There is a growing adoption of satellite services in the communication sector, driven by the deployment of satellite constellations and the need to extend terrestrial network coverage. According to a whitepaper from ABI Research, it is predicted that by 2030, there will be more than 175 million Non-Terrestrial Network (NTN) mobile connections worldwide. This trend is expected to generate approximately $124.6 billion in annual satellite services revenue.
Operators are increasingly using software-defined satellites and multi-orbit solutions to meet the future demands of connectivity. The convergence of satellite communications and terrestrial cellular networks presents a market opportunity that notable satellite operators are keen to take advantage of. Smartphone manufacturers and chipset makers are also showing excitement for consumer-grade devices supporting satellite communications via Narrowband (NB)-NTN, NTN unmodified, and eventually, 5G New Radio (NR)-NTN.
The smaller form factor of satellites, combined with reduced launch costs thanks to reusable rockets by SpaceX and economies of scale due to standardized satellite bus and payload design, have contributed to the growth of this market. These developments have made it more affordable to launch satellites into orbit and offer SatCom services to a wider audience.
The IoT and NTN mobile technologies play a significant role in propelling the satellite services market. ABI Research’s whitepaper, “The Ascending Satellite NTN Market,” provides insights into how these technologies are shaping the market and what it means for SatCom providers, mobile operators, and technology vendors. The whitepaper is part of ABI Research’s Satellite Communications research service, which offers in-depth analysis and expert guidance to industry professionals.
ABI Research is a global technology intelligence firm that provides research and strategic guidance to technology leaders and decision-makers. Their research focuses on transformative technologies that are reshaping industries, economies, and workforces worldwide. For more information about ABI Research’s services, visit their website.