5G Satellite Communication Market Global Demand, Key Players, Overview, Supply and Consumption Analysis

5G Satellite Communication Market

Satellite solutions such as backhaul and tower feed, trunking and head end feed, communication-on-the-move, and hybrid multiplay is helpful to the mobile operators in a longer range for the rollout of 5G network in remote areas where terrestrial network for the development of broadband services is too costly. Moreover, functionalities of satellite such as backhauling, multicasting and mobility access enables mobile and fibre operators to expand their coverage areas. Many key players are planning to launch the integration of 5G and communication satellite in the near future. For instance, Industry leaders such as SpaceX and OneWeb are planning to launch 5G-satellite integration networks by 2023, to cater to the growing needs for speed, reliability, and low latency.

The development process of a communication network has proven to be a vital part of the network technology ecosystem. The changing needs of the end user as well as enterprise market, require higher bandwidth, increasing data traffic across various sectors. Data intensive applications and increased used of connected devices, have created congestion in today’s networks, thus driving the need for network evolution. To address the growing needs of speed, reliability, and low latency, 5G networks have been introduced.

In the present and initial phase of 5G, the telecom industry is focused upon positioning enhanced mobile broadband use cases for providing faster speed and lower latency than those of 4G network. Moreover, in the near future, with the introduction of New Radio (5G) and Standalone Access, 5G is expected to become more reliable in terms of Gbps speed and latency. However, currently, neither of these technologies is addressed by the satellite communication operators, as providing the backhaul services through Gbps is highly expensive, and latency below 50ms cannot be achieved without the launch of LEO constellation. This can make satellite communication a difficult task for the deployment of satellite with 5G enhanced mobile broadband, as satellite operators are positioning fiber for backhaul services in dense areas but not in rural areas, where satellite backhaul services can have competitive advantage over 5G enhanced mobile broadband.

Apart from this, upcoming use cases, such as massive machine type communication (mMTC) and ultra-reliable communications (URLLC), are expected to be more feasible for satellite communication in the coming future, as mobile operators are currently still in the deployment phase for the IoT network using 4G technology. Moreover, apart from the challenges faced by satellite operators, such as issues related to launch of LEO constellation satellite and backhaul services through Gbps, there is an opportunity for 5G-satellite integration in the near future.

The aviation industry is expected to be the second largest with consumer electronics as the frontrunner, in the global 5G satellite communication market. The development of network technology (from 2G to 5G) has enhanced the Machine to Machine (M2M) communication by providing lower latency and higher bandwidth. The evolution in smartphone technology, growing importance of connectivity and safety, and high-speed internet connectivity have significantly transformed the aviation industry. Out of the wide area of end users, satellite plays a vital role in connecting remote devices that cannot be assessed with terrestrial connectivity. Satellites can potentially integrate the gathered information from monitoring, the fixed and mobile remote assets. It is expected that by 2021, the 5G satellite communication market would be dominated by Gilat Satellite Network, Avanti Communication and VT Direct among others. However, due to huge growth in the market, new players are emerging in the market. It is predicted that more than 10 companies have plans to integrate 5G and communication satellite by 2021.

Obtain the Report Sample: https://bisresearch.com/requestsample?id=861&type=download

The 5G satellite communication market has witnessed different market dynamics across various regions of the globe. Moreover, 5G satellite communication companies are expected to witness a rising demand from countries such as China, the U.K., and the U.S. The North America region is expected to grow at a CAGR of 35.23% during the forecast period 2021-2030. The growth of the region is expected to rise due to major projects led by American companies.

Leave a comment

Design a site like this with WordPress.com
Get started