5G NTN Market Size, Share, By Component (Hardware, Software, and 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, and Others), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI552824 | Publish Date: July 2024 | No. of Pages: 175

5g Ntn Market Size

5G NTN Market Size

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 stands for 5G Non-Terrestrial Networks. This is centered on extending the concept of 5G connectivity beyond typical terrestrial networks to encompass satellite and aerial communication systems. The goal is to ensure continuous coverage over areas where ground-based infrastructure is restricted or absent, such as isolated regions, oceans, and airspace. Specifically, 5G NTN uses satellites in various orbits and HAPS to supplement terrestrial 5G networks. This integration will also give true worldwide connectivity, enabling the most demanding applications of the future, such as the Internet of Things in distant areas, marine and aviation communications, and emergency services in catastrophe scenarios. Implementing 5G NTN will provide problems in signal delay control and dealing with the dynamics of non-terrestrial platforms; yet, it will be a significant step toward ubiquitous high-speed connectivity over the world. 5G NTN strengthens network resilience by acting as a backup for ground-based services. It improves tactical communications in the defense sector and raises situational awareness. It provides real-time data collection from remote sensors for environmental monitoring, climate research, and wildlife conservation. This technology will allow the flexible and rapid deployment of connectivity at temporary events or construction sites much easier. Furthermore, it enables new services and applications in Low Earth Orbit and beyond, thereby bolstering the emerging space economy.