Global 5G Satellite Communication Market Report 2022: Consumer Demand for Bandwidth, Seamless Connectivity and Low Latency Drives Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global 5G Satellite Communication Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the publisher's research report the market is likely to grow at a CAGR of around 28.91% during 2021-26. It owes to the significant changes in the consumer demand for better and improved bandwidth, seamless connectivity, and low latency. Additionally, high-speed internet connectivity and enhanced safety measures to support multiple end-user industries like aviation, transportation & logistics, consumer electronics, energy & utilities, and heavy industries are also crucial factors further propelling the market growth.

Market Segmentation

Communication-on-the-Move Solution to Hold the Largest Market Share

Based on the solution, the Communication-on-the-Move segment shall attain the largest market share in the coming years due to the soaring demand for installing various telecom towers for better reachability across regions and the surging adoption of Smart devices among people, thereby driving the growth of the Global 5G Satellite Communication Market in the forecast years.

Media & Entertainment Acquired the Largest Market Share

Based on the End-User, the Media & Entertainment segment acquired the largest share in the Global 5G Satellite Communication Market in the previous few years due to the increasing use of satellites for broadcasting owing to its seamless remote coverage. Alongside that, with massive investments by governments and manufacturers, this segment shall continue to attain the largest share in the forecast years.

Regional Landscape

Asia-Pacific to Attain the Fastest Market Growth

The Asia Pacific region shall grab the fastest growth with the highest CAGR in the forecast period, owing to countries like China and Japan being the major contributors in Asia-Pacific. Factors like the exponential use of satellite antennas in Telecommunication, Aerospace & IT, and Automobile Industries are immensely supporting its high demand in the region. Hence it is likely to witness the fastest market growth in the years to come.

Market Driver

The rapidly increasing growth of the Global 5G Satellite Communication market drives due to the burgeoning demand to cater to a wide range of applications and eliminate existing technological problems. The high bandwidth, low latency, high system spectral efficiency, high system spectral efficiency, and reduced energy consumption are the performance parameters in the market. Due to the robust demand for the 5G network in multiple applications, a surge to enhance the existing infrastructure to cater to the technological needs for the 5G satellite communication networks is also likely to take the market ahead in the forecast period.

Key Questions Answered in the Market Research Report:

1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global 5G Satellite Communication Market?

2. What is the region-wise industry size, growth drivers, and challenges?

3. What are the key innovations, opportunities, current & future trends, and regulations in the Global 5G Satellite Communication Market?

4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global 5G Satellite Communication Market based on the competitive benchmarking matrix?

5. What are the key results derived from the market surveys conducted during the Global 5G Satellite Communication Market study?

Key Topics Covered:

1. Introduction

2. Preface

3. Executive Summary

4. Impact of COVID-19 on 5G Satellite Communication Market

5. Global 5G Satellite Communication Evolution

6. Global 5G Satellite Communication Technology Timeline

7. Global 5G Satellite Communication Roll out Models & Roll Out Timeline

8. Global 5G Satellite Communication Market Dynamics

9. Global 5G Satellite Communication Opportunity & Hotspots

10. Global 5G Satellite Communication Value Chain Analysis

11. Global 5G Satellite Communication Trends & Insights

12. Global 5G Satellite Communication Policies and Regulatory Landscape

13. Global 5G Satellite Communication Technology Intellectual Property Rights Analysis

14. Global 5G Satellite Communication Market Outlook

15. North America 5G Satellite Communication Market Outlook

16. Europe 5G Satellite Communication Market Outlook

17. Asia Pacific 5G Satellite Communication Market Outlook

18. Company Profiles

19. Disclaimer

Companies Mentioned

• Eutelsat S.A.,
• Airbus S.A.S,
• Avanti Communications Group PLC,
• Gilat Satellite Networks,
• GomSpace A/S,
• OHB SE,
• Quortus,
• SpaceX,
• The Boeing Company,
• and the Thales Group.

For more information about this report visit https://www.researchandmarkets.com/r/t2m4sd