Global 5G IoT NTN Connectivity Growth Opportunities, 2024–2028

Global 5G IoT NTN Connectivity Growth Opportunities, 2024–2028

The Convergence of Hybrid Terrestrial and Non-terrestrial Networks, Ubiquitous LEO Satellite Constellations, and 5G Networks will Drive IoT s Future Growth Potential

The global 5G IoT non-terrestrial network (NTN) industry is nascent; however, it is developing fast and presenting significant growth opportunities.

With the 3GPP initiative integrating 5G NR technology and NB-IoT/LTE-M for NTNs, as well as the evolution of proprietary LPWAN protocols supporting NTNs, the industry will experience technology convergence and growth in innovative large-scale IoT deployments.

The ecosystem is highly fragmented, with traditional satellite IoT connectivity providers holding a privileged position and start-ups leveraging low earth orbit (LEO) satellites. In addition, these participants coexist with key broadband services vendors, such as Space X and OneWeb (Eutelsat).

This study provides an overview of the leading technologies (5G NR-NTN, IoT-NTN, proprietary LPWAN-based NTN solutions, and traditional satellite IoT connectivity), the main industry participants, and the key use cases. It also offers historic data (2021-2023) and forecast analysis (2024-2028) of cumulative connections of IoT NTN, proprietary LPWAN-based satellite connectivity, and satellite IoT connectivity.