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5G NTN Trends and Forecast

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 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.
5G NTN Market by Component, End Use Industry, Platform, and Application

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
5G NTN Market by Segments

5G NTN by Segment

The study includes a forecast for the global 5G NTN by component, end use industry, platform, application, and region.

5G NTN Market by Component [Shipment Analysis by Value from 2018 to 2030]:


• Hardware
• Solutions
• Services

5G NTN Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:


• Maritime
• Aerospace
• Defense
• Government
• Mining

5G NTN Market by Platform [Shipment Analysis by Value from 2018 to 2030]:


• UAS Platform
• LEO Platform
• MEO Platform
• GEO Platform

5G NTN Market by Region [Shipment Analysis by Value from 2018 to 2030]:


• North America
• Europe
• Asia Pacific
• The Rest of the World

List of 5G NTN Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies 5G NTN companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the 5G NTN companies profiled in this report include-
• Qualcomm
• SoftBank Group
• Thales Group
• Keysight Technologies
• MediaTek
• Rohde & Schwarz
• Anritsu Corporation
• EchoStar Corporation
• ZTE Corporation
• Spirent Communications

5G NTN Market Insights

5G NTN Market Insights
Lucintel forecasts that solutions will remain the largest segment over the forecast period due to operatorsÄX%$%X 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.
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.

Features of the Global 5G NTN Market

Market Size Estimates: 5G NTN market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: 5G NTN market size by various segments, such as by component, end use industry, platform, application, and region in terms of value ($B).
Regional Analysis: 5G NTN market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different component, end use industry, platform, application, and regions for the 5G NTN market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the 5G NTN market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the 5G NTN market size?
Answer: The global 5G NTN market is expected to reach an estimated $27.7 billion by 2030.
Q2. What is the growth forecast for 5G NTN market?
Answer: The global 5G NTN market is expected to grow with a CAGR of 33.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the 5G NTN market?
Answer: The major drivers for this market are rising demand for data-intensive services and applications, growing adoption of 5G devices, as well as, governments and telecom firms are making significant investments in 5G infrastructure.
Q4. What are the major segments for 5G NTN market?
Answer: The future of the global 5G NTN market looks promising with opportunities in the maritime, aerospace, defense, government, and mining markets.
Q5. Who are the key 5G NTN market companies?
Answer: Some of the key 5G NTN companies are as follows:
• Qualcomm
• SoftBank Group
• Thales Group
• Keysight Technologies
• MediaTek
• Rohde & Schwarz
• Anritsu Corporation
• EchoStar Corporation
• ZTE Corporation
• Spirent Communications
Q6. Which 5G NTN market segment will be the largest in future?
Answer: Lucintel forecasts that solutions will remain the largest segment over the forecast period due to operatorsÄX%$%X 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.
Q7. In 5G NTN market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the 5G NTN market 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)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

For any questions related to 5G NTN Market, 5G NTN Market Size, 5G NTN Market Growth, 5G NTN Market Analysis, 5G NTN Market Report, 5G NTN Market Share, 5G NTN Market Trends, 5G NTN Market Forecast, 5G NTN Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents

1. Executive Summary

2. Global 5G NTN Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global 5G NTN Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global 5G NTN Market by Component
3.3.1: Hardware
3.3.2: Solutions
3.3.3: Services
3.4: Global 5G NTN Market by End Use Industry
3.4.1: Maritime
3.4.2: Aerospace
3.4.3: Defense
3.4.4: Government
3.4.5: Mining
3.5: Global 5G NTN Market by Platform
3.5.1: UAS Platform
3.5.2: LEO Platform
3.5.3: MEO Platform
3.5.4: GEO Platform
3.6: Global 5G NTN Market by Application
3.6.1: Enhanced Mobile Broadband (EMBB)
3.6.2: Ultra Reliable and Low Latency Communications (URLCC)
3.6.3: Massive Machine-Type Communications (MMTC)

4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global 5G NTN Market by Region
4.2: North American 5G NTN Market
4.2.1: North American 5G NTN Market by Component: Hardware, Solutions, and Services
4.2.2: North American 5G NTN Market by End Use Industry: Maritime, Aerospace, Defense, Government, and Mining

4.3: European 5G NTN Market
4.3.1: European 5G NTN Market by Component: Hardware, Solutions, and Services
4.3.2: European 5G NTN Market by End Use Industry: Maritime, Aerospace, Defense, Government, and Mining
4.4: APAC 5G NTN Market
4.4.1: APAC 5G NTN Market by Component: Hardware, Solutions, and Services
4.4.2: APAC 5G NTN Market by End Use Industry: Maritime, Aerospace, Defense, Government, and Mining
4.5: ROW 5G NTN Market
4.5.1: ROW 5G NTN Market by Component: Hardware, Solutions, and Services
4.5.2: ROW 5G NTN Market by End Use Industry: Maritime, Aerospace, Defense, Government, and Mining

5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis

6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global 5G NTN Market by Component
6.1.2: Growth Opportunities for the Global 5G NTN Market by End Use Industry
6.1.3: Growth Opportunities for the Global 5G NTN Market by Platform
6.1.4: Growth Opportunities for the Global 5G NTN Market by Application
6.1.5: Growth Opportunities for the Global 5G NTN Market by Region
6.2: Emerging Trends in the Global 5G NTN Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global 5G NTN Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global 5G NTN Market
6.3.4: Certification and Licensing

7. Company Profiles of Leading Players
7.1: Qualcomm
7.2: SoftBank Group
7.3: Thales Group
7.4: Keysight Technologies
7.5: MediaTek
7.6: Rohde & Schwarz
7.7: Anritsu Corporation
7.8: EchoStar Corporation
7.9: ZTE Corporation
7.10: Spirent Communications
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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