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How Rapidly is the 5G NTN Market Expected to Expand Between 2025 and 2034 Based on Current Trends?

The size of the 5G NTN market has seen phenomenal growth in the past few years. The market, which is forecasted to be valued at $3.66 billion in 2024, is expected to reach a value of $4.96 billion in 2025, translating to a compound annual growth rate (CAGR) of 35.7%. This significant growth in the past can be primarily linked to the surge in mobile data traffic, increased demand for enhanced mobile broadband (EMBB), proliferation of IoT and smart devices, worldwide standardization initiatives, and the rise of edge computing.

The market size for 5G NTN is predicted to experience significant expansion in the upcoming years, accelerating to a value of “$17.01 billion by 2029 with a CAGR of 36.1%. This expected advancement during the projected period can be ascribed to industry-oriented use cases, extensive machine type communication (MMTC), synchronization with satellite networks, progress in network slicing, and the launch of private 5g networks. Key trends anticipated during this period include the merging of 5g networks with satellites, the use of high-altitude platforms (haps), progression in edge computing, the rise of low earth orbit (LEO) satellite constellations, and deployments particular to certain industries.

How Are the key drivers Contributing to the Expansion of the 5g ntn Market?

The escalation in the number of devices linked to the internet is predicted to bolster the expansion of the 5G NTN market. A connected device is any gadget which has internet connectivity and can interact with other devices on the network. Superior to its predecessors, the 5G-NTN technology offers enhanced download and upload speeds, diminished latency, and a greater capacity. This makes it prime for supporting numerous connected devices. To illustrate, a report in January 2023 by the US-based National Association of Insurance Commissioners stated that a surge in connected devices is expected to be transitioned to IoT platforms. The valuation of these platforms is projected to heighten to $13.3 billion by 2025. This technology triggered a drastic increase in the quantity of connected devices in 2021, with estimations suggesting that this count could hit 500 million by the termination of 2022. Thus, it’s the proliferating number of connected devices that is fueling the growth of the 5G NTN market in the future.

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Which Key Players Are Shaping the Future of the 5G NTN Market?

Major companies operating in the 5G NTN market include:

• Anritsu Corporation_x000D_

• AST and Science LLC_x000D_

• GateHouse SatCom A/S_x000D_

• Globalstar Inc._x000D_

• Gilat Satellites Network_x000D_

How Are the Latest Trends Influencing the Growth of the 5G NTN Market?

The primary trend gaining traction in the 5G NTN market is technological innovation. Major stakeholders in this market are introducing groundbreaking products to solidify their market stance. For instance, in February 2023, Samsung, a mobile device producer based in South Korea, unveiled its new, secure, and standardized 5G non-terrestrial network. Samsung’s NTN technology will support telecom operators, mobile device manufacturers, and chip producers worldwide in enhancing the interoperability and scalability of the service. This technology will become an integral component of Samsung’s Exynos modem solutions, fast tracking the commercialization of 5G satellite communications and setting the stage for the advent of the 6G-powered Internet of Everything (IoE).

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What Are the Major Segments of the 5G NTN Market and Their Role in Driving Growth?

The 5G NTN market covered in this report is segmented –

1) By Component: Hardware, Solutions, Services

2) By Platform: UAS Platform, LEO Platform, GEO Platform, MEO Platform

3) By Application: Enhanced Mobile Broadband (EMBB), Ultra-Reliable Low-Latency Communication (URLLC), Massive Machine-Type Communications (MMTC)

4) By End-User: Maritime, Aerospace And Defense, Government, Mining, Other End-Users

Subsegments:

1) By Hardware: Satellite Payloads, Antennas, Transceivers, Modems, Other Hardware Components

2) By Solutions: Network Management, Integration And Deployment Solutions, Other Solutions

3) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance Services

What Regions Are At the Forefront of 5G NTN Market Expansion?

North America was the largest region in the 5G NTN market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global 5G NTN market report during the forecast period. The regions covered in the 5g NTN market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

How Can We Define the 5G NTN Market and Its Key Components?

A 5G non-terrestrial network (NTN) is a wireless communication network that uses satellites, drones, or other aerial platforms to provide high-speed internet and other communication services. 5G NTN operates in space or the upper atmosphere, allowing for global coverage and increased capacity.

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