Satellite 5G New Radio (NR) Market is Expected to Reach $14.47 Billion by 2033: BIS Research

The integration of satellite-enabled 5G NR technology has profoundly impacted industries worldwide. This combination has transformed communication possibilities, particularly in remote areas, leading to advancements in precision agriculture, remote asset monitoring, logistics optimization, and catastrophe response. The technology has enhanced operating efficiency, facilitated real-time decision-making, and fostered innovation across various sectors.  

Recent collaborations, such as Cisco Systems and NTT Limited's partnership, aim to accelerate the adoption of Private 5G in automotive, logistics, healthcare, retail, and public sectors. This collaboration enables the rapid deployment of Industry 4.0 capabilities, including walkie-talkie communications, automated guided vehicles, always-connected PCs, machine vision, and more, propelling industries towards higher efficiency and sustainability in the era of connectedness.  

Recently, BIS Research released a report titled “Satellite 5G New Radio (NR) Market,” which forecasts the market to reach $14.47 billion in 2033 from $4.58 billion in 2022, at a growth rate of 11.92% during the forecast period.  

Access Insights: Satellite 5G New Radio (NR) Market 

USP and Key Highlights of the Report  

• A dedicated section focusing on the trends adopted by the key players operating in the satellite 5G new radio (NR) market  
• Company profile of the companies operating in the ecosystem offering a holistic view of the satellite 5G new radio (NR) market landscape.  
• Qualitative and quantitative analysis of the satellite 5G new radio (NR) market  
• Supply chain and value chain analysis  

In-depth Market Analysis: The product segment provides an overview of the various types of products available for deployment globally. Additionally, the study offers a comprehensive understanding of the satellite 5G NR market categorized by application, including end users (such as telecom and IT, government, healthcare, education, and other industries), services (covering enhanced mobile broadband (eMBB), ultra-reliable and low latency communication (uRLLC), and massive machine-type communication (mMTC)), product based on frequency band (below 1 GHz, 1 GHz to 6 GHz, and above 6 GHz), and terminal type (5G NR terminals - terrestrial, 5G NR terminals - satcom, and 5G NR terminals - hybrid). 

Strategic Growth Initiatives: Offering insights into successful growth strategies such as mergers, acquisitions, and partnerships, the report can guide your organization in crafting compelling marketing and expansion strategies to solidify its market position.  

Competitive Landscape Analysis: By profiling key players and examining their strategies, the report gives a clear view of the competitive environment, enabling your organization to benchmark its practices and uncover strategic alliances or innovation opportunities.  

Identification of Untapped Markets: By exploring partnerships, agreements, and collaborations among key market players, the report illuminates untapped revenue pockets and emerging market opportunities, guiding your organization toward profitable ventures.    

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Satellite 5G New Radio (NR) Market Analysis: Drivers, Challenges and Opportunities 

The demand drivers for the satellite 5G NR market include the increasing adoption of IoT and cloud-based applications, boosting market growth. Seamless global coverage is crucial, enabling connectivity in rural and underserved areas for digital services like education and telemedicine.  

However, challenges such as high latency and network performance due to spectrum allocation issues persist. The industry offers opportunities to deploy communication satellite constellations and utilize hybrid satellite terminals to bridge connectivity gaps, particularly in rural locations, thus creating new revenue streams and applications for satellite 5G NR technology. Despite these opportunities, the market faces barriers like high infrastructure investment costs, which can deter entry and expansion. 

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Satellite 5G New Radio (NR) Market Segments  

Segmentation 1: By End User 

•   Telecom and IT 

•   Government 

•   Education 

•   Healthcare 

•   Other Industry 

Segmentation 2: By Services 

•   Enhanced Mobile Broadband (eMBB) 

•   Ultra-Reliable and Low Latency Communications (uRLLC) 

•   Massive Machine-Type Communications (mMTC) 

Segmentation 3: By Frequency Band 

•   Below 1 GHz 

•   1 GHz to 6 GHz 

•   Above 6 GHz 

Segmentation 4: By Terminal Type 

•   5G NR Terminals-Terrestrial 

•   5G NR Terminals-Satcom 

•   5G NR Terminals-Hybrid 

Segmentation 5: by Region 

•   North America - U.S. and Canada 

•   Europe - U.K., Germany, France, and Rest-of-Europe 

•   Asia-Pacific - Japan, India, China, and Rest-of-Asia-Pacific 

•   Rest-of-the-World - Middle East, Africa, and Latin America 

Overview: The global satellite 5G NR market is segmented into several categories. Firstly, by end-user, the telecom and IT sector leads with a 30% market share due to demand for global coverage and reduced latency. Satellite 5G NR technology benefits these industries by bridging connectivity gaps in remote areas.  

Secondly, by services, enhanced mobile broadband (eMBB) is the top segment, with $2.66 billion in revenue in 2022, projected to grow at 11.90% CAGR. Thirdly, the 1 GHz to 6 GHz frequency band dominates the market, expected to reach $6.37 billion by 2033. Lastly, North America leads regionally with a 23% share in 2022, driven by significant industry presence and government initiatives. 

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Key Players in the Satellite 5G New Radio (NR) Market 

•  Cisco Systems, Inc. 

•  Deutsche Telekom AG 

•  Fujitsu 

•  Gatehouse Satcom A/S 

•  Huawei Technologies Co. Ltd. 

•  Intel Corporation 

•  Nokia 

•  NEC Corporation 

•  Telefonaktiebolaget LM Ericsson 

•  ZTE Corporation 

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Other Related Reports from BIS Research 

5G Satellite Communication Market 

Maritime Satellite Market 

Asia-Pacific Satellite and Spacecraft Subsystem Market 

Asia-Pacific Satellite Spectrum Monitoring Market 

About BIS Research 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.   

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.    

BIS Research offers syndicate and custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.   

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