5G from Space Market Size

5G From Space Market size is evaluated at USD 588 million in 2024 and is predicted to reach USD 66.10 billion by the end of 2037, growing at around 43.8% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of 5G from space is estimated at USD 846 million.

The 5G from space market is anticipated to observe significant growth due to rising global needs for connectivity, especially in underserved and remote areas. The promise of extending 5G further beyond terrestrial limitations offers enormous opportunities to facilitate communication gaps and other advanced technologies, such as autonomous vehicles and IoT devices. A key recent development comes from Sateliot in the form of its preparation, in March 2024, for the launch of four nanosatellites as part of its 5G constellation. This is an example of the rapid strides that the industry is taking toward commercial deployment. Another factor contributing to the market growth relates to the increasing number of public-private partnerships that form and develop for enhancing space-based 5G infrastructure.

Expansion of the market is also being driven by governments worldwide through the creation of a supportive regulatory environment and investments in space technology. For example, in November 2023, OneWeb was granted a provisional spectrum assignment to launch commercial satellites to start communication services in India. This progress within the regulatory environment showcases government initiatives to increase access to these satcom-enabled 5G services, particularly in highly populated but connectivity-constrained areas. Government-backed funding for space and telecom projects with the relaxation of licensing requirements for satellite networks, also indicates better growth prospects in the segment.