Mar 22, 2022   SOURCE: BusinessWire

Global 5G Satellite Communication Market to 2027 - by Orbit, Satellite Solutions, Spectrum, End-users and Region - ResearchAndMarkets.com

The "Global 5G Satellite Communication Market Outlook: Market Forecast By Orbit, By Satellite Solutions, By Spectrum, By End-Users, By Regions And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

According to the publisher, Global 5G Satellite Communication Market size is projected to grow at a CAGR of 183.4% during 2021-2027.

The global 5G satellite communication market report comprehensively covers the market by orbit, satellite solutions, spectrum, end user and regions. Global 5G Satellite communication market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global 5G satellite communication market is anticipated to grow on the back of technologies that are rapidly evolving, increasing their potential for adoption and exploitation by vertical industries and serving advanced networking requirements. The number of 5G connections would increase from approximately 10 million in 2019 to 1.01 billion in 2023, reflecting a CAGR of 217.2%.

Companies Mentioned

  • Airbus S.A.S
  • Avanti Communications Group PLC
  • Eutelstat Communications SA
  • GomSpace Group AB
  • Gilat Satellite Networks Ltd.
  • Quortus Limited
  • OHB SE
  • Space Exploration Technologies Corp. (SpaceX)
  • The Boeing Company
  • Thales Group

Factors substantiating the need for network evolution include rising demand for higher bandwidth and increasing data traffic across various business sectors, as well as network congestion. Also, rapid technological advancements in 5G satellite services in industries around the world are expected to drive the market. As a complementary solution for ubiquitous coverage, broadcast/multicast provision, aeronautical & maritime communications, emergency/disaster recovery, and remote rural region coverage, satellite communication would play an important role in 5G deployment.

Global 5G satellite communication market is in the launch stage of industry life cycle. Some countries such as USA are taking a commercial approach whereas others such as China are government led and include investment and engagement of national companies and resources while launching 5G services.

5G provides the ultimate opportunity for the satellite industry to break out of its niche and for satellite service providers to offer a much wider range of services, while enabling mobile and fiber operators to leverage satellite connectivity to expand their coverage areas and offload their networks through critical functionalities like multicasting, backhauling, and mobility access where satellite is a better access technology. Within by orbit, low earth orbit would dominate the market as the time needed for data to be sent and returned i.e. latency, is lower for LEO satellites than for those farther out. Also, they are ultra-reliable and provide ubiquitous services.

Key Topics Covered:

1. Executive Summary

2. Introduction

3. Global 5G Satellite Communication Market Overview

3.1. Global Global 5G Satellite Communication Market Revenues, 2022-2027F

3.2. Global Global 5G Satellite Communication Market Industry Life Cycle

3.3. Global Global 5G Satellite Communication Market Porter's Five Forces

3.4. Global Global 5G Satellite Communication Market Revenue Share, By Regions, 2027F

4. Global 5G Satellite Communication Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5. Global 5G Satellite Communication Market Trends

6. Asia Pacific 5G Satellite Communication Market Overview

7. Americas 5G Satellite Communication Market Overview

8. Europe, Middle East & Africa 5G Satellite Communication Market Overview

9. Global 5G Satellite Communication Market - Key Performance Indicators

10. Global 5G Satellite Communication Market Competitive Landscape

11. Company Profiles

12. Key Strategic Recommendations

13. Disclaimer

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