5G NTN Market Report 2022: Need for NTN in Evolution Toward 5G and 6G Presents Opportunities
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Tuesday, March 14, 2023
Hardware, Government, Defense, Telesat, 5G, Kilometres per hour, Aircraft, LTE, Component, GNB, Communication, EMBB, NTN, Node B, Local government in Canada, Rohde & Schwarz, Ericsson, MIMO, Growth, URLLC, LEO, Smartphone, MMTC, MediaTek, MEA, Automation, USD, G, Mobile phone, Communications satellite, Mining
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% during the forecast period.
Key Points:
- 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% 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.
- The company has achieved a new 5G milestone by powering a smartphone with a 5G NTN connection for the first time.
- With 5G NTN, eMBB services provide excellent broadband connectivity in rural and under-served areas on moving platforms, such as aircraft and vessels.