optimization strategies aim to minimize latency, effectively addressing this issue remains essential to enable 5G satellite services to support latency-sensitive use cases and meet the expectations of users for instantaneous and seamless interactions.
Regional Trends:
The Asia Pacific region is projected to command a substantial share of the 5G satellite communication market and is anticipated to exhibit strong compound annual growth in the coming years. This region has been a leader in adopting smart city initiatives and implementing Internet of Things (IoT) solutions. The deployment of 5G satellite technology is expected to play a crucial role in supporting the extensive network of IoT devices and sensors used in these applications, facilitating rapid data transfer and reliable communication. In parallel, North America has witnessed significant investments in 5G infrastructure and satellite communication systems, forming the foundation for 5G satellite technology. This advanced technological landscape enables the region to harness the benefits of 5G satellite connectivity, fostering seamless and dependable communication for businesses and consumers alike.
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Recent Developments:
• In Aug 2023, Dish and EchoStar decided to work together to connect people on Earth and in space. After governmental approvals were given for their all-stock deal, Dish shareholders owned 69% of the new group, and EchoStar shareholders owned the rest.
• In July 2022, Qualcomm Technologies, Inc. and Thales, a French aerospace company, intended to launch 5G onto a network of Earth-orbiting satellites. After conducting extensive research, including multiple studies and simulations, each party intended to test and validate 5G non-terrestrial networks (5G NTN) with smartphone use cases in mind.
Segmentation of 5G From Space Market-
By Component-
• Hardware
o Satellite
o User Terminal
• Service
By Vertical-
• Commercial and Government & Defense.
o Telecommunication
o Media & Entertainment
o Business & Enterprises
o Transportation & Logistics
o Scientific Research & Development
o Aviation
o Marine
o Retail & Consumer
o Others (energy & power, healthcare, mining & construction, agriculture & forestry).
• Government & Defense
o Homeland Security& Emergency Management
o Military
By Application-
• Enhanced Mobile Broadband (EMBB)
• Ultra-Reliable Low Latency (URLLC)
• Massive Machine Type Communication (MMTC).
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
Read Overview Report- https://www.insightaceanalytic.com/report/5g-from-space-market/1960
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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