5G NTN Market Projected to Reach $139.51 Billion by 2034, Growing at a CAGR of 35.1%

BySheetal Gajbhiye

Global 5G NTN Market size and share is currently valued at USD 6.91 billion in 2024 and is anticipated to generate an estimated revenue of USD 139.51 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 35.1% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 – 2034

Market Definition

The 5G Non‑Terrestrial Network (NTN) market refers to the integration of satellite and airborne platforms—such as Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Orbit (GEO) satellites, and High-Altitude Platform Stations (HAPS)—with terrestrial 5G systems. This convergence enables seamless, high-speed, and low-latency connectivity in remote, rural, maritime, aeronautical, and mission-critical environments where traditional ground infrastructure is sparse or absent. Standardization efforts by bodies like 3GPP (Release 17 and beyond) ensure interoperability between terrestrial and non-terrestrial components, enabling direct-to-device communication for smartphones and IoT devices.

Key Report Highlights  

  • The report highlights the key region that accounts for the highest revenue share in the global 5G NTN market.
  • It identifies the leading country within this region that makes a significant contribution to the market’s overall performance.
  • The report outlines the dominant segment that holds a major share of the market.
  • It also emphasizes the fastest-growing segment projected to gain strong traction during the forecast period.
  • Qualitative and quantitative market analysis have been used to provide an in-depth understanding of the market.

Market Overview: Key Figures at a Glance

  • Market Value in 2024: USD 6.91 billion
  • Projected Market Size in 2034: USD 139.51 billion
  • Anticipated CAGR (2025-2034): 35.1%

Get access to the full report or request a complimentary sample for in-depth analysis:

https://www.polarismarketresearch.com/industry-analysis/5g-ntn-market/request-for-sample 

Market Growth Drivers

The market is expected to grow at a CAGR of 35.1%, rising from roughly USD 6.91billion in 2024 to over USD 139.51 billion by the early 2034s . Key drivers include global connectivity expansion to remote areas and transport platforms (maritime, aviation), driven by rising demand for ubiquitous 5G IoT and M2M applications. Significant investment by governments and private players—like SpaceX, Amazon, OneWeb—into LEO constellations, HAPS, and integration infrastructure bolsters deployment. Moreover, defense, aerospace, autonomous vehicles, and drone applications are increasingly relying on NTN for resilient, low-latency connectivity. Standardization (3GPP), AI-enabled network optimization, and hybrid terrestrial-satellite architectures further drive market momentum.

Market Key Players

The competitive landscape features a mix of long-standing companies and emerging contenders. Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include

  • Counterpoint Technology
  • Druid Software
  • EchoStar Corporation
  • Ericsson
  • Gatehouse Satcom A/S
  • Keysight Technologies
  • MediaTek Inc
  • Nelco
  • Omnispace, LLC
  • Qualcomm Technologies Inc.
  • Radisys Corporation
  • Rohde & Schwarz
  • Sateliot
  • Skylo
  • SoftBank Group Corporation
  • Spirent Communications
  • Telesat
  • Thales Group
  • VIAVI Solutions Inc.
  • ZTE Corporation

Similar Posts