According to a market report by Lucintel, the future of the global 5G NTN market looks promising with opportunities in the maritime, aerospace, defense, government, and mining markets. The global 5G NTN market is expected to reach an estimated $27.7 billion by 2030 with a CAGR of 33.2% from 2024 to 2030. The major drivers for this market are the rising demand for data-intensive services and applications, growing adoption of 5G devices, as well as, governments and telecom firms are making significant investments in 5G infrastructure.A more than 150-page report to understand trends, opportunity and forecast in 5G NTN market to 2030 by component (hardware, solutions, and services), end use industry (maritime, aerospace, defense, government, and mining), platform (UAS platform, LEO platform, MEO platform, and GEO platform), application (enhanced mobile broadband (EMBB), ultra reliable and low latency communications (URLCC), and massive machine-type communications (MMTC)), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that solutions will remain the largest segment over the forecast period due to operators increasing requirement to use 5G-based technology to provide better connectivity while keeping operating expenses to a minimum, as well as, an increasing number of important companies are offering test solutions to evaluate the affordability, efficiency, and dependability of systems prior to implementation.
Within this market, maritime is expected to witness the highest growth due to multitude of applications and services are possible on board yachts to the promise for seamless connectivity and high data transfer rates offered by 5G NTN networks.
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North America is expected to witness highest growth over the forecast period because the industry participants are making significant investments in R&D to provide affordable high-speed communication solutions and widespread 5G adoption in the United States.
Qualcomm, SoftBank Group, Thales Group, Keysight Technologies, MediaTek, Rohde & Schwarz, Anritsu Corporation, EchoStar Corporation, ZTE Corporation, Spirent Communications are the major suppliers in the 5G NTN market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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