The commercial launch of a 5G satellite network is scheduled for 2024, paving the way for advancements in global connectivity. By 2030, it is estimated that there will be more than 110 million 3GPP-compliant 5G satellite connections in operation.
Telecom operators are projected to generate an additional $17 billion in revenue from 3GPP, highlighting the immense potential of this emerging technology. With the deployment of a 5G satellite network, the future of telecommunications is set to be revolutionized.
This milestone in satellite technology will bring numerous advantages. It will enable improved internet access in remote and underserved areas, bridging the digital divide. Furthermore, it will support faster and more reliable communication for industries such as aviation, maritime, and IoT (Internet of Things) applications.
The 5G satellite network will leverage the power of 3GPP technology, ensuring compatibility with existing 5G networks on the ground. This will facilitate seamless integration and connectivity across different platforms.
In addition to the increased revenue and expanded global connectivity, the deployment of a 5G satellite network will also contribute to the growth of the space industry. It will drive innovation and create new opportunities for satellite manufacturers and other related sectors.
The future looks promising with the advent of the 5G satellite network. It signifies a significant step forward in the evolution of telecommunications, enabling enhanced connectivity, improved access, and fostering technological advancements across various industries. The commercial launch in 2024 marks the beginning of a new era of connectivity and possibilities.