5G NTN Market is predicted to reach USD 67.177 billion at a CAGR of 41.00% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global 5G NTN Market”.

The 5G NTN market is estimated to register a CAGR of 41.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global 5G NTN market - Anritsu Corporation, Keysight Technologies, Ericsson, Mediatek, Softbank Group, Echostar Corporation, Intelsat, Qualcomm Technologies, Rohde & Schwarz, Thales Group, and LTE Corporation.

Market Highlights

The global 5G NTN market is expected to register a CAGR of 41.00% during the forecast period and is estimated to reach USD 67.177 billion by 2032.

The demand for data-intensive apps and services, together with the expanding number of connected devices, is driving the need for faster and more dependable wireless networks. The 5G NTN market is expanding as a result of 5G technological advancements and rising 5G device use. Furthermore, the industry is expanding because of significant investments made by governments and telecom corporations in 5G infrastructure.

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Segment Analysis

The global 5G NTN market has been segmented into component, platform, application, end-use industry, and location.

On the basis of component, the market is segmented into Hardware, Solutions, and Services (Deployment Services, Connectivity Services). The hardware segment was attributed to holding the largest market share in 2023. This category comprises a wide range of essential equipment needed for deployment and operation, which adds to the overall cost. Naturally, this market segment receives the majority of investment in the 5G NTN ecosystem since robust, high-quality hardware is essential for ensuring durable, ubiquitous connectivity, particularly in underdeveloped and remote areas. As a result, the market segment becomes dominant.

Based on the platform, the global 5G NTN market has been segmented into UAS Platform, LEO Satellite, MEO Satellite, and GEO Satellite. The LEO Satellite segment was expected to hold the largest market share in 2023 because it can provide global coverage and low-latency connectivity. In order to provide high-speed, low-latency connection, 5G networks can consider using low-Earth orbit (LEO) satellites, particularly in areas with limited terrestrial infrastructure.

Based on application, the global 5G NTN market has been segmented into EMBB, URLLC, and MMTC. The MMTC segment was expected to hold the largest market share in 2023. MMTC is the ideal option for large-scale sensor installations because of its low power and bandwidth needs in the fields of agriculture, smart cities, and environmental monitoring. Its wide range of applications and the growing need for IoT solutions are driving its market expansion for 5G NTNs.

Based on the end-use industry, the global 5G NTN market has been segmented into Maritime, Aerospace and Defense, Government, Mining, and Other End-use Industries. The aerospace and defense segment was expected to hold the largest market share in 2023. This is due to guaranteeing worldwide connectivity, real-time data transfer, and operational efficiency for military and aerospace applications; these industries make substantial use of modern satellite communication and other non-terrestrial technology. They are the main drivers of demand in the 5G NTN market due to their large investment in state-of-the-art communication infrastructure.

Based on location, the global 5G NTN market has been segmented into Urban, Rural, Remote, and Isolated. The remote segment was expected to hold the largest market share in 2023. The NTN system will expand its network coverage to a number of locations that are not covered by terrestrial service. Additionally, it would guarantee connectivity in isolated industries like mining and oil & gas exploration, as well as rural areas with poor internet access. In order to facilitate remote work, 5G technology and services for remote education are being embraced. Rewriting rules and procedures to allow remote work and labor migration from urban to rural locations is a common practice across many businesses.

Regional Analysis

The global 5G NTN market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe 5G NTN market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The 5G NTN market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World 5G NTN market comprises the Middle East, Africa, and Latin America.

The largest market share for 5G NTN was maintained by the North American regional sector because many companies are creating and offering 5G communication solutions and because the region has a strong 5G penetration rate. Furthermore, the significant government investment in the aerospace and defense industries has led to their growth, which advances the regional market even more.

Moreover, the Europe market has been persistently growing over the forecast period. The region's increasing use of smart connected devices, the growth of the Industrial Internet of Everything (IloE), and the growing commercialization of 5G services are all driving forces behind the spike in demand for 5G NTN solutions. Owing to a strong ecosystem and an aggressive attitude to technical improvements, the region has seen a significant increase in the implementation of 5G services.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the expanding number of satellite launches, the growing need for improved network connectivity, the growing consumer base for high-speed internet, and increased investment in the telecom sector by governments and foreign players.

Furthermore, the rest of the world's 5G NTN market is divided into the Middle East, Africa, and Latin America. The need to improve public safety during emergency and disaster situations is a major driving force behind the implementation of 5G NTN technologies in the rest of the world. Additionally, to interact with employees operating at remote offshore locations, the maritime industry has embraced maritime satellite technology. This allows them to access state-of-the-art communication networks. Consequently, this will propel the rest of the world's market expansion.

Key Findings of the Study

• The global 5G NTN market is expected to reach USD 67.177 billion by 2032, at a CAGR of 41.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because the demand for better network connectivity and the number of satellite launches are both rising.


• Based on application, the MMTC segment was attributed to holding the largest market in 2023.


• Anritsu Corporation, Keysight Technologies, Ericsson, Mediatek, Softbank Group, Echostar Corporation, Intelsat, Qualcomm Technologies, Rohde & Schwarz, Thales Group, and LTE Corporation are the key market players.