Global 5G NTN Market Size to worth USD 81.12 Billion by 2033: Market Insight Report

Global 5G NTN Market Size to worth USD 81.12 Billion by 2033

According to a research report published by Spherical Insights & Consulting, The Global 5G NTN Market Size is Expected to Grow from USD 4.2 Billion in 2023 to USD 81.12 Billion by 2033, at a CAGR of 34.46% during the forecast period 2023-2033. 

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global 5G NTN Market Size, Share, and COVID-19 Impact Analysis, By Technology (Satellite Communication, High Altitude Platform Station, Terrestrial Network Integration, and Mixed Technology), By Service Type (Connectivity Services, Data Services, IoT Services, and Cloud Services), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.   

5G Non-Terrestrial Networks (NTN) are satellite communication systems integrated with 5G terrestrial networks to enhance global connectivity and expand the reach of 5G services. Using low Earth orbit (LEO) satellites, medium Earth orbit (MEO) satellites, and geostationary satellites, 5G NTN is meant to ensure smooth, high-speed wireless communication between regions lacking proper terrestrial infrastructure. The technology enables continued, high-capacity mobile broadband services, especially in remote and underserved areas. Furthermore, there are numerous driving factors for the market in 5G NTN. Growing demand for ubiquitous, high-speed connectivity, especially in remote rural areas, is a principal aspect. Moreover, a considerable number of IoT devices expand their applications and necessities by pushing low-latency, high-bandwidth communication. Initiatives related to digital infrastructure on governments' part contribute a good part to the growth of this market. Moreover, the need for high connectivity in transport, logistics, and emergency services has been driving the demand for 5G NTN solutions. However, challenges like high deployment costs, regulatory complexities, and spectrum management issues act as significant restraints for market growth. Moreover, the technical limitations of satellite communication systems like latency and bandwidth constraints need to be overcome for smooth integration with terrestrial networks.

The satellite communication segment is predicted to hold the greatest market share through the forecast period.

Based on the technology, the 5G NTN market is classified into satellite communication, high altitude platform station, terrestrial network integration, and mixed technology. Among these, the satellite communication segment is predicted to hold the greatest market share through the forecast period. This is primarily due to the increasing deployment of low Earth orbit (LEO) satellites, which offer low latency, high-speed connectivity, and global coverage, particularly for remote and underserved areas. Satellite communication systems are essential for extending 5G services beyond the reach of traditional terrestrial infrastructure, making them a crucial component in the expansion of 5G networks worldwide.

The connectivity services segment is anticipated to hold the greatest market share during the projected timeframe.    

Based on the service type, the 5G NTN market is divided into connectivity services, data services, IoT services, and cloud services. Among these, the connectivity services segment is anticipated to hold the greatest market share during the projected timeframe. This is primarily driven by the increasing demand for reliable, high-speed connectivity, especially in remote, rural, and underserved areas that lack sufficient terrestrial infrastructure. 5G NTN connectivity services enable seamless communication across vast regions, ensuring continuous and robust mobile broadband access.

North America is estimated to hold the largest 5G NTN market share over the forecast period.

North America is estimated to hold the largest 5G NTN market share over the forecast period. Showcasing its majority holding due to strong infrastructure and demand for advanced technologies. Contribution from Europe is also commendable, which starts from 0.85 USD Billion in 2023 and is likely to grow to 11.5 USD Billion, representing a strong growth rate triggered by regulatory support and technological advancements.

Asia-Pacific is predicted to have the fastest CAGR growth in the 5G NTN market over the forecast period. This is being fueled by rapid urbanization and growing numbers of digital services. On the other hand, South America and MEA are smaller yet significant markets, with 0.23 USD Billion and 0.25 USD Billion in 2023, respectively, showing potential as these regions begin to invest in high-speed connectivity solutions.

Company Profiling 

Major key players in the 5G NTN market are Siemens, Nokia, Amazon, Huawei, Qualcomm, Samsung, NEC, SpaceX, OneWeb, Iridium Communications, Telesat, ViaSat, Ericsson, AST SpaceMobile, and Intel.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts global, regional, and country revenue from 2023 to 2033. Spherical Insights has segmented the 5G NTN market based on the below-mentioned segments:

Global 5G NTN Market, By Technology

• Satellite Communication
• High Altitude Platform Station
• Terrestrial Network Integration
• Mixed Technology

Global 5G NTN Market, By Service Type

• Connectivity Services
• Data Services
• IoT Services
• Cloud Services

Global 5G NTN Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa