5G Satellite Communication Market to Grow at a CAGR of 28.12% during the forecast period 2022-2032


Posted August 26, 2022 by bisrsrch

The 5G satellite communication refers to the integration of next-generation 5G networks with communication satellites

 
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.

Report Overview is available at: https://bisresearch.com/industry-report/global-5g-satellite-communication-market.html

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.

To achieve the full economic and societal benefits of the 5G satellite communication solutions, the corresponding policy framework must guarantee legal and regulatory certainty over the spectrum assigned to satellites. This will help to guarantee investments in new satellites and constellations and ensure connectivity to all citizens in an accessible and affordable manner.

Currently, the U.S., China, and South Korea are leading the deployment and building of 5G technology. Moreover, telecommunication companies across the world, such as AT&T Inc., KT Corp, and China Mobile, are racing to build the fifth generation (5G) of wireless technology. Over the 2022-2032 forecast period, North America and Asia-Pacific regions are expected to dominate the global market, followed by Europe and the Rest-of-the-World.

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.

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Commercial end-user demand for 5G satellite connectivity is generated mainly from sectors like logistics and shipping, oil and gas, and automotive. Most countries in Europe and other developed parts of the world are shifting to electric and hybrid automobiles owing to climate change concerns. In December 2021, Intelsat, Kymeta, and Fraunhofer IIS announced that they had conducted the first-ever successful trial of satellite-enabled 5G services on a moving vehicle.

Integration of 5G network with satellite communication will help to enable four key applications, i.e., backhaul and tower feed, trunking and head-end feed, communication-on-the-move, and hybrid multiplay. These applications will help the faster exchange and distribution of high and ultra-quality data with minimal latency. Over the forecast period, backhaul and tower feed, trunking, and head-end feed applications are expected to garner maximum traction.

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Categories Business , News , Technology
Tags 5g satellite communication , 5g satellite communication industry , 5g satellite communication market , 5g satellite communication report
Last Updated August 26, 2022