5G NTN Market Summary
As per Market Research Future Analysis, the 5G NTN Market was valued at 6.06 USD Billion in 2024 and is projected to grow to 265.43 USD Billion by 2035, reflecting a CAGR of 41.00% from 2025 to 2035. The market is driven by the increasing demand for high-speed connectivity, advancements in satellite technology, and supportive government initiatives. Key sectors leveraging this technology include telecommunications, aerospace, and healthcare, highlighting the market's expansive potential.
Key Market Trends & Highlights
The Global 5G NTN market is witnessing significant growth due to various factors.
- Market Size in 2024: USD 6.06 Billion; Expected to reach USD 265.43 Billion by 2035.
- Satellite Communication segment valued at USD 1.2 Billion in 2023; projected to grow to USD 15.0 Billion by 2032.
- North America market value in 2023: USD 1.2 Billion; expected to rise to USD 16.0 Billion by 2032.
- Government investments are accelerating the deployment of 5G NTN technologies.
Market Size & Forecast
2024 Market Size | USD 6.06 Billion |
2035 Market Size | USD 265.43 Billion |
CAGR (2024-2035) | 41.00% |
Major Players
Key Companies include Siemens, Nokia, Amazon, Huawei, Qualcomm, Samsung, NEC, SpaceX, OneWeb, Iridium Communications, Telesat, ViaSat, Ericsson, AST SpaceMobile, Intel.