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5G NTN market to hit $16.1 bn by 2027

The 5G NTN market is projected to grow from USD 3.2 billion in 2022 to USD 16.1 billion by 2027, at a CAGR of 38.2%.

By platform, LEO satellite to register higher CAGR during the forecast period
LEO is emerging as a preferred solution to develop a 5G NTN system to enhance network coverage and offer ample opportunities to bridge the connectivity divide. Countries in the Middle East & Africa, such as Saudi Arabia and Abu Dhabi, are leveraging the capabilities of LEO technology to their vision for 2030.

Governments in various countries are also supporting the expansion of network coverage by integrating the terrestrial network with LEO satellite to build a 5G NTN system.In July 2019, the Government of Canada and Telesat signed a deal of USD 600 million to reduce the connectivity gap across Canada with the LEO satellite constellation of Telesat.

In August 2022, MediaTek and Rohde & Schwarz collaborated to demonstrate the capabilities of 5G NTN to provide more reliable and fast connectivity by executing a NodeB network (gNB) test over an LEO satellite. The company has achieved a new 5G milestone by powering a smartphone with a 5G NTN connection for the first time.

By application, eMBB to account for the largest market share during the forecast period
5G NTN focused on the deployment of eMBB to provide high bandwidth with moderate latency, support high mobility of approximately 500 Kmph, and handle 10,000 times more traffic. There are a few use cases mentioned in release-18 related to eMBB, which include mobility enhancement, MIMO, and network power saving. Various leading players are adopting enhanced mobile broadband to offer 5G network connectivity similar to LTE services. With 5G NTN, eMBB services provide excellent broadband connectivity in rural and under-served areas on moving platforms, such as aircraft and vessels.

Asia Pacific to register the highest CAGR during the forecast period
The growth of the 5G NTN market in the Asia Pacific is highly driven by the existence of a large population, developing infrastructure and technology.The need to improve public safety in disaster and other emergency situations is also a major driver to adoption of 5G NTN solutionsin this region.

The region is witnessing a surge in smart infrastructures, such as smart city projects, creating a greater demand for public safety and security technologies such as surveillance systems, scanning and screening systems, and critical communication networks.Various industries such as aerospace, maritime, defense, and others are adopting integrated 5G network and satellite-based solutions to enhance network coverage in diverse locations.

In the marine industry, maritime satellite technology has been adopted to leverage advanced communication networks to establish communication with employees working at remote offshore locations.

CT Bureau

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