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5G Satellite Communication Market Size, Share, and COVID-19 Impact Analysis, By Orbit (Geostationary Earth Orbit (GEO), Medium Earth Orbit (MEO), Lower Earth Orbit (LEO), and Others), By End User (Government, Defense, and Commercial), By Solution Type (Trunking and Head-end Feed, Backhauling and Tower Feed, Communications on the Move, and Hybrid Multiplay), By Frequency bands (S-band (2,4 GHz), C-band (4,8 GHz), Ku band and Ka band (12,18 GHz), and Others), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI108387 | Status : UpcomingSatellite communication has long been treated as a separate technology from mobile networking. In remote and rural locations, connectivity to automobiles, boats, planes, and other IoT devices will be managed by networks using the next generation of satellites, which are constructed using 5G architecture. Users will use 5G to access enhanced mobile broadband (eMBB) services like online VR/AR gaming and 8K video streaming. These immersive experiences may globally transfer increased data speeds to facilitate seamless delivery and reduced latency to mobile devices thanks to 5G-enabled satellite communication. The global 5G satellite communication market size is poised to expand at a significant CAGR over the study period.
The integration of the newest 5G networks with communication satellites is called 5G satellite communication. 5G satellite rounds below the geostationary satellites in lower earth orbit, generally between 300 to 1200 miles above the earth, almost 2.5 times faster than geostationary satellites. Also, the growing demand for satellite communication in the maritime industry significantly contributes to this market.
The use of small satellites by the space and defense industry for different uses, such as tactical communication, medium-resolution imagery, and atmospheric research, is increasing gradually. The aviation industry also uses low-latency satellite communication for air traffic control and improved airline operations. Due to technological advancements in 5G, such as high speed, low latency, and reduced energy consumption, satellite communication now caters to many sectors more efficiently.
However, the huge number of space debris and space traffic congestion hinder 5G satellite communication, which can slow the 5G satellite communication market’s growth. Furthermore, security concerns must also be raised as innovative technologies are developed in 5G satellite communication. Advanced cyber security cases are the new business concerns to protect communication channels.
Impact of COVID-19 on the Global 5G Satellite Communication Industry:
The COVID-19 pandemic significantly impacts the global 5G satellite communication market due to the complete lockdown in several high-growth regions during the pandemic. Also, global disruption in the supply chain industry resulted in reduced production and delayed delivery. But, the increasing use of autonomous vehicles, computer vision for surveillance, online video streaming, robotic process, and the introduction of advanced IOT devices help to expand this market. As the pandemic is normal again, the 5G satellite communication market is also experiencing growth in the coming years due to the technological boom.
The global 5G satellite communication industry can be segmented into different types. By satellite earth orbit, it can be segmented into Geostationary Earth Orbit (GEO), Medium Earth Orbit (MEO), Lower Earth Orbit (LEO), and others. Based on solution type, the 5G satellite communication market can be divided into Trunking and Head-end Feed, Backhauling and Tower Feed, Communications on the Move and Hybrid Multiplay. Based on frequency bands, this market can be fragmented into S-band (2–4 GHz), C-band (4–8 GHz), Ku band and Ka band (12–18 GHz), and others bands. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.
Key Insights:
The report will cover the following key insights:
- The report analyzes a detailed industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the global 5G satellite communication market based on various segments.
- The report also analyzes comprehensive PEST analysis for all five regions, i.e. North America, Europe, Asia-Pacific, and the rest of the world, after evaluating economic, social, political and technological factors affecting the impact of the global 5G satellite communication industry in these regions.
Regional Analysis:
North American region has captured the most significant market share in the global 5G satellite communication market due to the presence of prominent satellite manufacturers and increasing investment in space research activities. This market is highly consolidated, with a few top players in the North American region, mostly focusing on offering and developing 5G technologies. The Asia Pacific region also has the potential to be the fastest-growing region due to technological advancements, mostly in China and Japan. Chinese Government is continuously launching communication satellites to improve 5G services.
Key Players Covered:
- Starlink (SpaceX)
- Kuiper Systems (Amazon)
- OneWeb
- Skyloom
- Clutch Space Systems
- Hiber
- Freefall
- Myriota
- SES S.A.
- Avanti Technology
- Inmarsat
5G Satellite Communication Market Segmentation:
By Orbit | By Solution Type | By Frequency bands | By End User | By Geography |
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Key Industry Developments:
- In September 2022, Starlink from SpaceX, World’s largest satellite company, made a deal with T-Mobile to employ 10 MHz of the PCS band’s G-Block spectrum for the endeavor while SpaceX will equip its new Starlink v2 satellites with noticeably larger antennas.
- In July 2022, Eutelsat, the world’s leading satellite operator with a powerful fleet of satellites, and OneWeb, popular communication provider, agreed to a partnership with USD 3.4 billion, a step towards creating a European champion to rival the likes of Elon Musk’s SpaceX.
In March 2023, Low Earth Orbit (LEO) satellite firm OneWeb signed a new distribution partnership agreement with Orange to expand connectivity services across Europe, Africa, Latin America, and other global regions.
- Global
- 2023
- 2019-2022