Satellite-based 5G Network Market Size to Cross USD 26.28 Billion by 2034

The global satellite-based 5G network market size is estimated to cross around USD 26.28 billion by 2034 from USD 5.75 billion in 2024, with a CAGR of 16.41%.

Satellite-based 5G Network Market Key Takeaways

• North America led the global satellite-based 5G network market with the highest revenue share of 40% in 2024.

• Asia Pacific is projected to grow at a notable CAGR during the forecast period from 2025 to 2034.

• By application, the telecommunication segment held the largest revenue share in 2024.

• The emergency services segment is expected to grow at a strong CAGR between 2025 and 2034.

• By end use, the aerospace segment generated the highest revenue share in 2024.

• The maritime segment is anticipated to expand at a significant CAGR during the forecast period.

• By technology, the low earth orbit (LEO) segment dominated the market in 2024.

• The geostationary orbit (GEO) segment is projected to witness substantial growth through 2034.

• By infrastructure, ground stations accounted for the largest market share globally in 2024.

• The satellite networks segment is expected to grow at a notable CAGR from 2025 to 2034.

Market Overview

The satellite-based 5G network market represents a rapidly evolving segment within the global telecommunications industry. It combines satellite communication technology with 5G infrastructure to provide seamless, high-speed connectivity across remote, underserved, and geographically challenging regions. This convergence aims to fill the coverage gaps of terrestrial networks, offering global broadband access and supporting use cases like smart agriculture, defense, maritime, and aviation communications. The integration of low-earth orbit (LEO) satellite constellations has accelerated the deployment of satellite-enabled 5G, making the technology more accessible and cost-effective than traditional geostationary systems.

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Satellite-based 5G Network Market Growth Factors

Several factors are contributing to the rapid growth of the satellite-based 5G network market. Increasing demand for reliable, high-speed internet in rural and remote locations is a primary driver. The rollout of LEO satellite networks by companies like SpaceX (Starlink), OneWeb, and Amazon (Project Kuiper) is enhancing global connectivity. The surge in IoT applications across industries—such as mining, oil & gas, and logistics—also fuels demand for low-latency and wide-area coverage, which satellite-based 5G can provide. Moreover, government initiatives to bridge the digital divide and improve emergency communication capabilities are boosting investment in this sector.

Market Scope

Satellite-based 5G Network Market Market Dynamics

Market Drivers

The key drivers of the market include the need for uninterrupted and expansive 5G coverage, especially in areas where terrestrial networks are not feasible. Satellite 5G is essential for mission-critical operations such as military communication, disaster response, and aviation. Advancements in satellite technology, including reusable launch systems, software-defined satellites, and high-throughput satellites (HTS), are lowering costs and increasing deployment speed. In addition, collaborations between satellite operators and telecom providers are fostering the integration of space and ground networks, accelerating the adoption of hybrid communication infrastructure.

Opportunities

There is immense potential for growth in delivering 5G connectivity to remote regions and emerging economies where infrastructure is underdeveloped. The rise of autonomous vehicles, UAVs (drones), and smart city initiatives presents new opportunities for satellite-based 5G to provide reliable, real-time communication links. Another promising area is the maritime and aerospace sectors, where continuous global coverage is crucial. Additionally, advancements in AI and network slicing are enabling customized services over satellite-based networks, opening up new revenue streams for operators and service providers.

Challenges

Despite its potential, the satellite-based 5G network market faces several challenges. High initial capital expenditure for satellite development, launch, and infrastructure integration remains a significant barrier. There are also concerns about latency and signal degradation, especially with legacy satellite systems, although LEO networks are addressing this. Regulatory issues, such as spectrum allocation and international coordination, add to the complexity of market deployment. Furthermore, the need for robust cybersecurity measures is critical as the attack surface increases with broader satellite integration into national and commercial communication systems.

Regional Outlook

North America leads the market due to strong investments in space technology, an established telecom infrastructure, and early adoption of 5G. The presence of major players like SpaceX and Amazon further drives growth in the region. Europe is also witnessing significant expansion, backed by ESA-led programs and strong cross-border 5G infrastructure initiatives. The Asia-Pacific region is expected to experience the fastest growth, driven by increasing demand for rural connectivity, government-led digital initiatives, and growing satellite launches by countries like China, India, and Japan. Meanwhile, Latin America, the Middle East, and Africa present untapped potential, with efforts underway to improve connectivity in remote and underserved communities.

Satellite-based 5G Network Market Companies

• Amazon
• China Satcom
• Comtech Telecommunications Corp.
• Eutelsat
• GlobalStar
• Hughes Network Systems
• Inmarsat
• Intelsat
• Iridium Communications
• L3Harris Technologies
• OneWeb
• SES S.A.
• SpaceX
• Telesat
• Viasat

Recent Developments

• In June 2025, Rohde & Schwarz will host its fifth Satellite Industry Day, spotlighting the intersection of 5G NTN and satellite testing. The event will feature industry experts addressing key challenges in NTN evolution and the transition toward 6G. Following a keynote by Christina Gessner, Executive Vice President of Test & Measurement, Reiner Stuhlfauth will explore the technological hurdles and testing strategies essential to 5G NTN implementation. Goce Talaganov will delve into market trends and performance testing solutions for NTN-enabled devices, with a focus on ensuring compliance and reliability across a wide array of use cases.
• In February 2025, India advanced toward launching satellite-based internet services with a successful 5G NTN trial conducted by Eutelsat Group. The test leveraged Eutelsat OneWeb’s LEO satellite constellation and was executed in line with 3GPP Release 17 standards. The trial, involving global technology partners such as MediaTek, ITRI, Sharp, and Rohde & Schwarz, demonstrated seamless 5G connectivity using Ku-band service links and Ka-band feeder links on Airbus-manufactured satellites, signaling a breakthrough in terrestrial-satellite integration.
• In December 2024, the European Space Agency (ESA) and Telesat achieved a critical milestone by establishing a real-time 5G NTN link via a LEO satellite operating in the Ka-band. This landmark demonstration highlighted the feasibility of delivering mobile-like connectivity through satellite infrastructure, unlocking new opportunities in telehealth, emergency response, autonomous mobility, and in-flight broadband.

Segments covered in the report

By Application Outlook

• Emergency Services
• IoT Connectivity
• Military and Defense
• Telecommunication

By End Use Outlook

• Aerospace
• Automotive
• Maritime
• Smart Cities

By Technology Outlook

• Geostationary Orbit
• Low Earth Orbit
• Medium Earth Orbit

By Infrastructure Outlook

• Data Processing Centers
• Ground Stations
• Satellite Networks

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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Source: https://www.precedenceresearch.com/satellite-based-5g-network-market