A recent report by Juniper Research suggests that operators can expect an additional $17 billion in revenue from 5G satellite networks between 2024 and 2030. The report emphasizes the importance of operators partnering with Satellite Network Operators (SNOs) to launch profitable satellite-based 5G services to their subscribers.
SNOs are equipped with the necessary technology to launch next-generation satellite hardware into space and are responsible for operating and managing the resulting networks. The report forecasts that the commercial launch of a 5G satellite network will take place in 2024, with over 110 million 3GPP-compliant 5G connections in operation by 2030.
To take advantage of this growth, operators are advised to prioritize partnerships with SNOs that can launch Geostationary Orbit (GSO) satellites. These satellites are positioned above the country that the operator serves, ensuring consistent connectivity. Leveraging their existing billing relationship with mobile subscribers and enterprises will also be crucial to increasing 5G satellite connectivity revenue. By integrating satellite services into existing terrestrial networks, operators can rapidly drive adoption.
Looking ahead, the research suggests that as the development of 6G networks accelerates, operators will rely increasingly on SNOs for service provision. Therefore, when choosing an SNO partner, operators must not only consider their capability for 5G satellite services but also their forward plan for 6G networks, including coverage and throughput capabilities.
Overall, the report highlights the significant revenue potential for operators in the 5G satellite networks market. By establishing partnerships with SNOs and leveraging existing billing relationships, operators can successfully monetize satellite-based 5G services and benefit from the growth in the industry.