5G Non-Terrestrial Networks Market
“5G Non-Terrestrial Networks Market” in terms of revenue was estimated to be worth 5.5 billion in 2024 and is poised to reach 192.0 billion by the year 2034, growing at a CAGR of 43.1% from 2025 to 2034 according to a new report by InsightAce Analytic.
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the 5G non-terrestrial networks market are:
• Technological advancement
• High network speed
• Facilitating streamlined communication platforms
The following are the primary obstacles to the 5G non-terrestrial networks market’s expansion:
• High initial investment
• Strict regulators
• Rising security threats
Future expansion opportunities for the 5G non-terrestrial networks market include:
• Satellite technology continues to progress
• Increasing investment in advanced technology
• Growing need for internet access
Market Analysis:
The global demand for enhanced connectivity via 5G non-terrestrial networks is serving as a major catalyst for market expansion. This growth is driven by the increasing need for seamless, high-speed communication across geographically diverse regions. Non-terrestrial networks play a critical role in emergency response, disaster resilience, and recovery operations, further reinforcing their strategic importance. Ongoing advancements in satellite technology-including the development of sophisticated satellite constellations, improved launch capabilities, and optimized satellite designs-are key contributors to the accelerated growth of the 5G non-terrestrial networks sector.
List of Prominent Players in the 5G Non-Terrestrial Networks Market:
• Qualcomm Technologies Inc.
• Thales Group
• Softbank Group Corporation
• Keysight Technologies Inc.
• MediaTek lnc.
• ZTE Corporation
• Anritsu Corporation
• Rohde & Schwarz GmbH & Co KG
• Omnispace LLC
• EchoStar Corporation
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Recent Developments:
• In March 2024, R&S FSPN50, developed by Rohde & Schwarz, is the first VCO that can monitor voltages and phase noise up to 50 GHz. Synthesizers, VCOs, OCXOs, and DROs can be accurately characterized with the help of the R&S FSPN’s high-speed measurements.
• In Feb 2024, Qualcomm Technologies, Inc., a pioneer in 5G technology from the start, unveiled its seventh generation 5G modem-to-antenna solution, the Snapdragon® X80 5G Modem-RF System, demonstrating its commitment to innovation. With its dedicated 5G AI Processor and 5G-Advanced-ready architecture, the Snapdragon X80 has achieved numerous firsts in the world of mobile networking. These include the first 5G modem with fully integrated NB-NTN satellite communications support, a 6-antenna architecture for smartphones, 6X carrier aggregation.
• In Feb 2024, MediaTek will display a number of technological demonstrations. These will include novel instances of pre-6G ambient computing and real-time Generative AI video diffusion, as well as next-generation product highlights in NTN, 5G RedCap, and 5G CPE. Also on display will be collaborations in Dimensity Auto. Also showcased will be smartphones powered by MediaTek from some of the most renowned brands in the world.
5G Non-Terrestrial Networks Market Dynamics
Market Drivers: Expansion of Network Accessibility
5G non-terrestrial networks enable the provision of high-speed internet connectivity in regions where terrestrial infrastructure is limited or absent. The growing proliferation of Internet of Things (IoT) devices across industries such as agriculture, transportation, and environmental monitoring underscores the need for seamless machine-to-machine communication.
Rising demand for global connectivity, particularly in remote and rural areas where conventional networks are impractical, serves as a key growth driver. Furthermore, ongoing advancements in satellite technologies, the expansion of data-intensive IoT applications, and the continuous development of innovative solutions are accelerating market adoption.
Challenges: High Capital Requirements and Regulatory Complexity
The significant investment required for satellite infrastructure and network deployment remains a major barrier to market entry. Establishing and maintaining 5G non-terrestrial networks demands substantial financial resources, advanced technological capabilities, and spectrum allocation commitments. Additionally, navigating complex regulatory environments-including international airspace coordination, spectrum licensing, and compliance with cross-border regulations-can impede market expansion and delay deployment timelines.
Regional Outlook: North America Expected to Lead
The North American market for 5G non-terrestrial networks is projected to capture a significant revenue share and exhibit strong compound annual growth over the forecast period. This growth is driven by the widespread adoption of smart connected devices, the integration of industrial IoT ecosystems, and the accelerated rollout of 5G services. Additionally, increasing demand for reliable connectivity in rural and underserved areas, coupled with the growing use of IoT-enabled applications, is anticipated to further propel market development in the region.
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Segmentation of 5G Non-Terrestrial Networks Market-
By Component Type-
• Hardware
• Solutions
• Services
By Platform-
• Unidentified Aerial System (UAS) Platform
• Low-Earth Orbit (LEO) Satellite
• Medium Earth Orbit (MEO) Satellite
• Geosynchronous Equatorial Orbit (GEO) Satellite
By Application-
• Enhanced Mobile Broadband (EMBB)
• Ultra-Reliable Low Latency Communications (URLLC)
• Massive Machine Type Communications (MMTC)
By End-user-
• Aerospace & Defense
• Government
• It & telecom
• Mining
• Maritime
• Others.
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/5g-non-terrestrial-networks-market-/1921
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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This release was published on openPR.
