Kings Research™ presents this information in its report titled, “5G NTN Market Size, Share & Industry Analysis,By Component (Hardware, Software, Services), By Application (EMBB, URLLC, MMTC), By Location (Urban, Rural, Remote, Isolated), By End Use (Maritime, Aerospace & Defense, Government, Mining, Others) and Regional Analysis, 2024-2031

5G NTN Market was expected to be UUSD 4.99 billion in 2023, projected to rise at a compound annual growth rate CAGR of 30.60% from 2024 to 2031, and estimated to be USD 41.78 billion in 2031.

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Regional Growth and Opportunities:

Regionally, North America holds the largest share in the 5G NTN market due to its advanced technological infrastructure and significant investments in satellite communications. However, Asia-Pacific is emerging as the fastest-growing market, with a projected share of 26.78% by 2031. The region's rapid growth is fueled by substantial investments in satellite constellations, aerial platforms, and cross-border collaboration initiatives that ensure seamless connectivity and roaming services across diverse regulatory landscapes.

Market Segmentation Insights

• Component: The hardware segment held the largest market share of 68.60% in 2023, driven by the increasing deployment of advanced communication infrastructure.
• Application: Enhanced Mobile Broadband (EMBB) generated the highest revenue of USD 2.55 billion in 2023, highlighting the growing demand for high-speed internet access.
• Location: The remote segment is anticipated to witness significant growth at a CAGR of 30.86% over the forecast period, reflecting the need for connectivity in isolated areas.
• End Use: The aerospace & defense segment is projected to account for a substantial share of 39.91% by 2031, underscoring the importance of secure and resilient communication networks in mission-critical operations

By Location:
The market is separated into four categories based on location: urban, rural, remote, and isolated. In 2023, the remote segment attracted the most share of 55.89%. Because of their tough geographic geography and sparse terrestrial infrastructure, remote places frequently have connectivity gaps that are difficult for traditional networks to fill.

Key Companies in 5G NTN Market

• SES S.A.
• EchoStar Corporation
• AST & Science, LLC
• oneweb.net.
• Rohde & Schwarz
• Gatehouse Satcom A/S
• Omnispace, LLC
• Thales
• Skylo
• Keysight Technologies

Strategic Collaborations and Technological Integration

The market's expansion is further accelerated by strategic partnerships and collaborations among satellite operators, telecommunications companies, and technology providers. These collaborations facilitate innovation and drive market growth by integrating terrestrial and non-terrestrial networks, thus opening new avenues for revenue generation and market differentiation.

By 2031, Europe is expected to bring in a significant amount of money—USD 9.66 billion. The region's multi-access edge computing (MEC) infrastructure and 5G NTN technological convergence are the primary drivers of this expansion. Thanks to this integration, European operators may now offer cutting-edge services like high-bandwidth, low-latency autonomous cars, augmented reality (AR), and virtual reality (VR).

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