As per the report published by Kings Research, the global 5G NTN Market was valued at USD 4.99 billion in 2023. The market is projected to reach USD 41.78 billion by 2031, growing at a CAGR of 30.60% from 2024 to 2031.

Keysight Technologies

As the digital landscape evolves, driven by the increasing reliance on data-driven applications, IoT devices, and emerging technologies such as AI and augmented reality, the demand for robust and reliable connectivity solutions is projected to surge. 5G NTN solutions address this demand by leveraging non-terrestrial infrastructure, including satellites, high-altitude platforms, and drones, to extend connectivity to remote, rural, and underserved areas, thereby bridging the digital divide and fostering inclusive growth.

Moreover, strategic partnerships and collaborations between satellite operators, telecommunications companies, and technology providers are facilitating innovation and driving market expansion. Tapping into the collaboration between terrestrial and non-terrestrial networks, enables stakeholders to explore new opportunities for revenue generation, market differentiation, and societal impact.

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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

Key Insights

• Based on component, the hardware segment held the largest market share of 68.60% in 2023
• Based on application, the EMBB segment generated the highest revenue of USD 2.55 billion in 2023
• Based on location, the remote segment is anticipated to witness significant growth at a CAGR of 30.86% over 2024-2031
• Based on end use, the aerospace & defense segment is projected to account for a share of 39.91% by 2031
• On the basis of region, Asia-Pacific is estimated to register a share of 26.78% by 2031

Skylo Technologies Partners with Samsung to Enhance NTN Services

October 2023: Skylo Technologies, a prominent provider of non-terrestrial network (NTN) services, forged a significant partnership with Samsung Electronics' System LSI Business, renowned for its cutting-edge semiconductor technology. This collaboration aims to advance connectivity solutions by integrating NTN support into Samsung's premier 5G chipsets, thereby elevating next-generation connectivity to unprecedented levels.

Asia-Pacific to Record at a Robust CAGR of 34.39% Over 2024-2031

Based on region, the global 5G NTN market is classified into North America, Europe, Asia Pacific, MEA, and Latin America.

Asia-Pacific's rapid growth in the 5G NTN market is fueled by key technological advancements and collaborative efforts. The region is witnessing significant investment in satellite constellation deployment, capitalizing on its vast geography to address the digital divide. Aerial platforms such as HAPs and UAVs offer agile and cost-effective solutions, particularly beneficial in urban and remote areas.

Moreover, cross-border collaboration initiatives ensure interoperability, thereby facilitating seamless connectivity and roaming services across diverse regulatory landscapes. With these strategic developments, Asia-Pacific emerges as the fastest-growing market for 5G NTN, poised to meet the rising demand for high-speed broadband services and foster innovation in telecommunications across the region.

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.

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