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 Trends

IoT and Industry 4.0: An End-to-End Scenario

  • 5G NTN will be the key to unlocking the massive deployment of IoT devices and applications in remote regions. This would affect agriculture, manufacturing, and mining most directly. For example, in the field of agriculture, sensor networks could be used in soil moisture monitoring, in estimating the health condition of crops, and in weather monitoring to carry out data-enabled precision agriculture. In manufacturing, remote industrial facilities can use 5G NTN to monitor machines in real-time, thus allowing automatism and optimization of the production process. Equally, robust connectivity will benefit the mining industry by enabling remote asset tracking, environmental monitoring, and improved safety for people working at sites.