A report on the global 5G satellite networks market predicts that the first commercial launch of a 5G satellite network will occur next year. It further anticipates that there will be 110 million 5G satellite connections in operation by 2030.
The report advises operators to prioritize partnerships with satellite network operators (SNOs) that can launch Geostationary Orbit (GSO) satellites. It also suggests that operators should leverage their existing billing relationships with mobile subscribers and enterprises as a platform for growing 5G satellite connectivity revenue. By integrating satellite services into existing terrestrial networks, operators can drive the adoption of satellite connectivity.
In addition, the report highlights the increasing reliance of operators on SNOs for service provision as the development of 6G accelerates. It emphasizes that operators should consider not only 5G satellite services but also the future plans for 6G networks, including coverage and throughput capabilities when choosing an SNO partner.
By 2030, the report projects that the average revenue per 5G satellite connection will be $7.98.
The report provides insights into the market for 3GPP-compliant 5G satellite services and offers seven-year forecasts for the number of connections, operator-billed revenue, and data generated by 5G satellite services across mobile, IoT, and 5G mobile subscriptions.
Through this development, the potential for expanding the reach and capabilities of 5G networks through satellite communication is becoming clearer.