5G NTN Market Poised to Hit $17.01 Billion by 2029 with Accelerating Growth Trends

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5G NTN Market Size Growth Forecast: What to Expect by 2025?
The size of the 5G NTN market has witnessed remarkable expansion in the past few years, with forecasts predicting an increase from $3.66 billion in 2024 to $4.96 billion in 2025, equating to a compound annual growth rate (CAGR) of 35.7%. Factors such as the surge in mobile data traffic, the need for superior mobile broadband (EMBB), the rise in the use of IoT and smart devices, global attempts at standardization, and the advent of edge computing have all contributed to the growth witnessed during the historical period.

How Will the 5G NTN Market Size Evolve and Grow by 2029?
In the coming years, the 5G NTN market size is expected to grow phenomenally, reaching a staggering $17.01 billion by 2029 with a compound annual growth rate (CAGR) of 36.1%. The spike in growth during the forecast period is due to factors such as unique industrial applications, extensive machine type communication (MMTC), synchronization with satellite networks, progression in network slicing, and the introduction of private 5g networks. The forecast period will also witness trends such as the amalgamation of satellites with 5g networks, utilization of high-altitude platforms (haps), advances in edge computing, the advent of low earth orbit (LEO) satellite constellations, and industry-specific deployments.

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What Drivers Are Propelling the Growth of 5G NTN Market Forward?
The expansion of the 5G NTN market is expected to be fueled by an increase in connected devices. These are appliances that have internet connectivity and can interact with other gadgets on the network. The 5G-NTN technology, with its superior download and upload speeds, reduced latency, and larger capacity than previous mobile network generations, is perfectly suited for supporting a multitude of connected devices. For example, a report by the US-based National Association of Insurance Commissioners in January 2023 suggested that the escalating number of connected devices are expected to be integrated onto IoT platforms, which might escalate their value to $13.3 billion by 2025. Due to these technological advancements, the number of connected devices witnessed a sharp incline in 2021, and it's projected that this count will reach 500 million by the end of 2022. Hence, the growth of the 5G NTN market in the future is being propelled by the surge in connected devices.

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Which Emerging Trends Are Transforming the 5G NTN Market in 2025?
Technological progress is emerging as a critical trend in the 5G NTN marketplace. Major participants in the 5G NTN market are concentrating on the development of novel products to fortify their market standing. For example, in February 2023, Samsung, a mobile device manufacturing company based in South Korea, inaugurated a novel, secure, and standardized 5G non-terrestrial network. Samsung's NTN technology will enhance service interoperability and scalability for global telecom operators, mobile device makers, and chip manufacturing companies. This technology will be incorporated into Samsung's Exynos modem solutions, accelerating the commercial application of 5G satellite communications and paving the way for a 6G-powered Internet of Everything (IoE).

What Are the Key Segments in the 5G NTN Market?
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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Who Are the Key Players Shaping the 5G NTN Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the 5G NTN Market?
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

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