5G is the fifth-generation technology standard in telecommunications for broadband cellular networks. Global companies, such as Huawei, T-Mobile, AT&T, Ericsson, and more, have started deploying 5G networks from 2019 onward. This is the successor to the 4G network currently being used in most smartphones, tablets, and similar devices.
5G satellite communication refers to integrating communication satellites with 5G infrastructure. This integration will enhance the experience of high-capacity applications. The 5G satellite communication technology will also help realize the true high transmission speed, lower latency, and wider connectivity, along with the possibility of implementing virtual networks (network slicing) and providing more adjusted connectivity to concrete needs.
In the current market, satellite capacity is growing faster as next-generation satellite technology is evolving to multi-orbit constellations. This includes non-geostationary orbit (NGSO) constellations and very high throughput satellite (VHTS). These advancements are catering to the 5G satellite communication market as customer demands are growing with new verticals and geographic markets opening to satellite communication.
5G Satellite Communication and Low Earth Orbit (LEO) Satellites:
LEO satellites will be a key component in expanding cellular 5G networks beyond the terrestrial region. They will help in covering air, sea, and other remote areas not covered by small cell networks. Owing to their closer proximity to Earth, LEO satellites will also help to enable ultrafast speeds and low latency connectivity for smart city infrastructure, smart devices, automobiles, and more.
For defense, government, commercial, and consumer end users, satellite-enabled 5G connectivity will provide 5G services beyond the urban areas, such as in airplanes, cruise liners, and other automobiles operating in remote sites. Moreover, Internet of Things (IoT) sensors and machine-to-machine (M2M) connections on farms and remote worksites like mines will also benefit from the wide coverage areas offered by 5G satellite communication.
5G Satellite Communication Market Overview:
The global 5G satellite communication market was valued at $2,708.3 million in 2021 and it is estimated to reach $43,215.4 million by 2032, at a compound annual growth rate (CAGR) of 28.12% during the forecast period 2022-2032. The major factor driving the market growth is the need for low latency, high-speed connectivity covering a wide geographic area. In 5G satellite communication, there are four key satellite solution types. First is backhaul and tower feed, which brings high-speed backhaul connectivity to individual cells along with the capability to multi-case the same content across a broader coverage. Second is trunking and head-end feed, for delivering high-speed trunking of video, IoT, and other data to a central site with the ability to distribute further to local cell sites. The third type is communications on the move for high-speed backhaul connectivity to individual in-motion planes, trains, ship vessels, and other vehicles with the ability to multicast the same content across a large coverage area. The fourth is hybrid multiplay.
5G Satellite Communication Market Regional Analysis:
North America includes regional markets of the U.S. and Canada. The 5G satellite communication industry is nascent, and the ecosystem is evolving. North America region is leading in terms of market players involved in enabling 5G satellite communication services. The number of start-ups in the region is more compared to others. This is because the availability of investors, diverse technologies, and major players in the region is more.
North America is estimated to account for a major share in the overall 5G satellite communication market in 2022. The U.S. and Canada are the prominent countries considered for the market estimation. Most of the key players that provide 5G satellite communication services around the globe are headquartered in this region, leading to high revenue generation.
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