A recent study by Juniper Research has projected that operators could generate an additional $17 billion in revenue through 3GPP-compliant 5G satellite networks between 2024 and 2030. To capitalize on this potential growth, the report encourages operators to form partnerships with Satellite Network Operators (SNOs) that have the capability to launch advanced satellite hardware into space and manage the resulting networks.
The study, titled “Global 5G Satellite Networks Market 2023-2030,” predicts that the first commercial launch of a 5G satellite network will take place in 2024. By 2030, there could be around 110 million 3GPP-compliant 5G satellite connections worldwide. To ensure uninterrupted and consistent connectivity, operators are advised to establish partnerships with SNOs that can deploy Geostationary Orbit (GSO) satellites. These satellites remain fixed above the Earth’s surface.
Operators are also urged to leverage their existing billing relationships with mobile subscribers and enterprises to boost revenue from 5G satellite connectivity. By seamlessly integrating satellite services into existing terrestrial networks, operators can drive rapid adoption of satellite connectivity.
Looking ahead to the future of telecommunications, the report highlights the growing reliance on SNOs for service provision in the development of 6G networks. The research emphasizes the importance for operators to consider both 5G satellite services and plan for 6G networks, including coverage and throughput capabilities, when selecting an SNO partner. This strategic foresight is crucial for sustaining growth and fostering innovation in the evolving telecommunications landscape.