5G Non-Terrestrial Networks Market to be influenced by the need for Non-Terrestrial Networks across the globe through 2028
Rising need for better networks in different locations are
driving the 5G Non-Terrestrial Networks market across the globe.
According to
TechSci Research report, “5G Non-Terrestrial Networks Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F,” the Global 5G
Non-Terrestrial Networks market is growing owing to the rising need for better network in different locations, especially
in developing countries by enterprises to overcome the growing connectivity
issues with the development of more enhanced terrestrial networks. It gives
businesses the opportunity to reduce turnover, increase efficiency and manage data
spread across several sites while enhancing performance, dependability, and
scalability. Vendors globally are making significant product innovations
by integrating technologies such as artificial intelligence (AI), advanced
robotics and Industrial Internet of Things (IIoT) to cater to the customer
needs and market requirements. 3GPP (Third
Generation Partnership Project) evolution toward Non-Terrestrial Networks
inter-working and integration are expected to enhance the features of 5G Non-Terrestrial
Networks. Moreover, the growing innovation
and strategic development in 5G Non-Terrestrial Networks are further contributing
to the growth of the global 5G Non-Terrestrial Networks market.
The process of employing
data analysis to enhance workforce management and decision-making is known as 5G
Non-Terrestrial Networks. The practice measures the impact of workforce
behavior and related factors on overall business performance. Workforce
analytics are now being used by organizations to enhance several HR procedures,
such as hiring, performance evaluation, and succession planning. Companies are progressively
using 5G Non-Terrestrial
Networks to overcome
the three common challenges such as an inability to attract, develop and retain
top talents, a lack of data-driven decision making and a need for better
insight into the future. Numerous innovations carried out in analytical
software to enhance the workforce management and upgradation of human resources
are expected to enhance the features of 5G Non-Terrestrial Networks. Furthermore, businesses
are adopting 5G Non-Terrestrial Networks to improve workers’
engagement by understanding their needs and satisfaction and reduce retention
rate by identifying turnover triggers, such as lack of training, lack of
promotion opportunities.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Global 5G Non-Terrestrial Networks Market"
The Global 5G Non-Terrestrial
Networks market is segmented into component type, platform, application,
location, end user, region and competitive landscape. Based on component type,
the market is segmented into hardware, solutions, and services. Based on platform, the market is divided into unidentified
aerial system (UAS) platform, low-earth orbit (LEO) satellite, medium earth
orbit (MEO) satellite, geosynchronous equatorial orbit (GEO) satellite. Based on application,
the market is segmented into enhanced mobile broadband (EMBB), ultra reliable
low latency communications (URLLC) and massive machine type communications
(MMTC). Based on location, the market is segmented into urban, rural, remote,
and isolated. Based on end user, the market is segmented into aerospace &
defense, government, IT & telecom, mining, maritime and others.
The Low-Earth Orbit (LEO) Satellite
platform dominated the 5G Non-Terrestrial
Networks market in 2022 and is expected to maintain its dominance during the
forecast period. The enterprises are rapidly adopting 5G Non-Terrestrial
Networks solutions while integrating 5G in their satellite communications and
improve their network coverage. Moreover, governments in various countries are
also supporting the expansion of network coverage by integrating the
terrestrial network with LEO satellite to build a 5G Non-Terrestrial Networks
system. Therefore, it is anticipated that a LEO Satellite will fuel the segment's
expansion.
The Aerospace and Defense end
user segment is expected to register fastest growth during the forecast period.
This is since most 5G Non-Terrestrial Networks are used by aerospace and
defense sectors for high-speed, reliable internet connection during flights and
the growing need for stable communication for land and marine military
operations. Moreover, the government spending on aerospace and defense due to
the requirement of technical advancement are
the primary reasons for 5G Non-Terrestrial Networks. Among these industries,
the IT & Telecom segment is expected to gain the maximum traction in the
market over the forecast period. Organizations in the IT & telecommunications
sector are using 5G Non-Terrestrial Networks for better network connectivity.
Moreover, most of the companies have already implemented advanced networks to
enhance their IT infrastructure.
Key market players in the global
5G Non-Terrestrial Networks market include:
- Qualcomm
Technologies Inc.
- Thales Group
- Softbank Group
Corporation
- Keysight
Technologies Inc.
- MediaTek lnc.
- ZTE Corporation
- Anritsu Corporation
- Rohde &
Schwarz GmbH & Co KG
- Omnispace LLC
- EchoStar
Corporation
Download Free Sample Report
Customers can also request
10% free customization on this report.
“The North American region
shows substantial growth prospects for the 5G Non-Terrestrial Networks Market, which
can be attributed to the significant benefits 5G non-terrestrial networks offer to enterprises, including improved network
connectivity, reduction in network costs, increased markets, and enhanced
operating efficiency. However, Asia Pacific is forecast to be the fastest
growing region. The 5G Non-Terrestrial Networks Market is gaining traction and
is expanding to countries in North
America, including United States, Canada, and Mexico. Owing to the increasing 5G
penetration and industrial developments with the presence of massive number of
companies such as Qualcomm Technologies Inc., Keysight Technologies Inc. in the
region. Furthermore, the early adoption of advanced technologies such as
machine learning, artificial intelligence by the enterprises along with the
increase in the federal support for space communication is anticipated to drive
demand over the forecast period. The United States leads the market and is
expected to continue its dominance in North America 5G Non-Terrestrial Networks
market during the forecast period as well,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“5G Non-Terrestrial Networks Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028FSegmented By Component Type (Hardware, Solutions, Services),
By Platform (Unidentified Aerial System (UAS) Platform, Low-Earth Orbit (LEO)
Satellite, Medium Earth Orbit (MEO) Satellite, Geosynchronous Equatorial Orbit
(GEO) Satellite), By Application (Enhanced Mobile Broadband (EMBB), Ultra
Reliable Low Latency Communications (URLLC), Massive Machine Type
Communications (MMTC)), By Location (Urban, Rural, Remote, Isolated), By End
User (Aerospace & Defense, Government, IT & Telecom, Mining, Maritime, Others),
By Region, Competition,” has
evaluated the future growth potential of 5G Non-Terrestrial
Networks Market and provides statistics and information on
market structure, size, share, and future growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global 5G Non-Terrestrial
Networks market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com