5G Satellite Communication Market In-Depth Outlook Size, Share & Major Stakeholders

January 2, 2025 akio01

How Big is the 5G Satellite Communication Market?

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.

Market Statistics

Market Growth Rate (CAGR): 28.91% from 2023-2028

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5G Satellite Communication Market Insight:

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.

5G Satellite Communication Market Segmentation:

The report has segmented the market into the following categories:

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 (Medium,Intermediate)
Low Earth Orbit (Small, Mini, Pico, Nano, Micro)
Others

By End Users

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)

By Region

Asia-Pacific
North America
Europe
Rest-of-the-World

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Competitive Landscape:

Airbus SAS
Avanti Communication Group PLC
Eutelsat SA
Gomspace A/S
Gilat Satellite Networks
Quortus
OHB SE
Space Exploration Technologies Corporation
The Boeing Company
Thales Group
Others.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Other Report:

Key Highlights of the Report:

Market Performance (2023-2028)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

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