5G Satellite Communication Market, By Orbits (LEO, MEO, and GEO), By Spectrum (L and S Band, C and X Band, and Ku and Ka Band), By End-user (Defense & Government, Transportation & Logistics, Aviation, Consumer Electronics, Heavy Industries, and Energy & Utilities), By Satellite Solutions (Backhaul and Tower Feed, Trunking and Head End Feed, Communication-On-The-Move, and Hybrid Multiplay), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032

5G Satellite Communication Market accounted for US$ 2.8 billion in 2022 and is estimated to be US$ 7.7 billion by 2032 and is anticipated to register a CAGR of 10.0%

5G satellite communication market has expanded its importance widespread, due to the emergence of 5G satellite communication services for IoT. Growing data traffic across various business sectors and increasing demand for higher bandwidth along with congestion in networks, are some of the factors validating the need for network evolution. Additionally, rapid technological advancements in 5G satellite services in industries across the globe are projected to boost the global market.

Rise in number of IoT devices and acceptance of edge computing

Edge computing provides real-time analysis with faster response times while improving overall performance and reliability. Edge computing permits large volumes of data to be processed close to the data source. Further, edge computing helps reduce security concerns and privacy. The data produced by these Edge computing devices is also witnessing exponential growth. Growth in amounts of data generated by IoT devices and increasing demand for edge computing are projected to propel the demand for higher data speeds. 5G technologies are expected to help deliver unmatched data speeds while improving real-time data processing capabilities and enhancing the overall user experience. 5G communication is projected to work 1000 times faster than 4G while bringing down device reaction times to milliseconds.

However, issues related to the spectrum allocation and backhaul connectivity are some of the factor that are limiting growth of the target market.

5G satellite communication market is segmented based on orbits, spectrum, end-user, satellite solutions, and region.

On the basis of orbits, the global 5G satellite communication market is segmented into LEO, MEO and GEO. On the basis of spectrum, the target market is classified into L and S band, C and X band, and Ku and Ka band. Based on end-user, the target market is classified into defense & government, transportation & logistics, aviation, consumer electronics, heavy industries, and energy & utilities. On the basis of satellite solutions, the target market is classified into backhaul and tower feed, trunking and head end feed, communication-on-the-move, and hybrid multiplay.

Regional Insights:

On region the global 5G satellite communication market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific accounted for the highest revenue share in the market in 2018, owing to presence of large number of companies supplying 5G satellite communication. Korea, Japan, and China in this region are the key countries from where demand is being generated, and majority of the players are located. However, the North American region estimates for second largest share of the global market and is projected to provide substantial market potential for the 5G satellite communication market. North America has swiftly formed a strong base5G satellite communication market, due to being a quick adopter of technological advancements. Increase in demand for advanced technologies such as machine-to-machine communication, artificialintelligence, and connected cars will offer huge opportunities for the development of the 5G satellite communication market in North America.

5G Satellite Communication Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest application trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global 5G satellite communication market report based on orbits, spectrum, end-user, satellite solutions, and region.

5G Satellite Communication Market, By Orbits:

• LEO
• MEO
• GEO

5G Satellite Communication Market, By Spectrum:

• L and S Band
• C and X Band
• Ku and Ka Band

5G Satellite Communication Market, By End-user:

• Defense & Government
• Transportation & Logistics
• Aviation
• Consumer Electronics
• Heavy Industries
• Energy & Utilities

5G Satellite Communication Market, By Satellite Solutions:

• Backhaul and Tower Feed
• Trunking and Head End Feed
• Communication-On-The-Move
• Hybrid Multiplay

5G Satellite Communication Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • 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 key players operating the global 5G satellite communication market includes Airbus S.A.S, Eutelsat S.A., Avanti Communications Group PLC, Gomspace A/S, Gilat Satellite Networks, OHB SE, Space X, Quortus, The Boeing Company, and the Thales Group.

• Airbus S.A.S
  • Company Overview
  • Product Orbits Portfolio
  • Key Highlights
  • Financial PerRaw Materialance
  • Business Strategies

• Eutelsat S.A.
• Avanti Communications Group PLC
• Gomspace A/S
• Gilat Satellite Networks
• OHB SE
• Space X
• Quortus
• The Boeing Company
• The Thales Group

“*” marked represents similar segmentation in other categories in the respective section.