This report describes and explains the 5G NTN market and covers 2023-2028, 2033F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global 5G NTN market reached a value of nearly $304.78 million in 2023. The market is expected to grow from $304.78 million in 2023 to $12.47 billion in 2028 at a rate of 110.11%. The market is then expected to grow at a CAGR of 36.66% from 2028 and reach $59.48 billion in 2033.
Going forward, strong economic growth, government initiatives, growing maritime industry, rise in use of smart phones, increased number of connected devices will drive the market. Factors that could hinder the growth of the 5G NTN market in the future include high cost of raw materials.
The 5G NTN market is segmented by component into hardware, solutions and services. The solutions market was the largest segment of the 5G NTN market segmented by component, accounting for 45.6% or $138.84 million of the total in 2023. Going forward, the services segment is expected to be the fastest growing segment in the 5G NTN market segmented by component, at a CAGR of 111.28% during 2023-2028.
The 5G NTN market is segmented by platform into UAS platform, LEO platform, GEO platform and MEO platform. The LEO platform market was the largest segment of the 5G NTN market segmented by platform, accounting for 71.8% or $218.95 million of the total in 2023. Going forward, the LEO platform segment is expected to be the fastest growing segment in the 5G NTN market segmented by platform, at a CAGR of 106.60% during 2023-2028.
The 5G NTN market is segmented by application into enhanced mobile broadband (EMBB), ultra-reliable low-latency communication (URLLC), massive machine-type communications (MMTC). The enhanced mobile broadband (EMBB) market was the largest segment of the 5G NTN market segmented by application, accounting for 41.6% or $126.72 million of the total in 2023. Going forward, the massive machine-type communications (MMTC) segment is expected to be the fastest growing segment in the 5G NTN market segmented by application, at a CAGR of 112.46% during 2023-2028.
The 5G NTN market is segmented by end-user into maritime, aerospace and defense, government, mining and other end-users. The aerospace and defense market was the largest segment of the 5G NTN market segmented by end-user, accounting for 35% or $106.65 million of the total in 2023. Going forward, the aerospace and defense segment is expected to be the fastest growing segment in the 5G NTN market segmented by end-user, at a CAGR of 112.43% during 2023-2028.
The top opportunities in the 5G NTN market segmented by component will arise in the solutions segment, which will gain $5.66 billion of global annual sales by 2028. The top opportunities in the 5G NTN market segmented by platform will arise in the LEO platform segment, which will gain $8.02 billion of global annual sales by 2028. The top opportunities in the 5G NTN market segmented by application will arise in the enhanced mobile broadband (EMBB) segment, which will gain $5.16 billion of global annual sales by 2028. The top opportunities in the 5G NTN market segmented by end-user will arise in the aerospace and defense segment, which will gain $4.5 billion of global annual sales by 2028. The 5G NTN market size will gain the most in the USA at $3.04 billion.
Market-trend-based strategies for the 5G NTN market include focusing on developing standardized 5G NTN modem technology, developing innovative technological solutions in NTN and high-altitude platforms (HAPs) to support 5G and 6G satellite communication, focusing on developing innovative products, such as 10 5G-A products. 10 5G-A products refer to solutions that fall under the category of 5G-A (5G Accelerator), focusing on developing next generation satellite IoT (Internet of Things) solutions, to provide uninterrupted remote monitoring and asset tracking capabilities and strategic partnership approach to leverage expertise, resources and capabilities for the development and deployment of advanced 5G technologies.
Player-adopted strategies in the 5G NTN market include focus on launching new products and bring innovations to stay ahead of competitors and develop the business expertise and focus on strategic collaborations to expand business.
To take advantage of the opportunities, the analyst recommends the 5G NTN companies to focus on standardized 5G NTN modem technology, focus on innovative technological solutions for 5G NTN and haps, focus on leveraging 5G-a products for 5G NTN market expansion, focus on developing satellite IOT solutions for off-grid industrial applications, expand in emerging markets, focus on strategic partnerships and collaborations, focus on solutions segment, focus on LEO platform segment, provide competitively priced offerings, focus on strategic pricing strategies for market leadership, participate in trade shows and events, continue to use B2B promotions, focus on enhanced mobile broadband (EMBB) market segment and focus on aerospace and defense segment.
The global 5G NTN market reached a value of nearly $304.78 million in 2023. The market is expected to grow from $304.78 million in 2023 to $12.47 billion in 2028 at a rate of 110.11%. The market is then expected to grow at a CAGR of 36.66% from 2028 and reach $59.48 billion in 2033.
Going forward, strong economic growth, government initiatives, growing maritime industry, rise in use of smart phones, increased number of connected devices will drive the market. Factors that could hinder the growth of the 5G NTN market in the future include high cost of raw materials.
The 5G NTN market is segmented by component into hardware, solutions and services. The solutions market was the largest segment of the 5G NTN market segmented by component, accounting for 45.6% or $138.84 million of the total in 2023. Going forward, the services segment is expected to be the fastest growing segment in the 5G NTN market segmented by component, at a CAGR of 111.28% during 2023-2028.
The 5G NTN market is segmented by platform into UAS platform, LEO platform, GEO platform and MEO platform. The LEO platform market was the largest segment of the 5G NTN market segmented by platform, accounting for 71.8% or $218.95 million of the total in 2023. Going forward, the LEO platform segment is expected to be the fastest growing segment in the 5G NTN market segmented by platform, at a CAGR of 106.60% during 2023-2028.
The 5G NTN market is segmented by application into enhanced mobile broadband (EMBB), ultra-reliable low-latency communication (URLLC), massive machine-type communications (MMTC). The enhanced mobile broadband (EMBB) market was the largest segment of the 5G NTN market segmented by application, accounting for 41.6% or $126.72 million of the total in 2023. Going forward, the massive machine-type communications (MMTC) segment is expected to be the fastest growing segment in the 5G NTN market segmented by application, at a CAGR of 112.46% during 2023-2028.
The 5G NTN market is segmented by end-user into maritime, aerospace and defense, government, mining and other end-users. The aerospace and defense market was the largest segment of the 5G NTN market segmented by end-user, accounting for 35% or $106.65 million of the total in 2023. Going forward, the aerospace and defense segment is expected to be the fastest growing segment in the 5G NTN market segmented by end-user, at a CAGR of 112.43% during 2023-2028.
The top opportunities in the 5G NTN market segmented by component will arise in the solutions segment, which will gain $5.66 billion of global annual sales by 2028. The top opportunities in the 5G NTN market segmented by platform will arise in the LEO platform segment, which will gain $8.02 billion of global annual sales by 2028. The top opportunities in the 5G NTN market segmented by application will arise in the enhanced mobile broadband (EMBB) segment, which will gain $5.16 billion of global annual sales by 2028. The top opportunities in the 5G NTN market segmented by end-user will arise in the aerospace and defense segment, which will gain $4.5 billion of global annual sales by 2028. The 5G NTN market size will gain the most in the USA at $3.04 billion.
Market-trend-based strategies for the 5G NTN market include focusing on developing standardized 5G NTN modem technology, developing innovative technological solutions in NTN and high-altitude platforms (HAPs) to support 5G and 6G satellite communication, focusing on developing innovative products, such as 10 5G-A products. 10 5G-A products refer to solutions that fall under the category of 5G-A (5G Accelerator), focusing on developing next generation satellite IoT (Internet of Things) solutions, to provide uninterrupted remote monitoring and asset tracking capabilities and strategic partnership approach to leverage expertise, resources and capabilities for the development and deployment of advanced 5G technologies.
Player-adopted strategies in the 5G NTN market include focus on launching new products and bring innovations to stay ahead of competitors and develop the business expertise and focus on strategic collaborations to expand business.
To take advantage of the opportunities, the analyst recommends the 5G NTN companies to focus on standardized 5G NTN modem technology, focus on innovative technological solutions for 5G NTN and haps, focus on leveraging 5G-a products for 5G NTN market expansion, focus on developing satellite IOT solutions for off-grid industrial applications, expand in emerging markets, focus on strategic partnerships and collaborations, focus on solutions segment, focus on LEO platform segment, provide competitively priced offerings, focus on strategic pricing strategies for market leadership, participate in trade shows and events, continue to use B2B promotions, focus on enhanced mobile broadband (EMBB) market segment and focus on aerospace and defense segment.
Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Macro-Economic Scenario
9 Global Market Size and Growth
10 Global 5G NTN Market Segmentation
11 5G NTN Market, Regional and Country Analysis
12 Asia-Pacific Market
13 Western Europe Market
14 Eastern Europe Market
15 North America Market
16 South America Market
17 Middle East Market
18 Africa Market
19 Major Company Profiles
20 Key Mergers and Acquisitions
21 Opportunities and Strategies
22 5G NTN Market, Conclusions and Recommendations
23 Appendix
Executive Summary
5G NTN Global Market Opportunities and Strategies to 2033 provides the strategists; marketers and senior management with the critical information they need to assess the global 5G non-terrestrial network (NTN) market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for 5G non-terrestrial network (NTN)? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The 5G non-terrestrial network (NTN) market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider 5G non-terrestrial network (NTN) market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by component, by platform, by application and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the 5G NTN market.
- Global Market Size and Growth- Global forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the forecast period.
- Regional and Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2023-2028, 2033F) and analysis for each segment by component, by platform, by application and by end-user in the market. Forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Major Company Profiles- Details on the company profiles of other major and innovative companies in the market.
- Key Mergers and Acquisitions - Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities and Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions and Recommendations- This section includes recommendations for 5G NTN providers in terms of product/service offerings geographic expansion, marketing strategies and target groups next five years.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) by Component: Hardware; Solutions; Services2) by Platform: LEO Platform; GEO Platform; MEO Platform, Other Platforms
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
Key Companies Mentioned: Qualcomm Technologies Inc.; Media Tek Inc; Nokia Corporation; Thales Group; Telefonaktiebolaget LM Ericsson
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; 5G NTN indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing:Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Qualcomm Technologies Inc.
- Media Tek Inc.
- Nokia Corporation
- Thales Group
- Telefonaktiebolaget LM Ericsson
- ZTE Corporation
- Huawei Technologies Co. Ltd.
- China Mobile Communications Corporation (CMCC)
- Rohde & Schwarz GmbH & Co KG
- Inmarsat Global Limited
- Spirent Communication
- Telefonica SA
- Sateliot
- Rostelecom
- MTS (Mobile TeleSystems)
- Tele2 Russia
- AT&T
- Viavi Solutions Inc
- Viasat
- Rogers Communications Inc
- GTT Communications
- Terrestar Solutions
- Ligado Networks
- Omnispace
- Al Yah Satellite Communications
- Omnispace Comunicações Brasil Ltda
- SoftBank Group Corporation
- Keysight Technologies, Inc
- MTN South Africa
- Vodacom South Africa
- Telkom South Africa
- Liquid Intelligent Technologies
- Safaricom Kenya
- Airtel Kenya
- Orange Egypt
- NileSat
- Airtel Nigeria
- Globacom
- 9mobile
- Uganda Telecom (UTL)
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 247 |
| Published | May 2024 |
| Forecast Period | 2023 - 2033 |
| Estimated Market Value ( USD | $ 304.8 Million |
| Forecasted Market Value ( USD | $ 59486.4 Million |
| Compound Annual Growth Rate | 69.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 40 |
