The latest report by MarkNtel Advisors, titled “5G Satellite Communication Market Report 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)), other and Region 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the 5G Satellite Communication Market research report.
What is the market outlook for 5G Satellite Communication?
The Global 5G Satellite Communication Market is projected to grow at a CAGR of around 28.91% during the forecast period, 2023-28.
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Major Companies Operating in the 5G Satellite Communication Industry:
Eutelsat S.A., Airbus S.A.S, Avanti Communications Group PLC, Gilat Satellite Networks, GomSpace A/S, OHB SE, Quortus, SpaceX, The Boeing Company, and the Thales Group.
5G Satellite Communication Market Report Segmentation:
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
- Of them all, Nano Satellites acquired the largest market share in recent years & are anticipated to prevail in the same trend during the forecast period.
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)
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Regional Insights:
- North America: USA, Canada, Mexico
- Europe: Germany, UK, France, Russia, Rest of Europe
- Asia-Pacific: China, India, Japan, South Korea, Rest of Asia Pacific
- Rest of World
Key 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.
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