ICT Market Analysis Report

Satellite communication helps extend different 5G cellular networks across remote & unreachable areas where usual network providers like airplanes, boats, ships, trains, etc., cannot reach. Constant technological advancements in satellite communication have enabled 5G networks to overcome several challenges with conventional communication channels. These include technological advances in Geostationary (GEO) satellites, providing high throughput and improvements in GEO satellites' robustness, coupled with the new generation of Low Earth Orbit (LEO) constellations reducing latency in satellite communications. Although 5G networking is still undergoing constant developments and is yet to attain progress across several verticals, many emerging nations have begun utilizing these networks, especially in their defense sector, to strengthen connectivity. Thus, this technology is anticipated to change the dynamics of broadband services in the coming years. It shall allow the technol...

In the day-to-day growing competition and technological advancements, the Global 5G Satellite Communication Market is likely to grow at a CAGR of 28.91% in the forecast years 2021-26. The prominent factors owing to the growth are technological benefits like high-speed internet connectivity, enhanced safety measures to support multiple end-user industries like aviation, transportation & logistics, consumer electronics, energy & utilities, & heavy industries. Alongside these factors, surging adoption & demand changes of consumers for better and improved bandwidth, seamless connectivity, and low latency further fuel the Global 5G Satellite Communication Market growth. There exists multiple market segmentation, where each segment has a different role and contribution to the market. Based on the Orbits, the 5G satellite communication market segments into Medium Earth Orbit (MEO), Geosynchronous Earth Orbit (GEO), and Low Earth Orbit (LEO). Of all, the Low Eart...