5G NTN Market Projected To Reach USD 42.20 Billion By 2030

 San Francisco, 28 Oct 2024: The Report 5G NTN Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Platform (UAS Platform, LEO Satellite, MEO Satellite, GEO Satellite), By Location (Urban, Rural), By Application, By End-use, By Region, And Segment Forecasts, 2024 - 2030

The global 5G NTN market size to reach USD 42.20 billion in 2030 and is expected to grow at a CAGR of 33.5% from 2024 to 2030. The rising adoption of a software-centric approach is a significant factor contributing to the growth of the market. This strategy allows for greater flexibility and scalability in network management, enabling operators to rapidly deploy new services and adapt to changing market demands. By leveraging software-defined networking (SDN) and network functions virtualization (NFV), providers can enhance network performance and reduce operational costs, making 5G NTN solutions more attractive to various sectors, including enterprise and government.

Another critical trend contributing to the growth of the 5G NTN market is the need to address extreme coverage extension. Traditional terrestrial networks often struggle to provide consistent and reliable connectivity in remote or underserved areas. The deployment of NTNs via satellites or high-altitude platforms allows for broader and more reliable coverage, overcoming the limitations of terrestrial infrastructure. This expansion is particularly important for delivering 5G services to rural communities, maritime regions, and other challenging environments, thereby enhancing global connectivity.

The 3GPP evolution towards NTN interworking and integration is also a significant driver of market growth. The 3rd Generation Partnership Project (3GPP) has been advancing standards that facilitate the seamless integration of terrestrial and non-terrestrial networks. This interoperability ensures that users experience consistent, high-quality service across different network types, enhancing the user experience and broadening the appeal of 5G NTN solutions. This evolution not only simplifies network management but also promotes a unified ecosystem that supports diverse applications, from consumer connectivity to mission-critical communications.

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Furthermore, the growing demand for the Internet of Things (IoT) is accelerating the adoption of 5G NTN technologies. IoT applications require ubiquitous, reliable, and high-capacity connectivity to function effectively, and NTNs are well-positioned to meet these requirements. With the proliferation of IoT devices in sectors such as agriculture, logistics, and smart cities, the demand for networks that can provide seamless and widespread coverage is rising. This trend is pushing operators to explore NTNs as a viable solution for extending 5G coverage to areas where traditional networks fall short.

NTNs, which include satellites, high-altitude Platforms, and other non-ground-based systems, are poised to play a crucial role in delivering high-speed, low-latency communication to remote and underserved regions. As 5G technology evolves, the integration of NTNs can enhance network coverage, support IoT deployments, and bridge connectivity gaps in rural and isolated areas. This expansion is anticipated to unlock new revenue streams for service providers, stimulate innovation in satellite and aerospace technologies, and drive growth in applications ranging from smart agriculture and disaster response to global enterprise connectivity. With investments in satellite constellations and advanced Non-terrestrial network (NTN) solutions, the market is set for robust growth, offering substantial opportunities for industry players to capitalize on the evolving landscape of global communications.

Key 5G NTN Company Insights

The market is highly competitive, featuring a blend of established technology leaders and emerging innovators striving for market leadership. Major players, including major satellite operators and aerospace companies, are actively advancing their NTN solutions to cater to the growing demand for global high-speed connectivity. This competitive landscape fosters rapid technological advancements and service improvements, benefiting network operators and end-users by enhancing connectivity across various environments.

Several players in the market are actively pursuing strategic initiatives to broaden their geographic footprint. For instance, in August 2023, Auden Techno Group, a prominent player in antenna and connectivity solutions, is unveiling its latest technology at the ComNext 2024 expo in Tokyo. Their new offering aims to enhance private 5G networks through advanced non-terrestrial infrastructure. This solution integrates a state-of-the-art LEO satellite user terminal with a new 5G NR Open RAN radio unit (O-RU). Auden’s innovation is designed to support private 5G networks of various sizes, including those for mission-critical applications. 

Key 5G NTN Companies:

The following are the leading companies in the 5G NTN market. These companies collectively hold the largest market share and dictate industry trends.

• Thales
• Echostar Corporation
• Qualcomm Technologies, Inc.
• MediaTek Inc.
• Keysight Technologies
• Anritsu Corporation
• Intelsat
• Telefonaktiebolaget LM Ericsson
• Softbank Group
• ZTE Corporation

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