5G NTN Market Report: Trends, Forecast and Competitive Analysis

5G NTN Market Trends and Forecast

The future of the 5G NTN market looks promising with opportunities in the maritime, aerospace and defense, government, and mining sectors. The global 5G NTN market is expected to grow with a CAGR of 38% to 40% from 2023 to 2028. The major drivers for this market are increasing demand for 5G NTN solutions has been influenced by the need to support vessels with high data rates for applications such as video & data file transfer and increasing 3GPP advancement toward NTN connectivity & integration.

5G NTN Market by Component, Platform, Application, Location, and End Use Industry

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global 5G NTN market report, please download the report brochure.

5G NTN Market by Segments

5G NTN Market by Segment

The study includes a forecast for the global 5G NTN market by 5G NTN market by component, platform, application, location, end use industry, and region, as follows:

5G NTN Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:

Hardware

Solutions

Services

5G NTN Market by Platform [Value ($B) Shipment Analysis from 2017 to 2028]:

UAS Platform

LEO Satellite

MEO Satellite

GEO Satellite

5G NTN Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:

EMBB

URLLC

MMTC

5G NTN Market by Location [Value ($B) Shipment Analysis from 2017 to 2028]:

Urban

Rural

Remote

Isolated

5G NTN Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

Maritime

Aerospace and Defense

Government

Mining

5G NTN Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

North America

Europe

Asia Pacific

The Rest of the World

List of 5G NTN Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G NTN companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G NTN companies profiled in this report include.

Qualcomm

Gilat Satellite Network

SoftBank

Thales

Thales Alena Space

5G NTN Market Insights

Lucintel forecasts that solutions will remain the largest segment over the forecast period due to the increasing use of 5G NTN for faster connectivity at a reasonable range and growing demands for 5G NTN among businesses due to its capacity to provide multi-layer communication in order to satisfy their specific requirements.

Aerospace and defense is expected to witness highest growth in the forecast period due to the increasing use of technologically advanced networks by aircraft to ensure good contact with the ground and increasing need for 5G NTN systems in the defence industry to perform various procedures and surgeries.

North America will remain the largest region due to the increasing consumer preference for smart gadgets, the Industrial Internet of Everything (IIoE), and indeed the commercialization of 5G services is influencing the demand for 5G NTN in the region.

Features of the 5G NTN Market

Market Size Estimates: 5G NTN market size estimation in terms of value ($B)

Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.

Segmentation Analysis: 5G NTN market size by various segments, such as by component, platform, application, location, end use industry, and region

Regional Analysis: 5G NTN market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.

Growth Opportunities: Analysis on growth opportunities in different by component, platform, application, location, end use industry, and regions for the 5G NTN market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape for the 5G NTN market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the 5G NTN market size?

Answer: The global 5G NTN market is expected to reach an estimated $xx billion by 2028.

Q2. What is the growth forecast for 5G NTN market?

Answer: The global 5G NTN market is expected to grow with a CAGR of 38% to 40% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the 5G NTN market?

Answer: The major drivers for this market are increasing demand for 5G NTN solutions has been influenced by the need to support vessels with high data rates for applications such as video & data file transfer and increasing 3GPP advancement toward NTN connectivity & integration.

Q4. What are the major segments for 5G NTN market?

Answer: the future of the 5G NTN market looks promising with opportunities in the maritime, aerospace and defense, government, and mining sectors. The global 5G NTN market is expected to grow with a CAGR of 38% to 40% from 2023 to 2028.

Q5. Who are the key 5G NTN companies?

Answer: Some of the key 5G NTN companies are as follows:

Qualcomm

Gilat Satellite Network

SoftBank

Thales

Thales Alena Space

Q6. Which 5G NTN segment will be the largest in future?

Answer: Lucintel forecasts that solutions will remain the largest segment over the forecast period due to the increasing use of 5G NTN for faster connectivity at a reasonable range and growing demands for 5G NTN among businesses due to its capacity to provide multi-layer communication in order to satisfy their specific requirements.

Q7. In 5G NTN market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region due to the increasing consumer preference for smart gadgets, the Industrial Internet of Everything (IIoE), and indeed the commercialization of 5G services is influencing the demand for 5G NTN in the region.

Q8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the 5G NTN market by component (hardware, solutions, and services), platform (UAS platform, LEO satellite, MEO satellite, and GEO satellite), application (EMBB, URLLC, and MMTC), location (urban, rural, remote, and isolated), end use industry (maritime, aerospace and defense, government, and mining), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to 5G NTN market or related to 5G NTN companies, 5G NTN market size, 5G NTN market share, 5G NTN analysis, write Lucintel analyst at email: [email protected] we will be glad to get back to you soon.

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