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The increased use of connected devices is projected to promote innovation in 5G NTN manufacturing, propelling the market during the forecast period.

The global 5G NTN market is expected to grow from $3.28 billion in 2022 to $4.51 billion in 2023 at a compound annual growth rate (CAGR) of 37.56%. The global 5G NTN market size is expected to reach $11.72 billion in 2027 at a CAGR of 26.96%.

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Global 5G NTN Market Segments Include:

• By Component: Hardware, Solutions, Services
• By Platform: UAS Platform, LEO Platform, GEO Platform, MEO Platform
• By Application: Enhanced Mobile Broadband (EMBB), Ultra-Reliable Low-Latency Communication (URLLC), Massive Machine-Type Communications (MMTC)
• By End-User: Maritime, Aerospace And Defense, Government, Mining, Other End-Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global 5G NTN market in 2021.

Major Market Players in the 5G NTN market include Anritsu Corporation, AST and Science LLC, GateHouse SatCom A/S, Globalstar Inc, Gilat Satellites Network, EchoStar Corporation, Media Tek Inc, Nelco Limited, Inmarsat Global Limited.

Technological developments are the most prevalent trend in the 5G NTN industry. To strengthen their market position, major players in the 5G NTN market are focusing on developing innovative products. For example, Samsung, a South Korean mobile device manufacturer, launched a new, secure, and standardised 5G non-terrestrial network in February 2023. NTN technology from Samsung will help global telecom operators, mobile device manufacturers, and chip manufacturers improve service interoperability and scalability. This technology will be built into Samsung’s Exynos modem solutions, accelerating the commercialization of 5G satellite communications and paving the way for the 6G-powered Internet of Everything (IoE).

The 5G NTN Global Market Report 2023  provides a 5G NTN market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 5G NTN market forecast analyzes 5G NTN market size, 5G NTN market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A 5G non-terrestrial network (NTN) is a wireless communication network that provides high-speed internet and other communication services via satellites, drones, or other airborne platforms. 5G NTN uses space or the upper atmosphere to provide global coverage with higher capacity.

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