Global 5G Satellite Communication

Global 5G Satellite Communication Market Research Report: Forecast (2023-2028)

By Solutions (Backhaul and Tower Feed, Trunking and Head End Feed, Communication-On-the-Move, Hybrid Multiplay), By Orbit ((Geosynchronous Earth Orbit (Large, Heavy, Extra Heavy), Medium Earth Orbit ( Read more

  • ICT & Electronics
  • Dec 2022
  • 232
  • IT88013

Market Definition

5G networks are likely to come around as the first generation of cellular communications that would substantially leverage satellite communications with the advent of technologies like the Internet of Things for applications like tracking, telematics, & navigation, among others. It shall expand the network scalability & seamlessly provide coverage across areas while addressing challenges of existing communication infrastructure.

The 5G Satellite Communication system supports three significant categories of connected services. These include better mobile broadband services to support Augmented Reality (AR) & Virtual Reality (VR) experiences that need low latency & high throughput, mission-critical communications that require low latency & uninterrupted network availability for applications like autonomous vehicles, remote controlling critical infrastructure, etc., and exponential IoT installations for anywhere connectivity. Hence, several prominent companies actively invest in the industry to develop 5G satellite communication networks.

Market Insights

The Global 5G Satellite Communication Market is projected to grow at a CAGR of around 28.91% during the forecast period, i.e., 2023-28. The market is driven primarily by the integration of advanced technologies like the Internet of Things (IoT), Artificial Intelligence (AI) & autonomous technologies into 5G satellite communication in various applications across sectors like defense, government, consumer goods, energy & utility, and many others to provide better connectivity in the current networking infrastructure. Besides, since these technologies need a vast & secure network of connections to execute operations effectively without interruptions, the demand for 5G satellite communication is rising substantially. In fact, several prominent leaders & companies are actively taking various initiatives and participating in the market proliferation. For instance:

In March 2021, Samsung announced its plan to develop an autonomous driving chip in next-generation self-driving vehicles to offer central control & autonomous driving experience by exchanging data in real-time through multiple data centers of Google.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 28.91%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Russia, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Rest of Asia Pacific
Rest of World
Key Companies Profiled Eutelsat S.A., Airbus S.A.S, Avanti Communications Group PLC, Gilat Satellite Networks, GomSpace A/S, OHB SE, Quortus, SpaceX, The Boeing Company, and the Thales Group.
Unit Denominations USD Million/Billion

 

Moreover, several prominent players & governments of different countries are keenly interested in the maturity of multiple technologies, like IoT, AI, etc., in 5G satellite communication by investing substantially in the market. Furthermore, extensive deployment of monitoring systems as a part of the Internet of Things (IoT) is expected in the coming years. These systems will be connected to the 5G ecosystem using M2M devices and sensors to offer diverse applications. In some instances, these devices will be connected via satellites with the help of bandwidth & power-efficient terminals.

Key Trends: Thriving Work-from-Home Culture

With a rapid surge in Covid-19 cases, the governments of different countries had to impose stringent movement limitations & frequent lockdowns to curb the virus spread. Consequently, the deployment of satellite communication solutions could not take place. However, most industries dramatically shifted toward working from home, which fueled the demand for continuous network connections and promoted satellite communication services. In fact, some countries used satellite communication technologies to identify demographics across contagious areas & gathering databases of local geography amidst the crisis.

Global 5G Satellite Communication Market Research Report: Forecast (2023-2028)

Market Segmentation

Based on the End-User,

  • Defense & Government
  • Aviation
  • Transportation & Logistics
  • Consumer Electronics
  • Heavy Industries (Construction & Mining)
  • Energy & Utilities (Oil & Gas, Utilities (Smart Grid))
  • Others (Smart Cities, Banking & Retail, Healthcare, Media & Entertainment)

Here, the Defense & Government Sector is anticipated to witness significant market growth in the forecast period. It owes principally to the mounting demand for continuous network flow in critical applications like surveillance missions, especially across regions with difficult reachability. Moreover, the growing need to expand the number of satellite development projects initiated by the governments of different countries & strengthen military equipment & national security are other crucial aspects driving the segment. On the other hand, the soaring demand for communication services with well-established broadband connectivity across remote areas like islands, villages, mountains, & isolated areas, among others, coupled with an accelerating number of mobile users & internet service providers, especially across the Media & Entertainment sector, are fueling the market growth.

Based on the Orbit,

  • Geosynchronous Earth Orbit
  • Medium Earth Orbit
  • Low Earth Orbit

Of them all, Nano Satellites acquired the largest market share in recent years & are anticipated to prevail in the same trend during the forecast period. It owes principally to the swiftly increasing number of research & development initiatives relating to nanosatellites by the governments of different countries worldwide. Moreover, the adoption of Nanosatellites & Microsatellites is substantially surging across sectors like civil, defense & government, energy & utilities, commercial, etc., for multiple low-cost space missions like earth observation, geolocation, signal monitoring, & communications. Other than this, the rapid technological advancements in the optics & communicating capabilities of smaller spacecraft for remote sensing & imaging applications are likely to create new avenues for nanosatellites. Besides, incorporating these satellites to provide additional backhaul, and deliver better network connectivity across remote & rural areas, has led to market expansion in the historical period.

Regional Projection

Geographically, the Global 5G Satellite Communication Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of them all, North America is anticipated to attain a significant market share during the forecast period. It owes principally to the rising demand for an uninterrupted & continuous flow communication network, especially in the defense sector of the US, to strengthen connectivity & equipment and establish high-throughput satellite services. Besides, the advent of cloud-based communication networks in the military has enhanced ground mobility activities. In a bid to strengthen the communication ecosystem, several governments in North America are making notable efforts to bring forth unexplored networking & navigation systems. It is primarily because of the region's vast coastal area that has necessitated an untapped communication network for surveillance & monitoring activities. Besides, increasing commercial activities & trade is likely to infuse the demand for maritime safety & surveillance, thereby maximizing the sales of advanced satellite communication.

On the other hand, Asia-Pacific is likely to create growth opportunities for the leading market players in the coming years. The mounting appetite to bring a revolution for higher speed & low latency broadbands and devise a platform with widespread access to digital services like e-health is responsible for such phenomenal growth. For instance,

  • In March 2022, Nelco and Omnispace collaborated to deliver 5G using satellites in South Asia and India.

In addition, the rising setup for satellite antennas owing to the mounting demand for telecommunications, IT, and aviation networks further enthralls the industry. Likewise, the European market, on account of the rising focus on smart city & infrastructure developments, seems to thrive in the coming years. The swiftly escalating adoption of satellite communication with 5G technology across industries like civil & defense is another crucial aspect bolstering the market growth across the region.

Recent Developments in the Market

  • In July 2022, Wireless technology innovator Qualcomm Technologies, Inc. and Thales Group partnered to take 5G beyond the Earth, across a network of Earth-orbiting satellites.
  • In July 2021, Thales Alenia Space incorporated with Leonardo and partnered with Hellas Sat to perform a 5G demonstration to provide a 5G network to remote areas in Greece & Cyprus.

Market Dynamics

Key Driver: Notable Adoption in the Aviation Sector

The swift adoption of the Internet of Things (IoT) in the aviation industry in applications like real-time data exchange across processing units for optimizing operations in the sector has accelerated the industry in the historical period. Along similar lines, 5G Satellite Communications technologies are likely to present faster data exchange & reduce the overall process time, thereby gaining significant momentum across the aviation sector.

Possible Restraint: Escalating Cybersecurity Concerns

In recent years, satellite communication technology has been viewed as a new phenomenon for communication, displaying more vulnerabilities to cyberattacks & threats. These mission-critical vulnerabilities can include hindrances in activities like launch systems, tracking, surveillance, & national security, among others, which might challenge its deployment in the coming years.

Do You Require Further Assistance?

  • For information on the current market conditions, talk to one of our knowledgeable analysts.
  • To make the report more suited to your needs, add more segments and nations.
  • By utilising the report properly and having a positive impact on your operations and income, you can achieve an unmatched competitive advantage in your industry.
  • Please contact our analysts if you need further help.

Frequently Asked Questions

A. The 5G Satellite Communication Market is projected to grow at a CAGR of around 28.91% during 2023-28.

A. Notable adoption in the aviation sector is likely to drive the market during 2023-28.

A. The prominent players in the market are Eutelsat S.A., Airbus S.A.S, Avanti Communications Group PLC, Gilat Satellite Networks, GomSpace A/S, OHB SE, Quortus, SpaceX, The Boeing Company, and the Thales Group.

A. Nano Satellites is anticipated to emerge as an area of remunerative opportunities for the leading players in the 5G Satellite Communication Market during the forecast period.

A. Globally, North America would provide lucrative prospects for the 5G Satellite Communication Market in the years ahead.

A. Thriving work-from-home culture is expected to shape the industry during the period of 2023-28.

A. Escalating cybersecurity concerns is the key restraint affecting the growth of the 5G Satellite Communication Market during 2023-28.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on 5G Satellite Communication Market
  5. Global 5G Satellite Communication Evolution
  6. Global 5G Satellite Communication Technology Timeline
  7. Global 5G Satellite Communication Roll out Models & Roll Out Timeline
  8. Global 5G Satellite Communication Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  9. Global 5G Satellite Communication Opportunity & Hotspots
  10. Global 5G Satellite Communication Value Chain Analysis
  11. Global 5G Satellite Communication Trends & Insights
  12. Global 5G Satellite Communication Policies and Regulatory Landscape
  13. Global 5G Satellite Communication Technology Intellectual Property Rights Analysis
  14. Global 5G Satellite Communication Market, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Solutions
        1. Backhaul and Tower Feed
        2. Trunking and Head End Feed
        3. Communication-On-the-Move
        4. Hybrid Multiplay
      2. By Orbit
        1. Geosynchronous Earth Orbit (Large, Heavy, Extra Heavy)
        2. Medium Earth Orbit (Medium,Intermediate)
        3. Low Earth Orbit (Small, Mini, Pico, Nano, Micro)
        4. Others
      3. By End Users
        1. Defense & Government
        2. Aviation
        3. Transportation & Logistics
        4. Consumer Electronics
        5. Heavy Industries (Construction & Mining)
        6. Energy & Utilities (Oil & Gas, Utilities (Smart Grid))
        7. Others (Smart Cities, Banking & Retail, Healthcare, Media & Entertainment)
      4. By Region
        1. Asia-Pacific
        2. North America
        3. Europe
        4. Rest-of-the-World
      5. By Competition
        1. Key Alliances
  15. North America 5G Satellite Communication Market, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Country
        1. The US
        2. Canada
        3. Mexico
  16. Europe 5G Satellite Communication Market, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Country
        1. The UK
        2. Germany
        3. France
        4. Russia
        5. Rest of Europe
  17. Asia Pacific 5G Satellite Communication Market, 2018-2028F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Country
        1. China
        2. Japan
        3. South Korea
        4. India
        5. Rest of Asia Pacific
  18. Company Profiles
    1. Airbus SAS
    2. Avanti Communication Group PLC
    3. Eutelsat SA
    4. Gomspace A/S
    5. Gilat Satellite Networks
    6. Quortus
    7. OHB SE
    8. Space Exploration Technologies Corporation
    9. The Boeing Company
    10. Thales Group
    11. Others
  19. Disclaimer
5G Satellite Communication Market Segmentation