New research from Juniper Research reveals that operators are projected to generate an additional $17 billion in revenue from 3GPP (Third-generation Partnership Project)-compliant 5G satellite networks between 2024 and 2030. To achieve this, operators are advised to form partnerships with Satellite Network Operators (SNOs) to offer monetizable satellite-based 5G services to their subscribers.
SNOs possess the necessary capabilities to launch advanced satellite hardware into space and manage the resulting networks. The report titled “Global 5G Satellite Networks Market 2023-2030” provides reliable data for the market.
The research predicts that the first commercial launch of a 5G satellite network will occur in 2024, with an estimated 110 million 3GPP-compliant 5G satellite connections in operation by 2030. Operators are encouraged to prioritize partnerships with SNOs that can launch Geostationary Orbit (GSO) satellites, which provide consistent connectivity by following the Earth’s rotation above the country the operator serves.
Operators can leverage their existing billing relationship with mobile subscribers and enterprises to drive the adoption of satellite connectivity and increase revenue over the next seven years. This integration of satellite services into terrestrial networks is expected to facilitate rapid growth.
As 6G development accelerates, the research suggests that operators will rely more on SNOs for service provision. It emphasizes the importance for operators to consider the forward plan for 6G networks, including coverage and throughput capabilities, when choosing an SNO partner.
The market research suite by Juniper Research offers a comprehensive assessment of the 3GPP-compliant 5G satellite network, analyzing over 24,000 data points across 60 markets for a period of five years.
Juniper Research has been a trusted provider of market intelligence and advisory services to the telecommunications sector for two decades, working with leading network operators and communications platforms worldwide.