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

Market Overview:

• In 2024, the 5G NTN market size was valued at USD 7.23 billion.
• The market is projected to be worth USD 158.9 billion by 2034.
• The market is attributed to grow at a CAGR of 40.4%.

5G NTN stands for the 5G Non-Terrestrial Networks. It is based on an extended notion of 5G connectivity beyond traditional terrestrial networks to include satellite and airborne communication systems. The objective is to guarantee seamless coverage over regions where ground-based infrastructure may be limited or unavailable, including remote regions, oceans, and airspace. Especially, 5G NTN uses satellites at different orbits and HAPS to complement the terrestrial 5G networks. Such integration will further provide real global connectivity, supporting the most demanding applications of the future, including the Internet of Things in remote regions, maritime and aeronautical communications, and emergency services in disaster situations. The market is expected to significant growth due to the propelling demand for high-speed connectivity globally.

Key Takeaways:

• North America is considered to be the leading region in the market. The region’s growth is attributed to the large investments in technology and high 5G NTN adoption.
• Asia Pacific is attributed to witness fast growth in the market due to the rising demand for high-speed internet in the region.

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Key Drivers of Target Market:

5G NTN’s Ability to Bridge the Digital Divide to Boost Market Growth

• 5G NTN provides connectivity to areas remote and underserved where terrestrial networks are deficient or do not exist at all. Such connectivity empowers both people and societies by facilitating access to education, health, telemedicine, financial services, and general business activities. It will also drive the development of local economies through remote work, e-commerce, and local business creation. Further, 5G NTN contributes to social development by closing the information gap and enhancing social inclusion.

Increasing Demand for High-Speed Connectivity to Augment Market Expansion

• Growth in data-intensive applications, such as video streaming, online gaming, and virtual reality experiences are challenging existing network capacities. Consumers and businesses alike are seeking faster download and upload speeds, lower latency, and more reliable networks for these applications. 5G NTN is a complementary solution to conventional terrestrial networks, enabling such growing demands where traditional infrastructure is limited.

Restraints:

High Deployment Cost May Impede Market Growth

• Development, launching, and maintenance of satellite constellations or aerial platforms would involve huge upfront infrastructure, satellite, drone, and launch vehicle costs in 5G NTN. This may act as an entry barrier for most new participants and will, in turn, reduce the overall speed of market growth. Moreover, keeping a network of satellites or even drones operational involves high expenses for fuel, maintenance, and personnel.

Opportunities:

Connecting the Digital Divide to Remote and Unserved Areas Can Boost Market Growth

NTN 5G holds immense potential to bring about a revolution in connectivity among remote and underserved areas in which basic terrestrial infrastructures are hardly available, or even entirely unavailable. It provides new opportunities for businesses and services in broader areas. These include farmers in rural areas who, having real-time information at hand, can maximize crop production, students in remote villages who can get resources for their study online, and medical professionals who can provide telemedicine services to distant communities. All these will bridge the digital divide, contributing to economic growth, social inclusion, and an improved quality of life in the different communities

The 5G NTN market is segmented into component, platform, location, application, end-user, and region.

By Component

Based on component, the market is bifurcated into hardware and software. The software segment is expected to dominate the market. The segment’s growth is attributed to the surging adoption of programs and application used to control, operate, and manage 5G NTN.

By Platform

On the basis of platform, the market is categorized into unmanned aerial vehicles, low earth orbit satellites, medium earth orbit satellites, and geostationary earth orbit satellites. The market is being dominated by the unmanned aerial vehicles segment as UAVs provide 5G NTN structure affording flexible and temporary network coverage.

By Location

By location, the market is trifurcated into urban, rural, and remote. The urban segment is expected to hold the largest 5G NTN market share during the forecast period as 5G NTN provide high capacity network coverage in high population density areas.

By Application

On the basis of application, the market is segmented into enhanced mobile broadband, ultra-reliable low-latency communication, and massive machine type communication. The enhanced mobile broadband is expected to dominate the market owing as it caters to different use cases, such as virtual reality, high-definition video streaming, and huge file transfers.

By End-User

Under end-user, the market is categorized into government, aerospace and defense, mining, and others. The market is being dominated by the government segment due to the growing use of 5G NTN for public safety, emergency response, and smart city initiatives.

Regional Insights:

Geographically, the market is studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

• North America: North America is leading in terms of 5G NTN adoption as huge investments have been made in the technology and associated infrastructures; besides, advanced 5G network deployment is being focused on in the region so that a wide spectrum of applications can be backed which would drive innovation and productivity for further economic growth.
• Asia Pacific: In the case of 5G NTN, the Asia Pacific region is growing very rapidly because of technological growth and increasing demand for high-speed internet. Countries like China, Japan, and South Korea are the forerunners that implemented 5G networks to a large extent for many applications.
• Europe: 5G NTN deployment in the European region is being highly sought after for enhanced connectivity across different industries to aid and bring digital transformation. It also intends to mean green and inclusive growth, achievable by using 5G for smart cities, transportation, and industrial applications.

5G NTN Market Report Scope:

Attribute	Details
Market Size 2024	USD 7.23 Billion
Projected Market Size 2034	USD 158.9 Billion
CAGR Growth Rate	40.4%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Billion & CAGR from 2024 to 2034
Market Segmentation	By Component - Hardware, Software, and Services. By Platform - Unmanned Aerial Vehicles, Low Earth Orbit Satellites, and Medium Earth Orbit Satellites. By Location - Urban, Rural, and Remote By Application - Enhanced Mobile Broadband, Ultra-Reliable Low-Latency Communication, and Massive Machine Type Communication By End-User - Government, Aerospace and Defense, Mining, and Others.
Regional scope	North America - U.S. and Canada Europe – U.K., Germany, Spain, France, Italy, Russia, and Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, and Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, and Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segmentation:

By Component:

• Hardware
• Software
• Services

By Platform:

• Unmanned Aerial Vehicles
• Low Earth Orbit Satellites
• Medium Earth Orbit Satellites
• Geostationary Earth Orbit Satellites

By Location:

• Urban
• Rural
• Remote

By Application:

• Enhanced Mobile Broadband
• Ultra-Reliable Low-Latency Communication
• Massive Machine Type Communication

By End-User:

• Government
• Aerospace and Defense
• Mining
• Others

By Region:

North America

• U.S.
• Canada

Europe

• Germany
• U.K.
• France
• Russia
• Italy
• Rest of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• Israel
• South Africa
• Rest of Middle East & Africa

The 5G NTN market consists of key players, including Qualcomm Technologies Inc, SoftBank Group Corporation, Thales Group, and others. These key players are adoption strategies, such as partnerships and collaborations and new product launches to strengthen their position in the market.

List of Key Players in the Market:

• 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

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• In March 2024, Gatehouse Satcom and Druid Software signed an MOU for advanced 5G NTN services. The companies will collaborate on efforts to improve Non-Terrestrial Network (NTN) services. The partnership aims to integrate satellite and terrestrial network solutions, with a focus on creating a more accessible and interoperable infrastructure for the satellite communications industry. This program aims to give satellite operators a fully integrated, out-of-the-box solution. This service fills a crucial market gap by removing the complexity and constraints involved with integrating diverse systems to enable global communication. By ensuring compatibility and ease of deployment, Gatehouse Satcom, and Druid Software are setting a new standard for the satellite communications ecosystem.
• In February 2023, Samsung Electronics launched standardized 5G NTN modem technology to support smartphone-satellite communication. Samsung Electronics, a global pioneer in innovative semiconductor technology, announced that it has secured standardized 5G non-terrestrial networks (NTN) modem technology enabling direct connection between smartphones and satellites, particularly in remote locations. Samsung intends to incorporate this technology into its Exynos modem solutions, expediting the commercialization of 5G satellite communications and opening the road for the 6G-powered Internet of Everything (IoE) era.

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Company Name	Qualcomm Technologies, Inc.
Headquarters	California, U.S.
CEO	Cristiano Amon
Employee Count (2024)	49,000+ Employees