Satellite-based 5G Network Market Size

Satellite-based 5G Network Market size is assessed at USD 769.2 million in 2024 and is anticipated to exceed USD 822 million by the end of 2037, witnessing over 51.2% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of satellite-based 5G network is estimated at USD 773.1 million. The market’s profitable growth curve is attributed to rising demands for high-speed, low-latency connectivity. The convergence of 5G network and satellite technology offers seamless connectivity solutions to various sectors.

GSMA estimates 5G to cover one third of the world’s population by 2025. In February 2024, GSMA indicated 1.6 billion 5G connections globally, a figure that is expected to exponentially rise to 5.5 billion by 2030. The rapid growth of 5G connections is a major growth driver for the market, as terrestrial networks may not be able to support areas where the infrastructure is limited or nonexistent, allowing satellite-based 5G networks to fill the gap. Additionally, 5G provides reliable backhaul solutions for satellite networks to improve overall performance and reduce latency. The improved performance attracts individual consumers, businesses, and government sectors, fueling the satellite-based 5G network market’s profitable growth.

5G network slicing enables satellite-based networks to offer tailored services to various customer segments, from IoT applications to entertainment, which allows satellite-based 5G networks to stand out from other connectivity options. For instance, in August 2023, T-Mobile launched a network slicing beta for developers with participants including Google, Dialpad, Cisco, Zoom, and others to advance video calling applications. The future of the market is promising with the launch of new low orbit satellites (LEO) set to answer the rising demands for satellite-based 5G infrastructure. Key market players are positioned to capitalize on new opportunities arising in autonomous vehicles, smart devices, aviation, marine, and defense sectors.