Global 5G Satellite Communications Market Report 2022: A $43.21 Billion Industry by 2032

DUBLIN, May 12, 2022 /PRNewswire/ — The report “5G Satellite Communication Market – A Global and Regional Analysis: Focus on Satellite Solution Type, End User, Orbit, Spectrum Band, Services, and Country – Analysis and Forecast, 2022-2032” has been added to from ResearchAndMarkets.com offer.

The global 5G satellite communications market has been valued at $2,708.3 million in 2021 and it is estimated to reach $43,215.4 million by 2032, at a CAGR of 28.12% over the forecast period 2022-2032.

The main driver of market growth is the need for low latency and high throughput connectivity covering a wide geographical area.

The need for connectivity in remote and rural areas has increased further during the Covid-19 pandemic. Travel restrictions, social distancing regulations and the shift to study/work from home have further highlighted the urgent need for faster and higher virtual connectivity in many parts of the world.

5G satellite communications market

5G satellite communication refers to the integration of next-generation 5G networks with communication satellites. This integration will help realize the true high transmission speed, lower latency and wider connectivity promised by 5G networks. The integration of satellites will also make it possible to set up virtual networks (network slicing) and provide more adjusted connectivity according to needs.

At present, the 5G satellite communications market is at a nascent stage with significant growth potential over the forecast period. Companies such as OneWeb, SpaceX, LeoSat, Amazon’s Project Kuiper and others are competing in the new space to enable satellite connectivity for their customers in remote and rural areas.

Market segmentation

5G Satellite Communications Market by Type of Satellite Solution

Backhaul and tower feed satellite solution type is expected to dominate the 5G satellite communications market during the forecast period. Satellite backhaul and tower feed solutions provide high-speed Internet access to cellular towers with the ability to multicast high and ultra-high design video and content to a wide coverage area on various devices, such as smartphones, smart TVs and tablets. With the growing number of 5G gadgets and consumer demand to enjoy low latency and high-speed 5G connectivity, the type of satellite backhaul and tower power solution will be leading in the period of forecast.

5G Satellite Communication Market by End User

The commercial end-user segment is expected to dominate the 5G satellite communications market. This is mainly due to the demand for 5G and satellite connectivity in mobility sectors such as logistics and maritime transport, automotive and commercial aviation.

5G Satellite Communications Market By Orbit

Low Earth Orbit (LEO) will see a major pull during the forecast period compared to Medium Earth Orbit (MEO) and Geosynchronous Earth Orbit (GEO). This is mainly due to the fact that the LEO constellation is developed by companies around the world comprising thousands of satellites.

5G Satellite Communication Market by Region

During the forecast period, North America is expected to dominate the 5G satellite communications market. The significant presence of key companies strongly engaged in the development and provision of satellite connectivity and 5G telecommunications services is a major factor attributing to the growth of the region.

RECENT DEVELOPMENTS

  • On February 14, 2022, india leading digital service provider, Jio Platforms and SES SA, announced the formation of a joint venture, called Jio Space Technology Limited, to bring the next generation of scalable and affordable broadband services to India take advantage of satellite technology.
  • On January 12, 2022, Intelsat SA and Thales Alenia Space have entered into an agreement to build two software-defined satellites designed to advance Intelsat’s global fabric of software-defined GEO connectivity as part of its 5G software-defined network. The two next-generation software-defined satellites named Intelsat 41 (IS-41) and Intelsat 44 (IS-44) are expected to be in service in 2025.

Key Market Players and Competition Summary

Major players in 5G satellite communication include companies like Inmarsat, Avanti Communications Group PLC, OQ Technology, Chinasat, Thales Group, Qualcomm, and AT&T.

The companies profiled in the report have been selected following in-depth interviews with experts and understanding details about the companies such as product portfolio, annual revenue, market penetration, research and marketing initiatives. development.

Profiled Key Companies

Satellite operators

  • SES SA
  • Intelsat AG
  • Avanti Communications Group plc
  • Eutelsat Communications SA
  • Omnispace LLC
  • OneWeb
  • China Satellite Communications Co., Ltd.

Telecom operators

  • AT&T Inc.
  • ZTE Company
  • China Telecom
  • SK Telecom
  • T-Mobile
  • Ericsson
  • jio

Downstream Service Providers

  • Thales Group
  • S&T Engineering
  • Qualcomm
  • Gilat satellite networks
  • Spa Telespazio
  • MediaTek Inc.
  • Marvell Technology Inc.

Start-ups and emerging key players

  • GalaxySpace
  • Skyloom
  • Astrome
  • Sateliot
  • myriote
  • Vestaspace Technology
  • Eigencom

Main topics covered:

1 Markets
1.1 Industry Outlook
1.1.1 Technology roadmap
1.1.2 Regulatory landscape
1.1.3 Value chain analysis
1.1.4 Start-up and investment scenario
1.2 Commercial dynamics
1.2.1 Commercial factors
1.2.1.1 Rising Demand for IoT in Defense and Commercial Sectors
1.2.1.2 Increase in demand for broadband connectivity in remote areas
1.2.2 Business challenges
1.2.2.1 Shortage of semiconductor products
1.2.2.2 High costs of 5G infrastructure
1.2.2.3 Regulatory framework
1.2.3 Business strategies
1.2.3.1 Development of new products
1.2.3.2 Market evolution
1.2.4 Business Strategies
1.2.4.1 Contracts, agreements, partnerships, collaborations and mergers
1.2.5 Business Opportunities
1.2.5.1 Increase collaboration between satellite operators and the telecommunications industry
1.2.5.2 Potential of 5G Killer Applications to Catalyze Commercial and Consumer Industry

2 Application
2.1 5G Satellite Communication Market (by Satellite Solution Type)
2.1.1 Market Overview
2.1.2 Demand Analysis of Satellite Solution Type
2.1.3 Backhaul and Tower Feed
2.1.4 Trunking and Head-End-Feed
2.1.5 Communication in motion
2.1.6 Hybrid Multiplay
2.2 5G Satellite Communication Market (by End User)
2.2.1 Market Overview
2.2.2 End User Demand Analysis
2.2.3 Defense
2.2.3.1 Air
2.2.3.2 Land
2.2.3.3 Naval
2.2.4 Government
2.2.4.1 Smart cities
2.2.4.2 Homeland Security and Law Enforcement
2.2.4.3 Public safety (disaster management, emergency response)
2.2.4.4 Others
2.2.5 Commercial
2.2.5.1 Drones and Unmanned Aerial Vehicles
2.2.5.2 Precision agriculture and agriculture
2.2.5.3 Logistics and shipping
2.2.5.4 Automotive
2.2.5.5 Industrial IoT
2.2.5.6 Others
2.2.6 Consumer
2.2.6.1 Mobile Internet
2.2.6.2 Fixed broadband
2.2.6.3 Consumer IoT

3 Products
3.1 5G Satellite Communication Market (by Orbit)
3.1.1 Market Overview
3.1.2 Orbit demand analysis
3.1.3 Low Earth Orbit (LEO)
3.1.4 Geosynchronous Earth Orbit (GEO)
3.1.5 Mean Earth Orbit (MEO)
3.2 5G Satellite Communication Market (by Spectrum Band)
3.2.1 Spectrum Band Demand Analysis
3.2.2 L and S band (1-4GHZ)
3.2.3 C and X band (4-12GHZ)
3.2.4 Ku and Ka band (12-40GHz)
3.3 5G Satellite Communications Market (by Services)
3.3.1 Service demand analysis
3.5.1 Mobile broadband
3.5.2 Defense and Government Mission Critical Communication
3.5.3 Satellite IoT

4 Region
4.1 5G Satellite Communication Market (by Region)

5 Markets – Competitive Benchmarking and Company Profiles
5.1 Competitive Benchmarking
5.2 Market Share Analysis

For more information about this report visit https://www.researchandmarkets.com/r/s4vz53

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