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3. Growth Factors in the 5G NTN Market

Over the course of the projection period, the 5G NTN market is expected to increase at a CAGR of 40.7%, from USD 4.2 billion in 2023 to USD 23.5 billion by 2028. NTN solutions, including satellites, are an important part of the 5G ecosystem because of the growing need for pervasive and dependable connectivity brought about by the expansion of the Internet of Things (IoT) and machine-to-machine (M2M) communication.

The growth of the 5G Non-Terrestrial Network (NTN) market is driven by several key factors. Here are the primary growth factors:

• Need for Global Connectivity
• Technological Advancements
• Integration with Terrestrial Networks
• Rising Demand for IoT and M2M Applications
• Regulatory Support and Spectrum Allocation
• Public and Private Sector Investments
• Strategic Partnerships and Collaborations

To know about the assumptions considered for the study download the pdf brochure

Need for Global Connectivity

Remote and Rural Coverage: 5G NTN provides essential connectivity in remote and rural areas where traditional terrestrial infrastructure is lacking or too costly to deploy.

Maritime and Aviation Connectivity: Demand for continuous, high-speed internet access for ships and airplanes is driving the adoption of 5G NTN solutions.

Technological Advancements

LEO Satellites: Advancements in low Earth orbit (LEO) satellites, which offer lower latency and higher data throughput compared to traditional geostationary satellites.

Miniaturization and Cost Reduction: Innovations in satellite miniaturization and manufacturing have reduced the cost of launching and maintaining satellite networks.

Integration with Terrestrial Networks

Hybrid Networks: Combining terrestrial and satellite networks to ensure seamless connectivity and enhanced network resilience, particularly in disaster recovery scenarios.

Backhaul Solutions: 5G NTN can serve as a reliable backhaul solution for terrestrial networks, especially in areas where laying fiber optic cables is impractical.

Rising Demand for IoT and M2M Applications

IoT Expansion: Growth in IoT applications, such as smart agriculture, environmental monitoring, and logistics, requires reliable and ubiquitous connectivity provided by 5G NTN.

M2M Communication: Enhanced machine-to-machine (M2M) communication capabilities are essential for sectors like transportation, logistics, and industrial automation.

Regulatory Support and Spectrum Allocation

Global Standards: Development of global standards for 5G NTN by organizations such as the 3rd Generation Partnership Project (3GPP) ensures interoperability and fosters market growth.

Spectrum Allocation: Regulatory bodies are allocating spectrum bands specifically for non-terrestrial networks, facilitating smoother deployment and operation.

Public and Private Sector Investments

Government Initiatives: Government investments and initiatives aimed at bridging the digital divide are boosting the adoption of 5G NTN technologies.

Private Sector Involvement: Significant investments by private companies in satellite constellations and related infrastructure are accelerating market development.

Strategic Partnerships and Collaborations

Industry Collaborations: Partnerships between satellite operators, telecom companies, and technology providers are essential for developing integrated 5G NTN solutions.

Cross-Sector Partnerships: Collaborations between different industry sectors, such as agriculture, maritime, and aviation, to leverage 5G NTN for specific use cases.

These growth factors collectively contribute to the robust expansion of the 5G NTN market, addressing the evolving connectivity needs of a diverse range of applications and industries.

5G NTN Market Share - Global Industry Landscape

The leading companies in the 5G NTN industry and their key offerings include:

• AST & Science, LLC (US)
• OneWeb (UK)
• Thales Group (France)
• Nelco Limited (US)
• Inmarsat Global Limited (UK)

These companies are at the forefront of the 5G NTN market, providing a wide range of features and integrations to meet the diverse communication needs of modern businesses.

AST & Science, LLC (US)

Market Share:

AST & Science is an emerging player in the 5G NTN market, known for its innovative approach to space-based cellular networks. Specific market share figures are not publicly disclosed, but the company's strategic partnerships and technological advancements indicate significant growth potential.

Key Offerings:

SpaceMobile: A space-based cellular broadband network designed to deliver 4G/5G connectivity directly to standard mobile phones globally, even in remote and underserved areas.

Hybrid Networks: Solutions that integrate terrestrial and non-terrestrial networks to provide seamless coverage and enhance network resilience.

OneWeb (UK)

Market Share:

OneWeb is a major player in the LEO satellite market with a significant presence in the 5G NTN space. The company has launched numerous satellites and continues to expand its constellation to provide global coverage.

Key Offerings:

OneWeb Satellite Constellation: A network of LEO satellites aimed at delivering high-speed internet access worldwide, particularly in remote and underserved regions.

Connectivity Solutions: Services that complement terrestrial 5G networks by providing broadband connectivity and backhaul solutions.

Thales Group (France)

Market Share:

Thales Group is a leading global provider of aerospace, defense, and security solutions, with a growing footprint in the 5G NTN market. Specific market share figures for their 5G NTN offerings are not widely available.

Key Offerings:

Thales Alenia Space: A joint venture with Leonardo, focusing on satellite solutions that support 5G NTN. This includes satellites for LEO, MEO, and GEO orbits.

Integrated Communication Systems: Solutions that combine satellite and terrestrial networks to provide secure and reliable communications for defense, aviation, and maritime industries.

Nelco Limited (US)

Market Share:

Nelco Limited, a subsidiary of the Tata Group, is a significant player in satellite communications in India, with growing interests in the global 5G NTN market. Precise market share data for their US operations is not well-documented.

Key Offerings:

Satellite Communication Services: Providing broadband services via satellite for remote and maritime communication.

IoT Solutions: Satellite-based IoT connectivity solutions for various industries, including agriculture, logistics, and utilities.

Network Integration: Combining satellite and terrestrial networks to offer comprehensive connectivity solutions.

Inmarsat Global Limited (UK)

Market Share:

Inmarsat is a leading provider of global mobile satellite communications, holding a substantial market share in the satellite communications industry. The company is well-positioned in the 5G NTN market through its extensive satellite network and innovative services.

Key Offerings:

Inmarsat ORCHESTRA: A unique network that integrates GEO, LEO, and terrestrial 5G technologies to provide seamless global connectivity.

These companies are prominent players in the 5G NTN market, each contributing unique solutions and technologies to enhance global connectivity, particularly in areas where traditional terrestrial networks are inadequate or unavailable.

Related Reports:

5G NTN Market by Component (Hardware, Software, Services), End-use Industry (Maritime, Aerospace & Defense, Government, Mining), Application (eMBB, URLLC, mMTC), Location (Urban, Rural, Remote, Isolated), Platform and Region - Global Forecast to 2028