5G Satellite Communication Market by Offering (Backhauling & Tower Feed, Communications on the Move, Hybrid Multiplay), Frequency (C Band, Ka Band, Ku Band), Application, End-Use - Global Forecast 2024-2030

5G Satellite Communication Market by Offering (Backhauling & Tower Feed, Communications on the Move, Hybrid Multiplay), Frequency (C Band, Ka Band, Ku Band), Application, End-Use - Global Forecast 2024-2030

The 5G Satellite Communication Market size was estimated at USD 3.32 billion in 2023 and expected to reach USD 3.88 billion in 2024, at a CAGR 17.44% to reach USD 10.25 billion by 2030.

5G satellite communication represents an innovative convergence of terrestrial and space-based network technologies. With the promise of ubiquitous connectivity, incredible data speeds, and reduced latency, 5G satellite communication is poised to serve remote and rural areas and provide robust support for various industries, including autonomous vehicles, IoT, smart cities, and more. The 5G satellite communication market refers to the economic segment encompassing the production, distribution, and services of satellite-based communication networks utilizing the fifth-generation technology standard for cellular networks. The growing need for uninterrupted communication with the continuous expansion of 5G technologies is driving market growth. Increasing demand for small satellites for earth and space observation services and escalating demand for military & defense satellite communication solutions are fueling market growth. The high cost of development and maintenance of 5G satellite communication and security & privacy issues with using 5G satellite communication technologies are posing restrictions for market growth—continuous advancements in 5G satellite communication technologies that complement terrestrial 5G networks. The increasing potential for 5G satellite communications for unmanned vehicles is expected to create opportunities for market expansion.

Regional Insights

In the Americas, the deployment and integration of 5G satellite communication are strongly influenced by technological advancements and investments from countries such as the United States and Canada. Moreover, government initiatives and regulatory frameworks, particularly in the U.S., are designed to expedite satellite-based 5G services' rollout and ensure spectrum availability for satellite operations. The Asia-Pacific region presents a diverse 5G satellite communication landscape, with countries such as South Korea, China, and Japan leading technological development. The region is poised for rapid growth due to the increasing demand for high-speed internet services and the push for extended 5G coverage in remote areas. The European Union's initiatives, such as the European Space Agency's 'Satellite for 5G' initiative, aim to integrate satellite communications into 5G infrastructures. Middle-Eastern countries leverage satellite communications for oil and gas operations, while parts of Africa seek satellite solutions to bridge the digital divide. The varying economic landscapes across EMEA underscore the importance of satellite technology in achieving inclusive digitalization.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the 5G Satellite Communication Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Growing need for uninterrupted communication with continuous expansion of 5G technologies
• Increasing demand for small satellites for earth and space observation services
• Escalating demand for military & defense satellite communication solutions

Market Restraints

• High cost of development and maintenance of 5G satellite communication

Market Opportunities

• Continuous advancements in 5G satellite communication technologies
• Increasing potential for 5G satellite communications for unmanned vehicles

Market Challenges

• Security & privacy issues with the usage of 5G satellite communication technologies

Market Segmentation Analysis

• Offerings: Growing demand for hybrid multiplay for users in regions where terrestrial services lack reach or reliability
• Frequency: Growing adoption of Ku band in maritime and aeronautical communications
• Application: Rising adoption of advanced tracking solutions for real-time tracking abilities
• End-Use: Rising application of 5G satellite communication across aerospace & defense sector for military operations

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the 5G Satellite Communication Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the 5G Satellite Communication Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

VIAVI Introduces NTN and HAPs Network Testing For 5G and 6G Satellite Communication

VIAVI Solutions Inc. unveiled a critical update to their test equipment line-up: the TM500 and TeraVM testing platforms offer support for Non-Terrestrial Networks (NTN) and High Altitude Platforms (HAPs), signaling a commitment to pioneering the 5G satellite communication frontier. These platforms cater to the unique demands of NTN and HAPs by rigorously assessing conformance, performance, and reliability, in alignment with the 3GPP Release 17 specifications that enhance the interoperability of NTNs with traditional telecom networks, thereby promising the wide-scale adoption of NTNs, including an estimated 30,000 new satellites in orbit.

Viasat Completes Acquisition of Inmarsat

Viasat Inc. acquired Inmarsat, creating a formidable entity poised to redefine the market and fortify Viasat's competitive edge by augmenting its operational scope and fostering growth opportunities. The unified company is primed to catalyze innovation by pooling its resources and efficiently meeting the burgeoning demands for high-quality satellite connectivity.

NTT and SES to Deliver Satellite-based Edge and Private 5G Network Solutions to Enterprises

NTT Ltd. forged a strategic multi-year alliance with SES, an esteemed satellite-based content connectivity service provider. This partnership is set to utilize the advanced SES satellite network to elevate NTT's Edge as a Service, ensuring superior connectivity for enterprise clients.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the 5G Satellite Communication Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the 5G Satellite Communication Market, highlighting leading vendors and their innovative profiles. These include Access Intelligence, Amazon.com, Inc., Astrome, Avanti Communications Group PLC, China Satellite Communications Co., Ltd., Clutch Space Systems, Ericsson AB, Eutelsat S.A., Future PLC, Gilat Satellite Networks Ltd. by Comtech Telecommunications Corp., GomSpace A/S, Inmarsat Global Limited by Viasat Inc., MediaTek Inc., Myriota Pty Ltd., OHB SE, Omnispace, LLC, OneWeb, OQ Technology., Qualcomm Incorporated, SATELIO IOT SERVICES, S.L., SES S.A., Singapore Technologies Engineering Ltd., Telespazio S.p.A., The Boeing Company, Vox Media, LLC, and ZTE Corporation.

Market Segmentation & Coverage

This research report categorizes the 5G Satellite Communication Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Offering
• Backhauling & Tower Feed
• Communications on the Move
• Hybrid Multiplay
• Trunking & Head-end Feed
• Frequency
• C Band
• Ka Band
• Ku Band
• Q Band
• S Band
• X Band
• Application
• Asset Tracking
• Broadcasting
• Data Backup & Recovery
• Navigating & Monitoring
• Voice Communication
• End-Use
• Aerospace & Defense
• Government
• Media & Entertainment
• Transportation & Logistics
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year