5G NTN Trends and Forecast
The future of the global 5G NTN market looks promising with opportunities in the maritime, aerospace, defense, government, and mining markets. The global 5G NTN market is expected to reach an estimated $27.7 billion by 2030 with a CAGR of 33.2% from 2024 to 2030. The major drivers for this market are rising demand for data-intensive services and applications, growing adoption of 5G devices, as well as, governments and telecom firms are making significant investments in 5G infrastructure.5G NTN by Segment
The study includes a forecast for the global 5G NTN by component, end use industry, platform, application, and region.5G NTN Market by Component [Shipment Analysis by Value from 2018 to 2030]
- Hardware
- Solutions
- Services
5G NTN Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]
- Maritime
- Aerospace
- Defense
- Government
- Mining
5G NTN Market by Platform [Shipment Analysis by Value from 2018 to 2030]
- UAS Platform
- LEO Platform
- MEO Platform
- GEO Platform
5G NTN Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Enhanced Mobile Broadband (EMBB)
- Ultra Reliable and Low Latency Communications (URLCC)
- Massive Machine-Type Communications (MMTC)
5G NTN Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of 5G NTN Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G NTN companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G NTN companies profiled in this report include-- Qualcomm
- SoftBank Group
- Thales Group
- Keysight Technologies
- MediaTek
- Rohde & Schwarz
- Anritsu Corporation
- EchoStar Corporation
- ZTE Corporation
- Spirent Communications
5G NTN Market Insights
The publisher forecasts that solutions will remain the largest segment over the forecast period due to operators' increasing requirement to use 5G-based technology to provide better connectivity while keeping operating expenses to a minimum, as well as, an increasing number of important companies are offering test solutions to evaluate the affordability, efficiency, and dependability of systems prior to implementation.North America is expected to witness highest growth over the forecast period because the industry participants are making significant investments in R&D to provide affordable high-speed communication solutions and widespread 5G adoption in the United States.
Features of the Global 5G NTN Market
- Market Size Estimates: 5G NTN market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: 5G NTN market size by various segments, such as by component, end use industry, platform, application, and region in terms of value ($B).
- Regional Analysis: 5G NTN market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different component, end use industry, platform, application, and regions for the 5G NTN market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G NTN market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the 5G NTN market size?Answer: The global 5G NTN market is expected to reach an estimated $27.7 billion by 2030.
Q2. What is the growth forecast for 5G NTN market?
Answer: The global 5G NTN market is expected to grow with a CAGR of 33.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the 5G NTN market?
Answer: The major drivers for this market are rising demand for data-intensive services and applications, growing adoption of 5G devices, as well as, governments and telecom firms are making significant investments in 5G infrastructure.
Q4. What are the major segments for 5G NTN market?
Answer: The future of the global 5G NTN market looks promising with opportunities in the maritime, aerospace, defense, government, and mining markets.
Q5. Who are the key 5G NTN market companies?
Answer: Some of the key 5G NTN companies are as follows:
- Qualcomm
- SoftBank Group
- Thales Group
- Keysight Technologies
- MediaTek
- Rohde & Schwarz
- Anritsu Corporation
- EchoStar Corporation
- ZTE Corporation
- Spirent Communications
Answer: The publisher forecasts that solutions will remain the largest segment over the forecast period due to operators' increasing requirement to use 5G-based technology to provide better connectivity while keeping operating expenses to a minimum, as well as, an increasing number of important companies are offering test solutions to evaluate the affordability, efficiency, and dependability of systems prior to implementation.
Q7. In 5G NTN market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period because the industry participants are making significant investments in R&D to provide affordable high-speed communication solutions and widespread 5G adoption in the United States.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the 5G NTN market by component (hardware, solutions, and services), end use industry (maritime, aerospace, defense, government, and mining), platform (UAS platform, LEO platform, MEO platform, and GEO platform), application (enhanced mobile broadband (EMBB), ultra reliable and low latency communications (URLCC), and massive machine-type communications (MMTC)), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global 5G NTN Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Qualcomm
- SoftBank Group
- Thales Group
- Keysight Technologies
- MediaTek
- Rohde & Schwarz
- Anritsu Corporation
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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