5G non-terrestrial networks market projected to reach $27.7 billion by 2030

Latest analysis has shown significant growth prospects within the global 5G Non-Terrestrial Networks (NTN) market, with expectations to reach a substantial $27.7 billion by 2030, advancing at a robust compound annual growth rate (CAGR) of 33.2% from 2024 to 2030, according to Research and Markets.

The expansive growth of the market is attributed to the increasing demand for data-intensive services and applications, coupled with the surge in adoption of 5G devices. The acceleration of the 5G NTN market is further fueled by formidable investments from governments and telecom firms in 5G infrastructure development, signaling a revolution in communication technologies with a direct impact on numerous industry verticals.

Regional Analysis
The report indicates North America as the region to experience the highest growth trajectory over the forecast period, driven by concentrated investments in R&D and the wide-scale adoption of 5G technologies in the United States.

Market Insights
Solutions are projected to maintain supremacy as the largest segment during the forecast period, attributed to the need for 5G infrastructure to enhance connectivity and minimize operational costs. Innovative test solutions are being launched by noteworthy companies to evaluate the affordability, efficiency, and reliability of 5G NTN systems before full-fledged deployment.

Competitive Analysis
Competitive intensity remains high within the 5G NTN market landscape. Prominent players are engaged in expansion of manufacturing capabilities, deepening of research and development endeavors, and strategic integration across the value chain. These activities are streamlined to meet escalating demand, foster product innovation, decrease production costs, and extend customer bases.

Notable companies include Qualcomm, SoftBank Group, Thales Group, Keysight Technologies, along with others like MediaTek, Rohde & Schwarz, Anritsu Corporation, EchoStar Corporation, ZTE Corporation, and Spirent Communications. Research and Markets