5G NTN Market Size, Share, By Component, Platform, Location, Application, End-User, and By Region - Trends, Analysis and Forecast till 2034

5G NTN Market Size, Share, By Component, Platform, Location, Application, End-User, and By Region - Trends, Analysis and Forecast till 2034

According to research report by Prophecy Market Insights, the global 5G NTN market size was valued at USD 7.23 Billion in 2024 and is expected to reach USD 158.9 Billion by 2034 growing at a CAGR of 40.4%.

5G NTN is a joining force of Satellite and Airborne communication systems to achieve global connectivity for applications such as the Internet of Things, Maritime and Aeronautical communications, and Disaster services. This technology extends terrestrial networks into regions that are difficult to reach on land, in oceans, and within airspaces, thus offering seamless coverage over areas that lack ground infrastructure. The uses of 5G NTN, in general, across sectors, include access to high-speed internet, education, telemedicine, economic development, maritime and aeronautical industries, agriculture, and precision farming. It contributes toward secure asset tracking, autonomous vehicles, and lower deployment costs.

This also stands in support of ground-based systems by backing up the network resilience, enhancing tactical communication in the defense sector, and allowing for real-time data collection from remote sensors within environmental monitoring. The implementation of 5G NTN will increase the challenges in managing signal latency and coping with non-terrestrial platform dynamics.

The 5G NTN Market is characterized by rapid growth, technological innovation and fierce competition. Companies are expanding their global presence, focusing on sustainability and diversifying their service offerings to stay competitive.

Some of the Key Market Players:

• Qualcomm Technologies Inc
• SoftBank Group Corporation
• Thales Group
• Rohde & Schwarz GmbH & Co KG
• Keysight Technologies, Inc.
• MediaTek Inc.
• SES S.A.
• EchoStar Corporation
• SpaceX
• AST SpaceMobile
• ZTE Corporation
• GateHouse SatCom
• OneWeb
• Omnispace LLC
• Nelco
• Skylo Technologies
• Globalstar Inc.
• Spirent Communications
• Ericsson
• Nokia Corporation
• Telefonica S.A.
• Viasat Inc.
• Telesat
• Kuiper Systems
• Sateliot
• VIAVI Solutions
• Radisys

Recent Advancements

In February 2024, Mavenir and Terrestar Solutions Partner to Accelerate Commercial Deployment of 5G New Radio Non-Terrestrial Network. Mavenir, the cloud-native network infrastructure provider building the future of networks, continues its pioneering leadership in Open RAN with 5G New Radio (NR) Non-Terrestrial-Network (NTN) solutions. The latest initiative is to integrate satellite connectivity for Open RAN terrestrial networks thereby enabling seamless connectivity for users across satellite and terrestrial networks. The project is being delivered in collaboration with Terrestar Solutions, a Canadian based Satellite Operator.

It enables connectivity to underserved and remote locations through 5G NTN, whereby it gains access to financial services, business activities, healthcare, education, and telemedicine. It also fuels the local economy via e-commerce, business creation, and remote employment. Thus, 5G NTN reduces the information gap and fosters social development by achieving the objectives of social inclusion. Growth in data-intensive applications, especially in online gaming, online streaming, and virtual reality games, pushes the limits of the existing infrastructure, demanding higher-speed, lower-latency, and more reliable networks for upload and download. With its huge potentials to be a game changer in connectivity, NTN 5G can open new markets for products and services and help people, including farmers increasing crop yield, students accessing online resources, and health care providers performing telemedicine.

Key Applications:

It involves platforms, services, software, and hardware. Software includes programs and applications that manage and operate 5G networks. Hardware refers to any hardware and infrastructure necessary to gain connectivity over the network. Services include professional network deployment and maintenance services. Examples of platforms would be the UAVs, satellites, LEO, MEO, GEO. LEO satellites provide high speed with low latency, while UAVs provide variable coverage and GEO satellites constantly cover large areas. Satellite-based 5G networks become crucial in metropolitan areas, rural areas that lack conventional infrastructure, and secluded regions used for emergency response, remote monitoring, and off-grid populations.

Due to huge infrastructural and technological expenses, 5G NTN deployment is spearheading in North America. This region is focused on laying advanced 5G networks that could support a wide range of applications to foster innovation and productivity for economic growth. On the other hand, because of technical advancements and an increased demand for access to high-speed internet, the Asia Pacific region is growing at a tremendous rate. South Korea, China, and Japan are standardizing the implementation of 5G for all its various applications.

About Us:

Prophecy Market Insights is a specialized market research, analytics, marketing, and business strategy, and solutions company that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. Also, we help our client to address business challenges and provide the best possible solutions to overcome them and transform their business.