According to Juniper Research, satellite-based non-terrestrial networks (NTNs) are expected to generate up to $17 billion in revenue for mobile operators. The research company also predicted that the first commercial launch of a 5G satellite network will take place in 2024. By 2030, there will be over 110 million 3GPP-compliant 5G connections in operation.

To fully benefit from NTNs, operators need to prioritize partnerships with satellite network operators (SNOs) that are capable of launching Geostationary Orbit (GSO) satellites. Not only should operators consider 5G satellite services when choosing SNO partners, but they should also consider the future plans for 6G networks, including coverage and throughput capabilities.

Juniper Research suggests that operators should leverage their existing billing relationships with mobile subscribers and enterprise users to grow satellite connectivity revenue. Integrating satellite services into terrestrial networks can help drive the adoption of satellite connectivity.

Operators are expected to charge monthly fees for satellite connectivity, similar to how consumers pay for terrestrial services. However, the research acknowledges that the uptake of these services may be limited. Therefore, the monetization efforts of operators should be focused on IoT and broadband connections.

Initial IoT users are likely to utilize satellite connectivity for data-intensive services that require high throughput rates. However, data limitations may discourage the widespread adoption of satellite services.

As the satellite industry continues to evolve, it is crucial for operators to establish partnerships and optimize their monetization strategies to fully capitalize on the potential revenue from satellite-based networks.