The 5G NTN market has grown exponentially in recent years. It will grow from $4.51 billion in 2023 to $5.71 billion in 2024 at a compound annual growth rate (CAGR) of 26.6%. The expansion observed in the historical period can be credited to factors such as the upsurge in mobile data traffic, the increasing demand for Enhanced Mobile Broadband (eMBB), the proliferation of Internet of Things (IoT) and smart devices, global initiatives towards standardization, and the advent of edge computing.
The 5G NTN market is expected to see exponential growth in the next few years. It will grow to $14.93 billion in 2028 at a compound annual growth rate (CAGR) of 27.1%. The anticipated growth in the forecast period can be ascribed to industry-specific use cases, the proliferation of Massive Machine Type Communication (MMTC), integration with satellite networks, advancements in network slicing, and the commercialization of private 5G networks. Significant trends in the forecast period encompass the integration of satellites with 5G networks, the utilization of high-altitude platforms (HAPs), progress in edge computing, the emergence of Low Earth Orbit (LEO) satellite constellations, and industry-specific deployments.
The anticipated growth in the 5G NTN (Non-Terrestrial Network) market is closely tied to the proliferation of connected devices. Connected devices, which refer to appliances interacting over the Internet, are expected to experience a surge, contributing to the expansion of the 5G NTN market. The technology behind 5G NTN offers accelerated download and upload speeds, reduced latency, and greater capacity compared to earlier generations of mobile networks, making it particularly suitable for handling numerous connected devices. For example, in January 2023, a report by the National Association of Insurance Commissioners in the United States projected a significant increase in connected devices entering IoT platforms, with their value expected to reach $13.3 billion by 2025. The report indicated a substantial rise in connected devices in 2021, and the number was predicted to reach 500 million by the close of 2022. As a result, the upswing in connected devices is a driving force behind the growth of the 5G NTN market.
The growing demand within the aerospace industry is anticipated to contribute significantly to the expansion of the 5G NTN market. The aerospace sector encompasses the design, development, production, and maintenance of aircraft and spacecraft. The implementation of 5G NTN in the aerospace industry enhances connectivity, data transfer speeds, and overall operational capabilities, leading to advancements in safety, efficiency, and innovation across various aerospace applications. For instance, a report from Cadrex, a US-based company, indicates that aerospace industry revenue reached $741 billion in 2022, reflecting a 3% increase from 2021. This increasing demand within the aerospace industry is a significant contributor to the growth of the 5G NTN market.
Major players dedicated to creating innovative products to fortify their market standing. In February 2023, Samsung, a leading South Korean mobile device manufacturer, introduced a secure and standardized 5G non-terrestrial network, aiming to enhance service interoperability and scalability for global telecom operators, mobile device manufacturers, and chip manufacturers. Samsung plans to integrate this NTN technology into its Exynos modem solutions, expediting the commercialization of 5G satellite communications and paving the way for the Internet of Everything (IoE) powered by 6G.
Key companies in the 5G NTN market are strategically forming partnerships to boost their revenues. These partnerships involve collaborative alliances between independent entities to achieve shared objectives and mutual benefits. For instance, in August 2022, Taiwan-based semiconductor company MediaTek Corporation partnered with Germany-based Rohde & Schwarz GmbH & Co. KG. Through this collaboration, MediaTek aims to validate the industry's first 3GPP Rel. 17 NTN NB-IoT protocol conformance test cases, enabling the development of a new class of 5G standalone devices, such as edge-AI, logistics, industrial sensors for 5G smart factories, and always-connected wearables.
In December 2022, E-Space, a France-based global space company, finalized an agreement to acquire CommAgility for an undisclosed amount. This acquisition integrates CommAgility's specialized 3GPP 5G NTN source code into E-Space's vertically integrated capabilities, enabling quicker innovation in 5G NTN, 5G-Advanced, and 6G. It also facilitates the rapid development of satellite payloads and customer use cases, enhancing E-Space's space-based connectivity solutions. CommAgility, the UK-based developer of embedded signal processing and RF modules for 4G and 5G mobile networks, is now part of this strategic move.
Major companies operating in the 5G ntn market report are 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, Bombardier Inc., Embraer S.A., General Electric Company, Rolls-Royce Holdings plc.
North America was the largest region in the 5G NTN market in 2023. 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. The countries covered in the 5G ntn market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The essential components of 5G NTN encompass hardware, solutions, and services. Hardware refers to both internal and external devices and machinery enabling crucial functions such as input, output, storage, communication, and processing. This operates across various platforms, including UAS (Unmanned Aerial System), LEO (Low Earth Orbit) platform, GEO (Geostationary Earth Orbit) platform, and MEO (Medium Earth Orbit) platform, catering to applications such as Enhanced Mobile Broadband (EMBB), Ultra-Reliable Low Latency Communication (URLLC), and Massive Machine Type Communication (MMTC). These applications find utility in end-users such as maritime, aerospace and defense, government, mining, and various other sectors.
The 5G NTN market research report provides 5G NTN optical components market statistics, including 5G NTN optical components industry global market size, regional shares, competitors with a 5G NTN optical components market share, detailed 5G NTN optical components market segments, market trends and opportunities, and any further data you may need to thrive in the 5G NTN optical components industry. This 5G NTN optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 5G NTN market includes revenues earned by entities by services such as computer networking, broadcasting, systems design services, and information distribution technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The 5G NTN market consists of sales of 5G networks, including 3GPP, GEO, MEO, LEO, and HAPS. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The 5G NTN market is expected to see exponential growth in the next few years. It will grow to $14.93 billion in 2028 at a compound annual growth rate (CAGR) of 27.1%. The anticipated growth in the forecast period can be ascribed to industry-specific use cases, the proliferation of Massive Machine Type Communication (MMTC), integration with satellite networks, advancements in network slicing, and the commercialization of private 5G networks. Significant trends in the forecast period encompass the integration of satellites with 5G networks, the utilization of high-altitude platforms (HAPs), progress in edge computing, the emergence of Low Earth Orbit (LEO) satellite constellations, and industry-specific deployments.
The anticipated growth in the 5G NTN (Non-Terrestrial Network) market is closely tied to the proliferation of connected devices. Connected devices, which refer to appliances interacting over the Internet, are expected to experience a surge, contributing to the expansion of the 5G NTN market. The technology behind 5G NTN offers accelerated download and upload speeds, reduced latency, and greater capacity compared to earlier generations of mobile networks, making it particularly suitable for handling numerous connected devices. For example, in January 2023, a report by the National Association of Insurance Commissioners in the United States projected a significant increase in connected devices entering IoT platforms, with their value expected to reach $13.3 billion by 2025. The report indicated a substantial rise in connected devices in 2021, and the number was predicted to reach 500 million by the close of 2022. As a result, the upswing in connected devices is a driving force behind the growth of the 5G NTN market.
The growing demand within the aerospace industry is anticipated to contribute significantly to the expansion of the 5G NTN market. The aerospace sector encompasses the design, development, production, and maintenance of aircraft and spacecraft. The implementation of 5G NTN in the aerospace industry enhances connectivity, data transfer speeds, and overall operational capabilities, leading to advancements in safety, efficiency, and innovation across various aerospace applications. For instance, a report from Cadrex, a US-based company, indicates that aerospace industry revenue reached $741 billion in 2022, reflecting a 3% increase from 2021. This increasing demand within the aerospace industry is a significant contributor to the growth of the 5G NTN market.
Major players dedicated to creating innovative products to fortify their market standing. In February 2023, Samsung, a leading South Korean mobile device manufacturer, introduced a secure and standardized 5G non-terrestrial network, aiming to enhance service interoperability and scalability for global telecom operators, mobile device manufacturers, and chip manufacturers. Samsung plans to integrate this NTN technology into its Exynos modem solutions, expediting the commercialization of 5G satellite communications and paving the way for the Internet of Everything (IoE) powered by 6G.
Key companies in the 5G NTN market are strategically forming partnerships to boost their revenues. These partnerships involve collaborative alliances between independent entities to achieve shared objectives and mutual benefits. For instance, in August 2022, Taiwan-based semiconductor company MediaTek Corporation partnered with Germany-based Rohde & Schwarz GmbH & Co. KG. Through this collaboration, MediaTek aims to validate the industry's first 3GPP Rel. 17 NTN NB-IoT protocol conformance test cases, enabling the development of a new class of 5G standalone devices, such as edge-AI, logistics, industrial sensors for 5G smart factories, and always-connected wearables.
In December 2022, E-Space, a France-based global space company, finalized an agreement to acquire CommAgility for an undisclosed amount. This acquisition integrates CommAgility's specialized 3GPP 5G NTN source code into E-Space's vertically integrated capabilities, enabling quicker innovation in 5G NTN, 5G-Advanced, and 6G. It also facilitates the rapid development of satellite payloads and customer use cases, enhancing E-Space's space-based connectivity solutions. CommAgility, the UK-based developer of embedded signal processing and RF modules for 4G and 5G mobile networks, is now part of this strategic move.
Major companies operating in the 5G ntn market report are 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, Bombardier Inc., Embraer S.A., General Electric Company, Rolls-Royce Holdings plc.
North America was the largest region in the 5G NTN market in 2023. 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. The countries covered in the 5G ntn market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The essential components of 5G NTN encompass hardware, solutions, and services. Hardware refers to both internal and external devices and machinery enabling crucial functions such as input, output, storage, communication, and processing. This operates across various platforms, including UAS (Unmanned Aerial System), LEO (Low Earth Orbit) platform, GEO (Geostationary Earth Orbit) platform, and MEO (Medium Earth Orbit) platform, catering to applications such as Enhanced Mobile Broadband (EMBB), Ultra-Reliable Low Latency Communication (URLLC), and Massive Machine Type Communication (MMTC). These applications find utility in end-users such as maritime, aerospace and defense, government, mining, and various other sectors.
The 5G NTN market research report provides 5G NTN optical components market statistics, including 5G NTN optical components industry global market size, regional shares, competitors with a 5G NTN optical components market share, detailed 5G NTN optical components market segments, market trends and opportunities, and any further data you may need to thrive in the 5G NTN optical components industry. This 5G NTN optical components market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 5G NTN market includes revenues earned by entities by services such as computer networking, broadcasting, systems design services, and information distribution technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The 5G NTN market consists of sales of 5G networks, including 3GPP, GEO, MEO, LEO, and HAPS. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. 5G NTN Market Characteristics3. 5G NTN Market Trends and Strategies31. Global 5G NTN Market Competitive Benchmarking32. Global 5G NTN Market Competitive Dashboard33. Key Mergers and Acquisitions in the 5G NTN Market
4. 5G NTN Market - Macro Economic Scenario
5. Global 5G NTN Market Size and Growth
6. 5G NTN Market Segmentation
7. 5G NTN Market Regional and Country Analysis
8. Asia-Pacific 5G NTN Market
9. China 5G NTN Market
10. India 5G NTN Market
11. Japan 5G NTN Market
12. Australia 5G NTN Market
13. Indonesia 5G NTN Market
14. South Korea 5G NTN Market
15. Western Europe 5G NTN Market
16. UK 5G NTN Market
17. Germany 5G NTN Market
18. France 5G NTN Market
19. Italy 5G NTN Market
20. Spain 5G NTN Market
21. Eastern Europe 5G NTN Market
22. Russia 5G NTN Market
23. North America 5G NTN Market
24. USA 5G NTN Market
25. Canada 5G NTN Market
26. South America 5G NTN Market
27. Brazil 5G NTN Market
28. Middle East 5G NTN Market
29. Africa 5G NTN Market
30. 5G NTN Market Competitive Landscape and Company Profiles
34. 5G NTN Market Future Outlook and Potential Analysis
35. Appendix
Executive Summary
This report provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on 5g nan market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- 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 shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for 5g nan? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This 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 historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered: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
Key Companies Mentioned: Anritsu Corporation; AST and Science LLC; GateHouse SatCom A/S; Globalstar Inc.; Gilat Satellites Network
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
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
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
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- 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
- Bombardier Inc.
- Embraer S.A.
- General Electric Company
- Rolls-Royce Holdings plc
Methodology
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